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Vertebroplasty And Kyphoplasty Global Market Report 2024: Size, Share, Trends, Outlook to 2033
The Business Research Company recently released a comprehensive report on the Global vertebroplasty and kyphoplasty Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
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Major Key Players of the Market:
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
vertebroplasty and kyphoplasty Market 2024 Key Insights:
• The vertebroplasty and kyphoplasty market is expected to grow to$1.22 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
• Addressing the Surge in Sports-Related Spinal Injuries with Advanced Treatments
• Enhancing Safety and Precision in Vertebral Fracture Treatment
• 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.
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