The Scoliosis Management Market is on the rise, with a projected Compound Annual Growth Rate (CAGR) of 3.9% expected from 2022 to 2032. This translates to a significant market expansion, reaching an estimated value of US$4.489 billion by 2032, compared to US$2.942.8 million in 2022. This surge in demand for scoliosis management solutions presents a promising opportunity for key players in the medical device and healthcare sectors.
however, if untreated or unresolved may lead to severe deformities. Scoliosis results in reduced space within the chest cavity, thus, causing difficulties in the proper functioning of the lungs. Other factors such as environmental factors and genetic factors can also cause scoliosis. In addition, scoliosis management consists of complex procedures for correcting the shape of the spine, and management steps are selected based on the level of severity of the disorder and bone maturity coupled with the degree of progression of scoliosis which may differ in males and females. For scoliosis management, braces, physical therapies such as exercise, self-care, and leisure, alternative medicines, and surgeries are often used.
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Scoliosis Management Market: Drivers and Restraints
The scoliosis management market growth is mainly driven by the increasing prevalence of scoliosis in the global population. For instance, according to the estimates of the National Scoliosis Foundation (NSF), approximately 2–3% of the population is suffering from scoliosis in the U.S. alone with estimates of six to nine million people. In addition, nearly 600,000 patient visits to private facilities, more than 30,000 adolescents using braces, and approximately 38,000 patients have undergone spinal fusion surgeries. All these factors are responsible for driving the overall growth of the Global Scoliosis Management Industry. However, factors such as the high cost of treatment or procedures can impede the market growth. Moreover, other factors such as a lack of skilled professionals, unfavorable reimbursement policies, and limited understanding of the disorder and available treatment options are also hampering the overall growth of the Global Scoliosis Management Industry.
Scoliosis Management Market: Overview
The Global Scoliosis Management Industry is expected to show tremendous growth during the forecast period. Scoliosis is mainly diagnosed by using X-ray technology and aids in the calculation of a degree of curvature. Scoliosis management is based on the degree or pattern of curvature of the spine, age, type of scoliosis, and level of progression. In early cases of scoliosis, observation is done for 4 -5 months. Scoliosis is a common medical condition of the spine in adolescents and creates an ample opportunity for market participants to invest in scoliosis management because scoliosis has a high prevalence and incidence rate in the overall population, resulting in demand for better treatment and management options.
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Scoliosis Management Market: Region Wise Outlook
Geographically, the Global Scoliosis Management Industry can be segmented as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. North America is expected to hold the largest market share followed by Western Europe owing to factors such as the presence of more sophisticated healthcare infrastructure, increasing awareness among the population, and higher prevalence. In addition, other factors such as high R&D expenditure by governmental bodies, and the availability of favorable reimbursement policies in these regions boost the overall growth of the scoliosis management market.
The market in Asia-Pacific excluding the Japan region is estimated to grow at the fastest CAGR over the forecast period owing to increasing healthcare expenditure, and easy availability of management options. Moreover, consistent technological advancement and product launches in this region also boost the growth of the scoliosis management market. However, regions such as Latin America, and Middle East, and Africa show stagnant growth during the forecast year owing to the dearth of skilled personnel and low per capita healthcare expenditure in these regions, apart from a lack of awareness about the disease.
Scoliosis Management Market: Key Players
Some of the market participants in the Global Scoliosis Management Industry are Boston Orthotics & Prosthetics, Chaneco, Original Bending Brace, Orthotech, Trulife, L.A. Brace, Össur, DJO, LLC, Wilmington Orthotics & Prosthetics, Inc., Lawall Prosthetics and Orthotics, Horton’s Orthotics & Prosthetics, Aspen Medical Products, UNYQ, C H Martin Company, Optec USA, Inc., Spinal Technology, Inc., Ortholutions GmbH & Co. KG, Wellinks, Inc., and Pro-Tech Orthopedics.
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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