Balloon Kyphoplasty Market Growing Demand for Minimally Invasive Surgical Procedures across the Globe

According to Precision Business Insights (PBI), the latest report, the balloon kyphoplasty market was valued at USD 633.3 million in 2022 and is expected to grow at a 5.7% CAGR during the forecast period 2023 to 2029. The primary drivers of the expansion of the global balloon kyphoplasty market include the increasing prevalence of osteoporosis and vertebral compression fractures. In addition, the increasing aging population is expected to boost the growth of balloon kyphoplasty market over the forecast period.

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Balloon and Inflation Devices Segment is expected to Dominate the Balloon Kyphoplasty Market:
Based on the component type, the global balloon kyphoplasty market is segmented into balloons & inflation devices, bone access tools, bone cement & delivery systems, and accessories. The balloon and inflation segment are expected to account for a larger revenue share in the global balloon kyphoplasty market. The balloon and inflation devices are using din the recovery of fractures and has largest market share owing to its rising demand in complicated fracture treatments. Furthermore, manufacturers and market players are focused on development of innovative technologies and advanced products which is expected to drive the growth of balloon kyphoplasty market in this segment.

The balloon kyphoplasty market is segmented based on application, end user, component type, and geography.
Based on the application, the market is segmented into the following:
• Chronic Pain
• Spinal Deformity

Based on the end user, the market is segmented into the following:
• Hospitals
• Clinics
• Others

Based on the component type, the market is segmented into the following:
• Balloons & Inflation Devices
• Bone Access Tools
• Bone Cement & Delivery Systems
• Accessories

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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North America Balloon Kyphoplasty Market:
The North America balloon kyphoplasty market is expected to increase over the forecast period due to the increasing prevalence of osteoporosis and vertebral compression fractures in the geriatric populations in this region. In addition, increasing prevalence of minimally invasive surgical procedures, along with the growing awareness among physicians and patients are expected to boost the growth of balloon kyphoplasty market. Furthermore, growing healthcare expenditure and well-established healthcare infrastructure is expected to propel the growth of balloon kyphoplasty market in this region over the forecast period. Moreover, the advancement in technologies in balloon kyphoplasty procedures is anticipated to have a positive impact on the growth of the market in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Balloon Kyphoplasty market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Key players profiles in the balloon kyphoplasty market report are CareFusion, DePuy Synthes, Medtronic Plc, Merit Medical Systems Inc., Cook Medical Inc, Stryker Corporation, Cardinal Health Inc, Globus Medical Inc, TeDan Surgical Innovations LLC, Zavation Medical Products.

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