Artificial Intelligence
Global Cervical Total Disc Replacement Device Market Share Will Grow 18.5% CAGR to Almost USD 7.8 Billion by 2030
![](https://roboticulized.com/wp-content/uploads/2023/01/global-cervical-total-disc-replacement-device-market-share-will-grow-18-5-cagr-to-almost-usd-7-8-billion-by-2030.gif)
Houston, TX, Jan. 11, 2023 (GLOBE NEWSWIRE) — According to Zion Market Research has published a new research report titled “Global Cervical Total Disc Replacement Device Market By Disc Type (Metal On Metal And Metal On Biocompatible), By Material (Polyethylene, Stainless Steel, Titanium, Cobalt-Chrome, Polycrystalline Diamond, And Others), By Design (Constrained, Semi-Constrained, And Un-Constrained), By End User (Hospitals, Ambulatory Surgical Centers, Private Clinics, And Others) And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030” in its research database.
“According to the latest research study, the demand of global Cervical Total Disc Replacement Device Market size & share in terms of revenue was valued at USD 1.7 billion in 2021 and it is expected to surpass around USD 7.8 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 18.5% during the forecast period 2022 to 2030.”
What is Cervical Total Disc Replacement Device? How big is the Cervical Total Disc Replacement Device Industry?
Cervical Total Disc Replacement Device Report Coverage & Overview:
The cervical spine comprises seven vertebras, which are separated by an intervertebral disc from each other. Cervical discs are helpful in the movement of the neck and back; they allow sideward and bending movement of the body. They are also useful in neck stabilizing and shock absorbing. Cervical discs stop functioning owing to disc herniation, which is caused by degenerative diseases or trauma. Disc herniation can be recognized by symptoms such as a headache, weakness, shoulder pain, numbness, and neck pain. Degenerative disc disease results in pain, stiffness of the neck, and less flexibility. Initially, these diseases are tackled with anti-inflammatory medications, spine injections, physical therapy, and cold or heat therapy. However, surgical treatments are recommended when these conventional treatments fail to recover.
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Global Cervical Total Disc Replacement Device Market: Growth Dynamics
The market for cervical total disc replacement devices is anticipated to expand as a result of an increasing number of providers making investments in clinical trials for new devices as well as better next-generation cervical total disc replacement devices like Secure-CR cervical artificial disc. The global cervical total disc replacement device market, which has expanded significantly in recent years, will also be driven by an aging population and spinal injuries from car accidents. The market for cervical total disc replacement devices will expand due to the rising prevalence of degenerative disc conditions. However, the high cost associated with the cervical total disc replacement device is expected to hamper the market growth during the forecast period.
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Report Scope
Report Attribute | Details |
Market Size in 2021 | USD 1.7 billion |
Projected Market Size in 2030 | USD 7.8 billion |
CAGR Growth Rate | 18.5% CAGR |
Base Year | 2021 |
Forecast Years | 2022-2030 |
Key Market Players | Dynamic Spine Inc., Applied Spine Technologies Inc., Stryker Corporation, Abbott Laboratories, Medtronic Inc., Globus Medical Inc., Synthes AG, Johnson & Johnson, Innovative Spinal Technologies Inc., Zimmer Inc, among others. |
Key Segment | By Disc Type, By Material, By Design, By End User and By Region |
Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
For Infographics: https://www.zionmarketresearch.com/content/uploadedimages/global-cervical-total-disc-replacement-device-market.png
Cervical Total Disc Replacement Device Market: Segmentation Analysis
The global cervical total disc replacement device market is segmented based on the disc type, material, design, end user, and region.
Based on the end user, the market is segmented into hospitals, ambulatory surgical centers, private clinics, and others. The hospital’s segment held the largest market share in 2021 and it is expected to continue the same pattern during the forecast period. The growth in the segment is attributed to the presence of a vast number of hospitals, especially those dealing in orthopedic surgeries. Moreover, the insurance provides coverage for the predominant hospital procedures. On the other hand, the ambulatory surgical centers segment is expected to grow at the highest CAGR over the forecast period.
The segmental growth is owing to the numerous policies adopted by nations like the US, which encourage patients to use ASCs. Additionally, the American rescue plan has given the ASCs segment higher attention. The US government projects that using the ASC model will save about $32 billion by 2022.
The global Cervical Total Disc Replacement Device market is segmented as follows:
By Disc Type
- Metal on Metal
- Metal on Biocompatible
By Material
- Polyethylene
- Stainless Steel
- Titanium
- Cobalt-Chrome
- Polycrystalline Diamond
- Others
By Design
- Constrained
- Semi-Constrained
- Un-Constrained
By End User
- Hospitals
- Ambulatory Surgical Centers
- Private Clinics
- Others
Browse the full “Global Cervical Total Disc Replacement Device Market By Disc Type (Metal On Metal And Metal On Biocompatible), By Material (Polyethylene, Stainless Steel, Titanium, Cobalt-Chrome, Polycrystalline Diamond, And Others), By Design (Constrained, Semi-Constrained, And Un-Constrained), By End User (Hospitals, Ambulatory Surgical Centers, Private Clinics, And Others) And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030” Report at https://www.zionmarketresearch.com/report/cervical-total-disc-replacement-device-market
Competitive Landscape
Some of the main competitors dominating the global Cervical Total Disc Replacement Device market include –
- Dynamic Spine Inc.
- Applied Spine Technologies Inc.
- Stryker Corporation
- Abbott Laboratories
- Medtronic Inc.
- Globus Medical Inc.
- Synthes AG
- Johnson & Johnson
- Innovative Spinal Technologies Inc.
- Zimmer Inc.
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the Cervical Total Disc Replacement Device market is likely to expand at a CAGR of around 18.5% during the forecast period (2022-2030).
- In terms of revenue, the Cervical Total Disc Replacement Device market size was valued at around US$ 1.7 billion in 2021 and is projected to reach US$ 7.8 billion by 2030.
- The market is expected to rise as a result of technological developments, rising product approval rates, company and product acquisitions by major players, and other factors.
- Based on the disc type, the metal on biocompatible is expected to grow significantly over the forecast period.
- Based on the material, the cobalt-chrome held a substantial market share in 2021.
- Based on region, the North American region is expected to dominate the market during the forecast period.
Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/cervical-total-disc-replacement-device-market
Key questions answered in this report:
- What is the market size and growth rate forecast for Cervical Total Disc Replacement Device industry?
- What are the main driving factors propelling the Cervical Total Disc Replacement Device Market forward?
- What are the leading companies in the Cervical Total Disc Replacement Device Industry?
- What segments does the Cervical Total Disc Replacement Device Market cover?
- How can I receive a free copy of the Cervical Total Disc Replacement Device Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Disc Type, By Material, By Design, By End User and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)
Regional Analysis:
North America holds the largest market share in the global cervical total disc replacement device market. The higher percentage of the aging population living in this region is anticipated to boost global market growth. Besides, the Asia Pacific is emerging as the second largest market for cervical total disc replacement as healthcare industries are growing at a faster rate, which in turn may fuel the global cervical total disc replacement device market. In addition, China and India are major competitors in the global cervical total disc replacement device market. Moreover, rising government funding and a large pool of patients are expected to propel the global market growth in the future.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
In October 2022, Centinel Spine®, LLC, a leading global medical device company addressing cervical and lumbar spinal disease through anterior surgical access, announced the continued expansion of the availability of the prodisc® Cervical Total Disc Replacement (TDR) portfolio that allows the disc to be matched to patient anatomy. In July, the company received U.S. Food and Drug Administration approval for 1-level indications for prodisc C Vivo, prodisc C SK, and prodisc C Nova. Along with the currently available prodisc C implant, which remains the most studied TDR technology, Centinel Spine now has the broadest offering in the world of cervical TDR solutions to address surgeon preference and individual patient anatomy.
To know an additional revised 2022 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/cervical-total-disc-replacement-device-market
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Artificial Intelligence
DCI Indonesia Awarded by Frost & Sullivan for World-class Operational Excellence, Enabling Customers to Grow and Thrive, and Securing a Market-leading Position
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DCI Indonesia’s expansions, backed by its focus on industry best practices, sustainability, and alignment with customer trends, reinforce its strategic advantage.
SAN ANTONIO, July 3, 2024 /PRNewswire/ — Frost & Sullivan recently analyzed the data center services industry and, based on its findings, recognized DCI Indonesia with the 2024 Company of the Year Award for a fifth consecutive time. The company is the leading data center services provider in Indonesia, offering best-in-class, scalable, and reliable data center colocation services and solutions. Its portfolio includes colocation, bare metal, physical security, data center connectivity, cooling, and power management to improve operational excellence, enabling customers to grow and thrive. The company supports a diverse client base, including global cloud service providers, major e-commerce and social media companies, telecommunication service providers, financial services industries, and enterprises from various verticals.
DCI currently offers 83 megawatts (MW) of power capacity across Cibitung, Karawang and Jakarta, where clients can directly connect with 4 of the world’s biggest cloud platforms. The DCI Indonesia Platform maximizes headcount efficiency in data center operations and provides customers with improved power usage effectiveness and energy cost stability. Furthermore, DCI offers Renewable Energy Certificates (RECs), as well as green energy from biomass and solar farms as they lead the sustainability front in the industry.
Nishchal Khorana, global vice president and program leader for ICT at Frost & Sullivan, observed, “DCI Indonesia reinforces its strategic advantage with a compelling value proposition of tailored solutions and carrier-neutral facilities–the highest Tier IV service quality, best practice AI-driven operations, and competitive pricing. The company is an established data center operator with a 100% power uptime track record for over a decade, trusted by hundreds of clients in its portfolio to house their most critical IT infrastructure.”
DCI Indonesia is a member of a global business community that meets high social and environmental impact standards. With its sterling reputation and a client-centric approach at its core, it establishes ongoing trust with customers and fosters long-lasting relationships that extend throughout the data center service lifecycle. The company generates over USD $90 million in revenue, achieving at least 25% year-on-year growth with an impressive net profit margin. Its stellar growth momentum and trajectory are a testament to its service leadership, its ability to earn client trust and loyalty, and its capability to capture market share. The company is well-positioned to drive the data center service space into its next growth phase, capturing market share and sustaining its strategic leadership in the coming years.
“DCI Indonesia pioneers the highest standards, enabling its scalable, reliable, and carrier-neutral capabilities and services to meet clients’ ever-evolving digital infrastructure needs. Backed by its focus on operational excellence and sustainability, the company continues to expand in Indonesia,” added Riana Barnard, Best Practices Research Analyst.
Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.
Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare industry participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the sector.
About Frost & SullivanFor six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Contact:Tarini SinghP: +91-9953764546E: [email protected]
About DCI Indonesia PT DCI Indonesia Tbk (DCI) is the first Tier IV data center in Southeast Asia that provides secure data center infrastructure services, guaranteeing a 99.999% SLA colocation or only five minutes of downtime per year. As a neutral data center operator, DCI is supported by 70+ network service providers. DCI Platform has 7 data centers in 3 locations: Cibitung, Karawang, and Jakarta with a total potential power capacity approaching 1,000 megawatts (MW).
With world-class operating standards, and equipped with state-of-the-art data center equipment, DCI provides maximum availability for customers to access their critical assets. This includes financial institutions, network service providers, e-commerce players, cloud service providers, and companies from other sectors. DCI has maintained a 100% uptime track record since its establishment. This performance stems from the proven experience of the leadership team in information technology, data center services, and infrastructure management, spanning over 25 years.
The demand for data centers in Indonesia continues to grow rapidly. DCI responds to this by committing to build sustainable data centers across its existing and new locations.
Contact:DCI MarketingE: [email protected]
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Artificial Intelligence
Grant Cardone Lists $42M Miami Mansion on Blockchain Real Estate Platform Propy
![grant-cardone-lists-$42m-miami-mansion-on-blockchain-real-estate-platform-propy](https://roboticulized.com/wp-content/uploads/2024/07/150955-grant-cardone-lists-42m-miami-mansion-on-blockchain-real-estate-platform-propy.jpg)
American best-selling author, businessman, and investor chooses Propy’s onchain real estate platform to list Golden Beach, Florida, house.
MIAMI, July 2, 2024 /PRNewswire/ — Propy, a technology company revolutionizing real estate via blockchain and AI, today announced that high-profile American entrepreneur Grant Cardone has listed a Golden Beach, Florida, private property for sale on Propy’s blockchain-based real estate platform with an asking price of $42,000,000 accepting cryptocurrency. This marks the first venture into emerging technologies in proptech for Cardone, a serial founder, best-selling author, equity fund manager, and business and real estate investor. The home is listed on the Propy marketplace with the deed minted onchain.
Propy simplifies the home-purchasing experience and eliminates fraudulent transactions by using a decentralized title registry and an escrow settlement protocol for securely storing land records and facilitating transactions, as well as accepting or converting cryptocurrency if a buyer chooses this form of payment. Leveraging the immutability of the blockchain, Propy ensures that buyer and seller private information is secure throughout the transaction. Automating and bringing the entire process online and onchain enables closing on a property to be faster, easier, and more secure than the outdated, traditional real estate transaction model.
Commenting on the listing, Grant Cardone said, “We are all in on blockchain revolutionizing real estate. We are leveraging top-tier technology to make transactions seamless and unstoppable. This is the future of real estate, and we’re leading the charge!”
The private address is minted on PropyKeys protocol – an onchain tokenized address market developed on the Base network (Coinbase Layer 2 on Ethereum). PropyKeys brings real estate onchain through NFT home addresses and aims to bring one million home addresses onchain by 2025. The Propy marketplace also grants prospective buyers the option to pay using Bitcoin or US dollars.
Natalia Karayaneva, Founder and CEO of Propy, said, “It is a privilege for us to be the platform of choice for high-end property sellers, enhancing our offering to our community of high net-worth individuals, investors, and crypto buyers. With Propy’s advanced blockchain rails, compliant crypto and dollar payments, and unwavering focus on privacy, our clients can confidently navigate the closing process. The inclusion of Cardone’s listing in BTC and USD on Propy, minted with our latest privacy deed feature, highlights our leadership in the intersection of real estate and crypto.”
Additional details on the Cardone property are available on Propy’s website. Interested parties should contact the listing agent for viewings and further details.
Natalia Karayaneva, Founder and CEO of Propy, is available for interview upon request.
About Propy:
Propy is a US-licensed title company and a pioneering platform leveraging blockchain and AI technology to facilitate seamless transactions of real-world assets (RWA), specifically focused on revolutionizing global real estate markets. As an industry leader, Propy specializes in providing secure and efficient solutions, ensuring an enhanced experience for buying and selling properties worldwide.
Website | Facebook | X
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Artificial Intelligence
DataLend: Securities Lending Revenue Down 16% Year-Over-Year to $2.53 Billion in Q2 2024
![datalend:-securities-lending-revenue-down-16%-year-over-year-to-$2.53-billion-in-q2-2024](https://roboticulized.com/wp-content/uploads/2024/07/150957-datalend-securities-lending-revenue-down-16-year-over-year-to-2-53-billion-in-q2-2024.jpg)
Global revenue declines year-over-year due to lagging equities performance in the U.S. and EMEA
NEW YORK, July 2, 2024 /PRNewswire/ — The global securities finance industry generated $2.53 billion in revenue for lenders in the second quarter of 2024, according to DataLend, the market data service of fintech EquiLend. The figure represents a 16% decrease from the $3.00 billion generated in Q2 2023.
Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, generated an additional $696 million in revenue during Q2, a 9% decrease year-over-year.
Regionally, equity revenue fell 33% in EMEA and 19% in North America compared to the same period last year. A 22% decline in fees in North America and a 23% dip in EMEA accounted for the majority of the decreased revenue. Equity revenue in APAC increased 8% thanks to a 13% increase in fees.
Global fixed income performance declined by 11% in Q2 year-over-year. While revenue from government securities was roughly flat, corporate debt revenue fell by 32%, a regression of a trend which saw corporate bonds running hot through much of 2022 and 2023.
In June 2024, the global securities finance industry generated $790 million in revenue for lenders. The figure represents a 11% decrease year-over-year from the $888 million generated in June 2023. Broker-to-broker activity totaled an additional $207 million in revenue in June, also an 11% decrease year-over-year.
The top five earners in June 2024 were Lucid Group (LCID US), Trump Media & Technology Group (DJT US), Canopy Growth Corporation NPV (CGC US & WEED CN), Beyond Meat Inc. (BYND US) and ImmunityBio Inc. (IBRX US). In total, the group generated $56 million in revenue in the month.
Bloomberg Terminal users can subscribe to EquiLend’s exclusive Orbisa securities lending data by entering terminal shortcut APPS ORBISA or clicking the following link: https://blinks.bloomberg.com/screens/apps%20orbisa.
About DataLend
DataLend, the market data service within EquiLend’s Data & Analytics Solutions group, tracks daily market movements across more than 200,000 securities, covering $35 trillion in lendable assets and $2.6 trillion in on-loan assets for the securities finance market. www.datalend.com
About EquiLend
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. With offices in North America, EMEA and Asia-Pacific, EquiLend operates across various jurisdictions worldwide, adhering to the highest regulatory standards. The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified™ in the U.S., UK, Ireland and India and has been honored as the Best Post-Trade Service Provider Globally, Best Market Data Provider Globally and for its outstanding Diversity & Inclusion initiatives in the Securities Finance Times Industry Excellence Awards 2023. www.equilend.com
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