Vertebroplasty and Kyphoplasty Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Vertebroplasty and Kyphoplasty market is segmented by Product Type (Vertebroplasty Devices and Kyphoplasty Devices), and Geography.

Market Snapshot

Market Snapshot
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.5 %

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Market Overview

The vertebroplasty and kyphoplasty market is expected to register a CAGR of 4.5% over the forecast period, owing to technological advancements in product and increasing burden of vertebral compression fracture. Vertebral compression fractures are the most prevalent fractures in osteoporosis patients. 

  • According to the American Association of Neurological Surgeons, around 75,000 people experience vertebral compression fractures every year. For instance, recently Merit Medical introduced two products for vertebral compression fracture, ‘DiamondTOUCH’ and ‘StabiliT’. 
  • The syringe has the capability of injecting cement as well as to inflate and deflate the interventional devices. Hence, these factors are expected to boost the demand for vertebroplasty and kyphoplasty market. 
  • However, the clearance of the products related to vertebroplasty and kyphoplasty by regulatory bodies is expected to obstruct the market growth.

Scope of the Report

Vertebroplasty and kyphoplasty are a surgical procedures for the treatment of vertebral compression fractures. The vertebroplasty and kyphoplasty market is segmented by disc type, material type, and geography.

By Product Type
Vertebroplasty Devices
Kyphoplasty Devices
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Kyphoplasty Devices are Expected to Exhibit a Significant Share in the Vertebroplasty and Kyphoplasty Market

Kyphoplasty devices are expected to exhibit significant growth, owing to the changing lifestyle of people. The adaptation of a sedentary lifestyle by the people has led to physical inactivity, which involves high complications and risk. Even in the patients of osteoporosis and osteopenia, physical exercise reduces the risk of vertebral fractures.

Furthermore, the growing prevalence of vertebral compression fracture, and according to the study of Osteoporosis International, in 2017, around 30% - 50% of people worldwide had been affected with a vertebral compression fracture. Also, according to the study of the Journal of Spine Surgery published in 2019, the kyphoplasty that was performed for vertebral height restoration showed significant outcomes. Therefore, these factors are expected to propel the growth of the vertebroplasty and kyphoplasty market in this segment.

Vertebroplasty and Kyphoplasty Market Trend.png

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a major market share in the global vertebroplasty and kyphoplasty market, owing to the increasing aging population and the presence of product approvals. A vertebral compression fracture is commonly found in the geriatric population. According to the American Association of Neurological Surgeon, a vertebral compression fracture is quite common in older women than men. It affects almost 40% of the women aged 80 and above in the United States. Cardinal Health recently received a US FDA (Food & Drug Administration) approval for its product, ‘Ava-Tex Radiopaque Bone Cement’, which may be used in the spine fracture surgeries, i.e., vertebroplasty. Such activities may boost the growth of demand and usage for these procedures in the market studied.

Vertebroplasty and Kyphoplasty Market - Growth Rate by Region

Competitive Landscape

The vertebroplasty and kyphoplasty market is fragmented and consists of several major players. In terms of market share, few of the major players have been currently dominating the market. Companies have been taking strategic initiatives to grow their presence in the market studied. For instance, in 2019, Medtronic acquired Titan Spine to expand its product portfolio related to spinal surgery. Some of the companies that are currently dominating the market are Medtronic, Medaid Inc., Teknimed, Cardinal Health, Johnson & Johnson (Depuy Synthes), joimax GmbH, Stryker, Atcomed, Lindare Medical, and Globus Medical.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Geriatric Population

      2. 4.2.2 Technological Advancements in the Products

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Framework

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Vertebroplasty Devices

      2. 5.1.2 Kyphoplasty Devices

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle East & Africa

        1. 5.2.4.1 GCC

        2. 5.2.4.2 South Africa

        3. 5.2.4.3 Rest of Middle East & Africa

      5. 5.2.5 South America

        1. 5.2.5.1 Brazil

        2. 5.2.5.2 Argentina

        3. 5.2.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic

      2. 6.1.2 Medaid Inc.

      3. 6.1.3 Teknimed

      4. 6.1.4 Cardinal health

      5. 6.1.5 Johnson & Johnson (Depuy Synthes)

      6. 6.1.6 Joimax GmbH

      7. 6.1.7 Stryker

      8. 6.1.8 Atcomed

      9. 6.1.9 Lindare Medical

      10. 6.1.10 Globus Medical

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Vertebroplasty and Kyphoplasty Market market is studied from 2018 - 2026.

The Vertebroplasty and Kyphoplasty Market is growing at a CAGR of 4.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Johnson & Johnson (Depuy Synthes), Stryker, Joimax GmbH, Teknimed, Globus Medical are the major companies operating in Vertebroplasty and Kyphoplasty Market.

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