Global Scoliosis Treatment Market: Overview
Scoliosis refers to a medical condition in which the spine forms a curvature toward right or left forming a S-shaped or C-shape. Scoliosis occurs during the onset of puberty, mostly between 10 to 12 years of age. Scoliosis can be cured either through surgery or with bracing, though there is no absolute cure for the disease. However, the pain can be reduced through treatment.
The global scoliosis treatment market is estimated to gain momentum with the growing prevalence of the diseases and increased implementation of braces for the pain alleviation. In addition, there has been a rise in the incidences of musculoskeletal disorders and spinal surgeries, which are likely to offer copious growth opportunities for the global scoliosis treatment market over the forecast tenure.
Diseases type, product, distribution channel, and region are the parameters based on which the global market for scoliosis treatment has been segmented. Equipped with such detailed segmentations, the understanding of the market could get better and deeper.
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Global Scoliosis Treatment Market: Notable Developments
A few of the remarkable developments pertaining to the global scoliosis treatment market are as mentioned below:
- In August 2019, US-based Zimmer Biomet Holdings Inc. made an announcement that it has received nod from food and drug administration (FDA) for ‘Tether’. This newly invented medical device is made to treat idiopathic scoliosis in adolescents and children. Idiopathic scoliosis usually does not respond to conservative treatment.
A few of the names to reckon with in the global scoliosis treatment market are as mentioned below:
- Boston Orthotics & Prosthetics
- Wilmington Orthotics & Prosthetics, Inc.
- Zimmer Biomet Holdings Inc.
- Horton's Orthotics & Prosthetics
- Charleston Bending Brace
- Lawall Prosthetics and Orthotics
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Global Scoliosis Treatment Market: Key Trends
The future course of the global scoliosis treatment market is likely to be shaped by the below-mentioned growth factors over the forecast period, from 2019 to 2027.
Alarming Rise in Scoliosis Accentuates Demand for its Treatment
The global scoliosis treatment market is projected to substantial growth over the forecast period, from 2019 to 2027. Much of the growth is ascribed to the growing incidences of scoliosis in the world population in recent times. There aren’t any definite causes behind the occurrence of this diseases, however, cerebral paralysis and muscular dystrophy might cause scoliosis. It mostly affects children around 10 years of age. Many in the US are affected by scoliosis mostly due to lack of awareness about the disease and lack of treatment. Lack of awareness about adolescent diseases such as scoliosis is likely to support growth of the global scoliosis treatment market over the assessment tenure, from 2019 to 2027.
Adolescents and children are usually affected with common types of scoliosis such as adolescent idiopathic scoliosis, infantile idiopathic scoliosis, juvenile idiopathic scoliosis, and infantile idiopathic scoliosis. To treat these common types of scoliosis, spinal surgery, activities & exercises, and support braces are generally prescribed. In most of the cases, patients tend to take up customized support braces for the management of the disease. Customized braces are usually more affordable as compared to medical procedure.
The growth of the global scoliosis treatment market is accelerated by the alarming rise of the disease worldwide. Many have gone through spinal cord related medical processes and adopted support braces. In addition, there has been a rise in the demand for non-invasive surgeries, which further propels growth of the market. However, scoliosis is found equally in both females and males but the degree of curvature is more in females than males.
Global Scoliosis Treatment Market: Geographical Analysis
In an attempt to depict a comprehensive picture of the global scoliosis treatment market, the market has been segmented on the basis of region. The market is divided into the principal regions of Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America.
From the geographical standpoint, North America is likely to reign over the global scoliosis treatment market, thanks to rising per capita healthcare expenditure in countries like the U.S. and Canada. In addition, there has been increased investment in research and development activities by government and several healthcare bodies. This is further expected to boost growth of the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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