Global Kyphoplasty Market Forecast 2020-2027


Posted April 24, 2021 by sonikashukla98

The surging prevalence of spinal cord injuries coupled with the rising geriatric population and other spine-related problems resulting in the need for spinal treatments.
 
Bharat Book Bureau Provides the Trending Market Research Report on "Global Kyphoplasty Market: Current Analysis and Forecast (2020-2027) "under Healthcare category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

The surging prevalence of spinal cord injuries coupled with the rising geriatric population and other spine-related problems resulting in the need for spinal treatments. As per WHO, around 250 000 to 500 000 people globally suffer a spinal cord injury (SCI) every year. Most of the spinal cord injuries happen due to preventable causes such as road traffic crashes, falls, or violence, etc. Kyphoplasty market is a vertebral augmentation surgery that is used to treat a spinal compression fracture. These fractures also occur because of conditions such as osteoporosis or trauma. Osteoporotic vertebral fractures have associations with increased morbidity. Kyphoplasty procedure provides pain relief and improves spinal support function. Moreover, the benefits of kyphoplasty such as less pain, easy and quick procedure, and quick recovery are acting as a growth catalyst to the market. As per a survey by the US National Library of Medicine

According to the National Spinal Cord Injury Statistical Center, the distribution of the causes of spinal cord injury has changed drastically from 2015 to 2019. Around 39.3% of the spinal cord injuries are due to motor vehicle crashes while 31.8% are due to falls. Moreover, the average age at injury has moved from 29 years in the 1970s to 43 years in 2018.

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For a better understanding of the market penetration of kyphoplasty, the market is analyzed based on its worldwide presence in the region such as North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific), and Rest of World. North America constitutes a major market for the kyphoplasty industry. Some of the major players operating in the market include Stryker Corporation, Medtronic, CareFusion, Alphatec Spine, Osseon LLC, DePuy Synthes (Johnson & Johnson Services), Globus Medical, Zimmer Biomet, etc.

The global kyphoplasty market was valued at US$ 1.29 billion in 2019 and is projected to expand significantly with a CAGR of 12.66% from 2021-2027. The global kyphoplasty market is expected to witness a boost, owing to the escalating number of patients with spine-related problems coupled with the surging prevalence of orthopedic. Also, the adoption of advancements in technologies in the healthcare sector is contributing to the demand for kyphoplasty.

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Last Updated April 24, 2021