The global spinal cord trauma treatment market is expected to grow at a 3.7 percent compound annual growth rate to reach $3 billion by 2025, according to Persistence Market Research.
Here are five highlights:
1. The surgery segment is predicted to dominate the market controlling more than 85 percent. Currently the surgery segment is estimated at $1.9 billion; however, by 2025 the segment is project to reach a $2.6 billion value.
2. The limited number of emergency units and specific trauma centers challenges market growth. In the Middle East and Africa, few centers are available to patients.
3. In the Asia-Pacific region, the high cost of procedures and low end results has the potential to discourage patients from choosing cord trauma surgery, hindering market growth.
4. In Europe, various regenerative medicine companies are investing in alternative treatment modalities. These therapeutic treatment options will reduce the use of less effective treatment methods while growing the market.
5. The global spinal cord trauma treatment market was estimated at $2.27 billion in 2017.