GVR Report cover Cervical Disc Prosthesis Market Size, Share & Trends Report

Cervical Disc Prosthesis Market Size, Share & Trends Analysis Report By Disc Type (M-o-P, M-o-M), By End-use (Orthopedic & Trauma Centers, Hospitals), By Indication (Neck Pain, Myelopathy), By Material, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-4-68039-952-3
  • Number of Pages: 150
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2020
  • Industry: Healthcare

Report Overview

The global cervical disc prosthesis market size was valued at USD 252.97 million in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 12.3% from 2022 to 2030. The increasing geriatric population, growing demand for minimal surgical procedures, technological advancements in the cervical disc prosthesis, strategies implemented by key companies, and increase in healthcare expenditure are some of the key drivers of this market. For instance, in February 2021, NuVasive, Inc., the leader in spine technology innovation, acquired Simplify Medical, a private company and developer of the Simplify Cervical Artificial Disc for Cervical Total Disc Replacement (cTDR).

 North America cervical disc prosthesis market size, by indication, 2020 - 2030 (USD Billion)

The COVID-19 pandemic had a negative impact on the global market, resulting in poor demand and sales. The pandemic resulted in a considerable decrease in procedure volumes in 2020, which harmed market growth. For instance, NuVasive, Inc. reported an 8% drop in net sales for the spinal hardware business, as well as a 7% drop in volume. The cancellation or postponement of elective surgeries during the pandemic had a significant influence on the market. Due to a decrease in product sales, Orthofix Medical, Inc. announced an 11.6 % decrease in yearly revenue from 2019 to 2020. In addition, numerous hospitals and specialist centers were converted into COVID-19 treatment centers, reducing the number of treatments even more.

The Hospital for Special Surgery (HSS) Spine Care Institute, for example, is a musculoskeletal therapy center that specializes in specialist care. All elective surgeries, including spine surgery, were postponed between March 17 and June 8, 2020, and the hospital was transformed into a recognized COVID-19 treatment facility. As a result, such variables had a detrimental impact on market growth. Many emerging nations’ healthcare reforms extended treatment access to a larger proportion of their people, which stimulated demand for healthcare-related items, particularly spinal surgery products.

Increasing economic affluence in major developing regions would boost the demand for such products, resulting in market expansion. Some of the key drivers impacting the market include the aging population, the growing prevalence of degenerative disc disorders, an increase in the number of sports-related injuries & trauma cases, technological advancements, and increased product development activities. Furthermore, lower back discomfort is one of the most common symptoms pointing to an underlying spine-related illness, expanding the market’s potential. Furthermore, to address the drawbacks of spinal fusion surgeries, non-fusion techniques, such as cervical disc prostheses are gaining traction among end-users, resulting in an increased demand for cervical discs around the world.

Disc Type Insights

Based on disc types, the global market for cervical disc prosthesis has been further divided into Metal-On-Polymer (M-o-P) and Metal on Metal (M-o-M). The M-o-P disc type segment dominated the global market in 2021 and accounted for the maximum share of more than 65.00% of the overall revenue. As a bearing surface for many joints, metal-on-polymer articulations have substantial clinical experience and literature backing. The majority of FDA-approved cervical TDR implants in the U.S. use repetitions of metal alloy-based superior & inferior prosthetic endplates that articulate through a central polymer core.

Furthermore, the overall success rate of metal-polymer artificial disc replacement operations is high, boosting the market growth. Furthermore, the market is predicted to develop on account of an increase in the number of trauma-related and sports-related injuries, as well as orthopedic operations. Approximately 1.2 million football-related injuries occur each year, according to the NFL Physicians Society. The market is also expected to expand as a result of global technological improvements and a growing elderly population. However, the M-o-M disc type segment is estimated to witness the fastest CAGR from 2022 to 2030.

Material Insights

Based on materials, the global market has been further sub-segmented into stainless steel, cobalt-chromium, titanium, and others. The cobalt material segment dominated the global market in 2021 and accounted for the largest share of more than 35.5% of the global revenue. With high specific strength and stiffness that is nearly twice that of titanium, Cobalt Chromium-chrome (CoCr) is a Cobalt Chromium-chromium metal alloy. It is frequently referred to as Cobalt Chromium-chromium-Molybdenum (CoCrMo) since the alloy used to create surgical implantation prosthesis typically contains 5-7% molybdenum.

Due to their excellent biocompatibility and corrosion resistance, CoCr alloys have little danger of irritability, allergic reaction, or immunological response, which is expected to propel the growth of this segment. Stainless steel has long been utilized as surgical implants in numerous orthopedic applications, however, because of its inferior mechanical qualities, it may not always be recommended in cervical arthroplasties. Innovative metals, such as CoCr alloy and Titanium (Ti), have higher yield strengths and are less prone to corrosion and fatigue failure than older metals.

End-use Insights

Based on end-uses, the global market has been further categorized into hospitals, orthopedic & trauma centers, and others. The hospitals end-use segment dominated the global market in 2021 and accounted for the largest share of more than 44.00% of the overall revenue. The segment growth can be attributed to the fact that most facilities and technologically advanced implants are available in hospital settings for the treatment and diagnosis of cervical spine disorders. The growing demand for prostheses for patients suffering from myelopathy, radiculopathy, and severe neck pain is another factor propelling the growth of the segment during the forecast period.

 Global cervical disc prosthesis market share, by end-use, 2021 (%)

On the other hand, the orthopedics and trauma centers' end-use segment is estimated to register the fastest growth rate during the forecast period. Orthopedics and trauma centers provide end-to-end care and management for all types of bone and joint disorders. Many patients experience less pain in their daily activities as a result of the professional and individualized surgical approach to bone and joint disorders offered at these centers. Furthermore, surgeons in these centers are highly specialized and experienced with cutting-edge research to provide the best possible care.

Regional Insights

On the basis of geographies, the global market has been further categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominated the global market and accounted for the largest share of more than 48.7% of the global revenue in 2021. The high share of this regional market can beattributed to the presence of several key service providers along with their adoption of various strategic initiatives to increase market penetration. Furthermore, the presence of a technologically advanced population base and various initiatives undertaken by the government and the American Health Information Community will also boost the market growth.

The regional market of Asia Pacific is estimated to register the fastest growth rate during the forecast period. The increasing geriatric population pool is one of the dominant factors driving the growth of the Asia Pacific regional market. Constant improvements in the quality of life and total life expectancy, attributed to the developments in health care facilities and rising disposable income levels, also support market growth. The geriatric population pool makes up a sizable portion of the sub-population that is vulnerable to several diseases and disorders, including degenerative spine diseases, which, in turn, augments the product demand.

Key Companies & Market Share Insights

The market is highly competitive and fragmented. Leading companies are involved in deploying strategic initiatives, that include service expansion, competitive pricing strategies, sales & marketing initiatives, partnerships, and mergers & acquisitions. For instance, NuVasive Inc. received FDA approval for the Simplify Cervical Artificial Disc for two-level cervical total disc replacement in April 2021. Some of the key players in the global cervical disc prosthesis market include:

  • Medtronic, Plc

  • Depuy Synthes (Johnson & Johnson Inc.)

  • Stryker Corporation

  • Zimmer Biomet Holdings, Inc.

  • Globus Medical, Inc.

  • NuVasive, Inc.

  • Orthofix Medical Inc.

  • Olympus Corp.

  • Centinel Spine, Inc.

  • Axiomed Spine Corp.

Cervical Disc Prosthesis Market Report Scope

Report Attribute

Details

The market size value in 2022

USD 281.07 million

The revenue forecast in 2030

0.70 billion

Growth rate

CAGR of 12.3% from 2022 to 2030

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Disc type, material type, indication, end-use, region

Regions covered

North America; Europe; Asia Pacific; Latin America; MEA

Country Scope

U.S.; Canada; U.K.; Germany; Italy; France; Spain; Japan; China; India; Australia; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE

Key companies profiled

Medtronic; Depuy Synthes (Johnson & Johnson Inc.); Stryker Corp.; Zimmer Biomet Holdings, Inc.; Globus Medical, Inc.; NuVasive, Inc.; Orthofix Medical Inc.; Olympus Corp.; Centinel Spine, Inc.; Axiomed Spine Corp.

Customization scope

Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global cervical disc prosthesis market report on the basis of disc type, material, indication, end-use, and region:

  • Disc Type Outlook (Revenue, USD Million, 2017 - 2030)

    • Metal-On-Polymer (M-o-P)

    • Metal on Metal (M-o-M)

  • Indication Outlook (Revenue, USD Million, 2017 - 2030)

    • Myelopathy

    • Radiculopathy

    • Neck Pain

  • Material Outlook (Revenue, USD Million, 2017 - 2030)

    • Stainless Steel

    • Cobalt Chromium

    • Titanium

    • Others

  • End-use Outlook (Revenue, USD Million, 2017 - 2030)

    • Hospitals

    • Orthopedic and Trauma Centers

    • Others

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • MEA

      • South Africa

      • Saudi Arabia

      • UAE

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