North American Market Forecast
North America industry is set to hold largest revenue share by 2037. The growth of the market can be attributed majorly to the escalation in the number of people living with traumatic brain injuries. For instance, in 2020, more than 60,000 people lost their lives due to traumatic brain injuries solely in the USA while approximately 150 death occurs on a daily basis in the same region. The increasing number of accidents on road cause brain damage or brain injury. The growing number of brain surgeries owing to infection, cancer, or side effect of any disease are estimated to rise market growth. Accidents in sports are also rising owing to the increasing preference of people for fitness and physical activity. Brain diseases can also be caused by genetic disorders that occur during birth.
APAC Market Statistics
Moreover, the second largest market share is occupied by the Asia Pacific region. The growth of the market is attributed to the increasing prevalence of diseases, improvement in the healthcare sector, and growing awareness of treatment among people. The rising healthcare infrastructure and facilities in the countries of the Asia Pacific region including China and India play a major role in the market growth. As per the research, it is reported that the healthcare expenditure of China in 2020 was estimated to be USD 1 trillion
Author Credits: Radhika Pawar
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