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Scoliosis Management Market Analysis | CMI

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Scoliosis Management Market Analysis | CMI

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. SCOLIOSIS MANAGEMENT MARKET ANALYSIS • Scoliosis Management Market, by Product Type (Soft Braces, Rigid Braces, and Composite Braces & Others), Spinal Location (Thoracolumbosacral Orthosis (TLSO), Cervical Thoracic Lumbar Sacral Orthosis (CTLSO), Lumbosacral Orthosis (LSO), and Others), by Demographics (Adult and Pediatric), by Disease Type (Infantile Idiopathic Scoliosis, Juvenile Idiopathic Scoliosis, Adolescent Idiopathic Scoliosis, Neuromuscular Scoliotic Curves, Congenital Scoliotic Curves, and Adult Scoliosis), by End User (Hospitals & Clinics, Retail Channel, and Online Channel), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  3. The global Scoliosis Management Market was valued at US$ 2,267.8 Mn in 2017 and is expected to witness a CAGR of 4.1% during the forecast period (2018 – 2026).

  4. Global Scoliosis Management Market Share (%), By Spinal Location, 2018 & 2026

  5. Market Drivers • Increasing prevalence of scoliosis, worldwide is expected to drive the market growth during the forecast period • The growth of scoliosis management market is majorly driven by the increasing prevalence of scoliosis, worldwide. For instance, according to the American Association of Neurological Surgeons (AANS): 2007, around 2–3% of the population is suffering from scoliosis in the U.S. alone with estimates of six to nine million people. Moreover, according to the same source, every year, around 600,000 patients visit private facilities, over 30,000 adolescents use braces, and around 38,000 patients have undergone spinal fusion surgeries in the U.S. • According to the AANS, primary age of onset for scoliosis is 10-15 years old, occurring equally among both genders. Females are eight times more likely to progress to a curve magnitude that requires treatment.

  6. According to an article published in the Journal of Back and Musculoskeletal Rehabilitation in 2014, scoliosis occurs in around 3% of people globally, most commonly among girls. Moreover, increasing government and private intervention in the field of research and clinical studies have also propelled scoliosis management market growth significantly. • For instance, in 2013, the National Institutes of Health trial study found that bracing considerably decreases the risk of curve progression and the need for surgery in adolescents with idiopathic scoliosis. Success rates of around 90 to 93 percent decrease in the curve progression, after wearing a brace for over an average of 13 hours per day, was observed in the trial study. This study was supported by the Canadian Institutes of Health Research, Shriners Hospitals for Children, the University of Rochester, and the Children’s Miracle Network.

  7. Global Scoliosis Management Market Share (%), By Demographics, 2018 & 2026

  8. Development of new technologies for scoliosis management is expected to aid in the market growth • Market players in this market are engaged in developing new technologies for scoliosis management by adopting organic and inorganic growth strategies. For instance, in 2015, researchers from the Xiao Feng Spinal Deformity Studio and National Rehabilitation Aids Research Center in Beijing created country's first customized 3D printed back brace for the treatment of scoliosis. • Furthermore, market players are engaged in developing new technologies, in order to hold dominant position in the market. For instance, in September 2018, NuVasive, Inc. launched MAGEC X, the latest product within the MAGEC pediatric portfolio to address early-onset scoliosis (EOS) in the U.K. MAGEC X offers 68% improved fatigue-strength performance over the conventional 4.5mm option. • In June 2014, 3D Systems successfully completed a pilot program for its new Bespoke Braces, a first of its kind, personalized, 3D printed brace for children and young adults with scoliosis and subsequently, launched its 3D printed bespoke braces for scoliosis treatment.

  9. Market Restraints • However, high cost of treatment or procedures associated with scoliosis is expected to hinder growth of the market during the forecast period. For instance, according to a study published in The Spine Journal 2010, the average mean costs of non-surgical care for adult scoliosis were estimated to be as high as US$ 14,000 for duration of 2 years. • People with degenerative scoliosis will often have more complaints of back pain and leg pain. This is related to arthritis in the back and possible compression of the nerve roots that lead to the legs. People who fail to improve with these treatments may benefit from surgery. However, the cost of scoliosis surgery can be high. According to the Spinal Cord Society of surgeons, an average cost per operation (rod implants to straighten the spine) is US$ 150,000 and may be higher or lower depending on the individual procedure.

  10. Segment Information • Among region, North America is expected to be the most lucrative region in the scoliosis management market over the forecast period due to presence of prominent market players in this market and their increasing engagement in adopting organic and inorganic growth strategies. For instance, Alphatec Spine Inc., a California-based medical device company engaged in designing, developing, manufacturing, and marketing of spinal fusion technology products and solutions, launched its new Arsenal Deformity Adolescent Idiopathic Scoliosis (AIS) System in the U.S. • Moreover, increasing number of scoliosis surgery procedures conducted in the U.S. supports growth of the market. For instance, according to the World Journal of Orthopedics: 2015, around 29,000 scoliosis surgeries are performed on adolescents annually in the U.S.

  11. Key Players • Key players operating in the scoliosis management market include Boston Orthotics & Prosthetics, Aspen Medical Products, Lawall Prosthetics and Orthotics, Horton’s Orthotics & Prosthetics, Spinal Technology Inc., Ortholutions GmbH & Co. KG, Ossur Hf, Charleston Bending Brace, UNYQ, and Pro-Tech Orthopedics.

  12. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Reference : https://www.coherentmarketinsights.com/market-insight/scoliosis-management-market-1842

  13. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  14. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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