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Title: Scoliosis Management Market Analysis | CMI


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
SCOLIOSIS MANAGEMENT MARKET ANALYSIS
  • Scoliosis Management Market, by Product Type
    (Soft Braces, Rigid Braces, and Composite Braces
    Others), Spinal Location (Thoracolumbosacral
    Orthosis (TLSO), Cervical Thoracic Lumbar Sacral
    Orthosis (CTLSO), Lumbosacral Orthosis (LSO), and
    Others), by Demographics (Adult and Pediatric),
    by Disease Type (Infantile Idiopathic Scoliosis,
    Juvenile Idiopathic Scoliosis, Adolescent
    Idiopathic Scoliosis, Neuromuscular Scoliotic
    Curves, Congenital Scoliotic Curves, and Adult
    Scoliosis), by End User (Hospitals Clinics,
    Retail Channel, and Online Channel), and by
    Region (North America, Latin America, Europe,
    Asia Pacific, Middle East, and Africa) - Size,
    Share, Outlook, and Opportunity Analysis,
    2018-2026

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  • The global Scoliosis Management Market was valued
    at US 2,267.8 Mn in 2017 and is expected to
    witness a CAGR of 4.1 during the forecast period
    (2018 2026).

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Global Scoliosis Management Market Share (), By
Spinal Location, 2018 2026
5
Market Drivers
  • Increasing prevalence of scoliosis, worldwide is
    expected to drive the market growth during the
    forecast period
  • The growth of scoliosis management market is
    majorly driven by the increasing prevalence of
    scoliosis, worldwide. For instance, according to
    the American Association of Neurological Surgeons
    (AANS) 2007, around 23 of the population is
    suffering from scoliosis in the U.S. alone with
    estimates of six to nine million people.
    Moreover, according to the same source, every
    year, around 600,000 patients visit private
    facilities, over 30,000 adolescents use braces,
    and around 38,000 patients have undergone spinal
    fusion surgeries in the U.S.
  • According to the AANS, primary age of onset for
    scoliosis is 10-15 years old, occurring equally
    among both genders. Females are eight times more
    likely to progress to a curve magnitude that
    requires treatment.

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  • According to an article published in the Journal
    of Back and Musculoskeletal Rehabilitation in
    2014, scoliosis occurs in around 3 of people
    globally, most commonly among girls. Moreover,
    increasing government and private intervention in
    the field of research and clinical studies have
    also propelled scoliosis management market growth
    significantly.
  • For instance, in 2013, the National Institutes of
    Health trial study found that bracing
    considerably decreases the risk of curve
    progression and the need for surgery in
    adolescents with idiopathic scoliosis. Success
    rates of around 90 to 93 percent decrease in the
    curve progression, after wearing a brace for over
    an average of 13 hours per day, was observed in
    the trial study. This study was supported by the
    Canadian Institutes of Health Research, Shriners
    Hospitals for Children, the University of
    Rochester, and the Childrens Miracle Network.

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Global Scoliosis Management Market Share (), By
Demographics, 2018 2026
8
  • Development of new technologies for scoliosis
    management is expected to aid in the market
    growth
  • Market players in this market are engaged in
    developing new technologies for scoliosis
    management by adopting organic and inorganic
    growth strategies. For instance, in 2015,
    researchers from the Xiao Feng Spinal Deformity
    Studio and National Rehabilitation Aids Research
    Center in Beijing created country's first
    customized 3D printed back brace for the
    treatment of scoliosis.
  • Furthermore, market players are engaged in
    developing new technologies, in order to hold
    dominant position in the market. For instance, in
    September 2018, NuVasive, Inc. launched MAGEC X,
    the latest product within the MAGEC pediatric
    portfolio to address early-onset scoliosis (EOS)
    in the U.K. MAGEC X offers 68 improved
    fatigue-strength performance over the
    conventional 4.5mm option.
  • In June 2014, 3D Systems successfully completed a
    pilot program for its new Bespoke Braces, a first
    of its kind, personalized, 3D printed brace for
    children and young adults with scoliosis and
    subsequently, launched its 3D printed bespoke
    braces for scoliosis treatment.

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Market Restraints
  • However, high cost of treatment or procedures
    associated with scoliosis is expected to hinder
    growth of the market during the forecast period.
    For instance, according to a study published in
    The Spine Journal 2010, the average mean costs of
    non-surgical care for adult scoliosis were
    estimated to be as high as US 14,000 for
    duration of 2 years.
  • People with degenerative scoliosis will often
    have more complaints of back pain and leg pain.
    This is related to arthritis in the back and
    possible compression of the nerve roots that lead
    to the legs. People who fail to improve with
    these treatments may benefit from surgery.
    However, the cost of scoliosis surgery can be
    high. According to the Spinal Cord Society of
    surgeons, an average cost per operation (rod
    implants to straighten the spine) is US 150,000
    and may be higher or lower depending on the
    individual procedure.

10
Segment Information
  • Among region, North America is expected to be the
    most lucrative region in the scoliosis management
    market over the forecast period due to presence
    of prominent market players in this market and
    their increasing engagement in adopting organic
    and inorganic growth strategies. For instance,
    Alphatec Spine Inc., a California-based medical
    device company engaged in designing, developing,
    manufacturing, and marketing of spinal fusion
    technology products and solutions, launched its
    new Arsenal Deformity Adolescent Idiopathic
    Scoliosis (AIS) System in the U.S.
  • Moreover, increasing number of scoliosis surgery
    procedures conducted in the U.S. supports growth
    of the market. For instance, according to the
    World Journal of Orthopedics 2015, around 29,000
    scoliosis surgeries are performed on adolescents
    annually in the U.S.

11
Key Players
  • Key players operating in the scoliosis management
    market include Boston Orthotics Prosthetics,
    Aspen Medical Products, Lawall Prosthetics and
    Orthotics, Hortons Orthotics Prosthetics,
    Spinal Technology Inc., Ortholutions GmbH Co.
    KG, Ossur Hf, Charleston Bending Brace, UNYQ, and
    Pro-Tech Orthopedics.

12
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  • Talk to Analyst
  • Reference https//www.coherentmarketinsights.com
    /market-insight/scoliosis-management-market-1842

13
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
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  • Long term Engagement Model
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14
Contact Us
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  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

15
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