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Kyphoplasty Market Demand analysis and Growth Opportunities by 2023-2031 | Medtronic Inc., Smith & Nephew,
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Kyphoplasty help in the treatment of excruciating spinal compression fractures. An entire or a portion of a spine bone collapses in a compression fracture. It entails using a balloon-like device to make room for the surgery and injecting a specific cement into the spine. A vertebroplasty called kyphoplasty lessens discomfort while restoring the height of a damaged vertebra. Vertebral body compression fractures, which are minor breaks in the substantial bone mass that forms the spinal cord's front segment, are one of the conditions that can be treated with this procedure. It's a specific procedure that is exclusively applied to patients who have experienced a vertebral fracture, not for conditions like disc rupture or arthritis.
Factors Influencing Market Growth
The growth in the elderly population, increase in cases of osteoporosis & arthritis, and spine disorders drive the global market.
The growing demand for minimally invasive surgical procedures in orthopedics, rising health expenditure and enhancing health reimbursements boost the global market growth.
The advancing healthcare sector, the improvement in technology, and the rising adoption of technologies such as IoT, AI, and robotics in the healthcare industry are forecast to offer lucrative opportunities for the global market.
The post-surgery difficulties, such as cement leakage may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. In order to expand hospital capacity for patients diagnosed with COVID-19, a significant number of clinics and hospitals around the world underwent restructuring. A potential backlog in non-essential procedures developed as a result of the sharp increase in COVID-19 cases. The lockout caused delays in the production and delivery of critical medical supplies. Limited access to medical treatment, a staffing deficit in the healthcare industry, and an increase in COVID-19-related hospitalization are a few more variables that have an impact on the market.
On the other hand, the acceptance of novel devices and the continued development of specialized infrastructure for spinal procedures will fuel robust growth throughout the projected period due to the decline of COVID-19 patients.
Regional Analysis
North America acquired the highest revenue share in 2021 and is forecast to maintain its share over the predicted years. As a result of the rising awareness levels and advanced healthcare infrastructure. In addition, the increasing prevalence of osteoporosis, back pain, and spine fractures are factors dominating the market growth in the region.
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The Asia Pacific region is forecast to have a lucrative growth rate during the predicted period. As a result of the rising patient pool and growing healthcare infrastructure. In addition, the rise in the elderly population and the growing procedure acceptance. Additionally, the accessibility of advanced procedures in fracture stabilization, regulations of the conventional approach, advancing incidence of vertebral compression fracture, increasing cases of osteoporosis, and advancement in healthcare infrastructure drive the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global kyphoplasty market are:
Medtronic Inc.
Smith & Nephew
MicroPort Scientific Corporation
DePuy Synthes (Johnson & Johnson Services Inc.)
IZI Medical Products
CareFusion
Merit Medical Systems
joimax GmbH
G21 S.r.l.
Joline GmbH & Co. KG
Seawon MediTech
Hensler Surgical Products
Taeyeon Medical Co., Ltd.
iMEDICOM
Jiangsu ChangMei Medtech Co., Ltd.
Other Prominent Players
Scope of the Report
The global kyphoplasty market segmentation focuses on Product, Indication, End-User, and Region.
Segmentation based on Product
Kyphoplasty Systems
Accessories
Segmentation based on Indication
Osteoporosis
Others
Segmentation based on End-User
Hospitals and Clinics
Ambulatory Surgical Centers
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Aim of the Report
This study aims to determine the market size of various segments and countries with forecast values for next ten years.
Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market's future growth.
The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players' products and the competitive landscape.
Key questions answered in the global market report are:
-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?
Orthopedic power tools market https://www.barchart.com/story/news/13578465/orthopedic-power-tools-market-size-segmentation-analysis-share-trends-key-players-and-forecast-2031
Bioanalytical testing services market https://www.barchart.com/story/news/13578463/bioanalytical-testing-services-market-size-outlook-share-key-players-revenue-and-forecast-2031
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