The Global Vertebroplasty and Kyphoplasty Devices Industry is poised for steady growth, with a projected Compound Annual Growth Rate (CAGR) of 4.4% between 2022 and 2032, according to Future Market Insights (FMI). This significant increase signifies not only the industry’s ability to adapt and overcome challenges but also the rising demand for innovative orthopedic treatments. This growth trajectory paints a promising picture for the future of the healthcare sector, highlighting its commitment to advancing patient care.
The upward trajectory of the Global Vertebroplasty and Kyphoplasty Devices Industry is rooted in cutting-edge medical technology and an expanding aging population grappling with spinal health issues. These minimally invasive procedures have emerged as pivotal players in the orthopedic landscape, gaining prominence for their proven efficacy in treating vertebral compression fractures. Patients undergoing these procedures report substantial improvements in mobility and an enhanced overall quality of life.
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Global Vertebroplasty and Kyphoplasty Devices Industry: Drivers & Restraints
The vertebroplasty & Kyphoplasty devices market is growing due to limitations in the traditional techniques for the treatment of vertebral compression fractures. Vertebroplasty & Kyphoplasty are advanced procedures that result in pain relief, stabilization of the fracture, and avoiding the “Downward spiral” of untreated osteoporosis. Due to the increase in the aging population, patients suffering from osteoporosis are also increasing.
Additional benefits of the surgery which are the key drivers for this market are:
- Short surgical time. The patient gets discharged in less than one day.
- General anesthesia is required. No bracing is required.
- Patients can quickly return to the normal activities of daily living.
Complications like bleeding, infection post-surgery, and chances of occurrence of another fracture are a few restraints for the Vertebroplasty & Kyphoplasty Devices Market.
Global Vertebroplasty and Kyphoplasty Devices Industry: Overview
Vertebroplasty & Kyphoplasty devices market is growing due to the increased incidence of Vertebral Compression Fractures (VCF) occurring due to an increase in the aging population. VCF is a major issue in the western countries driving the market growth. Overall Vertebroplasty & Kyphoplasty devices market will grow globally, however, the growth rate in the Asia Pacific region will be higher as compared to the European and North American markets.
Vertebroplasty and Kyphoplasty Devices Industry: Region-wise Outlook
Depending on geographic regions, the global Vertebroplasty & Kyphoplasty market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and the Middle East & Africa. North America is the leading region in the Vertebroplasty & Kyphoplasty Devices market due to the high volumes of surgical procedures being performed. Also, the availability of established healthcare infrastructure, the high contribution of healthcare to the economy, and patient compliance are the reasons for the high demand in North America. Europe has the second-largest Vertebroplasty & Kyphoplasty Devices market due to vast technological advancement in terms of the healthcare sector. Asia Pacific market is expected to grow at a good rate as compared to NA and Europe as there is ample market opportunity in countries like India and China.
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Global Vertebroplasty and Kyphoplasty Devices Industry: Key Players
Some of the key market players in the global Vertebroplasty & Kyphoplasty Devices market are Depuy Synthes, Stryker Corporation, CareFusion Corporation, Osseon LLC., Alphatec Spine, Inc., TAEYEON MEDICAL Co., Ltd., G-21 s.r.l., BMK Global Medical Company, Medtronic, Inc., Globus Medical, Inc. and SOMATEX to name a few.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, and applications.
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Rest of Western Europe)
- Eastern Europe (Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Based on surgery type, the Global Vertebroplasty and Kyphoplasty Devices Industry is segmented into the following:
- Vertebroplasty
- Kyphoplasty
Based on product type, the Global Vertebroplasty and Kyphoplasty Devices Industry is segmented into the following:
- Vertebroplasty devices
- Needle
- Cement mixing and delivery devices
- X-ray Device
- Kyphoplasty Devices
- Balloon
- Needle
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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