Vertebroplasty and Kyphoplasty Market Product (Vertebroplasty and Kyphoplasty), End Users (Hospitals and Ambulatory Surgery Center) - Global Analysis and Forecast 2019-2030
Report ID : 223 | Published Date : Jun 2020 | Pages : 180 | Region : Global | Report Code : MD-65
Vertebroplasty and Kyphoplasty Market Overview and Introduction
Vertebroplasty and kyphoplasty are image-guided surgical procedures used for the treatment of painful vertebral compression fractures in the spinal column. These fractures are a common result of osteoporosis. In vertebroplasty, cement is filled into the fractured bone and in kyphoplasty, a balloon is inserted into the fractured bone to create space, which is then filled with cement. Vertebroplasty and kyphoplasty procedures can help in increasing patients’ functional abilities, as only a small incision is created on the skin, there is no need for stitches on the skin and they are safe and effective procedures in most cases.
The vertebroplasty and kyphoplasty market is driven by factors such as rise in the prevalence of patients suffering from osteoporosis, increasing traumatic accidents that lead to vertebral trauma. Moreover, short surgical times, speedy recovery, increasing demand for minimally invasive surgeries and the surgery being safer and more effective in most cases, are some of the factors expected to further boost the market growth. However, the chances of infection post-surgery may restrain market growth to a certain extent.
The vertebroplasty and kyphoplasty market is segmented into product, end-users, and region.
Vertebroplasty and Kyphoplasty By Product
Based on product, the market is segmented into vertebroplasty and kyphoplasty. Vertebroplasty segment has been again bifurcated into needles and cement mixing & delivery devices. Kyphoplasty segment has been segmented into needles & balloon and cement mixing & delivery devices. The vertebroplasty segment holds the largest market share owing to the advantage over traditional method and rising awareness and adoption regarding vetebroplasty.
Vertebroplasty and Kyphoplasty By End User
Based on end-users, the market is segmented into hospitals and ambulatory devices. The hospitals segment is anticipated to rise by the highest CAGR during the forecast period owing to the rising prevalence of the patients suffering from osteoporosis, boosting the growth of this segment.
Vertebroplasty and Kyphoplasty By Region
The Vertebroplasty and Kyphoplasty market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America holds the largest market share, dominating the vertebroplasty and kyphoplasty market followed by Europe, owing to increasing demand for minimally invasive surgeries, increasing prevalence of patients suffering from osteoporosis, good reimbursement policies, and the availability of advanced healthcare facilities. However, Asia-Pacific is anticipated to grow at a high CAGR during the forecast period owing to the rapidly developing medical infrastructure, rising medical tourism, and rising prevalence of patients suffering from osteoporosis.
Vertebroplasty and Kyphoplasty Prominent Players
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.