Quadriplegia Treatment Market Trends

Growth Drivers

• Rising geriatric population - It is slated that elderly people are more prone to bone density-related problems such as osteoporosis, and other health problems that can become more common with age.In addition, there is a growing incidence of traumatic spinal cord injuries in the aged population, with falls appearing to be the primary source of these injuries resulting from weakened immune systems. According to recent research conducted by the World Health Organization approximately 28-35% of persons aged 65 and beyond fall each year, rising to 32-42% for those over 70 years of age. Furthermore, the number of older persons is expected to double again by 2050, when it is projected to reach nearly 2.1 billion.
• Increasing sports-related injuries - As a result, the chances of sports-related injuries including spinal cord injuries are also set to raise leading to more cases of quadriplegia requiring treatment. For instance, the most dangerous sports for catastrophic spinal injuries are football, ice hockey, wrestling, and others. Amongst them, injuries to the cervical spine are thought to affect over 10% of football players.Besides this, spearing is also known as a significant contributor to quadriplegia and damage to the cervical spine.
• Rising prevalence of spine tumors - It is anticipated that there may be a correlation between this and a higher likelihood of quadriplegia in those who have the tumor. The spinal cord tumor spreads to the spinal cord leading to acute cervical spinal cord damage, tumor compression, and other conditions, which can cause quadriplegia since tumors have the potential to grow larger and squeeze nearby tissues.According to studies, approximately 308,102 people were diagnosed with a primary brain or spinal cord tumor in 2020, and in 2023, there were around 5,220 new cases of CNS tumor diagnosis particularly, in the US among children under the age of 20.

Challenges

• Exorbitant cost of quadriplegia treatment - The cost of quadriplegia treatment depends on the severity of the damage, and the procedure also needs pricey equipment which requires frequent maintenance.Moreover, those who suffer total quadriplegia will incur significantly greater expenditures, as compared to those who suffer incomplete paraplegia. For instance, acute care costs in Australia ranged from around USD 42,500 for paraplegic patients to over USD 63,133 for quadriplegic patients.
• Stringent rules and regulations may create barriers to innovation and delay in bringing new treatments to the quadriplegia treatment market.
• Lack of skilled professionals in lower economic regions can impact the effectiveness of the treatment