Kyphoplasty Systems Market Became a Highly Profitable Industry: Revenue Analysis and Industry Foreca
Vertebral compression fracture is one of the most common osteoporotic fractures, which leads to kyphotic deformities, depression, weight loss, reduced quality of life, persistent pain and even death. Osteoporosis is a major cause of vertebral compression fracture in elderly women. Multiple myeloma, metastatic bone disease, traumatic injuries and metastatic spinal tumors can also lead to vertebral compression fractures.
[USPRwire, Mon Sep 16 2019]
Vertebral compression fracture is one of the most common osteoporotic fractures, which leads to kyphotic deformities, depression, weight loss, reduced quality of life, persistent pain and even death. Osteoporosis is a major cause of vertebral compression fracture in elderly women. Multiple myeloma, metastatic bone disease, traumatic injuries and metastatic spinal tumors can also lead to vertebral compression fractures. According to the International Journal of Surgery-Elsevier, VCF occurs in 16% of women post-menopause and in 20% of people older than 70 years of age. People suffering from vertebral compression fracture can opt for either kyphoplasty or vertebroplasty. Kyphoplasty systems use a minimally-invasive approach and the procedure can be carried out on outpatient as well as inpatient basis. Kyphoplasty systems have proved to be more efficient than non-surgical care for treating acute vertebral compression fractures.
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Kyphoplasty Systems Market: Drivers
Growing prevalence of osteopenia and osteoporosis due to the increasing elderly population and growing demand for outpatient and minimal invasive procedures are driving the growth of the kyphoplasty systems market. Vertebral compression fractures caused by benign lesions, cancer and osteoporosis are gaining prevalence in the market. The kyphoplasty systems market is also influenced by the advantages of minimally invasive and cost-saving equipment procedures. Good reimbursement policies by local governments are contributing to the growth of kyphoplasty systems as well. However, certain complications such as damage of the surrounding spinal nerves and canal, allergy to the solution placed to view the balloon on and X-ray image, introduction of novel devices such as vertebral augmentation implants and vertebral body stents in the market and the high-cost of surgery might hinder the growth of the kyphoplasty systems market over the forecast period.
Kyphoplasty Systems Market: Regional Outlook
The Europe kyphoplasty systems market, mainly Germany and Italy, is expected to grow with the fastest rate over the forecast period, owing to the continued adoption of better and expensive kyphoplasty systems. The Austria kyphoplasty systems market is also anticipated to register significant growth over the forecast period. The North America kyphoplasty systems market is estimated to witness remarkable growth over the forecast period, owing to the improved healthcare expenditure in the region. Several available reforms such as the Affordable Care Act in the U.S. have led to an increase in the adoption of kyphoplasty systems. Increase in morbidity among the elderly population with vertebral compression fracture is expected to drive the significant growth of the Asia-Pacific kyphoplasty systems market.
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Kyphoplasty Systems Market: Overview
According to a rheumatic report by Springer, a vertebral compression fracture is the most common injury among the elderly population with an incidence rate of about 700,000 per year in the United States itself and affects approximately 25 percent of all post-menopausal women in the U.S. Balloon Kyphoplasty Systems is expected to register significant growth in Kyphoplasty Systems market as the inflation of the balloon helps in restoring deformity height and maintains the deformity shape as well. This can further be attributed to the increasing prevalence of multiple myeloma, traumatic spinal injuries, spinal tumors, etc. Kyphoplasty systems take care of the long-term maintenance of spinal bones, which are injured by compression fractures. These kyphoplasty systems also provide pain relief, improve back function, provide quality of life and thus, are preferred over vertebroplasty systems.
Kyphoplasty Systems Market: Market Participants
The major market participants operating in the global kyphoplasty systems market include Medtronic Plc, DePuy Synthes, Stryker Corp, CareFusion, Somatex, Zimmer Biomet, Cook Medical, AOI Medical, Bone Support, Taeyeon Medical Co. Ltd., Benvenue Medical, Joimax, DFine, Crosstrees Medical, Maxxspine, Joline, Tecres, SI-Bone, Zavation and Vexim. Companies operating in Kyphoplasty Systems market have introduced improved radiopaque markers to improve the visual efficiency of balloon positioning.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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