The Vertebroplasty And Kyphoplasty Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Vertebroplasty And Kyphoplasty Global Market Report 2024, The vertebroplasty and kyphoplasty market size has grown strongly in recent years. It will grow from $0.91 billion in 2023 to $0.97 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to aging population and osteoporosis prevalence, advancements in minimally invasive techniques, rising awareness and diagnosis, increasing lifestyle-related factors, growing burden on healthcare systems.
The vertebroplasty and kyphoplasty market size is expected to see strong growth in the next few years. It will grow to $1.22 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to expansion of geriatric care services, development of biocompatible bone cement, increased adoption of outpatient procedures, focus on value-based healthcare, growing geriatric population. Major trends in the forecast period include research and development in spinal interventions, expansion of ambulatory surgical centers, technological innovations in bone cement, technological advancements in procedures, healthcare cost containment and reimbursement challenges.
The rise in the incidence of spinal injuries related to sports injuries is expected to propel the growth of the vertebroplasty and kyphoplasty markets going forward. Spinal injuries related to sports injuries are damage to the spine that occurs as a result of participating in sports or other physical activities. The surge in sports-related spinal injuries encompassing conditions such as vertebral compression fractures, spondylolisthesis, and herniated discs that require minimally invasive treatment options such as vertebroplasty and kyphoplasty procedures, involving the injection of bone cement into damaged vertebrae. For instance, in October 2022, according to the New Zealand Spinal Trust report, a New Zealand-based non-profit organization, the number of sporting and leisure spinal cord injuries (SCI) in New Zealand increased from 14% in 2020 to 19% in 2021. Wheeled non-motorsports (such as mountain biking and cycling) accounted for 25% of these injuries, followed by water-related accidents (18%) and horse-related accidents (14%). Therefore, the rise in the incidence of spinal injuries related to sports injuries will drive the growth of the vertebroplasty and kyphoplasty market.
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The vertebroplasty and kyphoplasty market covered in this report is segmented –
1) By Product Type: Kyphoplasty Devices, Vertebroplasty Devices
2) By Surgery Type: Vertebroplastic Surgery, Kyphoplastic Surgery
3) By End User: Hospitals, Ambulatory Surgical Centers
Major companies operating in the vertebroplasty and kyphoplasty markets are developing new products, such as cement mixtures, to enhance the effectiveness and precision of vertebroplasty and kyphoplasty procedures. Cement mixtures are specially formulated bone cement used in vertebroplasty and kyphoplasty to stabilize fractured vertebrae. For instance, in November 2021, IZI Medical Products LLC., a US-based company that specializes in the design, manufacturing, and distribution of medical devices used for vertebral compression fractures (VCFs) and related spinal issues, launched Vertefix HV Cement to enhance the safety and effectiveness of vertebroplasty and kyphoplasty procedures by offering real-time flow visualization during the injection of bone cement into fractured vertebrae. Vertefix HV Cement incorporates variable-sized barium particles with high viscosity. This innovation helps enhance the visualization of cement flow, contributing to better outcomes and patient safety. Insite tracking beads are a novel feature in the cement, aiding in tracking the cement’s movement during the procedure.
The vertebroplasty and kyphoplasty market report table of contents includes:
- Executive Summary
- Vertebroplasty And Kyphoplasty Market Characteristics
- Vertebroplasty And Kyphoplasty Market Trends And Strategies
- Vertebroplasty And Kyphoplasty Market – Macro Economic Scenario
- Global Vertebroplasty And Kyphoplasty Market Size and Growth
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- Global Vertebroplasty And Kyphoplasty Market Competitive Benchmarking
- Global Vertebroplasty And Kyphoplasty Market Competitive Dashboard
- Key Mergers And Acquisitions In Vertebroplasty And Kyphoplasty Market
- Vertebroplasty And Kyphoplasty Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Cardinal Health
- Johnson and Johnson (DePuy Synthes)
- Medtronic Plc.
- Stryker Corporation
- GS Solutions Inc.
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