Cervical Total Disc Replacement Industry - Regional Synopsis
On the basis of geographical analysis, the global cervical total disc replacement market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is predicted to dominate majority revenue share by 2037, on the back of large patient pool, increasing usage of sophisticated disc replacement technologies and rising government expenditure for healthcare. Furthermore, the market in the North America is evaluated to occupy the largest share by the end of 2037 ascribing to the high healthcare spending, favorable medical insurance and reimbursement policies and strong presence of market players in the region. Europe is also anticipated to grab a significant market share owing to the growing geriatric population and early adoption of the devices in the region. As per the European Union, more than one fifth, i.e., 20.6 percent of the population in the EU was aged 65 and above in the year 2020. The share of people aged 80 years or above in the EU’s population is projected to have a two-and-a-half-fold increase between 2020 and 2100, from 5.9 % to 14.6 %.
