Over the forecasted period, the demand for Vertebroplasty and Kyphoplasty Devices is poised to exhibit a robust growth trajectory, with a projected CAGR of 4.4%.
Vertebroplasty and Kyphoplasty procedures represent minimally invasive, image-guided surgical interventions designed to address Vertebral Compression Fractures (VCF). These fractures are known to trigger back pain, hinder physical activity, induce feelings of depression, compromise independence, reduce lung capacity, and disrupt sleep patterns. The remedy involves the injection of bone cement into the affected vertebrae, providing essential support to the fractured bone. These fractures typically arise due to conditions such as osteoporosis, vascular malformations, or, albeit less frequently, as a result of cancer-related complications. Both Vertebroplasty and Kyphoplasty play a pivotal role in helping patients regain functional abilities and prevent further vertebral collapse. Kyphoplasty, in particular, stands as an advanced variation of Vertebroplasty, capable of stabilizing fractures, restoring vertebral heights, and reducing deformities.
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Vertebroplasty & Kyphoplasty Devices Market: Drivers & Restraints
Vertebroplasty & Kyphoplasty devices market is growing due to limitations in the traditional techniques for the treatment of vertebral compression fractures. Vertebroplasty & Kyphoplasty are advanced procedure which result in pain relief, stabilization of the fracture and avoid “Downward spiral” of untreated osteoporosis. Due to increase in ageing population, patients suffering from osteoporosis are also increasing.
Additional benefits of the surgery which are the key drivers for this market are:
- Short surgical time. Patient gets discharged in less than one day.
- General anaesthesia required. No bracing required.
- Patients can quickly return to the normal activities of daily living.
Complications like bleeding, infection post-surgery and chances of occurrence of another fracture are few restraints for the Vertebroplasty & Kyphoplasty Devices Market.
Vertebroplasty & Kyphoplasty Devices Market: Overview
Vertebroplasty & Kyphoplasty devices market is growing due to increased incidence of Vertebral Compression Fractures (VCF) occurring due to increase in the ageing population. VCF is a major issue in the western countries driving the market growth. Overall Vertebroplasty & Kyphoplasty devices market will grow globally, however the growth rate in Asia Pacific region will be more as compared to European and North American market.
Vertebroplasty & Kyphoplasty Devices Market: Region-wise Outlook
Depending on geographic regions, global Vertebroplasty & Kyphoplasty market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the leading region in Vertebroplasty & Kyphoplasty Devices market due to the high volumes of surgical procedures being performed. Also, the availability of established healthcare infrastructure, high contribution of healthcare to economy, patient compliance are the reasons for the high demand in North America. Europe has the second largest Vertebroplasty & Kyphoplasty Devices market due to vast technological advancement in terms of healthcare sector. Asia Pacific market is expected to grow at a good rate as compared to NA and Europe as there is ample market opportunity in countries like India and China.
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Vertebroplasty & Kyphoplasty Devices Market: Key Players
Some of the key market players in global Vertebroplasty & Kyphoplasty Devices market are Depuy Synthes, Stryker Corporation, CareFusion Corporation, Osseon LLC., Alphatec Spine, Inc., TAEYEON MEDICAL Co., Ltd., G-21 s.r.l., BMK Global Medical Company, Medtronic, Inc., Globus Medical, Inc. and SOMATEX to name a few.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Rest of Western Europe)
- Eastern Europe (Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Based on surgery type, the global Vertebroplasty & Kyphoplasty market is segmented into the following:
- Vertebroplasty
- Kyphoplasty
Based on product type, the global Vertebroplasty & Kyphoplasty market is segmented into the following:
- Vertebroplasty devices
- Needle
- Cement mixing and delivery devices
- X- ray Device
- Kyphoplasty Devices
- Balloon
- Needle
- X- ray Device
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