Scoliosis Management Market
Number of pages: 100 | Report Format: PDF | Published date: January 23, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market Size Value in 2021 |
US$ 2.2 billion |
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Revenue Forecast in 2030 |
US$ 3.21 billion |
|
CAGR |
4.3% |
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Base Year for Estimation |
2021 |
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Forecast Period |
2022-2030 |
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Historical Year |
2020 |
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Segments Covered |
Product Type, Disease Type, Patient Group, And Region |
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Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global scoliosis management market was valued at US$ 2.2 billion in 2021 and is expected to register a revenue CAGR of 4.3% to reach US$ 3.21 billion by 2030.
Scoliosis Management Market Fundamentals
Scoliosis is a spinal condition resulting in an unnatural spine or backbone curve. Most often, it is discovered during early adolescence or childhood. An individual with scoliosis has a sideways curving spine that forms a C or S shape. While some of the key causes of scoliosis include environmental and inherited factors, the exact reason for the same is unknown. Ailments such as Marfan syndrome, tumors, muscle spasms, and cerebral palsy can be some of the additional reasons for the condition.
The onset of adolescent scoliosis ranges from 10 to 18 years of age. Although the causes are unknown, the condition may be brought on by hormonal imbalance and asymmetry in muscle growth and size. Physical therapy and treatments are provided if the degree of the curve is between 10° and 20 °. The devices used to correct the deformity must be worn by patients for 22 to 23 hours each day, which stiffens their bodies and causes skin irritation and rashes. Furthermore, it strains the chest and abdomen, damaging the process of breathing and reducing oxygen delivery to the lungs.
The increasing cases of scoliosis worldwide, especially among children, have increased the demand for scoliosis braces. More than 600,000 primary care physicians each year see patients with scoliosis, an estimated 30,000 children need braces, and 38,000 patients undergo spinal fusion surgery.
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Scoliosis Management Market Dynamics
The global scoliosis management market revenue share is expected to show significant growth during the forecast period due to high prevalence of scoliosis, increase in the acceptance rate of braces, and technological advancements in tracking devices that can monitor patient health. Furthermore, increasing demand for minimally invasive treatments is driving the demand for scoliosis management. Additionally, growing government support for improving healthcare infrastructure is driving the scoliosis management market revenue to some extent.
The global scoliosis management market revenue is expected to be driven by increased adoption of orthopedic implants, rise in the number of scoliosis surgeries, and development of MRI-addressed scoliosis spinal systems. Moreover, rising prevalence of congenital and idiopathic scoliosis, especially among adolescents, is projected to drive the global scoliosis management market revenue during the forecast period.
However, the revenue growth of the global scoliosis management market is expected to be restrained due to shortage of qualified professionals, inadequate reimbursement policies, and lack of awareness about the disease and available treatment solutions.
Scoliosis Management Market Ecosystem
The global scoliosis management market has been analyzed from four perspectives: product type, disease type, patient group, and region.
Scoliosis Management Market by Product Type
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Based on the product type, the global scoliosis management market is segmented into the spinal system and orthosis system. The orthosis system is further sub-segmented into cervical thoracic lumbar sacral orthosis (CTLSO), thoracolumbosacral orthosis (TLSO), and lumbosacral orthosis (LSO).
The thoracolumbosacral orthosis (TLSO) segment accounts for the largest revenue share of the global scoliosis management market. TLSO provides the greatest amount of external stabilization for a patient with scoliosis to the thoracic and lumbar regions of the spine. TLSO braces apply pressure on scoliosis-related curves and help in stopping the curve's progression. The Boston brace is currently the scoliosis brace that is most frequently prescribed (Boston Orthotics & Prosthetics).
Scoliosis Management Market by Disease Type
Based on the disease type, the global scoliosis management market is segmented into idiopathic scoliosis, neuromuscular scoliosis, and degenerative scoliosis.
The idiopathic scoliosis segment dominates the global scoliosis management market in terms of revenue share. Around 4 in 100 teenagers have adolescent idiopathic scoliosis, which is the most prevalent type of scoliosis and affects youngsters between the age of 10 and 18.
Scoliosis Management Market by Patient Group
Based on the patient group, the global scoliosis management market is segmented into pediatrics and adults.
The pediatrics segment accounts for the largest revenue share in the global market. The dominance of this segment can be attributed to rise in the prevalence of the condition in newborns and young children between the ages of 1 and 10 before puberty (early-onset scoliosis). According to the National Scoliosis Foundation, scoliosis often manifests between the ages of 10 and 15 in both sexes equally. At this age, scoliosis tends to advance more rapidly, meaning it does not go away on its own. Scoliosis in young patients typically results in a right bend. A brace or surgery may be required for children with more prominent curves to regain normal posture.
Scoliosis Management Market by Region
Based on the region, the global scoliosis management market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America is expected to dominate the global scoliosis management market during the forecast period. This dominance can be ascribed to rise in scoliosis-related hospital visits and procedures in the region. About 29,000 adolescent scoliosis procedures are performed in the U.S. each year. This factor is expected to promote the usage of scoliosis spinal systems in North America, according to the CLEAR Scoliosis Institute.
The market in Europe and Asia is projected to show revenue growth at a significant CAGR during the forecast period. This can be attributed to increasing prevalence of idiopathic scoliosis, rising government support, and growing number of awareness campaigns in these regions.
Scoliosis Management Market Competitive Landscape
The prominent players operating in the global scoliosis management market are: -
Scoliosis Management Market Strategic Developments
The global scoliosis management market is expected to register a revenue CAGR of 4.3% during the forecast period.
Zimmer Biomet, Medtronic Plc, DePuy Synthes, NuVasive, Inc., and Lawall Prosthetics & Orthotics are the key players in the global scoliosis management market.
The thoracolumbosacral (TLSO) orthosis system segment accounts for the key revenue share of the global scoliosis management market.
Europe and Asia Pacific are expected to register the highest revenue growth in the global scoliosis management market during the forecast period.
The global scoliosis management market was valued at US$ 2.2 billion in 2021.
*Insights on financial permanence are subject to the availability of information in the public domain