With the baby boomers generation reaching old age, Med Gadget reports there will be a large jump in the value of the global cervical disc replacement device market.
A market study, recently published by Persistence Market Research (PMR), determined the global cervical total disc replacement device market could reach $489.7 million by the end of this year.
From 2015 to 2021, analysts projected an estimated expansion at a compound annual growth rate (CAGR) of 23.10%.
The research report, titled “Global Market Study on Cervical Total Disc Replacement Device: Growth in Cervical Degenerative Diseases, a Catalyst for CTDR Devices Market,” describes how the growing geriatric population and rising demand for highly developed cervical disc replacement devices are substantially fueling the global market for degenerative disc disease.
Namely, the procedure allows patients to retain normal normal neck motion and reduces the degeneration of adjacent segments of the cervical spine. It also eliminates potential complications and issues associated with the need for a bone graft and the hardware used in anterior cervical discectomy and fusion (ACDF) surgery, and it allows for quicker recovery and an earlier return to regular neck movement.
The study involved analyzing trends in material type, end users, and regional distribution.
According to material type, the artificial disc industry is separated by the markets for metal on metal devices and metal on a bio-compatible material devices.
Currently, the metal on bio-compatible material devices market is leading with the majority share.
However, according to Business Wire, the market may soon be seeing more variety in the materials used for cervical disc replacements.
In recent years, titanium has become an increasingly popular option over manufacturing discs using stainless steel.
“Titanium implants are strong, lightweight, and have minimum interference during computed tomography (CT) and magnetic resonance imaging (MRI) after implantation, as compared to stainless steel,” said Brahadeesh Chandrasekaran, one of Technavio’s lead analysts for orthopedics and general medical devices research.
Chandrasekaran went on to explain how the porous structure on the inner surface of titanium implants allows for better integration of the bone for enhanced fusion as a bio-compatible material device.