With its technology showing promising results for spinal cord injuries, NurExone Biologic is making significant progress toward becoming a market leader in exosome-based treatment. Read our industry update below.
The demand for spinal cord injury (SCI) treatment has increased significantly because of the growing incidence of traumatic spinal cord injuries. According to a 2018 report from the United States National Library of Medicine, the prevalence of traumatic spinal cord injuries in low and middle-income countries was 8.72% per 100,000 people, while in high-income countries, it was 13.69% per 100,000 people. Today, the estimated number of people with SCI in the U.S is around 291,000, and in Europe, the number is 500,000. Treatment is usually very expensive and focused on life-style adjustments and ongoing care as opposed to full functional recovery. The costs of treatment range from $1 million to nearly $5 million and continue to increase due to a lack of advanced, scalable treatment options.