Early Marginal osteophytes at C4 to C6 vertebrae

Hi
age of the patient- 35 (male)
The MRI report diagnosis says:
Early marginal osteophytes at c4 to c6 vertebrae.
Posterocentral disc bulge made out at c5-c6 leavel with broad based posteroccentral subligamentous disc extrusions showing a minimal right paramedian extension mildly compressing the anterior thecal sac,cord, the left traversing as well as exiting nerve roots contributed by marginal foraminal extension of this disc on the left with relative left perineural fat effacement. The extruded disc is seen adjacent to the contagious end plates of c5, c6 vertebrae but shows a predominant caudal migration. this is relative spinal canal compromise at this level contributed also by the posterior marginal osteophytes at the c5, c6 vertebrae.

My concerns around these are:
1. does it require a surgery? if yes, what is the risk factor involved?
2. How many days of recovery?
3. what are the long term effect/side effects of this on health?