CERVICAL SPONDYLOSIS TREATMENT MARKET ANALYSIS

Regional Analysis

Cervical Spondylosis Treatment Market Regional Insights

• In 2023, North America dominated the cervical spondylosis treatment market in terms of revenue share, followed by Europe and Asia Pacific. The growth in the North America region is attributed to factors such as the high prevalence of cervical spondylosis, the availability of advanced healthcare infrastructure, and the presence of key market players. It is estimated to hold around 36.7% of the global market share. For instance, according to the StatPearls journal, in May 2023, cervical spondylosis was considered a natural process of aging with a 95% prevalence by the age of 65 years in the U.S. Most people remain asymptomatic but can suffer from axial neck pain, as well as with cervical radiculopathy and/or cervical myelopathy.
• Europe is also a significant market for cervical spondylosis treatment, owing to the high prevalence of cervical spondylosis in the region and the availability of advanced healthcare infrastructure. The growing geriatric population in the region is also driving the demand for cervical spondylosis treatment. Europe is estimated to hold approximately 30.7% of the global market share.
• Asia Pacific is expected to witness significant growth in the cervical spondylosis treatment market during the forecast period owing to factors such as the increasing prevalence of cervical spondylosis, the growing geriatric population, and the development of healthcare infrastructure in emerging economies. The market in the Asia Pacific region is estimated to capture around 25.2% of the global market share.

Figure 1. Global Cervical Spondylosis Treatment Market Share (%), By Region, 2023

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East:  GCC, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa