Global Quadriplegia Treatment Market Overview 2033 : Forecasted Market Size And Growth Rate | Johnson & Johnson Services Inc., Merck & Co., Sanofi S.A., Bristol Myers Squibb Co., AstraZeneca plc

"The new report published by The Business Research Company, titled Quadriplegia Treatment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the quadriplegia treatment market size has grown strongly in recent years. It will grow from $1.78 billion in 2023 to $1.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The quadriplegia treatment market size is expected to see strong growth in the next few years. It will grow to $2.60 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.

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Rising Incidence Of Spinal Cord Injuries Fuels Quadriplegia Treatment Market
An increase in the incidence of spinal cord injuries is expected to propel the growth of the quadriplegia treatment market going forward. Spinal cord injuries (SCIs) are damage to the spinal cord resulting from trauma or disease, leading to loss of function such as mobility or sensation below the injury site. The incidence of spinal cord injuries is increasing due to factors such as higher rates of motor vehicle accidents, falls, sports injuries, and violence. Quadriplegia treatment for spinal cord injuries focuses on maximizing functional independence and quality of life through rehabilitation, assistive technologies, and medical management. For instance, in October 2022, according to the New Zealand Spinal Trust report, a New Zealand-based non-profit organization, the number of sporting and leisure spinal cord injuries (SCI) in New Zealand increased from 14% in 2020 to 19% in 2021. Wheeled non-motorsports (such as mountain biking and cycling) accounted for 25% of these injuries, followed by water-related accidents (18%) and horse-related accidents (14%). Therefore, an increase in the incidence of spinal cord injuries is driving the growth of the quadriplegia treatment market.

Mobility Solutions For Quadriplegia Treatment Enhanced Market
Major companies operating in the quadriplegia treatment market are developing new products, such as wireless tongue-controlled interfaces, to improve mobility and independence for patients. Wireless tongue-controlled interfaces in quadriplegia treatment enable individuals to operate devices or communicate through tongue movements, enhancing their independence and quality of life. For instance, in April 2023, Media Lab spinoff Augmental, a US-based provider of digital devices and interfaces, launched MouthPad, a tongue-controlled interface that enables users to interact with digital devices hands-free. This innovative device is designed to be a game-changer for people with limited hand-motor control as well as for anyone looking to interact with computers in a more natural and expressive way. It uses a custom-fit, 3D-printed mouthpiece with a trackpad chip that detects tongue movements and pressure. This allows users to control their devices by sweeping their tongue across the trackpad, with tongue presses for left clicks and sip gestures for right clicks.

The quadriplegia treatment market covered in this report is segmented -

1) By Treatment Type: Corticosteroids, Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Antidepressants, Anticonvulsants, Narcotic Analgesics, Antispasmodics And Muscle Relaxants, Antibiotics
2) By Route Of Administration: Oral, Intravenous, Other Routes Of Administration
3) By Distribution Channel: Online Stores, Drug Stores, Retail Pharmacies, Hospital Pharmacies

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Major companies operating in the quadriplegia treatment market are Johnson & Johnson Services Inc., Merck & Co., Sanofi S.A., Bristol Myers Squibb Co., AstraZeneca plc, Abbott Laboratories, GlaxoSmithKline plc, Roche Holdings Inc., Takeda Pharmaceutical Co Ltd, Medtronic plc, Eli Lily & Co., Koninklijke Philips NV, Stryker Corporation, Teva Pharmaceuticals Industries Ltd., Baxter International, Boston Scientific Corporation, Zimmer Biomet Holdings Inc., Sun Pharmaceutical Industries Limited, Cipla Ltd, Ottobock SE & Co. KGaA, Zydus Lifesciences Ltd., Invacare Corporation, Sunrise Medical Company Private Limited, Pride Mobility Products Corp.

Contents of the report:
1. Executive Summary
2. Quadriplegia Treatment Market Report Structure
3. Quadriplegia Treatment Market Trends And Strategies
4. Quadriplegia Treatment Market - Macro Economic Scenario
5. Quadriplegia Treatment Market Size And Growth
…..
27. Quadriplegia Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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