Balloon Kyphoplasty Devices Market Size, Share, Growth and Trends, Report 2024-2031

Balloon Kyphoplasty Devices Market size was valued US$ 607.2 million in 2022 and is estimated to reach US$ 894.3 million by 2031, growing at a CAGR of 5.81% during the forecast period (2024-2031).

Balloon kyphoplasty is a minimally invasive technique designed to stabilize vertebral compression fractures (VCFs), addressing fractures caused by conditions such as osteoporosis, cancer, or benign lesions. A key benefit of balloon kyphoplasty, compared to vertebroplasty, is its ability to restore vertebral height while treating the fracture. The Balloon Kyphoplasty Devices Market analysis provides a comprehensive view of the market, incorporating both quantitative and qualitative insights. It offers an overview and projections of the global market based on various market segmentation categories.

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Market Dynamics:

Increasing prevalence of osteoporosis and rising R&D activities are expected to drive market growth.

Osteoporosis and osteoporotic fractures are significant global public health concerns. As osteoporosis progresses, bone density decreases, leading to increased bone resorption and reduced bone production. According to the International Osteoporosis Foundation (2020), osteoporosis is the leading cause of vertebral compression fractures (VCFs), contributing to over 8.9 million fractures annually, equivalent to one osteoporotic fracture every three seconds. Osteoporotic vertebral compression fractures (OVCFs) pose a serious health issue, diminishing quality of life and causing severe back pain. Approximately 85% of all VCF cases are attributed to osteoporosis.

In the United States, osteoporosis affects the quality of life and exacerbates fracture rates, with about eight million women diagnosed and 22 million at risk of developing the condition. Annually, around 700,000 vertebral fractures are diagnosed in the US, with 115,000 requiring hospital admission for treatment. Osteoporosis-related fractures impact one in two women and one in four men in the country. The disease is responsible for two million fractures and $19 billion in related healthcare costs each year. By 2025, it is estimated that osteoporosis will cause around three million fractures annually, incurring costs of approximately $25.3 billion.

Segment Covered in the Balloon Kyphoplasty Devices Market:

By Component: Bone access tools, Balloons and inflation devices for fracture reduction, Bone cement and cement delivery, Other accessories.

By End-User: Hospitals & Clinics, Ambulatory Surgical Centers (ASCs), Others.

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Key players involved in Balloon Kyphoplasty Devices Market:

• Medtronic
• Stryker
• Johnson & Johnson (DePuy Synthes)
• Cook Medical
• Zimmer Biomet
• CareFusion (BD)
• Tecres
• Bone Support
• AOI Medical
• Benvenue Medical

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Product Portfolio:

Kyphon Balloon Kyphoplasty

Kyphon Balloon Kyphoplasty is designed to restore vertebral height and correct angular deformities caused by vertebral compression fractures (VCFs) resulting from conditions such as cancer, osteoporosis, and benign lesions. This procedure utilizes orthopedic balloons to gently elevate the fractured vertebra, allowing for the restoration of its original shape and stability.

Regional Analysis:

The Balloon Kyphoplasty Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Balloon Kyphoplasty Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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