Europe Kyphoplasty Market - Industry Trends and Forecast to 2029

Europe Kyphoplasty Market - Industry Trends and Forecast to 2029
Market Analysis and Insights of Kyphoplasty Market
Data Bridge Market Research analyses that the kyphoplasty market will exhibit a CAGR of around 11.50% for the forecast period of 2022-2029. Rising prevalence of chronic disorders such as osteopenia and osteoporosis, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growth in the geriatric population base and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of kyphoplasty market.

Kyphosis is an abnormal curve of the spine and is popularly as hunchback. Kyphoplasty is a minimally invasive procedure that is designed to treat spinal and vertebral fractures.

Upsurge in the research and development proficiencies by the life sciences industry is one of the major factors fostering the growth of the market. Growth in the patient population base in the developing economies is other market growth determinant. Rising westernization and rising medical tourism are other important factors that will further generate lucrative market growth opportunities.

However, improper and unfavourable reimbursement scenario in the developing and underdeveloped economies will derail the market growth rate. Also, high costs associated with research and development proficiencies will further pose challenges for the market. Dearth of skilled professionals in the backward economies and risk of cement leakage that can damage the surrounding nerves will also hamper the market growth rate.
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