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Global Vertebroplasty And Kyphoplasty Market - Business Statistics, Industry Trends, Emerging Technologies, Growth Challenges And Forecast To 2033
Global Vertebroplasty And Kyphoplasty Market
Vertebroplasty And Kyphoplasty Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.22 billion In 2028 At A CAGR Of 5.9% :
The vertebroplasty and kyphoplasty market size has grown strongly in recent years. It will grow from $0.91 billion in 2023 to $0.97 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to aging population and osteoporosis prevalence, advancements in minimally invasive techniques, rising awareness and diagnosis, increasing lifestyle-related factors, growing burden on healthcare systems.
The vertebroplasty and kyphoplasty market size is expected to see strong growth in the next few years. It will grow to $1.22 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to expansion of geriatric care services, development of biocompatible bone cement, increased adoption of outpatient procedures, focus on value-based healthcare, growing geriatric population. Major trends in the forecast period include research and development in spinal interventions, expansion of ambulatory surgical centers, technological innovations in bone cement, technological advancements in procedures, healthcare cost containment and reimbursement challenges.
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Vertebroplasty And Kyphoplasty Market Major Segments
The vertebroplasty and kyphoplasty market covered in this report is segmented -
1) By Product Type: Kyphoplasty Devices, Vertebroplasty Devices
2) By Surgery Type: Vertebroplastic Surgery, Kyphoplastic Surgery
3) By End User: Hospitals, Ambulatory Surgical Centers
Key Driver - Addressing the Surge in Sports-Related Spinal Injuries with Advanced Treatments
The rise in the incidence of spinal injuries related to sports injuries is expected to propel the growth of the vertebroplasty and kyphoplasty markets going forward. Spinal injuries related to sports injuries are damage to the spine that occurs as a result of participating in sports or other physical activities. The surge in sports-related spinal injuries encompassing conditions such as vertebral compression fractures, spondylolisthesis, and herniated discs that require minimally invasive treatment options such as vertebroplasty and kyphoplasty procedures, involving the injection of bone cement into damaged vertebrae. For instance, in October 2022, according to the New Zealand Spinal Trust report, a New Zealand-based non-profit organization, the number of sporting and leisure spinal cord injuries (SCI) in New Zealand increased from 14% in 2020 to 19% in 2021. Wheeled non-motorsports (such as mountain biking and cycling) accounted for 25% of these injuries, followed by water-related accidents (18%) and horse-related accidents (14%). Therefore, the rise in the incidence of spinal injuries related to sports injuries will drive the growth of the vertebroplasty and kyphoplasty market.
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Prominent Trend - Enhancing Safety and Precision in Vertebral Fracture Treatment
Major companies operating in the vertebroplasty and kyphoplasty markets are developing new products, such as cement mixtures, to enhance the effectiveness and precision of vertebroplasty and kyphoplasty procedures. Cement mixtures are specially formulated bone cement used in vertebroplasty and kyphoplasty to stabilize fractured vertebrae. For instance, in November 2021, IZI Medical Products LLC., a US-based company that specializes in the design, manufacturing, and distribution of medical devices used for vertebral compression fractures (VCFs) and related spinal issues, launched Vertefix HV Cement to enhance the safety and effectiveness of vertebroplasty and kyphoplasty procedures by offering real-time flow visualization during the injection of bone cement into fractured vertebrae. Vertefix HV Cement incorporates variable-sized barium particles with high viscosity. This innovation helps enhance the visualization of cement flow, contributing to better outcomes and patient safety. Insite tracking beads are a novel feature in the cement, aiding in tracking the cement's movement during the procedure.
Vertebroplasty And Kyphoplasty Market Players
Major companies operating in the vertebroplasty and kyphoplasty market report are Cardinal Health, Johnson and Johnson (DePuy Synthes), Medtronic Plc., Stryker Corporation, GS Solutions Inc., Lepu Medical Technology (Beijing)Co.Ltd., Merit Medical Systems Inc., Globus Medical Inc., Alphatec Spine Inc., Rontis Corporation, Spectrum Plastics Group., SOMATEX Medical Technologies GmbH, Zavation LLC, MJ Surgical, Benvenue Medical, Joimax GmbH, Laurane Medical LLC, Spine Wave Inc., G21 S.r.l., BM Korea Co. LTD, Biopsybell Medical, Teknimed, Joline GmbH And Co. KG, SCW Medicath Ltd., Stöckli Medical AG, Jiangsu ChangMei Medtech Co.Ltd., IZI Medical Products
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Largest And Fastest Growing Region In The Market
North America was the largest region in the vertebroplasty and kyphoplasty market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vertebroplasty and kyphoplasty market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vertebroplasty And Kyphoplasty Market Report Structure
3. Vertebroplasty And Kyphoplasty Market Trends And Strategies
4. Vertebroplasty And Kyphoplasty Market - Macro Economic Scenario
5. Vertebroplasty And Kyphoplasty Market Size And Growth
…..
27. Vertebroplasty And Kyphoplasty Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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