Kyphoplasty Market Worth US$ 3.2 Billion - UnivDatos Industry Analysis- by Size, Share, Growth, Trends, and Forecast 2021-2027
Research report presented by UnivDatos, Emphasis on
Product Type (Balloon, Cement Mixing, Needle, X-Ray Device, Delivery Devices),
Application (Kyphosis, Spinal Fractures, Vertebral Alignment Restoration),
End-Users (Hospitals, Clinics, mbulatory Surgical Centers) and Geographical
analysis (key regions and countries).
As per the research report, Global Kyphoplasty Market is expected to reach the market valuation of US$ 3.2 Billion by 2027
expanding at a reasonable CAGR of 14.5% during the forecast period
(2021-2027) from US$ 1.2 Billion in 2019.
The
prevalence of osteoarthritis in the elderly population, along with the number
of motor vehicle accidents and falls, acts of abuse, athletics, and
medical/surgical causes, is leading to an increase in the number of cases of
spinal fractures, which is driving up the demand for kyphoplasty. According to
the World Health Organization, between 250 000 and 500 000 individuals
worldwide suffer from spinal cord injuries each year (SCI). According to the
World Journal of Orthopaedics, more than 200 million individuals worldwide have
osteoporosis, and more than 8.9 million fractures occur each year. According to
a survey, 5,900,000 spinal operations were performed in 2019 and the amount of
spinal surgery is expected to rise at an annual rate of 8.4% between 2019 and
2022.
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Furthermore,
the changing healthcare market and advancements of technology, such as the use
of IoT, AI, and robotics in the healthcare industry, as well as growing
understanding of the benefits of kyphoplasty surgery, such as shorter surgical
time, quicker healing, discharge on the same day of the operation, and so on,
are gaining momentum with end-users. Furthermore, according to a survey, good
patient benefits following kyphoplasty include a 72 percent reduction in back
pain, a 59 percent increase in back function, and a 58 percent increase in
quality of life. As a result, the market for kyphoplasty is increasing.
Thanks
to a change in lifestyle brought on by a hectic and busy schedule, spinal
issues have risen as a result of poor balance, long sitting hours, and an
inadequate diet. According to the International Osteoporosis Foundation (IOF),
one of every three women over the age of 50 and one of every five men will
suffer an osteoporotic fracture during their lifetime. Furthermore, the growing
geriatric population, which is more susceptible to osteoporosis, is expected to
fuel the kyphoplasty market during the forecast era. According to one report,
the effects of an ageing and obese population would double the number of people
with OA by 2020.
For a detailed analysis of the applications in the Kyphoplasty Market browse through – https://univdatos.com/report/global-kyphoplasty-market-current-analysis-and-forecast-2020-2027
Insights Presented in the Report
“Amongst product type, Balloon segment holds the major share”
The
market is segmented into Balloon, Cement Mixing, Needle, X-Ray Device, and
Delivery Devices based on product form. The balloon segment dominated the
market in 2019, with a share of 39.8%, and is projected to continue to do so
throughout the forecast era, owing to improved customer demand for balloon
kyphoplasty due to benefits such as less discomfort, a faster treatment, and so
on.
“Amongst application type, spinal fractures are expected to dominate the
market during the analyzed period”
The
market is divided into three segments based on application type: kyphosis,
spinal injuries, and vertebral alignment reconstruction. Spinal fractures
commanded the largest market share in 2019, accounting for 43.1 percent of
total sales. As a result of an
increase in the number of road crashes and the prevalence of spine-related
complications, demand for the spinal fracture kyphosis market is increasing.
Furthermore, during the forecast duration of 2021-2027, the kyphosis segment is
projected to rise at a CAGR of 14.8 percent.
“Amongst end-user type, hospital segment accounts for the highest
revenue share”
The
market is divided into three segments based on end-user type: hospitals,
clinics, and ambulatory surgical centres. The hospital segment had the largest
sales share in 2019, accounting for 61.4 percent of the overall market. During
the forecast period of 2021-2027, however, the ambulatory surgical centres
segment is projected to expand at a CAGR of 15.6 percent.
“North America represents one of the largest markets of kyphoplasty
market”
A
systematic research was performed for various regions around the globe,
including North America (the United States, Canada, and the Rest of North
America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of
Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and the
Rest of APAC), and the Rest of the World, to get a greater understanding of the
business dynamics of the kyphoplasty market. Because of increased
healthcare IT spending in countries such as the United States and Canada, North
America led the industry and delivered revenue of US$ 0.7 billion in 2019.
Furthermore, the region's dominance is due to the participation of
long-established players as well as the new technologically updated goods and
services.
Customization Options:
The Kyphoplasty Market can further
be customized as per the requirement or any other market segment. Besides this,
UMI understands that you may have your own business needs, hence feel free to
connect with us to get a report that completely suits your requirements.
Table of Contents
1 Market
Introduction
2 Research
Methodology or Assumption
3 Industry
Performance
4 Executive
Summary
5 Market
Overview
6 Legal &
Regulatory Framework
7 Demand and
Supply Side Analysis
8 Value Chain
Analysis
9 Kyphoplasty Market Insights by Product Type
10 Market
Insights by Application
11 Market
Insights by End-User
12 Market
Insights by Region
13 Competitive
Scenario
14 Top Company
Profiles - Merit medical systems, Stryker Corporation, Medtronic, CareFusion,
Alphatec Spine, Osseon LLC, DePuy Synthes, Globus Medical, Zimmer Biomet
Labels: Kyphoplasty Market, Kyphoplasty Market growth, Kyphoplasty Market share, Kyphoplasty Market size, Kyphoplasty Market trends
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