The cervical disc replacement market is expected to grow through 2020, according to a Persistence Market Research report.
Here are eight things to know about the cervical disc replacement market:
1. North America is the dominant global market for cervical total disc replacement because there is a large aging population.
2. The Asian market is expected to show significant growth over the next five years. China and India are expected to be the fastest-growing Asia-Pacific markets.
3. In emerging countries, factors driving total disc replacement include:
• A large pool of patients
• Increase in healthcare expenditure
• Rising government funding
4. There is an increasing global awareness of cervical total disc replacement procedure successes.
5. A potential roadblock could be difficulty achieving reimbursement from some payers globally. High costs could challenge growth in some markets as well if payers aren't willing to pay.
6. The next generation devices will have radiolucent materials and include a development opportunity in the global cervical total disc replacement market.
7. The leading companies in the cervical disc replacement market include: DePuy Synthes, LDR, Spinal Kinetics, Medtronic, Globus Medical, Innovative Technologies, Dynamic Spine, Applied Spine Technologies, Abbott Laboratories, Zimmer and Stryker.