The new report by Expert Market Research titled, ‘Asia Pacific Scoliosis Management Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Asia Pacific scoliosis management market, assessing the market based on its segments like product types, disease types, age groups, end-users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 5.6%
The growth of the Asia Pacific scoliosis management market is mainly driven by the high prevalence of the disease, high adoption rate of braces and advancement of technology with tracking devices, which can monitor the health of the patient. The increasing demand for non-invasive therapies is expected to drive the market for scoliosis braces. The growth of the scoliosis management market is mainly driven by the increasing prevalence of scoliosis in the global population. Due to rising healthcare expenditure and the easy availability of management solutions, the market in the Asia Pacific is anticipated to grow at the highest CAGR over the forecast period. Moreover, consistent technological advancement and product launches in this region also aid the growth of the scoliosis management market.
Industry Definition and Major Segments
Scoliosis is a three-dimensional spine and trunk deformity characterised by lateral deviation, rotation, and a change in the sagittal profile. Scoliosis treatment is advised because the disorder can have a substantial impact on a patient’s quality of life and other health issues.
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By product type, the market is segmented into:
• Cervical Thoracic Lumbar Sacral Orthosis (CTLSO)
• Lumbosacral Orthosis (LSO)
• Thoracolumbosacral Orthosis (TLSO)
Based on disease type, the market is classified into:
• Adolescent Idiopathic Scoliosis
• Degenerative Scoliosis
By age group, the market is divided into:
• Paediatrics
• Adolescent
• Adults
The end-user segments includes:
• Hospitals
• Ambulatory Surgical Centres
• Clinics
• Others
On the basis of region, the market is segmented into:
• China
• Japan
• India
• ASEAN
• Australia
• Others
Market Trends
The less expensive braces and increasing awareness among people are expected to increase market growth over the forecast period. Manufacturers are developing products for the scoliosis management market that have the potential to push the spine into a correct position with their customised fitting. Besides, significant research and development activities have also been carried out to improve the treatment of scoliosis. Other factors, such as the presence of more sophisticated healthcare infrastructure, higher prevalence of the disease, high research and development expenditure by governmental bodies, and availability of favourable reimbursement policies in this region boost the overall growth of the scoliosis management market.
Key Market Players
The major players in the market are Medtronic, Johnson & Johnson Services, Inc., Orthofix Holdings, Inc., Aspen Medical Products, LLC, NuVasive, Inc., and DJO Global, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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