Key Players in the Spinal Cord Injury Treatment Market

Report Highlights:

• Complete spinal cord injuries held the largest market share in 2023, accounting for 60%.
• Corticosteroids made up 40% of the market share in 2023.
• Hospitals were the leading contributors to the market, holding 60% of the share in 2023.
• Every year, approximately 18,000 new spinal cord injuries are reported in the United States, based on an annual incidence rate of 54 cases per million people. The high number of individuals living with spinal cord injuries underscores the ongoing need for prevention and treatment efforts.

A spinal cord injury occurs when the bundle of nerves in the spine is damaged, which can lead to changes in sensation, movement, and strength below the injury site. This injury can result from direct trauma or damage to the bones around the spine. Symptoms vary depending on the severity and location of the injury. Injuries higher up on the spine can affect larger areas of the body, potentially causing paralysis, while injuries lower on the spine may only affect the legs.

Common symptoms of spinal cord injuries include numbness, tingling, or loss of sensation in the hands and feet, as well as paralysis, pain, or pressure in the head, neck, or back. Other symptoms may include weakness, difficulty walking, breathing problems, and changes in sexual function. In the U.S., motor vehicle accidents and serious falls are the leading causes of spinal cord injuries, followed by violence, sports injuries, medical accidents, and other incidents. Age, alcohol use, certain medical conditions, and failure to use appropriate safety measures like seat belts or sports equipment can increase the risk of spinal cord injury.

Older individuals are more prone to spinal cord injuries due to age-related changes in the spine, such as degenerative disc disease. With the global population aging, the incidence of spinal cord injuries is expected to rise, emphasizing the growing need for spinal implants and devices.

According to the National Spinal Cord Injury Association, about 282,000 people in the U.S. are living with spinal cord injuries, and around 17,000 new cases are diagnosed annually. These numbers highlight the increasing demand for specialized treatments and interventions to support individuals with spinal cord injuries.