Cervical total disc replacement device market to hit nearly $1.8B in 2021 — 7 observations

Spinal Tech

The global cervical total disc replacement device market is expected to grow at a compound annual growth rate of 23.1 percent between 2015 and 2021.

Here are seven observations:

 

1. Up from $489.7 million in 2015, the market will likely be worth $1.75 billion in 2021.

 

2. Market drivers include an aging population and a low revision rate of CTDR surgery.

 

3. Unfavorable reimbursement policies and a dearth of clinical data will serve as market growth obstacles, however.

 

4. In 2015, North America led the space with a 45 percent market share.

 

5. The Asian market is expected to grow at a 23.8 percent CAGR throughout the forecast period.

 

6. The Latin American market will likely grow at an 18.5 percent CAGR through 2021.

 

7. Dublin, Ireland-based Medtronic; West Chester, Pa.-based DePuy Synthes; Audubon, Pa.-based Globus Medical; San Diego-based NuVasive; and Austin, Texas-based LDR Holding Corp. lead the CTDR device market.

 

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