Kyphoplasty Market Projected to Hit $1.2 Billion by 2031: Analyzing a 6.2% CAGR Growth
Allied Market Research has recently published its latest research study titled ‘Global Kyphoplasty Market Outlook and Forecast 2021-2031.’ This comprehensive report conducts a thorough analysis of market risks, identifies promising opportunities, and offers valuable insights to support strategic and tactical decision-making from 2021 to 2031. The study divides the market into key regions that are driving its growth. Within the report, you’ll find information on market research and development, factors contributing to growth, and the evolving investment landscape of the Global Kyphoplasty Market. Notable players featured in the study include Merck Stryker, IZI Medica Products, Globul Medical Inc, Swawon Meditech, Merit Medicals Systems, Medtronic, Benvenue Medical Inc, Alphatec Holdings TNC, Jhonson and Jhonson
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Kyphoplasty Market Statistics: The global kyphoplasty market was valued at $632.45 million in 2021, and is projected to reach $1.2 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.
Kyphoplasty Market Growth Drivers:
- Increasing Incidence of Osteoporosis and Vertebral Compression Fractures (VCFs): The rising prevalence of osteoporosis, particularly among the elderly population, is a major driver for the kyphoplasty market. Osteoporosis weakens bones, making them more susceptible to fractures, especially vertebral compression fractures, which kyphoplasty effectively treats.
- Aging Population: The global increase in the aging population significantly contributes to the market growth. Older adults are more prone to conditions like osteoporosis and degenerative disc disease, leading to a higher incidence of VCFs and the subsequent demand for kyphoplasty procedures.
- Advancements in Surgical Techniques and Technology: Technological advancements in kyphoplasty techniques and equipment have improved the safety, efficacy, and outcomes of the procedure. Innovations such as balloon-assisted kyphoplasty and the development of new biomaterials for bone cement are enhancing the procedure’s success rates and patient recovery times.
- Growing Awareness and Diagnosis: Increased awareness about osteoporosis and VCFs among patients and healthcare providers is leading to earlier diagnosis and treatment. Enhanced screening programs and better diagnostic tools are facilitating the early detection of vertebral fractures, driving the demand for kyphoplasty.
- Favorable Reimbursement Policies: Favorable reimbursement policies and insurance coverage for kyphoplasty procedures are making the treatment more accessible to patients, thereby boosting market growth. Government and private insurers’ support in covering the cost of the procedure encourages more patients to opt for this treatment.
- Minimally Invasive Nature of the Procedure: Kyphoplasty is a minimally invasive procedure, which offers several benefits such as reduced pain, shorter hospital stays, faster recovery times, and lower risk of complications compared to traditional open surgeries. These advantages are increasing its adoption among patients and healthcare providers.
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The segments and sub-section of Kyphoplasty Markets shown below:
By Product:
- Kyphoplasty Systems
- Accessories
By Indication:
- Osteoporosis
- Others
By End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
Some of the key players involved in the Market are: Stryker, IZI Medica Products, Globul Medical Inc, Swawon Meditech, Merit Medicals Systems, Medtronic, Benvenue Medical Inc, Alphatec Holdings TNC, Jhonson and Jhonson
If opting for the Global version of Kyphoplasty Market; then below country analysis would be included:
– North America (USA, Canada and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Key Questions Answered with this Study:
1) What makes Kyphoplasty Market feasible for long term investment?
2) How influencing factors influencing the demand of Kyphoplasty in the next few years?
3) Territory that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for products/services?
5) What opportunity emerging territory would offer to established and new entrants in Kyphoplasty Market?
6) What strategies of big players help them acquire share in mature market?
7) Know value chain areas where players can create value?
8) What is the impact analysis of various factors in the Global Kyphoplasty Market growth?
9) Risk side analysis connected with service providers?
Introduction about Kyphoplasty Market
Kyphoplasty Market Size (Sales) Market Share by Type (Product Category)
Kyphoplasty Market by Application/End Users
Kyphoplasty (Volume) and Market Share Comparison by Applications
Global Kyphoplasty and Growth Rate (2021-2031)
Kyphoplasty Competition by Players/Suppliers, Region, Type, and Application
Kyphoplasty (Volume, Value, and Sales Price) table defined for each geographic region defined.
Kyphoplasty Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia.
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