Common symptoms of cervical spondylosis include neck pain, pain that radiates from the neck to arms or shoulders, headaches, muscle spasm, and decreased movement. Key treatment options for cervical spondylosis include pain medication, physical therapy, cervical collar or brace, epidural steroid injections, and surgical procedures. Minimally invasive treatments like artificial disc replacement surgery are gaining popularity due to benefits like faster recovery and fewer surgical risks.
The Global cervical spondylosis treatment market is estimated to be valued at US$ 6.03 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the cervical spondylosis treatment are American Tower Corporation, AT&T Inc., Bharti Infratel Limited, China Tower Corporation, Crown Castle International Corporation, GTL Infrastructure Ltd, Helios Tower Africa, SBA Communications Corporation, T-Mobile Tower, and Viom Networks. These companies are actively launching various treatment devices and drugs to strengthen their market position.
Key opportunities in the Cervical Spondylosis Treatment Market Demand include a rise in medical tourism for advanced cervical spondylosis treatments in developing nations and growing demand for minimally invasive treatment procedures. Government initiatives to increase awareness about cervical spondylosis preventive measures will also boost the market size.
Advancements in areas like drug-coated balloons, robot-assisted surgery, 3D printing of artificial discs, and stem-cell therapy offer promising treatment options with reduced post-surgical recovery times. Wider acceptance of outpatient epidural injections and new physical therapy techniques are furthering the adoption of non-surgical treatments.
Market drivers: Rapid growth in geriatric population worldwide is a major market driver as cervical spondylosis is more prevalent among older individuals. Aging leads to natural wear and tear in the spinal discs making individuals more susceptible to the condition. Rising health awareness and medical insurance coverage are encouraging more people to seek professional treatment rather than depending on over-the-counter medication. This is expected to propel the market revenues during the forecast period.
Current Challenges in Cervical Spondylosis Treatment Market
The cervical spondylosis treatment market is facing various challenges currently including high cost of treatment procedures, lack of skilled healthcare professionals for certain specialized treatments, and unawareness about disease conditions in developing regions of the world. Other challenges include lower adoption of new and innovative treatments, risk and complications associated with some surgical procedures, and lack of reimbursement policies for treatments in many countries.
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