The Kyphoscoliosis Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Kyphoscoliosis Treatment Global Market Report 2024, The kyphoscoliosis treatment market size has grown strongly in recent years. It will grow from $2.89 billion in 2023 to $3.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to exploration of regenerative medicine, genetic research contributions, telemedicine and remote monitoring, advancements in rehabilitation programs..
The kyphoscoliosis treatment market size is expected to see strong growth in the next few years. It will grow to $3.84 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to personalized treatment approaches, expansion of biomechanical research, remote monitoring and telehealth services, continued genetic research.. Major trends in the forecast period include advanced surgical techniques, innovative bracing technologies, customized treatment plans, adoption of 3d printing, pain management innovations..
The rising number of spinal cord injuries is expected to propel the growth of the kyphoscoliosis treatment market going forward. Spinal cord injuries refer to any trauma, damage, or harm to the spine’s structures, including the bones (vertebrae), intervertebral discs, ligaments, muscles, nerves, and other supporting structures, which result in the emergence of kyphoscoliosis and ultimately cause alterations in spinal alignment. Treatment for kyphoscoliosis associated with spinal cord injuries involves a comprehensive approach, including orthopedic evaluation, physical therapy, bracing, potential surgery, pain management, and a multidisciplinary healthcare team focusing on patient education and individualized care plans. For instance, in October 2022, according to a report published by the New Zealand Spinal Trust, a New Zealand-based non-profit organization dedicated to assisting individuals with spinal cord injuries, the incidence of sporting and recreational spinal cord injuries (SCI) experienced a rise, increasing from 14% in 2020 to 19% in 2021. Wheeled non-motorsports (such as mountain biking and cycling) accounted for 25% of these injuries, followed by water-related accidents (18%) and horse-related accidents (14%). Therefore, the rising number of spinal cord injuries is driving the growth of the kyphoscoliosis treatment market.
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The kyphoscoliosis treatment market covered in this report is segmented –
1) By Type: Postural Kyphosis, Scheuermann’s Kyphosis, Congenital Kyphosis
2) By Treatment: Medications, Surgery And Bracing
3) By End-User: Hospital, Clinics, Ambulatory Surgical Centers
Major companies operating in the kyphoscoliosis treatment market are developing innovative products, such as the MARVEL growing rod system, designed specifically for early-onset scoliosis. The MARVEL Growing Rod System is a posterior stabilizing rod that may be surgically implanted and periodically stretched by hand-operated mechanical actuation. For instance, in July 2023, Globus Medical Inc., a US-based medical device company, launched MARVEL Growing Rod System. It is intended to help patients under 10 with early-onset scoliosis achieve and sustain correction while permitting ongoing development using minimally invasive distraction. It offers substantial diversion, immediate tactile feedback, and automated locking, enabling dependable growth. One of the cutting-edge items is the Growing Rod System, which is anticipated to aid in the future expansion of the business.
The kyphoscoliosis treatment market report table of contents includes:
1. Executive Summary
2.Kyphoscoliosis Treatment Market Characteristics
3.Kyphoscoliosis Treatment Market Trends And Strategies
4.Kyphoscoliosis Treatment market analysis
5.Kyphoscoliosis Treatment Market Size And Growth
6.Kyphoscoliosis Treatment Segmentation
7.Kyphoscoliosis Treatment Regional And Country Analysis
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27.Kyphoscoliosis Treatment Competitive Landscape And Company Profiles
28.Kyphoscoliosis Treatment Key Mergers And Acquisitions
29.Kyphoscoliosis Treatment Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Johnson & Johnson Services Inc.
- Aspen Medical Products LLC
- Medtronic PLC
- Stryker Corporation
- Milwaukee Brace Company
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