Press release
Kyphoscoliosis Treatment Market Poised for 5.8% Growth, Set to Hit $89 Billion by 2029
What market dynamics are playing a key role in accelerating the growth of the kyphoscoliosis treatment market?An increase in spinal cord injuries, often leading to kyphoscoliosis, is set to accelerate growth in the kyphoscoliosis treatment market. These injuries, which could entail any damage or trauma to structures within the spine such as bones, intervertebral discs, muscles etc., often result in kyphoscoliosis causing altered spinal alignment. A combined approach involving orthopedic evaluation, physical therapy, braces and potentially surgery, as well as pain management through a dedicated healthcare team's individualized care plans, is traditionally included in the treatment. This is backed by data from the Alabama Department of Public Health, a state agency in the US, which reported 3,817 cases of neurological injuries involving head and spinal cord in February 2022, less than the 4,734 cases in 2021. This indicates the increase in spinal cord injuries directly contributing to the growth of the kyphoscoliosis treatment market. Kyphoscoliosis Treatment Market Driver: The Role of Telemedicine in Enhancing Kyphoscoliosis Treatment Market Growth
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How will the growth rate of the kyphoscoliosis treatment market shape industry trends by 2034?
In the past few years, the market size for kyphoscoliosis treatment has robustly amplified. It is predicted to escalate from $3.08 billion in 2024 to $3.27 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.3%. The growth witnessed in the historic period is largely due to factors like exploration in regenerative medicine, contributions from genetic research, the rise of telemedicine and remote monitoring, and improvements in rehabilitation programs.
In the upcoming years, the market for kyphoscoliosis treatment is projected to witness robust growth, surging to a value of $4.1 billion by 2029, at a compound annual growth rate of 5.8%. The estimated growth during this forecast period can be linked to factors such as adoption of personalized treatment methods, advancements in biomechanical research, the proliferation of remote health monitoring and telehealth services, in conjunction with ongoing genetic research. There are some key trends to watch for in this forecast period, which encompasses sophisticated surgical procedures, breakthroughs in bracing technologies, tailor-made treatment strategies, the utilization of 3D printing, and innovation in pain management techniques.
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What trends are poised to drive the future success of the kyphoscoliosis treatment market?
In the kyphoscoliosis treatment market, leading companies are advancing the field with the creation of remarkable new products such as the MARVEL growing rod system, which is particularly designed for early-onset scoliosis. This is a posterior stabilizing rod that will require surgical implementation, it can be elongated periodically through manual mechanical operation. An illustration of this is the launch of the MARVEL Growing Rod System by Globus Medical Inc., an American medical device corporation in July 2023. The aim is to assist young patients below the age of 10 suffering from early-onset scoliosis to achieve and maintain correction, all while allowing continuous growth with the help of minimally intrusive distraction. This system provides substantial diversion, instant physical feedback, and automatic locking, creating reliable growth. The Growing Rod System, a highly advanced product, is expected to contribute significantly to the future growth of the company.
Which primary segments of the kyphoscoliosis treatment market are driving growth and industry transformations?
The kyphoscoliosis treatment market covered in this report is segmented -
1) By Type: Postural Kyphosis, Scheuermann's Kyphosis, Congenital Kyphosis
2) By Treatment: Medications, Surgery And Bracing
3) By End-User: Hospital, Clinics, Ambulatory Surgical Centers
Subsegments:
1) By Postural Kyphosis: Adolescent Postural Kyphosis, Adult Postural Kyphosis
2) By Scheuermann's Kyphosis: Adolescent Scheuermann's Kyphosis, Adult Scheuermann's Kyphosis
3) By Congenital Kyphosis: Type I Congenital Kyphosis, Type II Congenital Kyphosis, Other Congenital Forms
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Which geographical regions are pioneering growth in the kyphoscoliosis treatment market?
North America was the largest region in the kyphoscoliosis treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the kyphoscoliosis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the kyphoscoliosis treatment market landscape?
Major companies operating in the kyphoscoliosis treatment market report are Johnson & Johnson Services Inc., Aspen Medical Products LLC, Medtronic PLC, Stryker Corporation, Milwaukee Brace Company, Zimmer Biomet Holdings Inc., Perrigo Company PLC, Teva Pharmaceuticals Inc., B. Braun Melsungen Aktiengesellschaft, Aurobindo Pharma Limited, Integra LifeSciences Ltd., NuVasive Inc., DJO Global Inc., Globus Medical Inc., Boston Orthotics & Prosthetics, Ossur hf., Aesculap Inc., DeRoyal Industries Inc., MicroPort Scientific Corp., Alphatec Holdings Inc., Trulife Ltd., Ottobock SE & Co. KGaA, Orthofix Holdings Inc., OrthoPediatrics Corp., Proteor S.A., Orthomerica Products Inc., Breg Inc., Innomed Inc., Restorative Care of America Inc., Spinal Elements Inc.
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What Is Covered In The Kyphoscoliosis Treatment Global Market Report?
•Market Size Forecast: Examine the kyphoscoliosis treatment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the kyphoscoliosis treatment market for a structured understanding.
•Key Players Overview: Analyze major players in the kyphoscoliosis treatment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the kyphoscoliosis treatment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the kyphoscoliosis treatment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the kyphoscoliosis treatment market.
•Industry Challenges: Identify potential risks and obstacles affecting the kyphoscoliosis treatment market.
•Competitive Landscape: Review strategic developments in the kyphoscoliosis treatment market, including expansions, agreements, and new product launches.
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