PUBLISHER: The Business Research Company | PRODUCT CODE: 1532055
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532055
Treatment for quadriplegia involves a comprehensive approach designed to enhance independence and quality of life for individuals experiencing paralysis in all four limbs. This typically includes physical therapy to maintain muscle strength, occupational therapy to acquire adaptive skills for daily activities, and the use of assistive devices such as wheelchairs. In some cases, surgical procedures or medications may be necessary to manage complications such as muscle spasms or pain.
Common medications used in quadriplegia treatment include corticosteroids, non-steroidal anti-inflammatory drugs (NSAIDs), antidepressants, anticonvulsants, narcotic analgesics, antispasmodics, muscle relaxants, and antibiotics. Corticosteroids, such as methylprednisolone, are often prescribed to reduce inflammation and swelling of the spinal cord following traumatic injuries, potentially improving neurological outcomes. These medications can be administered orally, intravenously, or through other routes, and are available through online stores, pharmacies, and hospital pharmacies.
The quadriplegia treatment research report is one of a series of new reports from The Business Research Company that provides quadriplegia treatment market statistics, including the quadriplegia treatment industry's global market size, regional shares, competitors with a quadriplegia treatment market share, detailed quadriplegia treatment market segments, market trends and opportunities, and any further data you may need to thrive in the quadriplegia treatment industry. This quadriplegia treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The quadriplegia treatment market size has grown strongly in recent years. It will grow from $1.78 billion in 2023 to $1.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. Historical growth can be credited to advancements in surgical techniques, the introduction of drugs such as corticosteroids, progress in stem cell therapy and regenerative medicine, the emergence of specialized rehabilitation programs, heightened awareness and advocacy by organizations and patient groups.
The quadriplegia treatment market size is expected to see strong growth in the next few years. It will grow to $2.60 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. Anticipated growth is expected due to the expansion and modernization of healthcare facilities, increased investment in research and development for spinal cord injury treatments, the rising availability and adoption of advanced wheelchairs, exoskeletons, and other mobility aids, the integration of telehealth and remote monitoring, and the adoption of telehealth services. Key trends in the forecast period include advanced exoskeletons, robotic rehabilitation systems, the expansion of telehealth platforms for remote consultations, the use of AI and machine learning algorithms for predicting complications, and advancements in 3D printing for customized orthotic and prosthetic devices.
The anticipated rise in spinal cord injuries is expected to drive growth in the quadriplegia treatment market. Spinal cord injuries (SCIs) occur due to trauma or disease, resulting in loss of mobility or sensation below the injury site. Factors contributing to increased SCI rates include higher occurrences of motor vehicle accidents, falls, sports injuries, and violence. Treatment for quadriplegia focuses on enhancing independence and quality of life through rehabilitation, assistive technologies, and medical management. For example, a report by the New Zealand Spinal Trust noted a rise in sporting and leisure-related SCIs, with wheeled non-motor sports and water-related accidents being major contributors. Consequently, the growing incidence of spinal cord injuries is a key driver of market expansion.
Leading companies in the quadriplegia treatment sector are innovating with products such as wireless tongue-controlled interfaces to enhance patient mobility and autonomy. These interfaces allow users to operate devices or communicate via tongue movements, significantly improving their quality of life. Augmental, a spinoff of Media Lab, launched MouthPad in April 2023-a tongue-controlled interface enabling hands-free interaction with digital devices. This device, featuring a custom-fit, 3D-printed mouthpiece and trackpad chip, detects tongue movements for device control, clicks, and gestures.
In December 2021, Baxter International Inc. acquired Hill-Rom Holdings Inc. to enhance medical technologies and digital health solutions. Hill-Rom, a prominent US-based medical device company in quadriplegia treatment, aims to innovate patient care across diverse healthcare settings through this partnership.
Major companies operating in the quadriplegia treatment market are Johnson & Johnson Services Inc., Merck & Co., Sanofi S.A., Bristol Myers Squibb Co., AstraZeneca plc, Abbott Laboratories, GlaxoSmithKline plc, Roche Holdings Inc., Takeda Pharmaceutical Co Ltd, Medtronic plc, Eli Lily & Co., Koninklijke Philips NV, Stryker Corporation, Teva Pharmaceuticals Industries Ltd., Baxter International, Boston Scientific Corporation, Zimmer Biomet Holdings Inc., Sun Pharmaceutical Industries Limited, Cipla Ltd, Ottobock SE & Co. KGaA, Zydus Lifesciences Ltd., Invacare Corporation, Sunrise Medical Company Private Limited, Pride Mobility Products Corp.
North America was the largest region in the quadriplegia treatment market in 2023. The regions covered in the quadriplegia treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the quadriplegia treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The quadriplegia treatment market includes revenues earned by entities by providing services such as speech therapy, respiratory therapy, psychological counseling and support, and medication management. The market value includes the value of related goods sold by the service provider or included within the service offering. The quadriplegia treatment market also includes sales of mobility aids, selective serotonin reuptake inhibitors, and serotonin and norepinephrine reuptake inhibitors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Quadriplegia Treatment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on quadriplegia treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for quadriplegia treatment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The quadriplegia treatment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.