Ottawa, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The global cervical spondylosis diagnosis and treatment market size is predicted to increase from USD 3.09 billion in 2023 to approximately USD 6.30 billion by 2032, according to a study published by Towards Healthcare a sister firm of Precedence Statistics.
Download a short version of this report @ https://www.towardshealthcare.com/personalized-scope/5134
Cervical Spondylosis Diagnosis & Treatment Market at a Glance
Cervical spondylosis is a disk degenerative disorder causing wear and tear, mostly affecting the geriatric population. The term “cervical” describes the seven stacked bones (vertebrae) of the neck. Cervical spondylosis is characterized by the deterioration and drying out of the disks, which results in the collapse and settling of the disk space and loss of height.
The patients experience pain and stiffness in the neck, restricting movement. Some may also experience headaches, tingling, and numbing sensations. Since the condition affects the skeletal muscles and the nerves, the diagnosis of cervical spondylosis includes X-rays, CT scans, MRIs, myelograms, and electromyography. The treatment of this condition includes pain relievers and physical therapy. The rising geriatric population and the increasing incidences of cervical spondylosis drive market growth.
Top Companies in the Cervical Spondylosis Diagnosis & Treatment Market
- Novartis AG
- Merck & Co., Inc.
- Bayer AG
- Abbott
- Ortho Bracing
- Medtronic
- Stryker Corporation
- B. Braun Medical
- Aspen Medical Products, LLC
Rising Cases of Cervical Issues to Boost the Market’s Growth
Cervical spondylosis is a natural age-related disease mainly affecting people over 65 years of age. Nearly 95% of people over 65 years of age suffer from cervical spondylosis. The prevalence of cervical spondylosis is not limited to the senior population. According to a study, over 25% of people develop cervical spondylosis with less than 40 years of age and approximately 50% of people develop cervical spondylosis over 40 years of age.
Additionally, the rise in sedentary lifestyles, like sitting in the same posture for a long time and a lack of physical exercise, triggers cervical spondylosis. All these factors necessitate effective diagnosis and treatment and act as drivers for market growth.
Limited Medications as a Restraint for Cervical Spondylosis Diagnosis & Treatment Market
Patients with cervical spondylosis are given NSAIDs like aspirin, ibuprofen, indomethacin, etc. for pain relief. Additionally, they can also be prescribed anti-inflammatory corticosteroids; muscle relaxants, which reduce muscle spasms; or antidepressants. All these medications are responsible for providing symptomatic relief. However, the treatment of the root cause of the disease is unavailable. This may limit the market’s growth potential.
You can place an order or ask any questions, please feel free to contact us at sales@towardshealthcare.com
Deep Learning as an Opportunity for Cervical Spondylosis Diagnosis & Treatment Market
Recent advancements in the field of artificial intelligence (AI), especially in the areas of deep learning (DL) and machine learning (ML), have significantly advanced the field of computer-aided diagnosis (CAD) and other medical diagnosis. The ability of ML and DL to handle and evaluate large datasets enhances the functionality and applicability of diagnostic algorithms and can also find their application in cervical spondylosis. Convolutional neural networks (CNN), a type of DL, can be helpful in imaging recognition and classification.
- In April 2024, researchers from Beijing developed a CNN model, ResNet-34, to detect cervical spondylosis using a cervical spine radiograph. The results proved a 21.4% increase in accuracy compared to the conventional diagnostic method.
Regional Insights
North America dominated the cervical spondylosis diagnosis & treatment market. The increasing incidence and prevalence rates of the disease, sedentary lifestyles, state-of-the-art healthcare facilities, and advanced research and development are the major drivers of the cervical spondylosis market. According to the WHO, approximately 16-17% of the population in the US is over 65 years of age and is projected to further increase to 20-22% by 2050. These factors augment the market growth in the North American region.
Asia Pacific is estimated to grow faster during the forecast period. China’s healthcare system has improved significantly over the last two decades, with a high life expectancy and rising healthcare quality. According to a study, the prevalence of cervical spondylosis was found to be 13.76% among 3859 people aged 45-60 years. Also, the Japanese government’s emphasis on quality healthcare, especially for the elderly, can boost market potential. The advanced research and development facilities, due to increased collaboration and funding, significantly benefit the region. The trust and awareness in using traditional medicines increases the scope of market growth.
Customize this study as per your requirement @ https://www.towardshealthcare.com/customization/5134
Major Breakthroughs in the Cervical Spondylosis Diagnosis & Treatment Market
- In December 2021, researchers at the Mayo Clinic announced their plans to investigate a protein-based adjunct therapy for cervical spondylotic myelopathy. The study expands upon a genetic mutation known as the Val66Met polymorphism in the brain-derived neurotropic factor gene. It is being evaluated in animal models to see if the therapy enhances function following spinal decompression surgery.
- In March 2024, researchers at Wangjing Hospital, Beijing, developed a robotic trainer to help young physicians learn the skills. The robot could train the physicians in rotation-traction manipulation techniques and also provide feedback on their performance.
Browse More Insights of Towards Healthcare
1. 503B Compounding Pharmacies Market: Projected Growth and Future Outlook (2024-2033
The 503B compounding pharmacies market size was valued at $1.08 billion in 2023 and is expected to reach $2.25 billion by 2033. This growth represents a compound annual growth rate (CAGR) of 7.63% from 2024 to 2033.
2. Microfluidics Market Growth and Trends Report (2024-2033)
The microfluidics market was valued at $31.80 billion in 2023 and is expected to expand to $103.06 billion by 2033. This growth corresponds to a CAGR of 12.50% from 2024 to 2033.
3. Antibody Drug Conjugate Market Size and Segment Analysis
The antibody drug conjugate (ADC) market was valued at approximately USD 11.32 billion in 2023. It is anticipated to reach USD 27.37 billion by 2033, growing at a compound annual growth rate (CAGR) of 9.23% from 2024 to 2033.
4. The alopecia areata market size is estimated to grow from USD 3.09 billion in 2023 to around USD 6.30 billion by 2032, registering a CAGR of 7.6% between 2024 and 2032.
5. The atrial fibrillation treatment market size was estimated at USD 23.06 billion in 2023 and is projected to expand USD 37.42 billion by 2033, growing at a 5.2% of CAGR between 2023 and 2033.
6. The infertility treatments market reached USD 1.58 billion in 2023 and is projected to expand to USD 3.28 billion by 2033, demonstrating a robust compound annual growth rate (CAGR) of 7.9% over the forecast period.
7. The biologics market size reached USD 419.07 billion in 2023, projections indicates to attain an impressive USD 845.78 billion by 2033, with an expected CAGR of 7.6% by 2032.
8. The active pharmaceutical ingredients (APIs) market size is estimated to grow from USD 187.26 billion in 2022 to surpass around USD 344.91 billion by 2032, expanding at a CAGR of 6.66% between 2023 and 2032.
9. The health insurance market size is estimated to grow from USD 1.54 trillion in 2022 to surpass around USD 3.02 trillion by 2032, registered at a CAGR of 7.4% between 2023 and 2032.
10. The antacids market size is estimated to grow from USD 7.00 billion in 2022 to surpass around USD 9.64 billion by 2032, registered at a CAGR of 3.30% between 2023 and 2032.
Segmental Insights:
By Diagnosis
Neck X-rays dominated the cervical spondylosis diagnosis and treatment market. X-rays are the cheapest and most common tool for the indication of cervical spondylosis. An X-ray can reveal spinal abnormalities, such as bone spurs, which are indicative of cervical spondylosis.
A neck X-ray can also rule out less common but potentially more dangerous reasons for stiffness and pain in the neck, like tumors, cancer, infections, and fractures.
By Product Type
Medications dominated the cervical spondylosis diagnosis and treatment market with a 38% market share. Medications like NSAIDs are the common choice of treatment as they relieve both pain and inflammation.
The different drugs used for relieving pain include paracetamol, ibuprofen, naproxen, and aspirin. Other medications, like opioid pain relievers and muscle relaxants (cyclobenzaprine, carisoprodol), are used in cases of serious contraindications to NSAIDs.
By Distribution Channel
Hospital pharmacies dominated the cervical spondylosis diagnosis and treatment market with a 40% market share. Hospitals provide appropriate diagnosis and treatment facilities tailored to the patient’s needs. Hospital pharmacies dispense medications on the advice of doctors or medical professionals, depending on the patient’s condition.
Cervical Spondylosis Diagnosis & Treatment Market TOC | Table of Content
Executive Summary
- Overview of the Cervical Spondylosis Diagnosis & Treatment Market
- Market Size and Forecast
- Key Trends and Developments
- Competitive Landscape
Introduction
- Definition of Cervical Spondylosis
- Importance of Diagnosis and Treatment
- Market Dynamics
Cervical Spondylosis Diagnosis & Treatment Market Segments
By Diagnosis
- Imaging Tests
- Neck X-ray
- MRI
- CT Myelography
- Nerve Function Tests
- Electromyography
- Nerve Conduction Study
By Product Type
- Medications
- Non-steroidal Anti Inflammatory Drugs
- Muscle Relaxants
- Antidepressants
- Pain Relievers
- Medical Devices
- Cervical Collars
- Neck Traction Devices
- TENS Units
- Cervical Pillows
- Surgical Instruments
- Spinal Implants
- Other Surgical Instruments
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Cross-Segmentation Analysis
- By Diagnosis and Product Type
- Imaging Tests vs. Medications
- Neck X-ray and NSAIDs
- MRI and Muscle Relaxants
- CT Myelography and Antidepressants
- Nerve Function Tests and Pain Relievers
- Nerve Function Tests vs. Medical Devices
- Electromyography and Cervical Collars
- Nerve Conduction Study and Neck Traction Devices
- Electromyography and TENS Units
- Nerve Conduction Study and Cervical Pillows
- Surgical Instruments and Spinal Implants
- Other Surgical Instruments
- Imaging Tests vs. Medications
- By Diagnosis and Distribution Channel
- Imaging Tests vs. Hospital Pharmacies
- Nerve Function Tests vs. Retail Pharmacies
- Nerve Function Tests vs. Online Pharmacies
- By Product Type and Distribution Channel
- Medications vs. Hospital Pharmacies
- NSAIDs
- Muscle Relaxants
- Antidepressants
- Pain Relievers
- Medical Devices vs. Retail Pharmacies
- Cervical Collars
- Neck Traction Devices
- TENS Units
- Cervical Pillows
- Surgical Instruments
- Medical Devices vs. Online Pharmacies
- Cervical Collars
- Neck Traction Devices
- TENS Units
- Cervical Pillows
- Spinal Implants
- Other Surgical Instruments
- Medications vs. Hospital Pharmacies
Competitive Landscape
- Company Profiles
- Novartis AG
- Merck & Co. Inc.
- Bayer AG
- Abbott
- Ortho Bracing
- Medtronic
- Stryker Corporation
- B. Braun Medical Ltd.
- DJO, LLC
- Aspen Medical Products, LLC
- Market Share Analysis
- Recent Developments
- Strategic Initiatives
Go-to-Market Strategies (Selective Region)
Introduction to Go-to-Market Strategies
- Overview of Go-to-Market Strategies
- Importance in the Cervical Spondylosis Market
Market Entry Strategies
- Identifying Target Markets
- Assessing Market Needs and Gaps
- Regulatory Considerations
Product Positioning
- Differentiation Strategies
- Value Proposition Development
- Competitive Positioning
Distribution Channel Strategies
- Optimizing Hospital Pharmacy Channels
- Expanding Retail Pharmacy Presence
- Leveraging Online Pharmacies
Pricing Strategies
- Pricing Models and Structures
- Competitive Pricing Analysis
- Value-Based Pricing
Promotion and Marketing Strategies
- Advertising and Branding Campaigns
- Digital Marketing and Social Media
- Educational and Training Programs
Partnership and Collaboration Strategies
- Strategic Alliances with Healthcare Providers
- Collaborations with Medical Device Manufacturers
- Partnerships with Pharmacies and Distributors
Sales and Customer Support Strategies
- Sales Force Deployment and Management
- Customer Service and Support Initiatives
- Feedback and Improvement Mechanisms
Market Penetration and Expansion Plans
- Regional Expansion Strategies
- New Product Introductions
- Market Penetration Techniques
Monitoring and Evaluation
- Key Performance Indicators (KPIs)
- Market Feedback and Adaptation
- Success Metrics and Reporting
Future Trends and Adaptation Strategies
- Emerging Market Trends
- Adapting to Market Changes
- Strategic Recommendations for Future Growth
Integration of AI in the Market
Introduction to AI Integration
- Overview of Artificial Intelligence in Healthcare
- Relevance to Cervical Spondylosis Diagnosis & Treatment
AI in Diagnosis
- Imaging and Diagnostics
- AI-Powered Imaging Analysis (X-ray, MRI, CT Myelography)
- Enhanced Diagnostic Accuracy and Efficiency
- Nerve Function Tests
- AI for Electromyography (EMG) Analysis
- AI for Nerve Conduction Studies (NCS)
AI in Treatment
- AI-Driven Medication Management
- Predictive Analytics for Drug Efficacy
- Personalized Treatment Plans
- AI in Medical Devices
- Smart Cervical Collars and Traction Devices
- AI-Augmented TENS Units and Cervical Pillows
- AI in Surgical Instruments
- AI-Assisted Spinal Implants and Surgical Planning
- Robotics and Automation in Surgery
AI in Distribution and Supply Chain
- Optimizing Distribution Channels with AI
- AI for Inventory Management
- Predictive Analytics for Demand Forecasting
- Enhancing Online Pharmacy Platforms
- AI-Driven Personalized Recommendations
- Chatbots and Virtual Assistants for Customer Support
AI in Market Analysis and Strategy
- AI for Market Research and Trends Analysis
- Predictive Market Analytics
- Consumer Behavior Insights
- Strategic Decision Making with AI
- Data-Driven Marketing Strategies
- Competitive Intelligence and Benchmarking
AI-Enabled Innovation and Future Trends
- Emerging AI Technologies in Cervical Spondylosis Care
- Future Trends and Potential Impact
- AI Integration Challenges and Solutions
Regulatory and Ethical Considerations
- Regulatory Framework for AI in Healthcare
- Ethical Issues and Data Privacy Concerns
- Compliance with Standards and Guidelines
Case Studies and Real-World Applications
- Successful AI Implementations in Diagnosis and Treatment
- Lessons Learned and Best Practices
Conclusion and Recommendations
- Summary of AI Impact
- Strategic Recommendations for AI Integration
Production and Consumption Data
Introduction to Production and Consumption Data
- Overview of Production and Consumption Dynamics
- Importance in the Cervical Spondylosis Market
Production Data
- Production by Segment
- Medications
- Production Volume
- Major Manufacturers
- Medical Devices
- Cervical Collars
- Neck Traction Devices
- TENS Units
- Cervical Pillows
- Surgical Instruments
- Spinal Implants
- Other Surgical Instruments
- Medications
- Production Trends
- Historical Trends
- Recent Developments
- Future Projections
- Regional Production Analysis
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Consumption Data
- Consumption by Segment
- Medications
- Consumption Volume
- Key Markets
- Medical Devices
- Cervical Collars
- Neck Traction Devices
- TENS Units
- Cervical Pillows
- Surgical Instruments
- Spinal Implants
- Other Surgical Instruments
- Medications
- Consumption Trends
- Historical Trends
- Recent Developments
- Future Projections
- Regional Consumption Analysis
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Supply and Demand Analysis
- Supply Chain Overview
- Key Suppliers
- Supply Chain Dynamics
- Demand Analysis
- Demand Drivers
- Market Demand Forecast
Market Balance
- Production vs. Consumption
- Balancing Production and Consumption
- Market Imbalances and Solutions
Conclusion
- Summary of Key Findings
- Strategic Recommendations
Strategic Plannings
Opportunity Assessment
- Market Opportunities
- Emerging Trends
- Untapped Market Segments
- Technological Advancements
- Competitive Landscape
- Key Competitors
- Market Gaps
- SWOT Analysis
- Strengths
- Weaknesses
- Opportunities
- Threats
New Product Development
- Market Needs and Requirements
- Identifying Unmet Needs
- Customer Preferences and Feedback
- Innovation and R&D
- Current Innovations
- Research and Development Focus Areas
- Product Lifecycle Management
- Development Stages
- Launch Strategies
- Post-Launch Monitoring
Plan Finances/ROI Analysis
- Financial Planning
- Budgeting and Cost Management
- Investment Requirements
- ROI Analysis
- Calculating Return on Investment
- Financial Metrics and KPIs
- Risk Management
- Financial Risks and Mitigation Strategies
Supply Chain Intelligence/Streamline Operations
- Supply Chain Overview
- Key Suppliers and Partners
- Supply Chain Dynamics
- Streamlining Operations
- Efficiency Improvements
- Cost Reduction Strategies
- Technology Integration
- AI and Automation in Supply Chain
- Data Analytics and Insights
Cross-Border Intelligence
- International Market Analysis
- Key Markets and Regions
- Market Entry Strategies
- Regulatory and Compliance
- International Regulations
- Compliance Strategies
- Cross-Border Partnerships
- Strategic Alliances
- Distribution and Logistics
Business Model Innovation
- Business Model Assessment
- Current Business Models
- Opportunities for Innovation
- Innovation Strategies
- New Revenue Streams
- Value Proposition Enhancement
- Implementation and Scaling
- Strategies for Scaling Innovative Models
- Monitoring and Adapting
Blue Ocean vs. Red Ocean Strategies
- Blue Ocean Strategy
- Creating New Market Spaces
- Differentiation and Value Innovation
- Red Ocean Strategy
- Competing in Existing Market Spaces
- Cost Leadership and Competitive Positioning
- Strategic Recommendations
- Choosing the Right Strategy for Market Position
- Balancing Blue and Red Ocean Approaches
Market Trends and Opportunities
- Emerging Trends
- Technological Advancements
- Market Opportunities and Challenges
Regulatory and Safety Guidelines
- Regulatory Framework
- Safety Guidelines and Standards
Future Outlook and Forecast
- Market Forecast (by Segment)
- Growth Drivers
- Challenges and Risks
Conclusion
- Summary of Key Findings
- Recommendations
Appendix
- Methodology
- References
- Glossary
Acquire our comprehensive analysis today @ https://www.towardshealthcare.com/price/5134
You can place an order or ask any questions, please feel free to contact us at sales@towardshealthcare.com
Gain access to the latest insights and statistics in the healthcare industry by subscribing to our Annual Membership. Stay updated on healthcare industry segmentation with detailed reports, market trends, and expert analysis tailored to your needs. Stay ahead of the curve with valuable resources and strategic recommendations. Join today to unlock a wealth of knowledge and opportunities in the dynamic world of healthcare: Get a Subscription
About Us
Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. We are a global strategy consulting firm that assists business leaders in gaining a competitive edge and accelerating growth. We are a provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations.
Browse our Brand-New Journals:
https://www.towardspackaging.com
https://www.towardsautomotive.com
https://www.precedenceresearch.com
For Latest Update Follow Us: https://www.linkedin.com/company/towards-healthcare
Get Our Freshly Printed Chronicle: https://www.healthcarewebwire.com
