Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Spinal Cord Injury Therapeutics Market surpass $10.7 billion by 2031 - Exclusive Report by Coherent Market Insights

This image opens in the lightbox

News provided by

Coherent Market Insights

31 Jan, 2024, 16:04 GMT

Share this article

Share toX

Share this article

Share toX

BURLINGAME, Calif., Jan. 31, 2024 /PRNewswire/ -- According to Coherent Market Insights, global spinal cord injury therapeutics market is estimated to be valued at $7.4 billion in 2023 and is expected to exhibit a CAGR of 5.4% during the forecast period (2023-2030).

The incidences of orthopedic dysfunctions and disorders are increasing all over the world. In turn, this is expected to support growth of the spinal cord injury therapeutics market in the coming future. Moreover, availability of robust pipeline for spinal cord injury treatment is also driving the market growth.

Request Sample Copy of this Report: https://www.coherentmarketinsights.com/insight/request-sample/4305

Market Trends

Launch of new therapeutics for spinal cord injury with supporting rehabilitation centers is one of the major trends in the global spinal cord injury therapeutics market. Spinal cord injury therapeutics is advancing with the continuous technological development in past years creating new possibilities for patients suffering from these injuries. It is offering different milestones and donations. For instance, in July 2023, Spaudling Rehabilitation, announced to have received US$ 6 million gift milestone from an anonymous donor. This will help Spaulding Rehabilitation to improve the lives of spinal cord injury patients.

Spinal Cord Injury Therapeutics Market Report Coverage

Report Coverage

Details

Market Revenue in 2024

$7.4 billion

Estimated Value by 2031

$10.7 billion

Growth Rate

Poised to grow at a CAGR of 5.4%

Historical Data

2018–2022

Forecast Period

2024–2031

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Drug Type, By Indication, By Application, By Route of Administration, By Distribution Channel

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Restraints & Challenges

•Potential side effects of drugs used in the treatment of spinal cord injury 

Growth Drivers

• Increasing prevalence of traumatic spinal cord injuries 

• Robust product pipeline

Key Market Takeaways:

Global spinal cord injury therapeutics market is expected to surpass US$ 10.7 by 2031 and is anticipated to witness a CAGR of 5.4% during the forecast period 2024-2031, owing to growing number of key players in the market adopting growth strategies like product launches .

On the basis of Drug Type, Corticosteroids segment is expected to hold a dominant position, owing to rising number of new product approvals.

On the basis of Indication, Complete Spinal Cord Injury segment is expected to hold a dominant position, owing to growing number of cases of complete spinal cord injuries around the world.

On the basis of Application, Pain Management segment is expected to hold a dominant position, owing to rising approvals of drugs developed for pain management.

On the basis of Route of Administration, Oral segment is expected to hold a dominant position, owing to higher preference for oral drug administration in cases of spinal cord injuries.

On the basis of Distribution Channel, Hospital Pharmacies segment is expected to hold a dominant position, owing to increasing prescriptions related to spinal cord injuries.

On the basis of region, North America is expected to hold a dominant position over the forecast period. This is attributed to rising prevalence of trauma injury cases in the region, along with higher awareness, and availability of favorable health reimbursement policies.

Key players operating in the spinal cord injury therapeutics market include Lannett Co Inc., Teva Pharmaceutical Industries Ltd., MSN Laboratories Private Limited, AbbVie Inc, ScieGen Pharmaceuticals, Inc, Pfizer Inc., Rising Pharmaceuticals, Inc, Reddy's Laboratories Ltd, NervGen, Zydus Cadila, RespireRx Pharmaceuticals Inc., ReNetX Bio, Inc, Bioaxone Biosciences, Inc, InVivo Therapeutics Holdings, Acorda Therapeutics, Inc., Lineage Cell Therapeutics, Inc, and Kringle Pharma, Inc.

Buy now this Business Complete Report: https://www.coherentmarketinsights.com/insight/buy-now/4305

Market Key Developments:

In July 2023, specifically July, the company known as NeuroSolv Therapeutics, rooted in both Belfast, Northern Ireland, and Baltimore, U.S., with reputed ethical practices, joined forces with AscellaHealth LLC. AscellaHealth is internationally recognized for providing healthcare and specialty pharmacy solutions across various stakeholders, including patients, pharmaceutical innovators, healthcare payers, and providers. This strategic alliance is poised to enhance the development of clinical trials and quicken the steps toward regulatory endorsements, thus fostering the potential for the commercial launch of Perineline.

In July 2021, Mitsubishi Tanabe Pharma Corporation, a corporate entity with a broad international pharmaceutical presence, received an advantageous fast track designation from the U.S. FDA for its drug candidate MT-3921. This designation underscores the therapy's promise in managing spinal cord injuries and symbolizes the FDA's commitment to facilitate the development of vital treatments in this domain.

In August 2023, Kaneka Corporation, hailing from Japan and acknowledged for its prowess in chemical manufacturing on a global scale, embarked on a Phase I/II clinical investigation regarding their product KA-301. KA-301 constitutes human amnion-derived mesenchymal stem cells, crafted through technological advances recognized by the Japan Science and Technology Agency (JST) as part of its Newly extended Technology transfer Program (NexTEP).

On September 25, 2023, marking a significant milestone, NervGen Pharma Corporation, a biotech firm with a focus on nervous system repair innovation, reported the inaugural administration of their leading drug candidate, NVG-291, to the first participant in their groundbreaking placebo-controlled Phase 1b/2a clinical study. This trial is devised to evaluate the drug's efficacy in individuals with Spinal Cord Injury (SCI).

In September 2020, the pharmaceutical innovator AbbVie made public the FDA's decision to award Orphan Drug and Fast Track designations to their drug under investigation, elezanumab, also known by its designation ABT-555. The drug's focus is on aiding patients who have experienced a spinal cord injury.

Read complete market research report, "Spinal Cord Injury Therapeutics Market, By Drug Type, By Indication , By Application, By Route of Administration, By Distribution Channel, By Geography, Market Size And Share Analysis - Growth Trends And Forecasts 2024-2031", Published by Coherent Market Insights.

Spinal Cord Injury Therapeutics Market Segmentation:

By Drug Type:

    • Corticosteroids
    • Muscle Relaxants and Anti-spastic drugs
    • Non-steroidal Anti-inflammatory drugs (NSAID'S)
    • Anti-depressants
    • Anticonvulsants
    • Others

By Indication: 

    • Complete Spinal Cord Injury
    • Incomplete Spinal Cord Injury

By Application: 

    • Autonomic Dysreflexia (AD)
    • Spasticity and Inflammation
    • Pain Management
    • Depression

By Route of Administration: 

    • Oral
    • Intravenous

By Distribution Channel: 

    • Hospital Pharmacies
    • Retail Pharmacies
    • Online Pharmacies

By Region:

    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa

Ask for Customization: https://www.coherentmarketinsights.com/insight/request-customization/4305

Find more related trending reports below:

Global Spinal Laminoplasty Market, By Product (Laminoplasty Plates and Screws , Cervical Spacer, Cervical Cage, Artificial Bone Graft, Laminoplasty Rods, Others) , By Procedure Type (French Door Laminoplasty, Open Door Laminoplasty, Expansive Laminoplasty, Bilateral Door Laminoplasty, Z Plate Laminoplasty), By End User (Hospitals, Ambulatory Surgery Centers, Specialty Clinics), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Adaptive Strollers Market, by Product Type (Stroller and Accessories), by Application (Cerebral Palsy, Developmental Delay, Spinal Muscular Atrophy, Spinal Cord Injury, Traumatic Brain Injury, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast to 2031

Immune Cell Engineering Market, By Cell Type (T Cells, NK Cells, Dendritic Cells, Tumor Cells, Stem Cells, Others), By Product (Consumables, Instruments, Software), By Disease Indication (Cardiovascular Diseases, Respiratory Diseases, Infectious Diseases, Cancer, Neurological Diseases, Others), By Application (Research Applications, Cell Therapy & Regenerative Medicine, Others), By End User (Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Academic & Research Institutes, Cell Banks, Others), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Visual Arts Therapy Market, By Type (Painting, Music, Dance, Drama, Photography, and Others), By Application (Cancer patients, Dementia patients, PTSD patients, Physical disabilities, Mental health issues, Substance abuse issues, and Others), By End User (Hospitals, Rehab centers, Nursing homes, Community centers, Psychiatric facilities, Counseling practices, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

About us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

Contact us:

Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights
Phone: 
US: +1-206-701-6702
UK: +44-020-8133-4027
Japan: +81-050-5539-1737
India: +91-848-285-0837
Email: sales@coherentmarketinsights.com  
Website: https://www.coherentmarketinsights.com  
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/902389/Coherent_Market_Insights_Logo.jpg

Modal title

Also from this source

Global Cardiovascular Health Supplements Market worth $16.06 billion by 2030, Exclusive Report by Coherent Market Insights

Global Cardiovascular Health Supplements Market worth $16.06 billion by 2030, Exclusive Report by Coherent Market Insights

The global Cardiovascular Health Supplements Market is estimated to be valued at US$ 9.85 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over...

Global Glucose Biosensor Market Size to hit $21.3 billion by 2031, growing at a CAGR of 7.7%, says Coherent Market Insights

Global Glucose Biosensor Market Size to hit $21.3 billion by 2031, growing at a CAGR of 7.7%, says Coherent Market Insights

The global Glucose Biosensor Market is projected to grow from USD 11.77 billion in 2023 to USD 21.3 billion by 2031, with a compound annual growth...

More Releases From This Source

Explore

Health Care & Hospitals

Health Care & Hospitals

Medical Pharmaceuticals

Medical Pharmaceuticals

Pharmaceuticals

Pharmaceuticals

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.