According to IMARC Group latest report titled “Kyphoplasty Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on kyphoplasty market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global kyphoplasty market size reached US$ 680.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,022.2 Million by 2032, exhibiting a growth rate (CAGR) of 4.62% during 2024-2032.
Request a Sample Report: https://www.imarcgroup.com/kyphoplasty-market/requestsample
Kyphoplasty Market Overview:
Kyphoplasty is a minimally invasive surgical procedure used to treat vertebral compression fractures, typically caused by osteoporosis or trauma. During the procedure, a specialized balloon device is inserted into the fractured vertebra and inflated to create a cavity. This cavity is then filled with bone cement to stabilize the fracture and restore vertebral height. One of the key characteristics of kyphoplasty is its ability to provide immediate pain relief and improve spinal alignment, thereby restoring mobility and functionality to patients suffering from vertebral fractures. The working mechanism involves the controlled expansion of the balloon, which restores vertebral height and creates a void for the bone cement, ensuring optimal distribution and fixation. Additionally, the properties of the bone cement used in kyphoplasty include biocompatibility, radiopacity, and quick setting time, ensuring safe and effective fracture stabilization. The advantages of kyphoplasty over traditional treatments include reduced pain, shorter recovery time, and lower risk of complications, making it a preferred choice for both patients and healthcare providers.
Kyphoplasty Market Trends:
The global market is primarily driven by the rising prevalence of osteoporosis-related vertebral fractures among the aging population worldwide. In line with this, the increasing availability of advanced medical technologies and devices for minimally invasive spine surgeries is providing impetus to the market. Moreover, the considerable rise in healthcare expenditure and investments in orthopedic procedures is also acting as a significant growth-inducing factor for the market. In addition to this, the expanding number of orthopedic and spine clinics offering kyphoplasty procedures is further driving market growth. Besides this, the growing demand for innovative bone cement formulations with enhanced biomechanical properties and better clinical outcomes is creating lucrative opportunities in the market. Also, the increasing adoption of kyphoplasty by healthcare providers due to its cost-effectiveness and efficacy in treating vertebral fractures is impacting the market positively.
The market is further driven by the implementation of favorable government support and reimbursement policies for minimally invasive spine surgeries such as kyphoplasty. Apart from this, the rising awareness among patients about the benefits of kyphoplasty in restoring spinal function and improving quality of life is propelling market growth. Some of the other factors contributing to the market include advancements in imaging technologies for accurate diagnosis and planning of kyphoplasty procedures, the growing trend towards outpatient spine surgeries, and extensive research and development (R&D) activities aimed at enhancing the safety and efficacy of kyphoplasty techniques and devices.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/kyphoplasty-market
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.
- Alphatec Holdings TNC
- Biopsybell S.r.l.
- Globus Medical Inc
- Izi Medical Products LLC
- Johnson & Johnson
- Joline GmbH & Co. KG
- Medtronic plc
- Merit Medicals Systems
- Seawon Meditech Co. Ltd.
- SOMATEX Medical Technologies Gm (Hologic Inc.)
- Spinal Elements Inc.
- Zavation Medical Products LLC
Kyphoplasty Market Report Segmentation:
Our report has categorized the market based on region, product, indication, application, and end user.
Product Insights:
- Balloon Catheters
- Bone Access Devices
- Cement Application Products
- Bone Cement
- Cement Mixing Systems
- Instruments
Indication Insights:
- Osteoporosis
- Others
Application Insights:
- Kyphosis
- Spinal Fractures
- Vertebral Alignment Restoration
End User Insights:
- Hospitals and Clinics
- Ambulatory Surgical Centers
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163