Pune, India -- (SBWIRE) -- 10/08/2018 -- Market Scenario:
Deformity is any abnormality of the formation, alignment, or shape of the vertebral & lumber column. Deformity occurs in various part of the body including knee, ankle, spinal and others. According to the Centers for Disease Control and Prevention (2015), each year, about 3-6% of infants worldwide suffer from a serious birth defect which represents millions of babies and families with life-altering conditions like congenital heart defects and spina bifida. Increasing number of patients suffering from the disease, increasing healthcare expenditure and rising government support for research & development have driven the growth of the market. Additionally, rising demand for better treatment, and changing lifestyle habits have fuelled the growth of the market. However, the cost of the surgery is too high and is not affordable to people in the developing regions of the world. Thus, the high cost and limited number of treatments may restrain the market.
The global deformity market is expected to grow at a CAGR of 7.1% during the forecast period.
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Segmentation
The global deformity market is segmented on the basis of types, therapy and end users.
On the basis of types, the market is segmented into congenital, and acquired. Congenital deformity is further segmented into Sprangel's shoulder, elbow joint congenital dislocation, and others.
On the basis of therapy, the market is the market is segmented into diagnosis and treatment. Diagnosis is further segmented into MRI, CT scan, bone scan and others. Treatment is further categorized into medical therapy, surgical therapy, postoperative care, long-term monitoring and others.
On the basis of end users, the market is segmented into hospital & clinics, orthopedic care centers and others.
Regional Analysis
The Americas dominates the global deformity market owing to large patient population. According to the Physicians Committee (2015), approximately 3% of all children born in the U.S. have a major malformation at birth. Increasing number of people suffering from deformity and other bones disease have driven the growth of the Americas deformity market. Additionally, increasing government support for research & development, availability of funds for research, and high per capita income will fuel the growth of the market. Increasing awareness among people regarding the disease and well-developed technology will create opportunities for the development of the market.
Europe accounts for the second leading deformity market, which is followed by Asia Pacific. Increasing patient population, availability of funds for research, and government support for research & development projected to drive the market in Europe. Germany, France and U.K is expected to lead the European market.
Asia Pacific is the fastest growing region in the global deformity market owing to rapidly increasing population, the developing economies and rising demand for the better treatment options for the diseases. India and China holds the major share of the market.
Whereas, the Middle East & Africa owns the least share of the global deformity market due to the presence of poor economy, especially, in the Africa region. The market of this region is dominated by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure. However, Africa region shows the fastest growth for the market.
Key players for global Deformity market
SpineCraft, LCC (U.S.)
DePuy Synthes (U.S.)
NuVasive (U.S.)
OrthoPediatrics Corp. (U.S.)
3M (U.S.)
Bristol-Myers Squibb and Company (U.S.)
Braun (Germany)
Stryker Corporation (U.S.)
Pfizer Inc. (U.S.)
Lineage Medical, Inc. (U.S.)
Johnson & Johnson Services Inc. (U.S.)
Argon Medical Devices, Inc (the Netherlands)
Cook Medical (U.S.)
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Detailed Table of Contents:
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porter's Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
… Continued!
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