Cervical disc replacement market to near $7.8B by 2030


The cervical total disc replacement market is estimated to grow 18.5 percent by 2023, according to Zion Market Research.

Six things to know:

1. In 2021, the global CDR market was valued around $1.7 billion. That figure is expected to grow to about $7.8 billion by 2023, according to a Jan. 11 news release.

2. Factors in market growth include rising product approval rates, technological developments and product acquisitions by key players.

3. The metal on biocompatible disc is expected to grow "significantly" between 2022 and 2030.

4. In 2021, cobalt-chrome devices held a substantial market share.

5. The North American region is projected to dominate the CDR market globally between 2022 and 2030.

6. Key players include Stryker, Globus Medical, Zimmer Biomet and Johnson & Johnson.

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