Product ID: UCMIG35A2409
Cervical Disc Prosthesis Market Size, Share, Growth Analysis, By Disc Type(Metal-On-Polymer (M-o-P), Metal on Metal (M-o-M)), By Indication(Myelopathy, Radiculopathy), By Material(Stainless Steel, Cobalt Chromium), By End-use(Hospitals, Orthopedic and Trauma Centers), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG35A2409 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Cervical Disc Prosthesis Market Insights
Market Overview:
The market for cervical disc prosthesis worldwide exhibited a significant value of USD 252.97 million in 2021, and it is projected to grow steadily at a compound annual growth rate (CAGR) of 12.3% between 2022 and 2030. This growth can be attributed to the increasing demand for cervical disc replacements as a preferred alternative to traditional spinal fusion surgeries due to their potential benefits in preserving motion and reducing complications. Factors such as the rising prevalence of degenerative disc diseases, advancements in implant materials and design, and growing awareness among patients and Health Care professionals are anticipated to drive the market's expansion in the coming years. As cervical disc prostheses continue to gain prominence as an effective treatment option, the market is poised for further growth and innovation in the near future.
Cervical Disc Prosthesis Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Cervical Disc Prosthesis Market Report Snapshots
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