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Research Nester published a report titled “Cervical Total Disc Replacement treatment market : Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of the global cervical total disc replacement treatment market in terms of market segmentation by device design, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global cervical total disc replacement treatment market is estimated to occupy a hefty amount of revenue by growing at a CAGR of ~13% during the forecast period, i.e., 2022 – 2030, owing to the rising occurrence of degenerate disc disease, increasing elderly population and growing demand for advanced techniques for the treatment. Apart from these, surge in fatalities related to road accidents is also expected to drive market growth in the forthcoming years.
The market is segmented by device design and by end user. Based on device design, the unconstrained segment is anticipated to grab the largest market share during the forecast period on the back of advantages of these devices for individuals with a hypermobile neck. Additionally, by end user, the segment for hospitals is expected to acquire the largest share ascribing to the high emphasis of patients for undergoing spinal treatments in these facilities.
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Geographically, the global cervical total disc replacement treatment market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the sophisticated medical infrastructure and high healthcare expenditure. Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the future owing to the hike in per capita income and increasing geriatric population of the region.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Rise in Geriatric Population Worldwide to Drive Market Growth
Age is one of the most predominant risk factors of cervical total disc displacement. As the total world population is increasing at a robust rate, the complications associated with spinal disc displacement are also witnessing a notable boom. This is considered to be a major factor evaluated to drive market growth in the near future.
However, high cost for treating cervical total disc displacement is expected to operate as key restraint to the growth of the global cervical total disc replacement treatment market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global cervical total disc replacement treatment market which includes company profiling of Stryker Corporation, Medtronic, Plc., Johnson & Johnson Services, Inc., NuVasive, Inc., Orthofix Medical Inc., LDR Holding Corporation, Zimmer Biomet Holdings, Inc., Centinel Spine, Inc., Globus Medical, Inc., FH Orthopaedics S. A. S., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cervical total disc replacement treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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