The acute spinal cord injury market size is expected to see strong growth in the next few years. It will grow to $8.25 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to emerging therapies, telemedicine adoption, patient-centric care models, increasing focus on preventive healthcare and injury prevention. Major trends in the forecast period include medical advancements, rehabilitation techniques, neuroprotection therapies, psychosocial support, advocacy and accessibility.
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Segmentation & Regional Insights
The acute spinal cord injury market covered in this report is segmented –
1) By Type: Complete Spinal Cord Injury; Incomplete Spinal Cord Injury
2) By Diagnosis Type: Laboratory Tests; Imaging Tests
3) By Application: Hospitals; Clinics
North America was the largest region in the acute spinal cord injury market in 2023. The regions covered in acute spinal cord injury market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Increasing numbers of road accidents are expected to propel the acute spinal cord injury market going forward. A road accident refers to an incident involving the crashing of a motor vehicle that leads to wounding or severe fatality. Accidental spinal injuries can harm the central nervous system (CNS) and disrupt the passage of nerves required for function and sensory skills. The strength of an accident’s impact can cause trauma to the cervical, lumbar, or thoracic spine, damaging or severing the spinal cord and causing paralysis. For instance, in August 2022, according to the National Highway Traffic Safety Administration, a US-based government agency, 9,560 individuals died in traffic accidents in the first quarter of 2022, an increase of 7% compared to the 8,935 fatalities for the same period in 2021. Therefore, an increase in road accidents drives the growth of the acute spinal cord injury market.
Key Industry Players
Major players in the acute spinal cord injury market are Pfizer Inc., AbbVie Inc., Novartis AG, Teva Pharmaceutical Industries Ltd., Biogen Inc., Vertex Pharmaceuticals Inc., Mitsubishi Tanabe Pharma Corporation, Stanford Health Care, BioMarin Pharmaceutical Inc., Neuralstem Inc., Kennedy Krieger Institute, Acorda Therapeutics Inc., Craig Hospital, Omeros Corporation, Lineage Cell Therapeutics Inc., Pharmazz Inc., Asterias Biotherapeutics Inc., Histocell S.L., Athersys Inc., ReNetX Bio, Kringle Pharma Inc., BioArctic AB, BioAxone BioSciences Inc., InVivo Therapeutics Holdings Corp, Geron Corporation, Neuronax SA, Tenax Therapeutics, Eusol Biotech Co. Ltd.
The acute spinal cord injury market report table of contents includes:
1. Executive Summary
2. Acute Spinal Cord Injury Market Characteristics
3. Acute Spinal Cord Injury Market Trends And Strategies
4. Acute Spinal Cord Injury Market – Macro Economic Scenario
5. Global Acute Spinal Cord Injury Market Size and Growth
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31. Acute Spinal Cord Injury Market Other Major And Innovative Companies
32. Global Acute Spinal Cord Injury Market Competitive Benchmarking
33. Global Acute Spinal Cord Injury Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Acute Spinal Cord Injury Market
35. Acute Spinal Cord Injury Market Future Outlook and Potential Analysis
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