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Technavio’s market research analyst predicts the global cervical artificial discs market to grow rapidly at a CAGR of more than 22% during the forecast period. The patients’ growing preference for minimally invasive surgeries over open surgeries is expected to result in the augmented demand for technologically advanced cervical implants.
The rise in prevalence of cervical herniated disc disease among the geriatric population is the key driver for the growth of this market. Cervical disc herniation is observed in people working under sedentary conditions and is common among people suffering from trauma or lifting injuries. The growing prevalence of this disease among the aging population is a critical factor that drives market growth during the forecast period.
In this market study, analysts estimate the Americas to account for a market share of more than 57% by 2020. The prospects for growth in this market are driven by factors like the increasing spinal non-fusion procedures volume, growing acceptance of technologically advanced cervical spinal implants, and augmented investments by vendors in clinical trials.
The global cervical artificial discs market is highly competitive owing to the presence of numerous large, well-established vendors as well as new and emerging companies. Although the top vendors dominate this market in terms of shares, factors like increasing product innovation and development are anticipated to change the market scenario in the next four years.
The top vendors in this market are -
Other prominent vendors in the market include AxioMed, Spinal Kinetics, Globus Medical, Vertebral Technologies, Joimax, and Orthofix.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Pipeline analysis
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
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