Kyphoplasty Systems Market Segments, Opportunity, Growth and Forecast By End-use Industry 2018-2028
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[UKPRwire, Thu Dec 06 2018] 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: 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.
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Regional analysis includes,
Rest of LATAM
EU – 4 (Germany, France, Italy, Spain)
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
Rest of Europe
CIS & Russia
Rest of APEJ
Middle East & Africa
Rest of MEA
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Historical, current and projected market size in terms of volume and value
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