(MENAFN- America News Hour) CRIFAX added a report on 'North America Spinal Surgery Devices Market, 2020-2028' to
its database of market research collaterals consisting of overall market
scenario with prevalent and future growth prospects, among other growth
strategies used by key players to stay ahead of the game. Additionally, recent
trends, mergers and acquisitions, region-wise growth analysis along with
challenges that are affecting the growth of the market are also stated in the
report.
The rising prevalence of health related diseases and
disorders raises the demand for better healthcare services and technologically
advanced equipment and treatment methods. In order to operate these, the
requirement for highly qualified medical professionals increases and thus
generates high employment opportunities in the region. According to statistics published
by the U.S. Bureau of Labor Statistics, the rate of employment of various
medical professionals in the healthcare industry is anticipated to grow by 14%
between 2018 and 2028.
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Further, about 1.9
million jobs in the industry were estimated to be added during this period in
the United States. The highest median annual wage was recorded to be USD
208,000 or more for physicians and surgeons in 2018. Similarly, the recorded
median annual pay for other healthcare occupations in May 2018 was USD 158, 240
for dentists, USD 126,120 for physicians, USD 84,270 for occupational
therapists and USD 29,740 for various healthcare support occupations such as
home health aides and medical transcriptionists.
The greater demand for medical services and healthcare
facilities in the North
America region is estimated to considerably impact the growth ofNorth
America Spinal Surgery Devices Marketin the region between 2020 and 2028. Moreover,
the increased spending by the population in countries such as United States and Canada is further leading
to the growth of this industry. The health expenditure per capita based on the
purchasing power parity (PPP) in United States rose significantly from USD
9,053.43 in 2014 to USD 9,869.74 in 2016, while it went from USD 4,529.36 in
2014 to USD 4,718.30 in 2016 in Canada, according to the World Health
Organization. The personal healthcare expenditure in United States, as stated
by the Centers for Disease Control and Prevention, was estimated to increase by
an annual percent change of 4.6% during 2006-2016 with total spending of USD
1,804 Billion in 2006 which augmented to USD 2,834 Billion in 2016. This can be
attributed to the substantial demand for novel medical technologies and
healthcare assistance in North
America.
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Furthermore, to provide better
understanding of internal and external marketing factors, the multi-dimensional
analytical tools such as SWOT and PESTEL analysis have been implemented in the North America Spinal Surgery
Devices Market report. Moreover, the report consists of market
segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y growth
(%), Porter's five forces analysis, absolute $ opportunity and anticipated cost
structure of the market.
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We offer wide range of unique marketing research solutions ranging from customized and syndicated research reports to consulting services, out of which, we update our syndicated research reports annually to make sure that they are modified according to the latest and ever-changing technology and industry insights. We offer our services across various sectors- Healthcare, IT & Telecommunications, and Energy & Power.
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