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Global market for cervical total disc replacement devices to reach $1.75B by 2021: 5 notes Featured

Written by  Jessica Kim Cohen | Thursday, 29 September 2016 00:00
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The global market for cervical total disc replacement devices will surpass $1 billion by 2021, according to a Persistence Market Research report.

Among its findings, the report notes:

 

1. The global market for total disc replacement devices reached $409.7 million in 2014, accounting for 66 percent of the global total disc replacement market.

 

2. The cervical total disc replacement devices market is expected to reach $1.75 billion by the end of 2021, growing at a compound annual growth rate of 23.1 percent.

 

3. Key market players include DePuy Synthes, Globus Medical, Medtronic and NuVasive.

 

4. Trends influencing the market include investment in research and development, technological advancements and recent acquisitions and mergers.

 

5. The surge in market growth is attributed to the prevalence of chronic diseases, the aging population and the low revision rate of cervical disc replacement surgery.

 

More articles on devices and implants:
Global market for surgical microscopes to grow through 2020: 5 notes
Zimmer Biomet launches individualized TKA implant: 3 notes
Global market for wearable medical devices to reach $7.8B by 2020: 5 notes

Last modified on Wednesday, 16 November 2016 14:57
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