Kyphoplasty Market By Product (Kyphoplasty Systems, Accessories), By Indication (Osteoporosis, Others), By End User (Hospitals and Clinics, Ambulatory Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global kyphoplasty market was valued at $632.45 million in 2021, and is estimated to reach $1,154.82 million by 2031, growing at a CAGR of 6.2% from 2022 to 2031.
Kyphoplasty is a surgical procedure that expands and stabilizes spinal compression fractures. Its uses involve injecting a specific cement into vertebrae, by using a balloon-like device to create space for the procedure. Kyphoplasty is a modification of vertebroplasty that helps restore the height of a damaged vertebra as well as eases discomfort. It is one of the procedures adopted for treating vertebral body compression fractures, which are minor breaks in the dense mass of bone that makes up the front section of the spinal cord.
The major factors that drive the growth of the kyphoplasty market is the increase in geriatric population, rise in incidence of osteoporosis & arthritis, increase in the prevalence of spine disorders, and growth in patient awareness about advancements in spine surgeries, are the factors attributed to the growth of the kyphoplasty market. In addition, shift toward minimally invasive spine surgeries is a key trend of the market, which is expected to fuel the growth during the forecast period.
Significant surge in the geriatric population is one leading factors of this market as aging leads to reduced bone density, which is influenced by a variety of variables such as lifestyle, diet, physical activity (PA), smoking, alcohol use, chronic illness conditions, and medication. Aging causes a number of physiological changes that might result in illnesses like osteoporosis, thus raising the chance of bone fractures, which can lower one's quality of life. For instance, according to the International Osteoporosis Foundation, each year, osteoporosis causes more than 8.9 million fractures, with one occurring every three seconds. It affects roughly 6.3% of males over 50 and 21.2% of women in the same age range across the world, affecting approximately 500 million men and women. Thus, such high number of cases are expected to boost the kyphoplasty procedures.
In addition, upsurge in the cases of back pain, especially among women, adoption of sedentary lifestyles, lower physical activity are some risk factors that may lead to uptake of such procedures. However, unfavorable reimbursements scenarios and risks associated with post-surgical complications are expected to hinder the growth of the market. Conversely, technological advancements for minimally invasive procedures and launch of kyphoplasty products to suffice the consumer demands in developing countries is expected to provide a great opportunity for the investors to invest in the market. For instance, Medtronic in May 2020, announced the U.S. launch of Kyphon Assist Directional Cannula for use with its balloon kyphoplasty (BKP) products to treat vertebral compression fractures due to osteoporosis, cancer or benign lesions.
The global kyphoplasty market is segmented on the basis of product, indication, end user, and region. On the basis of product, the market is categorized into kyphoplasty systems and accessories. By indication, it is segmented into osteoporosis and others. By end user, it is segmented into hospital & clinics and ambulatory surgical centers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are Alphatec Holdings Inc., Benvenue Medical Inc., Globus Medical Inc., IZI Medical Products, Johnson and Johnson, Medtronic Plc., Merit Medicals Systems, Stryker Corporation, Seawon Meditech and Zimmer Biomet Holdings, Inc.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current and emerging market trends and dynamics in the global kyphoplasty market to identify the prevailing opportunities.
This study presents the competitive landscape of the global market to predict the competitive environment across geographies.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Region- & country-wise analysis is provided to understand the market trends and dynamics.
Key Market Segments
By Product
Kyphoplasty Systems
Accessories
By Indication
Osteoporosis
Others
By End User
Hospitals and Clinics
Ambulatory Surgical Centers
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Alphatec Holdings TNC
Benvenue Medical Inc
Globul Medical Inc
Jhonson and Jhonson
Medtronic
Stryker
IZI Medica Products
Merit Medicals Systems
Swawon Meditech
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