Vertebroplasty and Kyphoplasty Market is anticipated to grow at a substantial CAGR from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Vertebroplasty and Kyphoplasty Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global vertebroplasty and kyphoplasty market is estimated to be over US$ 1100 Mn in 2018. It is anticipated to grow at a substantial CAGR from 2019 to 2030.
The growth of the vertebroplasty and kyphoplasty market can be attributed to several factors that have led to the acceptance and use of this treatment for improvising the condition of patients by helping them to regain functional abilities. Moreover, the growing demand for minimally invasive surgeries across the globe is anticipated to further contribute to substantial market growth between 2019 and 2030. However, complications and susceptibility to infections post-surgery, are factors hindering the growth of vertebroplasty and kyphoplasty market to a certain extent.
Increasing prevalence of patients suffering from osteoporosis is one of the major factors contributing to market growth. Vertebroplasty and kyphoplasty are surgical processes which offer speedy recovery, patients don’t have to stay admitted into hospitals after the surgery for a long time and it is less painful, thus offering an advantage over traditional procedures. Vertebroplasty & kyphoplasty surgeries help patients to regain functional abilities and avoid vertebral collapse in the future. Moreover, the demand nowadays for minimally invasive therapies is increasing, thus boosting the growth of the vertebroplasty and kyphoplasty market.
Increasing incidences of traumatic accidents and a rise in the number of injuries related to adventure and sports leading to bone fractures is also responsible for fueling the growth of this market. Vertebroplasty & kyphoplasty surgeries can be used to treat fractures with lesser pain and fewer complications in the surgery. Moreover, increasing geriatric population is anticipated to drive the growth of the vertebroplasty & kyphoplasty market.
Browse key industry insights spread across 180 pages with market data tables & figures & charts from the report, Vertebroplasty and Kyphoplasty Market Product (Vertebroplasty and Kyphoplasty), End Users (Hospitals and Ambulatory Surgery Center) - Global Analysis and Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/vertebroplasty-and-kyphoplasty-market/223
There are chances of bleeding and infection post-surgery after these surgical procedures, which are factors hindering market growth. Moreover, the cost for treating infections caused post-surgery will further restrain market growth. Owing to this, patients may have to remain admitted in hospitals for longer duration even though the initial recovery time post-surgery is less. Similarly, alternative treatment techniques may also hinder growth of the vertebroplasty & kyphoplasty market.
North America holds the largest market share and is dominating the vertebroplasty and kyphoplasty market followed by Europe and Asia Pacific. The growth in this region can be attributed to an increase in the number of patients suffering from osteoporosis, increasing demand for minimally invasive surgeries, good reimbursement policies, and the availability of advanced healthcare facilities. However, Asia Pacific is expected to grow at a high CAGR during the forecast period owing to the rise in prevalence of patients suffering from osteoporosis and rapidly developing medical infrastructure.
Some prominent players in the Vertebroplasty and Kyphoplasty market include Globus Medical, Medtronics, Merit Medical Systems, Stryker, Joline GmbH & Co. KG, Alphatec Spine, Inc., IZI Medical Products, SPINUS (BMK Global Medical Company), DePuy Synthes (Johnson & Johnson Services, Inc.), and Zavation among others.
Market Industry Reports (MIR) believes in sharing accurate market-related insights. The information that we obtain is from authentic sources and key opinion leaders in the industry. We take efforts to ensure that the information published by us is both reliable and accurate; however, we take no liabilities for any inaccuracy in the information obtained from users, manufacturers, or other sources; opinion, projections, and estimates may be subject to fluctuations and changes.
This report is intended for internal use by the customer and not for disclosure to third parties or general publications. No part of the report or the report as a whole may be reproduced, resold, lent, circulated or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without explicit permission from MIR. Neither MIR nor any of our partner companies take responsibility for any short-term or long-term decisions taken by our clients based on insights present in our publications.