The brain and the spinal cord compose the Central Nervous System. The Spinal cord consists of nerve fibres that transmit impulses to and from the brain. The spinal cord is protected by three connective-tissue envelopes called the meninges. The space between the middle and outer envelopes is filled with cerebrospinal fluid, a clear colorless fluid that cushions the spinal cord against jarring shock.
In terms of value, the global market for spinal cord trauma treatment is estimated to be valued at US$ 2,276.3 million. The global spinal cord trauma treatment market is expected to expand at a CAGR of 3.7% over the forecast period to reach a value of US$ 3,036.2 million by 2027 end. This growth is expected to be primarily driven by increasing incidence of spinal cord trauma, and increasing government support to reduce the burden of spinal cord injuries. Additionally, development of nerve cells growth therapy is expected to boost the market in near future.
Hospitals segment accounted for 53.2% value share in 2017 and is projected to account for 52.5% share by 2025 end. With US$ 1,870.3 million market value in 2025, this segment is likely to expand at CAGR 3.8% throughout the projected period. This market is segmented into five regions such as North America, Latin America, Europe, APAC and MEA. Asis-Pacific account for the largest market share in the global spinal cord thauma treatment market. Large patient population as a result of the high rate of road accidents and crime is making the asis pacific region most attractive market for spinal cord trauma treatment. On the other hand, MEA and Latin America is expected to be the least attractive market for spinal cord trauma treatment, with attractiveness index of 0.3 and 0.5 respectively over the forecast period.
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