The Cervical disc replacement market size is estimated to reach $973.1 million by 2027. Furthermore, it is poised to grow at a CAGR of 9.1% over the forecast period of 2022-2027. The cervical disc, in its natural form, provides a cushion and gap between the two cervical vertebrates. Moreover, the disc act as a major shock absorber, which allows one to move their neck freely. Hence, with injuries and diseases, the space or the cushion gets to narrow down, it contracts the nerves of the upper part of the body as well. Thereby, causing numbness, pain, and other issues. If the symptoms are not mitigated by oral medication, physicians often perform the said surgery, which is often referred to as cervical disc arthroplasty. In recent technological advancements, biocompatible material is being proactively used across by surgeons owing to the various beneficial factor they offer. Additionally, lumbar hyperlordosis, a condition in which the spine curvature in inwards, can be mitigated by operating through the disc replacement. However, as much as the following surgery is performed, there are certain areas and conditions in which it has to be avoided, such as if the patient has had a history of renal osteodystrophy. Additionally, heterotopic ossification has been a keen risk developed post cervical disc replacement surgeries. The growing geriatric population followed by the rising preference of the elderly to improve the lifestyle by allowing such surgeries to have been the key factors driving the cervical disc replacement industry forward in the projected period of 2022-2027.
Cervical Disc Replacement Market Segmentation Analysis – By Material
The cervical disc replacement market based on the material can be further segmented into Polyethylene, Stainless Steel, Titanium, Cobalt-Chrome, Polycrystalline Diamond, and Others. Cobalt-Chrome held a dominant market share in the year 2021. It is owing to its superior characteristics compared to the former version such as titanium and stainless steel. It offers high strength and nearly twice the stiffness in comparison to titanium. Moreover, with their corrosion resistance and excellent biocompatibility, CoCr alloys pose little risk of irritation, allergic reaction, or immune response. Lastly, high resistance to wear and tear has become a predominant reason for its adoption. Lastly, as per various reports, bearing surfaces favor the said material and low debris was found in comparison to metal and polyethylene debris.
However, Polycrystalline Diamond is estimated to be the fastest-growing, with a CAGR of 9.8% over the forecast period of 2022-2027. It is owing to the material rigidity it offers over the other counterparts. Moreover, in pre-clinical trials, the material showed 1000 times better and greater resistance than cobalt chrome.
Cervical Disc Replacement Market Segmentation Analysis – By End-Users
The cervical disc replacement market based on end-users can be further segmented into Hospitals, Ambulatory Surgical Centers, Private Clinics, and Others. Hospitals held a dominant market share in the year 2021. It is owing to the presence of a vast number of hospitals, especially dealing in orthopedic surgeries. Secondly, the insurance provides coverage to the predominant hospital procedures, which has been a major driver for the said segment.
However, ASCs are estimated to be the fastest-growing, with a CAGR of 10.1% over the forecast period of 2022-2027. It is owing to the various policies being incorporated by the countries such as the US which propels the patients to use the said mode. Moreover, the American rescue plan has further positioned the end-user segment in priority. Lastly, the US government estimates to save around $32 billion by 2022 by adopting to the ASC model.
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Cervical Disc Replacement Market Segmentation Analysis – By Geography
The Cervical Disc Replacement Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America’s Cervical Disc Replacement market held a dominant market share of 33% as compared to the other regions in 2021. It is owing to the high expertise of the doctors performing the said operation. Moreover, the prevalence of chronic disc degenerative disease is estimated to be around three million. Further, the government operating in the following regions spends an extensive amount on medical care, thereby helping the market.
However, Asia-Pacific is set to offer lucrative growth opportunities to marketers in the projected period of 2022-2027. It is owing to the factors such as extensive medical tourism facilities and relatively cheaper modes to get the treatment done in countries such as India. For example, the cost for the said surgery in India is close to $7500, which is four times lower than what is offered in the US. Further, the region is seeing exponential investments within the medical infrastructure which will propel the market growth.
Cervical Disc Replacement Market Drivers
The growing prevalence of cervical degenerative disc disease in proportion with the growing geriatric population has aided the market growth
Cervical disc degenerative diseases have been found to have a direct correlation with the rising age. As per various researches, the prevalence of DDD was found to be 40% in people below the age of 50. However, it increases to up to 80% when people cross the threshold of 70 years. Additionally, around 20-30% of the people won’t respond to non-surgical interventions. Thereby, assisting the market growth. Additionally, as per various organizations, the geriatric population is on the rise. As per CDC, by the year 2036, the US population will have a break-even distribution of young adults and the senior population. Moreover, the trends have been noticed in the region of Europe as well, as the geriatric population holds a portion of 21%. Hence, the growing number of geriatric populations will continue to aid the market growth.
The prevalence and use of ASCs to perform cervical disc replacement surgeries have aided the market growth
ASCs have been growing over the last decade or more. As of 2010, there were close to 5000 facilities, which now stand at around 9500. Moreover, their growing numbers have assisted the growth of surgeries performed within cervical treatments. Additionally, Orthopedic and Pain are the chart leaders in terms of Multi-Specialty Certified ASCs. Furthermore, the patients prefer ASCs over hospitals as they can go back to their homes within 6-8 hours of the procedures while saving substantial costs in terms of operation and stay facilities. The patients also reported higher satisfaction when they used ASCs for cervical disc replacement surgeries. Hence, the following factor has been a key driver for the market growth.
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Cervical Disc Replacement Market Challenges
The high cost associated with the disc replacement surgeries and the alternative treatment plan has hampered the market growth
Physiotherapy and special exercises have been the first line of treatment to resolve the symptoms of disc diseases, which have severely hampered the surgical suite of the market. As per our analysis, around 60-80% of the people start to feel fine post-non-operative intervention. Additionally, the cost implication of the said procedure further halts the market penetration. Additionally, there have been cases reported which portray that reimbursement from the insurance companies for the said procedure is still not clear, and people have to bear the cost of the said treatment from their pocket. The treatment cost for the same is estimated in the US to touch $30,000-$50,000. Thereby, hampering the market growth.
Cervical Disc Replacement Market Competitive Landscape
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Cervical Disc Replacement Market. The top 10- Cervical Disc Replacement Market companies are-
Zimmer Biomet Holdings, Inc.,
Globus Medical, Inc.,
Orthofix Medical Inc.,
Centinel Spine, Inc.
In September 2021, Dymicron won the award for their product “Triadyme- C Artificial Cervical Disc.” The product has been a stalwart in the said market, as it is a motion-preserving cervical artificial disc that is made of polycrystalline diamond. The said material has been regarded as the toughest material ever discovered by humankind. The product guarantees prolonged comfort as there are no plausible wear and tear.
In May 2021, Orthofix Medical Inc supplied their three- and four-year study pertaining to their M6-C artificial cervical disc single-use IDE study. After three years, the scores stand at a means score of NDI- 10.9, which is better than the means of NDI- 17.2, which was observed in the ADCF group. Moreover, Patients receiving the M6-C disc experienced a mean improvement from the NDI baseline of 43.9 points at three years and 45.2 points at four years, compared to 35.5 and 32.8, respectively, for the ACDF cohort, with the four-year results being significantly better for the M6-C disc group.
In February 2021, NuVasive acquired Simplify Medical for $150 million. The acquisition will allow complete access to the product portfolio of the latter company which also includes key elements of surgical spine elements. NuVasive will use its commercial and distribution channels to sell the Simplify Disc in the U.S. and abroad. NuVasive expects the deal will directly accelerate net sales goals and will be accretive to its non-GAAP diluted earnings in 2022.
Geographically, North America’s cervical spine replacement held a dominant market share in the year 2021. It is owing to the region’s predominant position in spending excessively on the healthcare wellbeing of the patients. Additionally, predominant research medical technology companies are located in the following region which makes it a pro-active region. However, Asia-Pacific is set to offer lucrative growth opportunities to the marketers owing to active medical tourism and an advanced outlook for developing the said field will allow the region to grow.
The growing geriatric population suffering from degenerative disc diseases has been a key market driver. However, high surgical costs and the availability of alternative treatments have halted the market growth.
A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Cervical Disc Replacement Market Report.
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