Persistence Market Research represents the historical global spinal cord trauma treatment market grown from 2012 to 2016 end. We have forecasted the global spinal cord trauma treatment market to grow from more than US$ 2,270 Mn in 2017 to more than US$ 3,000 Mn by 2025 end. This represents CAGR of 3.7% over the forecast period of 2017–2025. The global market for spinal cord trauma treatment represents absolute $ opportunity of close to US$ 90 Mn in 2018 over 2017 and incremental opportunity of close to US$ 760 Mn between 2017 and 2025.
The spinal cord trauma treatment market can be segmented based on treatment type, which includes surgical and non-surgical interventions. The surgical intervention segment dominates the market, owing to the high cost of surgical procedures and the need for advanced medical technology. Surgical interventions include decompression surgery, stabilization surgery, and fusion surgery. Non-surgical interventions include rehabilitation therapy, medication, and assistive devices.
Surgery segment dominated the global spinal cord trauma treatment market in revenue terms in 2016 and is projected to continue to do so throughout the forecast period. Surgery segment market was valued more than US$ 1,900 Mn in 2016 and is projected to be valued more than US$ 2,600 Mn in 2025 growing at a CAGR of 3.6% during the forecast period. Corticosteroids segment is expected to be the second most lucrative segment in the global spinal cord trauma treatment market, with attractiveness index of 0.4 during the forecast period.
The spinal cord trauma treatment market can be segmented based on end-users, which include hospitals, clinics, and rehabilitation centers. Hospitals dominate the market, owing to the high cost of treatment and the need for specialized medical equipment and personnel. Rehabilitation centers are expected to grow at a significant rate during the forecast period, owing to the increasing focus on rehabilitation therapy for spinal cord trauma patients.
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The global market for spinal cord trauma treatment is is estimated to be valued at US$ 2,276.3 Mn in terms of value by the end of 2017. The global spinal cord trauma treatment market is expected to expand at a CAGR of 3.7% over the forecast period to reach a value of US$ 3,036.2 Mn by 2025 end.
Global Spinal Cord Trauma Treatment Market: Trends
- Medical tourism for post spinal surgery rehabilitation
- Research on neuroregeneration therapies
- Increasing use of mechanical spinal traction
- Focus towards improvement of quality of life by increasing the use of robot assisted rehabilitation
- Methylprednisolone as a standard corticosteroid therapy
- Public private partnership for better health infrastructure and work as a source to meet the funding gap
- Increasing cases of vehicle accidents
- Development of stem cell therapy
- Acorda Therapeutics, Inc.
- Asterias Biotherapeutics
- ReNetX Bio.
- BioArctic AB
- BioTime, Inc.
- InVivo Therapeutics
- Kringle Pharma, Inc.
- Novartis AG
- Pfizer Inc.
- Pharmicell Co. Ltd.
- Vertex Pharmaceuticals Inc.
- Bioaxone Biosciences, Inc.
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The spinal cord trauma treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominates the market, owing to the high incidence of spinal cord injuries and the presence of well-established healthcare infrastructure. Asia Pacific is expected to grow at a significant rate during the forecast period, owing to the increasing incidence of spinal cord injuries in the region.
Large patient population due to the high rate of road accidents and crime is making the Asia Pacific region most attractive market for spinal cord trauma treatment. On the other hand, MEA and Latin America is expected to be the least attractive market for spinal cord trauma treatment, with attractiveness index of 0.3 and 0.5 respectively over the forecast period.
Global Spinal Cord Trauma Treatment Market : Forecast by Injury Type
On the basis of injury type, the global spinal cord trauma treatment market is segmented into complete spinal cord injuries and partial spinal cord injuries.
Partial spinal cord trauma treatment segment is expected to show better growth than the completed spinal cord treatment segment due to higher growth in the incidence rate of partial spinal cord trauma than the complete spinal cord trauma. With US$ 1,870.3 Mn market value in 2025, this segment is likely to expand at CAGR 3.8% throughout the projected period.
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