Scoliosis Treatment Market Growth, Statistics, Outlook, Opportunities and Forecast to 2027
Scoliosis Treatment Market-Overview
The increased frequency of scoliosis treatment is predicted to motivate the global market in the forecast period. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. The market is set to register a 3.9% CAGR during the forecast period.
The improvement in treatment methods is estimated to create traction in the progress of the scoliosis treatment market share in the forecast period. The improvement in the specialty of professionals in the field will further motivate the global market in the near future.
The segmentation of the Scoliosis Treatment Market is carried out on the basis of disease, product, distribution channel, and region. The distribution channel segment of the scoliosis treatment market has been segmented into retail pharmacies, hospitals & clinics, and online pharmacies. The region segment of the scoliosis treatment market has been segmented into the Asia Pacific, the Americas, Europe, and the Middle East & Africa. The disease segment of the scoliosis treatment market has been segmented into adolescent idiopathic scoliosis treatment and infantile idiopathic scoliosis treatment. The product segment of the scoliosis treatment market has been segmented into cervical, thoracic, lumbar-sacral orthosis (CTLSO), thoracolumbosacral orthosis (TLSO), and lumbosacral orthosis (LSO).
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Detailed Regional Analysis
The regional scrutiny of the scoliosis treatment market has been segmented into the Asia Pacific, the Americas, Europe, and the Middle East & Africa. The scoliosis treatment market in the Americas regional market is estimated to direct the worldwide market owing to the collective per capita healthcare spending and the elevated adoption of contemporary technology in the region. Elevated cases of scoliosis treatment in Canada and the US are predicted to drive the scoliosis treatment market growth. Also, increasing expenditure in research by healthcare organizations is anticipated to fuel the advance of the scoliosis treatment market in this region. The scoliosis treatment market in the European region showed extensive development in the forecast period. The scoliosis treatment market in the region of the Asia Pacific is projected to have a stable progress rate in the forecast period due to the collective requirement for spine surgeries and collective government advantages for healthcare reforms. The scoliosis treatment market in the region of the Middle East & Africa is anticipated to be responsible for the minimum share of the worldwide market due to minimal disposable revenue in the region.
The competition in the market is estimated to flare-up following the disruption created by the COVID- pandemic. The emphasis on ensuring sustainability in long-term operations is estimated to be a key cause for development in the upcoming period. The trends in the market are estimated to bolster the progress in the worldwide market. The tendency to invest and expand capacities is estimated to create a promising scope for the market in the impending years. The change in several regulations that are running the development of the market is estimated to impact the innovations that can be seen in the global market. The increased contribution of online channels towards the swell in transactions is predicted to further encourage the advancement of the market in the future. The government intervention in the creation of opportunities that can incentivize the development of key regions in the market is predicted to further add an optimistic touch to the proceedings in the market.
The important contenders in the scoliosis treatment market are C H Martin Company, Charleston Bending Brace, Horton’s Orthotics & Prosthetics, Aspen Medical Products, Lawall Prosthetics and Orthotics, Össur, NuVasive, Spinal Technology, Inc., Orthotech, Chaneco, Boston Orthotics & ProstheticsTrulife, DJO, Wilmington Orthotics & Prosthetics, Inc., UNYQ, Optec USA, Inc., SPINEFORM LLC, and Zimmer Biomet Holdings Inc.
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Feb 2021 OrthoPediatrics Corp. a corporation concentrating exclusively on evolving the field of pediatric orthopedics and which has extended its operational reach over the last year to aid more children globally, announced the introduction of APIFIX.COM, a new connected presence intended at notifying patients, families, and healthcare benefactors of a feasible new substitute for the therapy of progressive adolescent idiopathic scoliosis treatment (AIS). Moreover, the Company has recruited 20 important clinical centers in the United States to record data connected to the use of the ApiFix system into a post-approval study registry presented by the Pediatric Spine Study Group.
Mar 2021 Orthofix Medical Inc., a worldwide medical device company with a spine and extremities emphasis, declared the introduction of a national recycling program to advance sustainability strengths. The innovative program permits Orthofix patients to reprocess their devices for non-medical usage once they complete therapy. Orthofix’s new program delivers patients with directives and prepaid shipping to mail their used CervicalStim, PhysioStim, and SpinalStim therapy devices to Orthofix’s recycling associate to recycle the resources and components in the device for non-medical usage. These devices, like others in their category, can be tossed out of incorrectly, and it is Orthofix’s goal to make an easy-to-use path to facilitate recycling.
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