The cervical total disc replacement device market reached $489.7 million in 2015, based on a Persistence report, according to medGadget.
Here are four notes:
1. The global market is expected to grow at a CAGR of 23.1 percent from 2015 to 2021, reaching $1.75 billion.
2. An increase in the elderly population, demand for advanced CTDR devices for surgery and increase in cervical disc replacement surgery will all drive the market's growth.
3. Market trends include technological advancements, continued research and more acquisitions and mergers.
4. Key market players include Medtronic, DePuy Synthes, Globus Medical, NuVasive and LDR Holding.