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.
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
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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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
Market
Segmentation:
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.
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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Competitive Analysis:
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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