The global vertebroplasty and kyphoplasty devices market is expected to grow at a CAGR of 4.4% during the forecast period, driven by rising demand for minimally invasive surgical procedures to treat Vertebral Compression Fractures (VCFs). These image-guided procedures are becoming increasingly popular as they offer a safer and more efficient alternative for patients suffering from VCF-related conditions.
Key Growth Drivers
Vertebral Compression Fractures, often caused by osteoporosis or trauma, can lead to significant issues such as back pain, depression, decreased lung capacity, loss of independence, and difficulty sleeping. The rise in these conditions has prompted an increased demand for vertebroplasty and kyphoplasty devices, which help alleviate pain and restore functionality.
- Minimally Invasive Solutions: Both vertebroplasty and kyphoplasty are less invasive, reducing recovery time and associated risks, making them attractive options for patients and healthcare providers.
- Regaining Functional Abilities: These procedures enable patients to regain mobility and prevent further vertebral collapse, further driving demand.
- Aging Population: As the global population ages, the incidence of vertebral fractures and osteoporosis-related conditions is expected to rise, boosting market growth.
Vertebroplasty & Kyphoplasty Devices Market: Drivers & Restraints
Vertebroplasty & Kyphoplasty devices market is growing due to limitations in the traditional techniques for the treatment of vertebral compression fractures. Vertebroplasty & Kyphoplasty are advanced procedure which result in pain relief, stabilization of the fracture and avoid “Downward spiral” of untreated osteoporosis. Due to increase in ageing 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. Patient gets discharged in less than one day.
- General anaesthesia required. No bracing 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 few restraints for the Vertebroplasty & Kyphoplasty Devices Market.
Vertebroplasty & Kyphoplasty Devices Market: Overview
Vertebroplasty & Kyphoplasty devices market is growing due to increased incidence of Vertebral Compression Fractures (VCF) occurring due to increase in the ageing 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 Asia Pacific region will be more as compared to European and North American market.
Vertebroplasty & Kyphoplasty Devices Market: Region-wise Outlook
Depending on geographic regions, global Vertebroplasty & Kyphoplasty market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the leading region in Vertebroplasty & Kyphoplasty Devices market due to the high volumes of surgical procedures being performed. Also, the availability of established healthcare infrastructure, high contribution of healthcare to economy, 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 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.
Vertebroplasty & Kyphoplasty Devices Market: Key Players
Some of the key market players in 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 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 assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic 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.
Based on surgery type, the global Vertebroplasty & Kyphoplasty market is segmented into the following:
- Vertebroplasty
- Kyphoplasty
Based on product type, the global Vertebroplasty & Kyphoplasty market is segmented into the following:
- Vertebroplasty devices
- Needle
- Cement mixing and delivery devices
- X- ray Device
- Kyphoplasty Devices
- Balloon
- Needle
- X- ray Device
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.
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