Prosperity of Industrialization to Drive Scoliosis Treatment Market Predicted to Grow Robustly during 2021 2030

In a recent published report, Kenneth Research has updated the market report for Prosperity of Industrialization to Drive Scoliosis Treatment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Prosperity of Industrialization to Drive Scoliosis Treatment Market products.

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.

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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.

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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.

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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

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