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Vertebroplasty and Kyphoplasty Market Poised for Growth on Account of Technological Advancements and Rising Orthopedic Disorders
Vertebroplasty and Kyphoplasty Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) -
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Technological Advancements and Minimally Invasive Surgeries Driving Market Growth
Both Vertebroplasty and Kyphoplasty procedures have gained traction due to their minimally invasive nature and effectiveness in treating vertebral fractures. With Vertebroplasty involving bone cement injection for vertebral support and Kyphoplasty utilizing balloons for cavity formation, technological advancements in image-guided surgeries have significantly boosted market growth.
Rising Cases of Orthopedic Disorders and Geriatric Population
The prevalence of back conditions, especially among the elderly population, has surged, further driving the demand for Vertebroplasty and Kyphoplasty procedures. High-velocity injuries during exercise or other activities have also contributed to an increase in vertebral fractures, creating a positive impact on market growth.
North America Leading Market Growth with Technological Adoption
North America, particularly the United States, dominates the Vertebroplasty and Kyphoplasty market, accounting for over 40% of the global market share. The region's advanced healthcare infrastructure, coupled with high adoption rates of technologically advanced products, contributes significantly to market growth.
Challenges in Affordability May Impede Market Growth
Despite the advancements, the high cost associated with spinal surgeries poses a challenge, especially for individuals without insurance coverage. The cost burden on patients and families, coupled with the absence of insurance coverage, may hinder market growth, particularly in low-income groups.
Strategic Collaborations and Innovations Key to Market Success
Major players in the Vertebroplasty and Kyphoplasty market, including Medtronic, Stryker Corporation, and DePuy Synthes, are investing in research and development to introduce newer devices with enhanced technology. Strategic partnerships and acquisitions are facilitating the launch of innovative products, driving market growth.
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