Persistence Market Research released a global forecast of the cervical total disc replacement surgery market, according to Medgadget.
Here are seven takeaways:
1. North America holds the largest share of the global market for cervical total disc replacement. A growing aging population is the main driver of North American's dominance.
2. Asia will experience growth in the cervical total disc replacement market within the next five years.
3. China and India will see the largest growth in the market, due to more patients seeking healthcare, increasing healthcare expenditures and government funding.
4. Cervical total disc replacement surgery has gained popularity as pseudo-arthritis results in anterior cervical disc fusion surgery.
5. The market faces some obstacles, including nucleus replacement devices, surgery side-effects and healthcare reimbursement complications.
6. Radiolucent material devices would aid the market growth.
7. Johnson & Johnson, Applied Spine Technologies, Abbott Laboratories, Zimmer, Medtronic, Innovative Spinal Technologies, Dynamic Spine, Globus Medical and Stryker compose the leaders in the market.