Cervical Total Disc Replacement Market Size

Cervical Total Disc Replacement Market size was over USD 678.5 million in 2023 and is poised to cross USD 2.99 billion by 2036, growing at more than 12.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cervical total disc replacement is estimated at USD 744.18 million. The growth of the market can be attributed to the growing number of incidences of degenerative disc disease and increasing geriatric population around the world. Along with these, as the number of road accidents globally have witnessed a major hike, the prevalence of spinal injuries is also rising, which is another factor expected to drive market growth in the upcoming years. According to the World Health Organization (WHO), 1.3 million people die every year as a result of road accidents. Most of the countries spend 3 percent of their GDP on these crashes.  Furthermore, increase in entry of new market players and surge in number of suppliers who are extensively investing in the development of advanced cervical total disc replacement are projected to offer lucrative opportunities for the growth of the market in the near future.