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Scoliosis Management Market By Product Type (CTLSO (Cervical Thoracic Lumbar Sacral Orthosis) Brace, TLSO (Thoracolumbosacral Orthosis) Brace, Lumbosacral Orthosis (LSO) Brace), By End User (Hospitals & Clinics, Retail Pharmacies, Online Pharmacies) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

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Credence Research Inc

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2 years ago

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The global scoliosis management market is growing significantly, was valued at US$ 1,792.4 Mn in 2017 and expected to attain US$ XX Mn by 2026. Worldwide growing surgical procedures, treatment with support braces and exercises and minimally invasive therapies along with growing prevalence of scoliosis diseases drives the overall market growth during the forecast period. In addition, new technological progresses in scoliosis braces and favorable private and public initiatives in the medical sector across various developing countries will further assist in the overall scoliosis management market growth. Increasing prevalence for adolescent idiopathic scoliosis (AIS) in the U.S. and globally is a major concern. In 2009, the total cost of treating AIS was estimated around US$ 514 million. The essential nonsurgical treatment for AIS is bracing, whose objective is to minimize the requirement for surgical or other major medical procedure by constraining curve movement. Numerous scoliosis curve lines in AIS that are less than 20° can be screened and further followed by with serial radiographs or other clinical examinations at an interval of 6 months of cycle until skeletal development.

 

As indicated by National Scoliosis Foundation (NSF), around 2 to 3% of the overall population is experiencing scoliosis in U.S. Around six to nine million individuals are suffering from this disorder. More than 600,000 patient visits to private clinics and hospitals every year, around of 30,000 young people are utilizing braces, and nearly 38,000 patients have experienced spinal surgical & other medical procedures. All these components are in charge of driving the overall growth of the scoliosis management during the forecast period. Technological developments in scoliosis management, both in invasive and noninvasive treatment procedures are boosting the demand majorly in Asia Pacific and Europe.

 

Market Synopsis

"Thoracolumbosacral Orthosis (TLSOs) Brace Segment is expected to Register Higher Growth by the End of 2026"

In the past decade, various studies and research have shown that the regular history of adolescent idiopathic scoliosis (AIS) can be emphatically influenced by non-operative treatment, particularly bracing. Different types of treatment, for example, osteopathic or chiropractic therapy, needle therapy (acupuncture), exercise or other manual medications, or diet and nourishment, have not yet been ended up being compelling in controlling spinal deformities in scoliosis management. Nonoperative treatment with a thoracolumbosacral orthosis (TLSO) is broadly utilized. Scoliosis is mainly observed in around 3% of younger population less than 16 years old. Adolescent idiopathic scoliosis (AIS) is usually observed in individuals 11 years old and above. Thoracolumbosacral orthosis braces are gaining traction across the globe and majorly utilized in the end user segment. Bracing treatment with a thoracolumbosacral orthosis (TLSO) is mainly indicated for skeletally juvenile patients with AIS with a bend normally 25 to 45°.

 

Numerous types of TLSOs have been manufactured around the world, for example: Boston, Providence, Wilmington and Rosenberg braces in North America, TLSO Hiroshima in Japan, Chêneau and Sforzesco braces in Europe, and OMC (Osaka Medical College) brace, CBH (Chiba brace high type), and others. The custom-made TLSOs are also in demand for the right reflex arrangement, mainly for the active correction of the upper thoracic curve. The fundamentals of custom made braces are characterized by its unremarkable design, lightweight, lessening of restriction on chest wall movement, and capability to precise the high thoracic curve by restoring the reflex in the body. However, few complications occur during the overall treatment cycle, such as physiological disturbance, skin color change, irritation, and other problems related to respiratory.

 

"The Hospitals & Clinics Segment is expected to Register Higher Growth by the End of 2026"

As indicated by an article in the journal of Back and Musculoskeletal Rehabilitation in 2014, scoliosis is observed in around 3% of individuals all around the globe, most usually among young females. In addition, expanded use of healthcare service benefits by patients in hospitals with scoliosis conditions, adoption of new 3D printing technology products, braces with tracking devices and major utilization of customized braces is driving development of the worldwide scoliosis management market. For example, as indicated by the United Sates Bone and Joint Initiative report, in 2011, around 229,000 individuals were hospitalized with scoliosis conditions. Higher cost of treatment, surgery and therapy cost along with less outcomes in various scoliosis cases are hampering the development of scoliosis management market. For example, as indicated by a research study in the Spine journal 2010, the normal mean expenses of nonsurgical care for scoliosis management were assessed to be as high as US$ 14,000 for length of 2 years. The average costs to the patient for scoliosis surgery is around US$110,000.

 

 

"Increasing Prevalence of Scoliosis Along With Minimally Invasive Procedures and the Presence of Established Players Holds North America in Dominant Position"

North America spearheaded the market in 2017 owing to the presence of established players along with increasing prevalence for scoliosis in children, mainly adolescent idiopathic scoliosis (10-18 years of age). Also, growing concerns about patient welfare among clinicians, increasing population, and development of novel scoliosis braces is driving the growth of the during the forecast period in North America. 

 

Asia Pacific expected to register comparatively higher CAGR over the forecast period due to rising number of patient admissions and growing awareness among the end users about newly manufactured custom based scoliosis braces in the thoracolumbosacral orthosis (TLSO) and CTLSO (Cervical Thoracic Lumbar Sacral Orthosis). Additionally, high incidence of scoliosis disorder, increase adoption rate of branded braces in developing nations, technology assessment with new tracking devices and rising demand for non-invasive therapies & medications along with awareness is expected to drive the market for scoliosis management during the forecast period.

 

"Dominance of Established Multinational Players with Strong Product Portfolio Makes Market Penetration Difficult For Emerging Players"

Major players in the scoliosis management market are Aspen Medical Products Inc., DJO Global, Ottobock, Horton's Orthotics & Prosthetics, Boston O&P, TRULIFE., Bauerfeind AG, Spinal Technology Inc., Fited, Wellinks, Inc. and others. These manufacturers are implementing growth strategies along with new technology assessment in braces, partnerships with hospitals and medical technology companies, mergers & acquisitions and alliances to increase economical benefits. For instance, in May 2017, the UNYQ Align scoliosis brace, it has been selected for permanent demonstration at the Cooper Hewitt Smithsonian Design Museum in the U.S., this particular brace has advanced 3D printing capabilities and is fabricated with topographic anatomical analysis.

 

Historical & Forecast Period

This study report represents analysis for each segment from 2016 to 2026 considering 2017 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2018 to 2026.

 

Report Scope by Segments

Scoliosis management market comprises current market trends and dynamics along with quantitative analysis of the global market. The report elucidates thorough information of global scoliosis management market by segmenting the market in terms of product, modality, end-use, and geography. This report would guide healthcare professionals and market players in decision-making and strategizing market position.

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