Scoliosis Management Market Report 2023: Market to Grow by $1 Billion by 2030
The Scoliosis Management market is set for a rapid growth over the forecast period. In terms of revenue, The global market for Scoliosis Management estimated at US$2.8 Billion in the year 2022, is projected to reach a revised size of US$3.8 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2022–2030. Scoliosis is a medical disorder causing deformities in spine especially sideway curvature forming S or C shape in the spinal region. Scoliosis generally occurs during the pre-puberty phase. The major cause of scoliosis are primarily due to disorders such as muscular dystrophy and cerebral palsy, and are most common causative conditions, and other cause of scoliosis is still unknown. In early cases, scoliosis is minor, however if untreated or unresolved may lead to severe deformities. Scoliosis results in reducing space within chest cavity, thus, causes difficulties in the proper functioning of lungs. The other factors such as environmental factors and genetic factors can also cause scoliosis. In addition, scoliosis management consists of complex procedures for correcting the shape of the spine and management steps are selected based on the level of severity of the disorder and bone maturity coupled with the degree of progression of scoliosis which may differ in males and females.
Scoliosis Management Market: Overview
The primary reasons for the occurrence of the scoliosis are having the disorders such as cerebral palsy and muscular dystrophy. In the early stage, scoliosis is minor, but if not treated may lead to severe deformities. In extreme cases, the abnormal curvature can progress and have an effect on the heart or the lung functioning in the thoracic spine.
Scoliosis Management Market: Facts
Adult scoliosis is a condition where the adults have an abnormal curvature of the spine after their complete growth. It is quite natural for the spine to curve backward or forward to a certain degree but when the development of the curve is “S” shaped it is considered to be scoliosis. Majority of the people that are suffering from scoliosis are from the United States which is due to untreated or unrecognized childhood scoliosis.
Scoliosis Management Market: Segmentation
The global market for the scoliosis management is fragmented into the type of the diseases, product, distribution channel, and the age. Based on the type of diseases, the global market is segregated into juvenile idiopathic scoliosis, infantile idiopathic scoliosis, and adolescent idiopathic scoliosis. Based on the product type, the market is categorized into thoracolumbosacral orthosis, cervical thoracic lumbar sacral orthosis, and lumbosacral orthosis. Based on the distribution channel, the market is divided into online pharmacies, hospitals & clinics, and retail pharmacies. Based on the age group, the market is bifurcated into pediatric and adult.
Scoliosis Management Market: Growth Factors
The key factor that is driving the scoliosis management market is the increasing prevalence of scoliosis in the people across the world. There is an alarming rate of the population that is suffering from scoliosis and many adolescent people are using braces and have undergone spinal fusion surgeries. These are factors that are increasing the demand for the scoliosis management market. There are some factors that will limit the growth of the market which includes the increased price of the procedures, absence of the trained professional, lack of knowledge about the treatment, and the adverse reimbursement policies.
Scoliosis Management Market: Regional Analysis
It is expected that North America will hold the largest market share which will be followed by Western Europe due to the factors such as rise in the awareness of the people and presence of the advanced healthcare infrastructure. In Asia Pacific region, the market will grow significantly due to the rise in the healthcare expenditure and the quick availability of the management options. Furthermore, the increased technological developments and the rise in the product launches also favors the growth of the market in this region.
Scoliosis Management Market: Competitive Players
The key market players that are involved in the scoliosis management market include -
- Chaneco
- Orthotech
- L.A. Brace
- DJO
- LLC
- Lawall Prosthetics and Orthotics
- Aspen Medical Products
- C H Martin Company
- Spinal Technology
- Wellinks
- Boston Orthotics & Prosthetics
- Original Bending Brace
- Trulife
- Össur
- Wilmington Orthotics & Prosthetics
- Horton’s Orthotics & Prosthetics
- UNYQ
- Optec USA
- Ortholutions GmbH & Co. KG
- Pro-Tech Orthopedics.
Scoliosis Management Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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