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Kyphoplasty Market Size, Status, Top Players, Trends And Forecast 2022 - 2030

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Nayara Rajput
Kyphoplasty Market Size, Status, Top Players, Trends And Forecast 2022 - 2030

Kyphoplasty Industry Overview

The global kyphoplasty market size was valued at USD 606.01 million in 2021 and is expected to expand at a CAGR of 5.2% during the forecast period.

 

The rising base of the geriatric population and the increasing prevalence of osteoporosis are high growth rendering drivers for the market growth. Consistent with the International Osteoporosis Foundation, it is assessed that 1 in 5 men and 1 in 3 women and, over age 50, will experience osteoporosis fractures in their remaining lifetimes globally. Vertebral compression fractures untreated can have serious clinical consequences and impose a significant impact on patients' quality of life and on caregivers. Since non-surgical management of these fractures has limited effectiveness, kyphoplasty procedures are gaining acceptance in medical practice for fracture stabilization and pain control. Furthermore, vertebral augmentation procedures for instance balloon kyphoplasty have been displayed to reduce mortality by up to 55% compared to non-surgical management.

 

Gather more insights about the market drivers, restrains and growth of the Global Kyphoplasty Market

 

COVID-19 has spread all over the globe and has touched the epidemiologic criteria to be defined as a pandemic. In this alarming situation, standard medical practice was markedly affected, giving importance to the treatment of Coronavirus patients. To reduce the rate of contamination of medical staff and patients during hospitalization, the spine department was totally reorganized. In April 2020, the North American Spine Society (NASS) released a guidance document comprehensive of clinical considerations and recommendations for surgeries and procedures within the following classes: emergent, urgent, and elective.

 

Non-urgent elective surgeries were annulled. For instance, as per a study published in Asian Spine Journal, surgical procedures decreased by approximately 50% in the first month of confinement in France as compared to the same period in 2019 (March 2020 to April 2020). The pandemic is estimated to have a modest impact on the market in the short term. Once the impact decreases, acceptance of innovative devices, as well as the ongoing expansion of dedicated infrastructure for spinal interventions, will drive strong growth throughout the forecast period.

 

Innovations and the development of new technologies, based on research activities undertaken by manufacturers, are driving the growth of the market. For instance, in October 2021, Stryker set up an R&D lab in Australia (Queensland), which builds on the existing partnerships with researchers, hospitals, universities, and local governments, to drive the transformation of research into practical, commercially accessible precision medical device technology. This innovative R&D Lab will also associate with the company’s CMF instruments and endoscopy, medical, joint replacement, spine, & trauma, and extremities divisions to focus on research that drives technology platforms that can be used across facility lines over the continuum of care

 

The kyphoplasty procedure can reduce pain while improving mobility and alignment. This, along with reduced dependence on opioid pain medication, can result in significantly enhanced overall quality of life. Kyphoplasty has the added advantage of improving or restoring vertebral body height and mechanical alignment at the fracture site. The kyphosis and height loss related to compression fractures can lead to reduced pulmonary capacity and poor quality of life. Kyphoplasty procedures are safe, proven, and minimally invasive techniques. They provide relief of pain and fracture stabilization in individuals who are treated using this procedure.

 

The balloon kyphoplasty procedure has been in usage for over 20 years in more than 1 million fractures. As compared to non-surgical procedures, balloon kyphoplasty has been displayed in clinical studies to attain restoration of vertebral body height and improvement of vertebral body deformity. Besides, improved quality of life, mobility, and ability to do daily activities reduced back pain further making this procedure more advantageous over others, which in turn, supports market growth.

 

So far, a comprehensive range of bone cement has been approved for clinical applications and many have been used for balloon kyphoplasty procedures. New technical improvements in the development of balloon kyphoplasty cement rely on innovative concepts and interdisciplinary knowledge. With the advent of novel biodegradable and mechanically matched bone cement, the balloon kyphoplasty indications will likely be broadened, thus supports in segment growth. The preference for less invasive procedures has been shown as a key trend in the global kyphoplasty market.

 

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Key Companies Profile

Some of the prominent players in the global kyphoplasty market include:

  • Stryker
  • Medtronic Inc.
  • Smith & Nephew
  • MicroPort Scientific Corporation
  • DePuy Synthes (Johnson & Johnson Services Inc.)
  • IZI Medical Products
  • CareFusion
  • Merit Medical Systems
  • joimax GmbH
  • G21 S.r.l.
  • Joline GmbH & Co. KG
  • Seawon MediTech
  • Hensler Surgical Products
  • Taeyeon Medical Co., Ltd.
  • iMEDICOM
  • Jiangsu ChangMei Medtech Co., Ltd.

 

Order a free sample PDF of Kyphoplasty Market Intelligence Study, published by Grand View Research.

 

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