Scoliosis Treatment Market Overview:
It is estimated that 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 causes the spine to curve to one side and can affect any part of the spine, but the most commonly affected areas are at the level of the chest and the lower back.
The scoliosis treatment market is driven by various factors such as the increasing prevalence of scoliosis surgeries, increasing demand for spine surgeries, the high adoption rate of braces, and the growing prevalence of musculoskeletal disorders. However, the high cost of treatment or procedures and limited understanding of the disorder and available treatment options are expected to curb the growth of the scoliosis treatment market statistics. The global scoliosis treatment market is currently dominated by numerous market players. The key players are involved in product launches and strategic collaborations to strengthen its market position. For instance, in July 2018, NuVasive Launched MAGEC X for early-onset scoliosis treatment. The latest advancement of MAGEC delivers improved rod strength together with internal rod mechanism advancements.
Scoliosis Treatment Market Players:
- Boston Orthotics Prosthetics
- Chaneco
- Charleston Bending Brace
- Orthotech
- Trulife
- Össur
- DJO
Scoliosis Treatment Market Segmentation:
The global scoliosis treatment market has been segmented based on disease, product and distribution channel. The market, based on disease, has been further divided into infantile idiopathic scoliosis and adolescent idiopathic scoliosis. The adolescent idiopathic scoliosis segment is likely to hold a major share in the market due to the increasing prevalence of scoliosis in the adults majorly.The product segment has been segmented into cervical thoracic lumbar sacral orthosis (CTLSO), thoracolumbosacral orthosis (TLSO), and lumbosacral orthosis (LSO). The cervical thoracic lumbar sacral orthosis (CTLSO) is predicted to be the fastest-growing due to increasing demand for spine surgeries. The distribution channel segment has been categorized as hospitals clinics, retail pharmacies, and online pharmacies.
Scoliosis Treatment Market Regional Analysis:
Geographically, scoliosis treatment market is segmented into North America, Europe, Asia-Pacific and Middle East Africa.
The Americas scoliosis treatment market is expected to hold a dominating share due to the increasing expenditure on healthcare research, especially in North America. In the U.S. and Canada, increasing per capita income as well as increased expenditure on healthcare and availability of advanced technology are factors that will be responsible for driving the scoliosis treatment market in the region.
Scoliosis treatment market in Europe is expected to grow at a significant rate due to the presence of a robust healthcare system, strong infrastructure for research and development and presence of critical companies dealing in scoliosis treatment.
Rising awareness about the condition and its treatment in Asia-Pacific is expected to boost scoliosis treatment market in the region. Increasing government initiatives for a more reliable healthcare system and demand for spine surgeries will help to augment market growth.
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.
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