Research Nester released a report titled “Pediatric Scoliosis Treatment Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global pediatric scoliosis treatment market in terms of market segmentation by scoliosis type, by treatment and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market for pediatric scoliosis treatment is anticipated to grow at a significant CAGR during the forecast period, i.e., 2019-2027 on account of growing prevalence of the disorder among children. The market is segmented by scoliosis type, by treatment and by region. Out of these, the treatment segment is further segmented into physical therapy, scoliosis braces, surgery and others, out of which, the scoliosis braces segment is estimated to observe the highest growth as it is the most preferred treatment method among children. As per the National Scoliosis Foundation, scoliosis is estimated to affect around 2-3% of the population in the United States every year, which is about 7 million people in the country. Moreover, the disorder is mostly diagnosed among children between the ages of 10 and 15. Surgery is usually not favored for children until they grow up to a certain age, hence, scoliosis braces are used to correct the condition.
The market in North America is anticipated to hold the largest share in pediatric scoliosis treatment market on account of increasing technological advancements in the healthcare industry and presence of major key players in the region. The market in Asia-Pacific is estimated to witness the highest growth rate during the forecast period which can be attributed to the rising research and development activities in the region.
Growing Research And Development Activities To Boost The Market Growth
The increasing expenditure on research and development activities is a major growth escalating factor for scoliosis treatment devices. For instance, in 2016, UNESCO reported that 2.2% of the world’s GDP was spent on R&D activities. This is estimated to propel the growth of pediatric scoliosis treatment market in the upcoming years.
However, the strict FDA approval for these treatment methods and the lack of skilled professionals along with limited availability for such treatment methods are some factors which are anticipated to restrain the market growth.
This report also provides the existing competitive scenario of some of the key players of the global pediatric scoliosis treatment market which includes company profiling of Boston Orthotics & Prosthetics, Aspen Medical Products, Lawall Prosthetics and Orthotics, Cymortho, UNYQ, The SpineCorporation Limited, Professional Technologies International, Charleston Bending Brace, Össur (OSSR) and Spinal Technology, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global pediatric scoliosis treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.