Cervical total disc replacement device market to hit $1.8B — 4 notes

Written by Megan Wood | March 22, 2016 | Print  |

The global cervical total disc replacement device market is expected to grow at a compound annual growth rate of 23.1 percent to $1.75 billion by 2021, based on a Persistence Market Research report, according to EmpoweredNews.

Here are four notes:

 

1. A growing aging population and a low revision surgery rate for cervical disc replacement surgery will spur the market's growth.

 

2. Industry trends include technological advancements, research and development and more acquisitions and mergers.

 

3. In 2014, the CTDR device market composed 66 percent of the global total disc replacement market.

 

4. Medtronic, DePuy Synthes, Globus Medical, NuVasive and LDR Holding lead the market.

 

More articles on devices:
Lakeway Regional Medical Center now a CarboClear Pedicle Screw System study site: 5 observations
Magnesium Development Company raises $1M for new orthopedic device alloy: 4 takeaways
EOS imaging receives Chinese FDA approval for EOS system: 3 things to know

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