The global vertebroplasty and kyphoplasty devices market is projected to experience a 4.4% CAGR growth over the forecast period, driven by the growing prevalence of vertebral compression fractures (VCFs) and the increasing adoption of minimally invasive surgical procedures. The demand for vertebroplasty and kyphoplasty devices is on the rise as healthcare providers and patients alike seek faster recovery times and reduced procedural risks.
Key Drivers of Market Growth
The surge in demand for vertebroplasty and kyphoplasty devices is largely due to the rise in age-related spinal fractures caused by osteoporosis. Conditions like back pain, decreased lung capacity, and mobility issues caused by VCFs necessitate prompt treatment, boosting the demand for these advanced devices. As a minimally invasive, image-guided surgical procedure, vertebroplasty stabilizes the spine by injecting bone cement into the fractured vertebra, while kyphoplasty goes a step further by using a balloon to restore vertebral height and correct spinal deformities.
Technological Advancements and Product Features
Technological innovations, including multi-functional syringes for inflating and deflating interventional devices, are expected to fuel market expansion. These devices improve precision, stability, and patient outcomes, making them a preferred choice for healthcare providers. Additionally, rising awareness of outpatient, minimally invasive spine surgeries is driving further demand for vertebroplasty and kyphoplasty devices.
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Key Factors Driving Market Growth
- Minimally Invasive Procedures: Vertebroplasty and kyphoplasty are image-guided, minimally invasive procedures that treat VCFs, making them attractive options for patients seeking effective pain relief with shorter recovery times.
- Impact of Vertebral Compression Fractures: VCFs can lead to significant health issues, including back pain, depression, loss of independence, decreased lung capacity, and difficulty sleeping. The need to address these complications drives demand for effective treatment options.
- Patient Functional Recovery: These procedures help patients regain functional abilities and prevent further vertebral collapse, which enhances their quality of life.
- Advancements in Kyphoplasty: Kyphoplasty is an advanced version of vertebroplasty that stabilizes fractures, restores vertebral height, and reduces deformities, further increasing its adoption in clinical settings.
- Changing Lifestyles: Modern lifestyles contribute to an increase in conditions leading to VCFs, thereby boosting the demand for related devices.
- Aging Population: An increasing elderly population is associated with a higher incidence of osteoporosis and subsequent vertebral fractures, driving the market for these devices.
- Improved Healthcare Infrastructure: Enhanced hospital infrastructure in developed regions like the United States and Europe supports the adoption of advanced medical technologies, including vertebroplasty and kyphoplasty devices.
Key companies profiled
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.
Key Segments
By Product:
- Vertebroplasty Devices
- Kyphoplasty Devices
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Author By:
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 faced by clients 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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