Global Kyphoplasty Market Segmentation, By Product Type (Balloon Kyphoplasty Systems, Needle Kyphoplasty Systems, X-Ray Device Kyphoplasty Systems), Application (Restoring Lost Vertebral Body, Correction of the Local Kyphosis), End User (Hospitals, Clinics, Ambulatory Surgical Centres, Others) – Industry Trends and Forecast to 2031.
Kyphoplasty Market Analysis
The market for kyphoplasty is estimated to increase rapidly over the forecast period. The increased occurrence of spinal cord injuries, combined with an older population that is more prone to osteoarthritis, is leading to an increase in spine disorders, necessitating kyphoplasty. A spinal compression fracture is treated with kyphoplasty, a vertebral augmentation procedure. According to the World Health Organization, between 250,000 and 500,000 persons worldwide suffer from a spinal cord injury (SCI) each year. According to the United Nations, there were 703 million people aged 65 and more in the globe in 2019, with the number expected to quadruple to 1.5 billion by 2050.
Kyphoplasty Market Size
Global kyphoplasty market size was valued at USD 1.49 billion in 2023 and is projected to reach USD 4.01 billion by 2031, with a CAGR of 13.20% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
|
Attributes
|
Kyphoplasty Key Market Insights
|
|
Segmentation
|
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
|
|
Key Market Players
|
Medtronic (Ireland), B.D. (U.S.), Abbott (U.S.), Johnson & Johnson Private Limited (U.S.), Stryker (U.S.), Osseon LLC. (U.S.), Alphatec Spine, Inc. (U.S.), G21 S.r.l. (Italy), Globus Medical (U.S.), SOMATEX Medical Technologies GmbH (Germany), Parallax health Sciences, Inc. (U.S.), Merit Medical Systems (USA), RONTIS (Switzerland), ZAVATION (U.S.), IZI Medical Products (U.S.), Teknimed (France), BPB medica (Italy), Cook (US), Zimmer Biomet (U.S.)
|
Kyphoplasty Market Definition
An abnormal curve of the spine is known as kyphosis. Hunchback is another name for it. Vertebral fractures and bone loss can occur as a result of kyphosis. This is where kyphoplasty can be done. Kyphoplasty is a surgical or medical procedure for treating kyphosis in the spine. Bone cement is injected into damaged vertebrae through a small hole in the skin in kyphoplasty, which helps to relieve back discomfort. Kyphoplasty is a surgical method for treating spinal compression fractures that is considered to be less invasive.
Kyphoplasty Market Dynamics
Drivers
- Increasing Incidences of Osteoporosis will Drive the Market’s Growth Rate
The increase in incidences of osteoporosis will cushion the growth rate of kyphoplasty market. Along with this, rising number of cases of osteopenia will enhance the market’s growth rate.
- Rising Number of Geriatric Population will Propel the Growth Rate of Market During the Forecast Period
The increasing number of geriatric population will influence the market dynamics during the forecast period. Geriatric population are more susceptible to various bone injuries and diseases such as osteoporosis. Hence this will further boost the demand for kyphoplasty market.
Furthermore, the rising demand for minimally invasive surgical procedures will be a major factor influencing the growth of the kyphoplasty market. Along with this, the increase in disposable income and rising urbanization are the driving factors accelerating the growth of the kyphoplasty market. Increasing expenditure on healthcare infrastructure is the major market drivers that will further escalate the growth of kyphoplasty market.
Opportunities
- Growing number of R&D activities will boost many market opportunities during the forecast period
Moreover, the rising number of research and development activities will provide beneficial opportunities for the kyphoplasty market growth.
Moreover, rise in new product launches, as well as collaborations and increasing number of emerging markets, will further provide beneficial opportunities for the kyphoplasty market growth during the forecast period. Also, the growing focus of manufacturers on adopting advanced technologies will increase the demand for kyphoplasty in the coming years.
Restraints/Challenges
- High cost of minimally invasive ablation procedures will hamper the market’s growth rate
However, high costs associated with minimally invasive ablation procedures will impede the kyphoplasty market’s growth rate.
On the other hand, strict government regulations and clearance of kyphoplasty technology will challenge the kyphoplasty market. Additionally, the emergence of unfavorable conditions due to COVID-19 outbreak and the risk of cement leakage that can damage the surrounding nerves will restrain and further impede the growth rate of market during the forecast period of 2024-2031.
This kyphoplasty market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the kyphoplasty market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Kyphoplasty Market
The rising incidence of COVID-19 around the world has changed the priorities of healthcare practitioners, since hospitals have become congested with COVID-19 patients, and spinal surgeons are now on call to care for COVID patients. According to a research, one out of every four surgeons reported working outside of their usual scope of practice. There are two reasons for such cancellations. As a result, both orthopaedic and spine operations have seen a significant decrease. According to a study, hospitals in the United States reported a 35 percent drop in operating room volume from March to July 2020. However, during the COVID period, the market for robotic spinal surgery increased. Furthermore, the demand for spinal surgery medical instruments and equipment has decreased dramatically.
Global Kyphoplasty Market Scope
The kyphoplasty market is segmented on the basis of product type, application and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Balloon Kyphoplasty Systems
- Needle Kyphoplasty Systems
- X-Ray Device Kyphoplasty Systems
Application
- Restoring Lost Vertebral Body
- Correction of the Local Kyphosis
End User
- Hospitals
- Clinics
- Ambulatory Surgical Centres
- Others
Kyphoplasty Market Regional Analysis
The kyphoplasty market is analysed and market size insights and trends are provided by country, product type, application and end users as referenced above.
The countries covered in the kyphoplasty market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the kyphoplasty market because of the increase in the incidences of osteoporosis and rising adoption of kyphoplasty in this region. Additionally, prevalence of sophisticated healthcare infrastructure will flourish the market’s growth rate in this region.
Asia-Pacific is expected to grow during the forecast period due to rising level of public and private investment into kyphoplasty in this region. Also, increasing number of geriatric population and rising awareness about minimally invasive surgical procedures will propel the market’s growth rate in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The kyphoplasty market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for kyphoplasty market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the kyphoplasty market. The data is available for historic period 2010-2020.
Kyphoplasty Market Share Analysis
The Kyphoplasty market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to kyphoplasty market.
Kyphoplasty Market Leaders Operating in the Market Are:
- Medtronic (Ireland)
- B.D. (U.S.)
- Abbott (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- Stryker (U.S.)
- Osseon LLC. (U.S.)
- Alphatec Spine, Inc. (U.S.)
- G21 S.r.l. (Italy)
- Globus Medical (U.S.)
- SOMATEX Medical Technologies GmbH (Germany)
- Parallax health Sciences, Inc. (U.S.)
- Merit Medical Systems (USA)
- RONTIS (Switzerland)
- ZAVATION (U.S.)
- IZI Medical Products (U.S.)
- Teknimed (France)
- BPB medica (Italy)
- Cook (US)
- Zimmer Biomet (U.S.)
Latest Development in Kyphoplasty Market
- In May 2021, Medtronic plc had announced the U.S. launch of New Directional Cannula for Balloon Kyphoplasty. According to a study, hospitals in the United States reported a 35 percent drop in operating room volume from March to July 2020. During the COVID period, however, the market for robotic spinal surgery increased. Furthermore, the demand for spinal surgery medical instruments and equipment has decreased dramatically.
SKU-