Prosperity of Industrialization to Drive Scoliosis Treatment Market Growing Rapidly with Modern Trends, Development, Investment Opportunities, Share, Revenue, Demand and Forecast 2022 to 2031
Kenneth Research, in its repository of market research reports, have recently added a report on Prosperity of Industrialization to Drive Scoliosis Treatment Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Prosperity of Industrialization to Drive Scoliosis Treatment Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
The Global Scoliosis Treatment Market is expected to register a CAGR of ~ 3.9% during the forecast period of 2019 to 2025 with a market value of USD 2,580.2 million in 2018.Scoliosis is an abnormal curve in the spinal cord. Depending on the severity of the curve and the risk of it deteriorating, scoliosis can be treated with bracing or surgery. There is no cure for scoliosis, but the pain can be alleviated. The global scoliosis treatment market is driven by factors such as the increasing prevalence of scoliosis and the high adoption rate of braces to reduce the severe pain.
Download Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10159207
Additionally, the growing demand for spine surgeries coupled with the growing incidence of musculoskeletal disorders are anticipated to fuel the market growth. For instance, as per the National Scoliosis Foundation (NSF), around 2% to 3% of the general population, approximately 7 million people, encounter scoliosis in the US. On the other hand, the high cost of treatment or procedures is projected to hamper the growth of the market during the assessment period. Moreover, major companies in the market are involved in strategic product approvals, acquisitions, collaborations, and mergers to sustain their position in the market.
For instance, in August 2019, Zimmer Biomet Holdings Inc. announced it had received FDA approval of ‘Tether,’ the first spinal device intended for children and adolescents to correct idiopathic scoliosis that has not responded to conservative treatment
Segmentation
The global scoliosis treatment market has been segmented based on disease, product, distribution channel, and region. The market, based on disease, has been bifurcated into infantile idiopathic scoliosis and adolescent idiopathic scoliosis. The product segment has been further divided into cervical, thoracic, lumbar-sacral orthosis (CTLSO), thoracolumbosacral orthosis (TLSO), and lumbosacral orthosis (LSO). The distribution channel segment has been segregated into hospitals & clinics, retail pharmacies, and online pharmacies.
The market has been classified, by region, like the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The scoliosis treatment market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European scoliosis treatment market has been sub-divided into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The scoliosis treatment market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The scoliosis treatment market in the Middle East & Africa has been categorized as the Middle East and Africa.
Download Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10159207
Key Players
Boston Orthotics & Prosthetics
Chaneco
Charleston Bending Brace
Orthotech
Trulife
Össur
DJO
SPINEFORM LLC
Wilmington Orthotics & Prosthetics, Inc.
Lawall Prosthetics and Orthotics
Horton’s Orthotics & Prosthetics
Aspen Medical Products
UNYQ
C H Martin Company
Optec USA, Inc.
Spinal Technology, Inc.
Zimmer Biomet Holdings Inc.
NuVasive
Regional Market Summary
Source: World Health Organization (WHO)
The market in the Americas is expected to dominate the global scoliosis treatment market due to the increasing per capita healthcare expenditure and the high adoption of new technology in the region. High cases of scoliosis in the US and Canada is expected to drive the market growth.
Furthermore, increasing expenses in research by healthcare bodies is expected to fuel the growth of the market in this region. The market in Europe showed a considerable amount of growth. This can be attributed to the presence of a well-established healthcare system, the advancement of technology, and the involvement of critical companies. For instance, in January 2016, NuVasive Inc., acquired Ellipse Technologies the acquisition of Ellipse will aggressively insert NuVasive into early-onset and idiopathic scoliosis, an important and attractive part of the spinal deformity market for NuVasive where it has tremendous opportunities for accelerated growth in the scoliosis treatment market.
Request For Full Report- https://www.kennethresearch.com/sample-request-10159207
Therefore, the market is expected to grow during the forecast period. The market in Asia-Pacific is projected to have a steady growth rate during the forecast period owing to the increasing demand for spine surgeries and increasing government initiatives for healthcare reforms. The market in the Middle East & Africa is projected to account for the least share of the global market due to low disposable income in the region.
Global scoliosis Treatment Market, by Disease
Infantile Idiopathic Scoliosis
Adolescent Idiopathic Scoliosis
Global Scoliosis Treatment Market, by Product
Cervical Thoracic Lumbar Sacral Orthosis (CTLSO)
Thoracolumbosacral Orthosis (TLSO)
Lumbosacral Orthosis (LSO)
Global Scoliosis Treatment Market, by Distribution channel
Hospitals & Clinics
Retail Pharmacies
Online Pharmacies
Global Scoliosis Treatment Market, by Region
Americas
North America
US
Canada
Latin America
Europe
Western Europe
Germany
France
Italy
Spain
UK
Rest of Western Europe
Eastern Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Middle East
Africa
Intended Audience
Medical device companies
Government research institutes
Academic institutes and universities
Venture capitalists
About Us
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us
Name: Kenneth research
Email:sales@kennethresearch.com
Phone: +1 313 462 0609
Cardiomyopathy Medication Market
Skin Tightening Market
Implantable Cardioverter Defibrillator (ICD) Market
Hormonal Implants Market
Pompe Disease Treatment Market
Prosperity of Industrialization to Drive Scoliosis Treatment Market