Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.7 Billion | USD 7.8 Billion | 18.5% | 2021 |
FrequentlyAsked Questions
The rise in the elderly population, the rise in cervical degenerative disc disease patients, and the low rate of cervical disc replacement surgical revision are anticipated to propel the cervical total disc replacement market over the forecast period.
According to the report, the global cervical total disc replacement device market size was worth around USD 1.7 billion in 2021 and is predicted to grow to around USD 18.5 billion by 2030 with a compound annual growth rate (CAGR) of roughly 18.5% between 2022 and 2030.
The global cervical total disc replacement device market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the rising prevalence of cervical degenerative disorder and the growing usage of devices.
The global cervical total disc replacement device market is dominated by players like Dynamic Spine, Inc., Applied Spine Technologies, Inc., Stryker Corporation, Abbott Laboratories, and Medtronic, Inc. Other players influencing the global market are Globus Medical, Inc., Synthes AG, Johnson & Johnson, Innovative Spinal Technologies, Inc., and Zimmer, Inc., among others.
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