Market Research on Kyphoplasty Systems Market 2018 and Analysis to 2028

From: Fact.MR
Published: Fri Aug 23 2019


Vertebral compression fracture is one of the most common osteoporotic fractures, which leads to kyphotic deformities, depression, weight loss, reduced quality of life, persistent pain and even death. Osteoporosis is a major cause of vertebral compression fracture in elderly women. Multiple myeloma, metastatic bone disease, traumatic injuries and metastatic spinal tumors can also lead to vertebral compression fractures. According to the International Journal of Surgery-Elsevier, VCF occurs in 16% of women post-menopause and in 20% of people older than 70 years of age. People suffering from vertebral compression fracture can opt for either kyphoplasty or vertebroplasty. Kyphoplasty systems use a minimally-invasive approach and the procedure can be carried out on outpatient as well as inpatient basis. Kyphoplasty systems have proved to be more efficient than non-surgical care for treating acute vertebral compression fractures.

Kyphoplasty Systems Market: Drivers

Growing prevalence of osteopenia and osteoporosis due to the increasing elderly population and growing demand for outpatient and minimal invasive procedures are driving the growth of the kyphoplasty systems market. Vertebral compression fractures caused by benign lesions, cancer and osteoporosis are gaining prevalence in the market. The kyphoplasty systems market is also influenced by the advantages of minimally invasive and cost-saving equipment procedures. Good reimbursement policies by local governments are contributing to the growth of kyphoplasty systems as well. However, certain complications such as damage of the surrounding spinal nerves and canal, allergy to the solution placed to view the balloon on and X-ray image, introduction of novel devices such as vertebral augmentation implants and vertebral body stents in the market and the high-cost of surgery might hinder the growth of the kyphoplasty systems market over the forecast period.

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Kyphoplasty Systems Market: Segmentation

Tentatively, the global kyphoplasty systems market can be segmented on the basis of product type, end user and geography.

Based on product type, the global kyphoplasty systems market has been segmented as,

Balloon Kyphoplasty Systems
Needle Kyphoplasty Systems
X-Ray Device Kyphoplasty Systems
Based on application type, the global kyphoplasty systems market has been segmented as,

Restoring lost vertebral body
Correction of the local kyphosis
Based on end user, the global kyphoplasty systems market has been segmented as,

Hospitals
Clinics
Ambulatory Surgical Centers
Based on geography, the global kyphoplasty systems market has been segmented as,

North America
Latin America
Europe
CIS & Russia
Japan
APEJ
Middle East & Africa
Kyphoplasty Systems Market: Overview

According to a rheumatic report by Springer, a vertebral compression fracture is the most common injury among the elderly population with an incidence rate of about 700,000 per year in the United States itself and affects approximately 25 percent of all post-menopausal women in the U.S. Balloon Kyphoplasty Systems is expected to register significant growth in Kyphoplasty Systems market as the inflation of the balloon helps in restoring deformity height and maintains the deformity shape as well. This can further be attributed to the increasing prevalence of multiple myeloma, traumatic spinal injuries, spinal tumors, etc. Kyphoplasty systems take care of the long-term maintenance of spinal bones, which are injured by compression fractures. These kyphoplasty systems also provide pain relief, improve back function, provide quality of life and thus, are preferred over vertebroplasty systems.

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Kyphoplasty Systems Market: Regional Outlook

The Europe kyphoplasty systems market, mainly Germany and Italy, is expected to grow with the fastest rate over the forecast period, owing to the continued adoption of better and expensive kyphoplasty systems. The Austria kyphoplasty systems market is also anticipated to register significant growth over the forecast period. The North America kyphoplasty systems market is estimated to witness remarkable growth over the forecast period, owing to the improved healthcare expenditure in the region. Several available reforms such as the Affordable Care Act in the U.S. have led to an increase in the adoption of kyphoplasty systems. Increase in morbidity among the elderly population with vertebral compression fracture is expected to drive the significant growth of the Asia-Pacific kyphoplasty systems market.

Kyphoplasty Systems Market: Market Participants

The major market participants operating in the global kyphoplasty systems market include Medtronic Plc, DePuy Synthes, Stryker Corp, CareFusion, Somatex, Zimmer Biomet, Cook Medical, AOI Medical, Bone Support, Taeyeon Medical Co. Ltd., Benvenue Medical, Joimax, DFine, Crosstrees Medical, Maxxspine, Joline, Tecres, SI-Bone, Zavation and Vexim. Companies operating in Kyphoplasty Systems market have introduced improved radiopaque markers to improve the visual efficiency of balloon positioning.

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.

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
Brazil
Mexico
Argentina
Chile
Peru
Rest of LATAM
Europe
EU 4 (Germany, France, Italy, Spain)
K.
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
Rest of Europe
CIS & Russia
Japan
APEJ
Greater China
India
Korea
ASEAN Countries
Rest of APEJ
Middle East & Africa
GCC Countries
Turkey
Iran
Israel
South Africa
Rest of MEA
Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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