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Cervical Spondylosis Treatment Report By Key Companies, Regional Analysis And Forecast 2033
Cervical Spondylosis Treatment
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According to The Business Research Company's, The cervical spondylosis treatment market size has grown strongly in recent years. It will grow from $5.51 billion in 2023 to $5.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to aging population, increased prevalence of sedentary lifestyles, growth in awareness of cervical spondylosis, expansion of healthcare infrastructure, rise in musculoskeletal disorders.
The cervical spondylosis treatment market size is expected to see strong growth in the next few years. It will grow to $7.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growing healthcare investments, adoption of minimally invasive procedures, rise in patient awareness and education, increasing focus on preventive measures, integration of telemedicine in treatment approaches. Major trends in the forecast period include personalized treatment plans, rise of non-surgical interventions, development of home-based therapeutic solutions, integration of digital health platforms, emphasis on holistic and multidisciplinary approaches.
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Market Drivers and Trends:
The increasing prevalence of cervical spondylosis is expected to propel the growth of the cervical spondylosis treatment market going forward. Cervical spondylosis is a degenerative condition affecting the joints and discs in the cervical spine (neck region). These treatments ease pain, keep individuals as active as possible, avoid irreparable damage to the spinal cord and nerves of people suffering from cervical spondylosis, and promote well-being. For instance, in 2022, according to the American Academy of Orthopedic Surgeons, in April 2021, over the age of 60, more than 85% of people were afflicted with cervical spondylosis. Therefore, the increasing prevalence of cervical spondylosis is driving the cervical spondylosis treatment market.
Product innovations are a key trend gaining popularity in the cervical spondylosis treatment market. Major companies operating in the cervical spondylosis treatment market are introducing innovative products to sustain their position in the market. For instance, in March 2021, Sleepsia, a US-based manufacturer of innovative pillows, launched a new cervical pillow for treating the symptoms of cervical spondylosis, such as neck pain. The new pillow is specially designed and must be firmer and softer. It gives a natural curvature to the neck and helps reduce the spinal issues caused by the wrong mattress or pillows. It also has hypoallergenic fabric that is dust mite resistant as well.
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Major Key Players of the Market:
Johnson & Johnson, Merck & Co Inc., AbbVie Inc., GlaxoSmithKline Plc, Medtronic PLC, C.H. Boehringer Sohn AG & Co. KG, Amgen Inc., Stryker Corporation, B. Braun SE, Zimmer Biomet Holdings Inc., UCB Pharma S.A., Integra LifeSciences Holdings Corp (Integra), Integra LifeSciences, NuVasive Inc., Globus Medical Inc., Orthofix Medical Inc., Aesculap Implant Systems LLC, Titan Spine Inc., Exactech Inc., SeaSpine Inc., RTI Surgical, Xtant Medical Holdings Inc., Zavation Medical Products LLC, Wenzel Spine Inc., Life Spine Inc., Spineology Inc., VGI Medical LLC, Dynamic Spine Inc., Synthes Holding AG, ZygoFix Ltd.
Cervical Spondylosis Treatment Market 2024 Key Insights:
• The cervical spondylosis treatment market size is expected to see strong growth in the next few years. It will grow to $7.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
• The Surge In Cervical Spondylosis Prevalence Fuels Expansion Of The Cervical Spondylosis Treatment Market
• Innovations Revolutionizes Cervical Spondylosis Treatment
• North America was the dominant region in the cervical spondylosis treatment market in 2023
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