Spinal cord trauma refers to damage to the spinal cord, which can result in loss of function and mobility. The global spinal cord trauma treatment market is expected to grow significantly in the coming years due to the increasing prevalence of spinal cord injuries and the growing demand for advanced treatment options.
Market Size and Growth:
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.
Factors Driving the Market:
The increasing prevalence of spinal cord injuries is one of the key factors driving the market growth. According to the National Spinal Cord Injury Statistical Center, there are approximately 17,700 new cases of spinal cord injury in the United States every year.
In addition, the growing demand for advanced treatment options is driving the market growth. Recent advancements in surgical techniques and the development of novel therapies, such as stem cell therapy, are expected to drive the growth of the market in the coming years.
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Treatment Type:
The spinal cord trauma treatment market is segmented into surgical treatment and non-surgical treatment. The surgical treatment segment is expected to hold the largest share of the market in 2020, due to the increasing adoption of surgical procedures for the treatment of spinal cord injuries.
End User:
The market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment is expected to hold the largest share of the market in 2020, due to the availability of advanced treatment options and the presence of skilled healthcare professionals.
Regional Analysis:
North America is expected to hold the largest share of the spinal cord trauma treatment market in 2020, followed by Europe. The increasing prevalence of spinal cord injuries, growing demand for advanced treatment options, and the presence of major market players are driving the growth of the market in these regions. Asia Pacific is expected to be the fastest-growing region in the market due to the increasing healthcare expenditure, rising prevalence of spinal cord injuries, and growing awareness about the availability of advanced treatment options.
Key Players:
The major players operating in the global spinal cord trauma treatment market include Medtronic Plc, DePuy Synthes, Stryker Corporation, Zimmer Biomet Holdings, Inc., NuVasive, Inc., B. Braun Melsungen AG, and Globus Medical, Inc.
Conclusion:
The global spinal cord trauma treatment market is expected to grow significantly in the coming years due to the increasing prevalence of spinal cord injuries and the growing demand for advanced treatment options. The surgical treatment segment is expected to hold the largest share of the market in 2020, and the hospitals segment is expected to be the largest end-user segment. North America is expected to hold the largest share of the market in 2020, followed by Europe. The major players operating in the market are Medtronic Plc, DePuy Synthes, Stryker Corporation, Zimmer Biomet Holdings, Inc., NuVasive, Inc., B. Braun Melsungen AG, and Globus Medical, Inc.