Global acute spinal cord injury market was valued at USD 5,121 million in 2018, growing at a CAGR of 4.1% during the forecast period of 2019–2026

Acute Spinal Cord Injury Market

Spinal cord injuries are the most medically complex and associated with high mortality rate. Many factors can cause these injuries such as accident, fall, violent incidence, and sudden shock or cut to spine, among others. It has been estimated that over 500,000 people suffer from spinal cord injuries (SCI) every year across the globe. Increasing FDI and shifting automobile industry in developing countries have fulfilled the dream of having a vehicle of the middle-class population. Countries like Brazil, China, and India are witnessing tremendous opportunities from the multinational and domestic automobile industry. However, automobile accidents are identified as the most common cause for spinal cord injuries. For instance, automobile accidents, falls, violence such as gunshot wounds, sport accidents, medical/surgical, and others accounted for 38.5%, 31.7%, 13.7%, 8.1%, 4.4%, and 4% respectively of all the spinal cord injuries in the U.S during 2015–2018, according to the National Spinal Cord Injury Statistical Center.

The Major Players Covered in this Report:
Histocell, Mitsubishi Tanabe Pharma Corporation, Neuralstem, Inc., Acorda Therapeutics, Inc., Pfizer, BioAxone, BIOTIME, INC. 

Global acute spinal cord injury market was valued at USD 5,121 million in 2018, growing at a CAGR of 4.1% during the forecast period of 2019–2026.

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By Type: Diagnosis, Treatment

By Diagnosis Type: Laboratory Tests, Imaging Tests

By End User: Hospitals & Clinics, Ambulatory centers, Others

Segmental Insights

For a better understanding of the global acute spinal cord injury market, we have segmented the market by type, diagnosis type and end user.

By type, the market is segmented into diagnosis and treatment. Treatment is accounting for the major market share. By diagnosis type, the market is divided into laboratory tests and imaging tests. Laboratory tests are expected to grow at a CAGR of 6.2%. Moreover, Imaging is highly adopted in the developing and developed regions due to its high efficiency and precision in detecting the blood clots and other injuries in the spinal cord. Ongoing technological advancements in the imaging techniques and devices, increasing disposable income in the developing countries, and a growing number of diagnostic imaging centers in the developing regions such as Asia Pacific and the Middle East are projected to fuel the demand in the coming years.

Regional Analysis For Acute Spinal Cord Injury Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Acute Spinal Cord Injury are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Acute Spinal Cord Injury in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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