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Research Nester published a report titled “Quadriplegia Treatment Market : Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global quadriplegia treatment market in terms of market segmentation by treatment type, route of administration, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global quadriplegia treatment market is estimated to occupy a large amount of revenue by growing at a CAGR of ~4% during the forecast period, i.e., 2022 – 2031, ascribing to the rising number of cases of spinal cord injuries, and surging number of road accidents occurring every year in the world. Along with these, growing research & development activities in the field of quadriplegia treatment, and escalating technological advancements in the healthcare sector are also expected to drive the growth of the market in the forthcoming years.
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The market is segmented by treatment type, route of administration and distribution channel. Based on treatment type, the non-steroidal anti-inflammatory drugs segment is anticipated to acquire the largest share during the forecast period in view of the high utilization of these drugs, such as ibuprofen and naproxen, for relieving mild to severe pain resulting after a spinal cord injury. Additionally, by route of administration, the oral segment is projected to grab the largest share over the forecast period attributing to the non-invasive nature and ease of convenience of this type of drug administration.
Geographically, the global quadriplegia treatment market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to gather the largest share in the market during the forecast period attributing to the high annual medical cost to treat acute spinal cord injuries in the region. Moreover, the market in Europe is also assessed to acquire a significant share over the forecast period on the back of the rising healthcare expenditure, and increasing number of research institutes working towards the diagnosis and treatment of neurological diseases in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Number of Cases of Spinal Cord Injuries Worldwide to Boost Market Growth
Quadriplegia is a condition caused by spinal cord injuries, which is further caused by trauma at the base of neck and skull. Over the last decade, the total number of incidents of spinal cord injuries have witnessed a hike as a result of growing number of vehicular accidents, violence and sports related injuries. This in turn is anticipated to drive market growth significantly in the near future.
However, expensiveness of quadriplegia treatment is expected to operate as key restraint to the growth of the global quadriplegia treatment market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global quadriplegia treatment market which includes company profiling of Sanofi SA, AstraZeneca plc, GlaxoSmithKline plc, Johnson & Johnson Services, Inc., Bristol Myers Squibb Company, Eli Lily & Company, Teva Pharmaceuticals, Inc., Takeda Pharmaceutical Co Ltd, F-Hoffmann La Roche AG, Merck & Co., Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global quadriplegia treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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