New York, NY -- (SBWIRE) -- 01/14/2016 -- Cervical total disc replacement (CTDR) devices are primarily used to treat people suffering from degenerative disc disorders, where the degenerated disc is surgically removed and an artificial disc is fixed in the vertebra. This minimal incision surgery (MIS) results in quick recovery and reduces the need for re-surgery. Considering the many benefits offered, the cervical total disc replacement procedure has been commonly adopted over conventional spinal fusion surgery. Degenerative disc disorders are commonly treated by the spinal fusion surgery. But due to the high rate of re-surgery, nowadays, doctors are considering cervical total disc replacement surgery over spinal fusion surgery to treat degenerative disc disorders.

Request sample of this report: http://www.persistencemarketresearch.com/samples/3775

The global cervical total disc replacement device market is expected to reach US$489.7 mn by 2015 and US$1,750.1 mn by 2021. The CTDR device market is predicted to expand at a 23.10% CAGR during the period between 2015 and 2021. Lack of clinical data and inadequate reimbursement policies are two of the factors expected to restrict the growth of the CTDR market in the years to come. However, the global cervical total disc replacement device market is primarily driven by factors such as the growing aging population, low rate of re-surgery, and increasing demand for advanced cervical total disc replacement devices.

North America to Generate Highest Demand for CTDR Devices

The global cervical total disc replacement device market is segmented on the basis of geography, type, and end use. By geography, the global CTDR device market is divided into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America led the global CTDR device market in 2014, accounting for more than 45% of the total market. The North America CTDR device market is expected to maintain its dominant position during the forecast period. The Asia Pacific CTDR device market is predicted to expand at a 23.80% CAGR during the period from 2015 to 2021. The Latin America CTDR device market is predicted to progress at an 18.50% CAGR during the period between 2015 and 2021.

Mergers and Acquisitions to Create Growth Opportunities for Global CTDR Device Market

Some of the prominent players operating in the global cervical total disc replacement device market are Medtronic, plc, Globus Medical, Inc., LDR Holding Corporation, Depuy Synthes, and NuVasive, Inc. The introduction of advanced CTDR devices by emerging companies will make the global market more competitive for the leading companies in the next few years. Based on end use, the global CTDR device market is classified into hospitals and ambulatory surgical centers. Investments in research and development activities, the increasing number of acquisitions and mergers, and technological advancements in CTDR devices are some other factors responsible for the growth of the global CTDR device market.

View Detail Report: http://www.persistencemarketresearch.com/market-research/cervical-total-disc-replacement-market.asp

By material type, the global cervical total disc replacement device market is classified into the metal on biocompatible material and metal on metal segments. Growing demand for advanced CTDR devices for treating class I and class II degenerative disc diseases is predicted to drive the global market for CTDR devices. The metal on biocompatible material segment is predicted to lead the global CTDR device market in the years to come.

About Persistence Market Research (PMR)
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.