Press release
Scoliosis Market Size Projected To Reach 1.38 Billion By 2034 With A Cagr Of 2.4%
We've updated all our reports with current data on tariff changes, trade developments, and supply chain shifts affecting key industries.What Is the Projected Growth of the Scoliosis Market?
The expansion of the scoliosis sector has been stable in the past few years, with an anticipated surge from $1.23 billion in 2024 to $1.26 billion by 2025, reflecting a compound annual growth rate (CAGR) of 2.8%. Factors such as the development of healthcare facilities, older population, increased cases of degenerative scoliosis, preference towards non-invasive treatment alternatives, broader insurance and reimbursement practices, and concentration on child and teen health have contributed to growth during the historic period.
The scoliosis market is set to observe consistent expansion in the coming years with projected growth to $1.39 billion in 2029, representing a compound annual growth rate (CAGR) of 2.4%. This upward trend in the forecast period is largely due to a rise in scoliosis cases worldwide, increased understanding of the importance of early detection and treatment, growth in healthcare spending, escalating demand for treatments for pediatric and adolescent scoliosis, and a surge in the aging population suffering from degenerative scoliosis. The period predicts significant advancements in imaging and diagnostic technology, innovative surgical implants and instruments, the application of AI and machine learning in diagnosing scoliosis, as well as the production of wearable and monitoring devices.
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What Are the Different Scoliosis Market Segments?
The scoliosis market covered in this report is segmented -
1) By Product Type: Bracing, Physiotherapy, Surgical Devices, Other Product Types
2) By Age Group: Children, Teenagers, Adult
3) By End-user: Hospitals, Clinics, Homecare Settings, Other End Users
Subsegments:
1) By Bracing: Rigid Braces, Soft Braces, Dynamic Braces, Nighttime Braces, Other Bracing Types
2) By Physiotherapy: Schroth Method, Scientific Exercise Approach To Scoliosis, Yoga And Pilates, Manual Therapy, Other Physiotherapy Approaches
3) By Surgical Devices: Spinal Implants, Rods And Screws, Fusion Devices, Growth Modulation Devices, Other Surgical Devices
4) By Other Product Types: Orthotic Supports, Electrical Stimulation Devices, Alternative Therapies
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What Are the Primary Drivers Shaping the Scoliosis Market?
An upsurge in bone mineral deficiencies is anticipated to drive the growth of the scoliosis market. Bone mineral deficiencies represent a shortfall of crucial minerals in the bones which results in their weakness and an escalated risk of fractures. Factors such as aging, poor nutrition, inadequacy of vitamin D, inactive lifestyles and medical disorders contribute to the growing phenomenon of bone mineral deficiencies. Scoliosis exacerbates this situation by affecting bone density and architectural stability, thereby increasing the chances of osteoporosis and fractures. For example, a study in March 2024 by the National Institutes of Health (NIH) (.gov), a US agency, revealed that 24.8% out of 5380 Romanian adults (ages 25-64), were deficient in vitamin D. Additionally, statistics from the Department of Health and Social Care, a UK government department, indicate that roughly one in six UK adults suffer from low vitamin D levels. Therefore, this escalating occurrence of bone mineral deficiencies is fueling the expansion of the scoliosis market.
Which Companies Are Leading in the Scoliosis Market?
Major companies operating in the scoliosis market are Medtronic plc, Zimmer Biomet Holdings Inc., Stryker Corporation, Ottobock SE & Co. KGaA, Enovis Corporation, Globus Medical Inc., Össur Corporate, Alphatec Spine Inc., Trulife Group, OrthoPediatrics Corp., Aspen Medical Products LLC, Bauerfeind AG, Boston Orthotics & Prosthetics, Spinal Technology Inc., Horton's Orthotics & Prosthetics, Chaneco Limited, Optec USA Inc., LA Brace Center, Beacon Prosthetics and Orthotics Inc., Spinologics Inc., UNYQ Inc.
What Trends Are Driving Growth in The Scoliosis Market?
Key players in the scoliosis market are concentrating on the creation of novel products such as a growing rod system with the intent to augment treatment results, rectify spinal distortions more efficiently, and decrease the requirement for recurrent operations in children affected by scoliosis. The growing rod system, an adjustable implant for the spine, is utilized to manage early-onset scoliosis, enabling controlled growth of the spine while reducing the need for multiple surgeries. To illustrate, Globus Medical, an American medical technology corporation, introduced the MARVEL growing rod system in July 2023. This groundbreaking equipment endeavors to manage early-onset scoliosis by facilitating controlled growth of the spine, equipped with a non-invasive adjustment mechanism which lessens the need for repeated surgeries. The system is designed to improve patient outcomes by delivering a customizable and less invasive treatment alternative.
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What Are the Top Revenue-Generating Geographies in the Scoliosis Market?
North America was the largest region in the scoliosis market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the scoliosis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Scoliosis Market?
2. What is the CAGR expected in the Scoliosis Market?
3. What Are the Key Innovations Transforming the Scoliosis Industry?
4. Which Region Is Leading the Scoliosis Market?
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Correcting scoliosis can improve kids' learning
Image: https://www.getnews.info/uploads/b39e7ae3fd31f1440284daa86c7fbcf8.png
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