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Global Spinal Cord Trauma Treatment Market Value to Increase to US$ 3,036.2 Mn by 2027 end
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Global Spinal Cord Trauma Treatment Market: Trends
Medical tourism for post spinal surgery rehabilitation
Research on neuroregeneration therapies
Increasing use of mechanical spinal traction
Focus towards improvement of quality of life by increasing the use of robot assisted rehabilitation
Methylprednisolone as a standard corticosteroid therapy
Public private partnership for better health infrastructure and work as a source to meet the funding gap
Increasing cases of vehicle accidents
Development of stem cell therapy
Global Spinal Cord Trauma Treatment Market: Forecast by End User
On the basis of end user, the global spinal cord trauma treatment market is segmented into hospitals and trauma centers. Hospitals segment dominated the global spinal cord trauma treatment market in revenue terms in 2016 and is projected to continue to do so throughout the forecast period. Hospitals and trauma centers segments are expected to approximately similar attractive index. Hospitals segment accounted for 53.2% value share in 2017 and is projected to account for 52.5% share by 2025 end.
Global Spinal Cord Trauma Treatment Market: Forecast by Injury Type
On the basis of injury type, the global spinal cord trauma treatment market is segmented into complete spinal cord injuries and partial spinal cord injuries. Partial spinal cord trauma treatment segment is expected to show better growth than the completed spinal cord treatment segment due to higher growth in the incidence rate of partial spinal cord trauma than the complete spinal cord trauma. With US$ 1,870.3 Mn market value in 2025, this segment is likely to expand at CAGR 3.8% throughout the projected period.
Global Spinal Cord Trauma Treatment Market: Forecast by Treatment Type
On the basis of treatment type, the global spinal cord trauma treatment market is segmented into corticosteroid, surgery, and spinal traction segments. Surgery segment dominated the global spinal cord trauma treatment market in revenue terms in 2016 and is projected to continue to do so throughout the forecast period. Surgery segment is the most attractive segment, with attractiveness index of 2.6 over the forecast period.
Global Spinal Cord Trauma Treatment Market: Forecast by Region
This market is segmented into five regions such as North America, Latin America, Europe, APAC and MEA. Asia-Pacific account for the largest market share in the global spinal cord trauma treatment market. Large patient population due to the high rate of road accidents and crime is making the Asia Pacific region most attractive market for spinal cord trauma treatment. On the other hand, MEA and Latin America is expected to be the least attractive market for spinal cord trauma treatment, with attractiveness index of 0.3 and 0.5 respectively over the forecast period.
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Global Spinal Cord Trauma Treatment Market: Key Vendors
Acorda Therapeutics, Inc., Asterias Biotherapeutics, ReNetX Bio, BioArctic AB, BioTime, Inc., InVivo Therapeutics, Kringle Pharma, Inc., Novartis AG, Pfizer Inc., Pharmicell Co. Ltd., Vertex Pharmaceuticals Inc., and Bioaxone Biosciences, Inc. are some of the key players in the global spinal cord trauma treatment market.
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