Cervical disc replacement devices market projected to exceed $5.3B worldwide by 2027

The global cervical total disc replacement devices market is expected to surpass $5.3 billion by 2027, demonstrating a compound annual growth rate of 21.7 percent, according to Coherent Market Insights.

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Four things to know:

1. In 2019, the market was valued at $1.1 billion.

2. A rise in approvals and product launches is expected to boost the market during the forecast period.

3. Recent developments in the market include Centinel Spine gaining FDA approval for a two-level clinical trial of its Prodisc C anterior cervical total disc devices and Zimmer Biomet launching its Mobi-C cervical disc in Japan. 

4. Ongoing clinical trials for the treatment of degenerative disc disease is contributing to the growth of the Asia Pacific market.

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