Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD xx Million | USD xx Million | 4.2% | 2021 |
FrequentlyAsked Questions
Quadriplegia is caused by damage to the spinal cord that occurs as a result of trauma to the base of the skull or the neck. Quadriplegia is caused by a variety of factors including paralysis following spinal tumors, accidents, and other spinal disorders. A spinal cord injury can result in half or complete limb paralysis. It is been reported that every year, approximately 250,000 -500,000 people worldwide have a spinal cord injury. The majority of these occurrences are the result of avoidable factors such as car accidents and violence Annually, around 17,000 instances of spinal cord injury are reported in the United States, with an estimated 282,000 people living with the condition. Such a huge burden of disease is estimated to boost the demand for quadriplegia treatment, thereby driving market growth.
According to the Zion Market Research report, the global quadriplegia treatment market is predicted to grow with a compound annual growth rate (CAGR) of around 4.2 percent over the forecast period.
Among the regions, North America is estimated to dominate the global quadriplegia treatment market and is expected to retain its dominance during the forecast period. The US is predicted to hold the largest market share owing to advanced technologies and growing awareness regarding different treatment options for quadriplegia.
Major players functioning in the global quadriplegia treatment market include GlaxoSmithKline, Hoffmann La Roche, Zydus Cadila, Baxter International, Sanofi Pharmaceuticals, Merck & Co., Eli Lily & Co., Bristol Myers Squibb Co., Johnson & Johnson, Cipla, and AstraZeneca.
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