Kyphoplasty Market

Global Kyphoplasty Market

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raksha

Author :

Raksha Sharma

Vineet

Fact-checked by :

Vineet Pandey

Vishal

Editor :

Vishal Golekar

The global kyphoplasty market is expected to reach USD 3,269.5 million by 2028, expanding at a CAGR 12.7% during the forecast period, 2021-2028. According to the International Osteoporosis Foundation, around 8.9 million fractures occur globally each year. Additionally, industry participants' technical breakthroughs and restrictions associated with traditional methodologies are expected to drive the market growth.

Kyphoplasty Market Key Takeaways

Market Drivers, Restraints, and Opportunities

  • Increasing prevalence of osteoporosis and geriatric population is estimated to drive the market growth.
  • Growing prevalence of osteoporosis is anticipated to fuel the growth of the kyphoplasty market.
  • The rise in the number of obese population is one of the major factors that can foster the growth of the market during the forecast period.
  • Rising demand for minimally invasive surgical procedures is expected to drive the demand for kyphoplasty in the coming years.
  • Rising technical advancements drive global market growth.
  • High prices of minimally invasive ablation operations limit the market's scope for the growth.
  • Stringent restrictions governing the approval and clearance of kyphoplasty technologies can restrain the market expansion.
  • The potential of cement leakage that can harm the surrounding nerves is a huge hurdle for the market.
  • Changes in lifestyle due to frantic and busy schedule have exacerbated spinal difficulties as a result of incorrect posture, lengthy sitting hours, and an unhealthy diet. According to the International Osteoporosis Foundation (IOF), one in every three women over the age of 50 and one in every five males can develop osteoporotic fractures in their lifetime. Thus, such factors can create lucrative opportunities for the market.

Scope of Kyphoplasty Market Report

The report on the global kyphoplasty market includes an assessment of the market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast.

Attributes

Details

Report Title

Kyphoplasty Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Balloon, Cement Mixing, Needle, X-ray Devices, and Delivery Devices) Applications (Kyphosis, Spinal Fractures, and Vertebral Alignment) End-users (Hospitals, Clinics, and Ambulatory Surgical Centers)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Stryker Corporation, Medtronic, BMK Global Medical Company, CareFusion, Taeyeon Medical Co., Ltd, DePuy Synthes (Johnson & Johnson Services, Inc.), iMEDICOM, Alphatec Spine, Inc., Osseon LLC, G21 Srl, Smith + Nephew, and Zimmer Biomet

Kyphoplasty Market Segment Insights

Balloon segment to hold a major market share

Based on product types, the market can be segmented into balloon, cement mixing, needle, x-ray devices, and delivery devices The balloon segment is anticipated to hold a large market share owing to growing technological advancements with initiation of next generation kyphoplasty balloons such as Arcadia by Merit Medical and Kyphon Express II by Medtronic (2014), enabling efficient procedures in the market.

Spinal fractures segment to dominate the market during the forecast period

On the basis of applications, the kyphoplasty market can be classified as kyphosis, spinal fractures, and vertebral alignment) end-users (hospitals, clinics, and ambulatory surgical centers. The spinal fractures segment is estimated to dominate the market during the forecast period. In 2020, the spinal fractures segment accounted for over 40% market share.

Surging cases of road accidents and prevalence of spine related problems results into the demand for spinal fracture procedure. According to the United States Bone and Joint Initiative, around 36,000 traumatic spine fractures occur each year.

Kyphoplasty Market Applications

Hospitals segment to exhibit a high CAGR

In terms of end-users, the market can be segregated into hospitals, clinics, and ambulatory surgical centers. The hospital segment is estimated to hold a major market share and is estimated to grow at a high rate during the forecast period. The presence of reimbursement policies is driving the growth of the market segment.

North America to constitute a major market share

Based on regions, the kyphoplasty market can be categorized as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa North America is estimated to hold a large market share during the forecast period due to increased healthcare IT investment in countries such as the US and Canada.

Furthermore, the region's dominance is due to the presence of well-established firms as well as the most recent technologically advanced products and services. The market in Asia Pacific is expected to grow at a healthy rate due to fast developing healthcare infrastructure and widespread acceptance of new technology in emerging economies such as India and China.

Kyphoplasty Market Regions

Segments

By Product types

  • Balloon
  • Cement Mixing
  • Needle
  • X-Ray Device
  • Delivery Devices

By Applications

  • Kyphosis
  • Spinal Fractures
  • Vertebral Alignment

By End-users

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Stryker Corporation
  • Medtronic
  • BMK Global Medical Company
  • CareFusion
  • Taeyeon Medical Co., Ltd
  • DePuy Synthes (Johnson & Johnson Services, Inc.)
  • iMEDICOM
  • Alphatec Spine, Inc.
  • Osseon LLC
  • G21 Srl
  • Smith + Nephew
  • Zimmer Biomet

Competitive Landscape

The major kyphoplasty market players include Stryker Corporation, Medtronic, BMK Global Medical Company, CareFusion, Taeyeon Medical Co., Ltd, DePuy Synthes (Johnson & Johnson Services, Inc.), iMEDICOM, Alphatec Spine, Inc., Osseon LLC, G21 Srl, Smith + Nephew, and Zimmer Biomet.

To remain competitive in the fast-developing kyphoplasty market, these firms are implementing a variety of strategic efforts like as new product releases and collaborations. For example, Medtronic launched its Kyphon Assist Directional Cannula in the US in May 2020 to supplement its other kyphoplasty products for the treatment of spinal compression fractures caused by osteoporosis, benign lesions, or cancer.

Kyphoplasty Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Kyphoplasty Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Kyphoplasty Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Kyphoplasty Market - Supply Chain
  4.5. Global Kyphoplasty Market Forecast
     4.5.1. Kyphoplasty Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Kyphoplasty Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Kyphoplasty Market Absolute $ Opportunity
5. Global Kyphoplasty Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Kyphoplasty Market Size and Volume Forecast by Applications
     5.3.1. Kyphosis
     5.3.2. Spinal Fractures
     5.3.3. Vertebral Alignment
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Kyphoplasty Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Kyphoplasty Market Size and Volume Forecast by End Users
     6.3.1. Hospitals
     6.3.2. Clinics
     6.3.3. Ambulatory Surgical Centers
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Kyphoplasty Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Kyphoplasty Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Kyphoplasty Demand Share Forecast, 2019-2026
8. North America Kyphoplasty Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Kyphoplasty Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Kyphoplasty Market Size and Volume Forecast by Applications
     8.4.1. Kyphosis
     8.4.2. Spinal Fractures
     8.4.3. Vertebral Alignment
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Kyphoplasty Market Size and Volume Forecast by End Users
     8.7.1. Hospitals
     8.7.2. Clinics
     8.7.3. Ambulatory Surgical Centers
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Kyphoplasty Demand Share Forecast, 2019-2026
9. Latin America Kyphoplasty Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Kyphoplasty Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Kyphoplasty Market Size and Volume Forecast by Applications
     9.4.1. Kyphosis
     9.4.2. Spinal Fractures
     9.4.3. Vertebral Alignment
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Kyphoplasty Market Size and Volume Forecast by End Users
     9.7.1. Hospitals
     9.7.2. Clinics
     9.7.3. Ambulatory Surgical Centers
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Kyphoplasty Demand Share Forecast, 2019-2026
10. Europe Kyphoplasty Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Kyphoplasty Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Kyphoplasty Market Size and Volume Forecast by Applications
     10.4.1. Kyphosis
     10.4.2. Spinal Fractures
     10.4.3. Vertebral Alignment
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Kyphoplasty Market Size and Volume Forecast by End Users
     10.7.1. Hospitals
     10.7.2. Clinics
     10.7.3. Ambulatory Surgical Centers
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Kyphoplasty Demand Share Forecast, 2019-2026
11. Asia Pacific Kyphoplasty Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Kyphoplasty Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Kyphoplasty Market Size and Volume Forecast by Applications
     11.4.1. Kyphosis
     11.4.2. Spinal Fractures
     11.4.3. Vertebral Alignment
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Kyphoplasty Market Size and Volume Forecast by End Users
     11.7.1. Hospitals
     11.7.2. Clinics
     11.7.3. Ambulatory Surgical Centers
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Kyphoplasty Demand Share Forecast, 2019-2026
12. Middle East & Africa Kyphoplasty Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Kyphoplasty Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Kyphoplasty Market Size and Volume Forecast by Applications
     12.4.1. Kyphosis
     12.4.2. Spinal Fractures
     12.4.3. Vertebral Alignment
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Kyphoplasty Market Size and Volume Forecast by End Users
     12.7.1. Hospitals
     12.7.2. Clinics
     12.7.3. Ambulatory Surgical Centers
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Kyphoplasty Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Kyphoplasty Market: Market Share Analysis
  13.2. Kyphoplasty Distributors and Customers
  13.3. Kyphoplasty Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Stryker Corporation
     13.4.2. Medtronic
     13.4.3. BMK Global Medical Company
     13.4.4. CareFusion
     13.4.5. Taeyeon Medical Co., Ltd
     13.4.6. DePuy Synthes (Johnson & Johnson Services, Inc.)
     13.4.7. iMEDICOM

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