The "Global Kyphoplasty Market" accounted to USD 1.2 billion in 2016 growing at a CAGR of 11.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Kyphoplasty Market, By Devices (Balloon, Needle, X- ray Device), By Applications (Restore Lost Vertebral Body , Correction of the Local Kyphosis), By End User (Hospitals, Ambulatory Surgical Centers), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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The kyphoplasty is a minimally invasive image guided surgical procedure for treating vertebral compression fracture which is caused by various factors such as osteoporosis, fractures to name a few.
Major market drivers and restraints:
- limitations in the traditional techniques
- Advanced procedures in fracture stabilization
- Increase in ageing population
- Growing osteoporosis cases
By product type the kyphoplasty market is segmented into balloon, needle and X- ray device.
On the basis of application the market is segmented into restoring lost vertebral body and correction of the local kyphosis.
On the basis of end user the market is segmented into hospitals and ambulatory surgical centers.
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On the basis of geography, kyphoplasty market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, andBrazil among others.
In 2017, North America is expected to dominate the market.
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Kyphoplasty market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of kyphoplasty market for global, Europe, North America, Asia Pacific and South America.
Some of the major players operating in kyphoplasty market are Depuy Synthes, Stryker Corporation, CareFusion Corporation, Osseon LLC., Alphatec Spine, Inc., TAEYEON MEDICAL Co., Ltd., G-21 s.r.l., BMK Global Medical Company, Medtronic, Inc., Globus Medical, Inc., SOMATEX, Zimmer Holdings Incorporated, Parallax Medical, DFine, Inc., Cook Medical, Inc. among others
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