The Cervical Spondylosis Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cervical Spondylosis Treatment Global Market Report 2024, The cervical spondylosis treatment market size has grown strongly in recent years. It will grow from $5.51 billion in 2023 to $5.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to aging population, increased prevalence of sedentary lifestyles, growth in awareness of cervical spondylosis, expansion of healthcare infrastructure, rise in musculoskeletal disorders.
The cervical spondylosis treatment market size is expected to see strong growth in the next few years. It will grow to $7.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growing healthcare investments, adoption of minimally invasive procedures, rise in patient awareness and education, increasing focus on preventive measures, integration of telemedicine in treatment approaches. Major trends in the forecast period include personalized treatment plans, rise of non-surgical interventions, development of home-based therapeutic solutions, integration of digital health platforms, emphasis on holistic and multidisciplinary approaches.
The increasing prevalence of cervical spondylosis is expected to propel the growth of the cervical spondylosis treatment market going forward. Cervical spondylosis is a degenerative condition affecting the joints and discs in the cervical spine (neck region). These treatments ease pain, keep individuals as active as possible, avoid irreparable damage to the spinal cord and nerves of people suffering from cervical spondylosis, and promote well-being. For instance, in 2022, according to the American Academy of Orthopedic Surgeons, in April 2021, over the age of 60, more than 85% of people were afflicted with cervical spondylosis. Therefore, the increasing prevalence of cervical spondylosis is driving the cervical spondylosis treatment market.
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The cervical spondylosis treatment market covered in this report is segmented –
1) By Type of Treatment: Medications, Physical Therapy, Surgery
2) By Application: Youth, Elderly
3) By End User: Hospitals, Ambulatory Surgical Centers, Homecare Settings
Product innovations are a key trend gaining popularity in the cervical spondylosis treatment market. Major companies operating in the cervical spondylosis treatment market are introducing innovative products to sustain their position in the market. For instance, in March 2021, Sleepsia, a US-based manufacturer of innovative pillows, launched a new cervical pillow for treating the symptoms of cervical spondylosis, such as neck pain. The new pillow is specially designed and must be firmer and softer. It gives a natural curvature to the neck and helps reduce the spinal issues caused by the wrong mattress or pillows. It also has hypoallergenic fabric that is dust mite resistant as well.
The cervical spondylosis treatment market report table of contents includes:
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