Kyphoplasty Market is Growing at a CAGR of 11.5% With Leading Players Depuy Synthes, Stryker, CareFusion, Osseon LLC., Alphatec Spine, Inc., TAEYEON MEDICAL Co., Ltd
Global Kyphoplasty Market By Devices (Balloon, Needle, X- ray Device, Cement Mixing and Delivery Devices), Applications (Restore Lost Vertebral Body , Correction of the Local Kyphosis), End User (Hospitals, Ambulatory Surgical Centers), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2026 Global Kyphoplasty Market accounted to USD 1.5 billion in 2018 to an estimated value of USD 3.56 by 2026, growing at a CAGR of 11.5% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
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Some of the major market competitors currently working in the global kyphoplasty market are Depuy Synthes, Stryker CareFusion Osseon LLC., Alphatec Spine, Inc., TAEYEON MEDICAL Co., Ltd., G-21 s.r.l., BMK Global Medtronic, Inc., Globus Medical, Inc., SOMATEX, Zimmer Holdings Incorporated, Parallax health Sciences, Inc. DFine, Inc., Cook Medical, Inc., Among others.
Market Definition:
The kyphoplasty is similar to vertebroplasty with the intent of expanding the collapsed vertebra. It is a minimally invasive image-guided surgical procedure for treating vertebral compression fracture which is caused by various factors such as osteoporosis, fractures. Global Kyphoplasty Market research report is an exhibited wellspring of information and data that gives a broader and insightful perspective on the present market patterns, circumstances, opportunities and status. SWOT analysis has been performed while planning this Global Kyphoplasty Market report alongside numerous other standard strides of looking into, dissecting and gathering information. The Global Kyphoplasty Market report gives estimations of CAGR values, market drivers and market limitations about the ABC business which are useful for the organizations for decision making.
Market Drivers
- Limitations in the traditional technique is paving the way for the growth of the market.
- Advanced procedures in fracture stabilization is acting as one of the drivers for the market.
- Increase in ageing population is one of the drivers for the market.
Market Restraint
- Cement leakage and corresponding damage to surrounding spinal canal and nerves is one of the restraints for the market.
- Cheap cloned products are a threat in developing economies
Segmentation: Global Kyphoplasty Market
By Product Type
- Balloon
- Needle
- X- ray device
- Cement Mixing
- Delivery Devices
By Application
- Restoring lost vertebral body
- Correction of the local kyphosis
By End User
- Hospitals
- Ambulatory surgical centers
By Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
Key Developments in the Market:
- In September 2018, FDA OKs Stryker’s SpineJack Implantable Fracture Reduction System, it has announced that it has received FDA 510(k) clearance to the market of SpineJack Implantable Fracture Reduction System. SpineJack system is mainly used to reduction the painful osteoporotic vertebral compression fractures.
- In June 2013, Stryker Interventional Spine launched two new products to expand portfolio. One of the product is 11g iVAS Balloon System, the least invasive vertebral augmentation option available on the market, it addresses the surgical trend of shifting toward less invasive treatment options. Introduction of these products has enhanced Stryker’s position in the market as being a single source for minimally invasive spine solutions.
Competitive Analysis: Global Kyphoplasty Market
Global Kyphoplasty Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of the Kyphoplasty market for Global, Europe, North America, Asia Pacific, South America, and Middle East & Africa.
Focal points covered in this Statistical Survey report
- This Global Kyphoplasty Market report provides a pin-point analysis of the market outlook and later establishes its comparison with current patterns. Also, it creates a relationship of the market outlook with Porter Five Force Analysis
- This research report is an inclusive concept of market progression. The market progression considers the components of the present situation and compares the current scenario of the market with future developmental chances.
- The Global Kyphoplasty Market research report includes investigation at global and regional levels. These comprehensive and local level investigations are inclusive of the request as well as the supply powers which in turn willingly or unwillingly affects the market development
- Various Topics such as product offering, finance-related data, recent developments, analysis of Strengths, Weakness, Opportunities and Threats in the upcoming scenario are highlighted in this research report.
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