Global Scoliosis Management Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Scoliosis is a medical condition that causes abnormal bending of the spine or spine. It is mainly diagnosed in early adolescence or in childhood.
Market Overview:The latest research study on the global Scoliosis Management market finds that the global Scoliosis Management market reached a value of USD 305.09 million in 2022. It’s expected that the market will achieve USD 457.0 million by 2028, exhibiting a CAGR of 6.97% during the forecast period.
National Medical Policy Support
In 2013, the National Institutes of Health trial study found that bracing considerably decreases the risk of curve progression and the need for surgery in adolescents with idiopathic scoliosis. Success rates of around 90 to 93 percent decrease in the curve progression, after wearing a brace for over an average of 13 hours per day, was observed in the trial study. This study was supported by the Canadian Institutes of Health Research, Shriners Hospitals for Children, the University of Rochester, and the Children’s Miracle Network.
Product Innovation
Rising surgical procedures in developed nations, adoption of new braces, utilization of 3D printing technology, higher usage for customized braces, new product launches, and maximum utilization of advanced braces such as cervical thoracic lumbar sacral orthosis brace and thoracolumbosacral orthosis brace is gaining traction. These are driving market development.
Increasing awareness
Rising minimally invasive therapies, increasing awareness related to infantile, juvenile and adolescent idiopathic scoliosis worldwide, rising purchasing power of healthcare facilities, beneficiary schemes for reimbursement and are various factors fueling the demand for scoliosis management in near future.
Region Overview:In 2022, the share of the Scoliosis Management market in North America stood at 42.26%.
Company Overview:Boston Orthotics & Prosthetics is one of the major players operating in the Scoliosis Management market, holding a share of 8.61% in 2023.
Boston Orthotics & Prosthetics
Boston Orthotics & Prosthetics provides pediatric orthotic and prosthetic patient care and products for medical professionals, parents, and patients in the United States.
Ottobock SE & Co. KGaA
Ottobock SE & Co. KGaA develops medical technology products and solutions for the people with limited mobility in the fields of prosthetics, orthotics, human mobility, and medical care.
Segmentation Overview:By type, Thoracolumbosacral Orthosis (TLSO) segment accounted for the largest share of market in 2022.
Application Overview:By application, the Hospitals & Clin segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Scoliosis Management market covered in Chapter 3:Chaneco
L.A. Brace
Ortholutions GmbH & Co. KG
Charleston Bending Brace
Ottobock
Trulife
Lawall Prosthetics and Orthotics
Aspen Medical Products
Spinal Technology, Inc.
Pro-Tech Orthopedics
Boston Orthotics & Prosthetics
UNYQ
DJO Global
Össur
Optec USA, Inc.
In Chapter 4 and Chapter 14.2, on the basis of types, the Scoliosis Management market from 2018 to 2029 is primarily split into:Thoracolumbosacral Orthosis (TLSO)
Cervical Thoracic Lumbar Sacral Orthosis (CTLSO)
Lumbosacral Orthosis (LSO)
Others
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Scoliosis Management market from 2018 to 2029 covers:Online Pharmacies
Hospitals & Clinics
Retail Pharmacies
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)