Vertebroplasty and
kyphoplasty Market: Introduction
·
Transparency Market Research has published a new report titled, “Global
Vertebroplasty and kyphoplasty Market”. According to the report, the
global vertebroplasty
and kyphoplasty market was valued at US$ 1.0 Bn in 2018 and
is projected to expand at a CAGR of 4.6% from 2019 to 2027.
·
The global vertebroplasty and kyphoplasty market is driven by increase in
the aging population, which has resulted in an increase in the number of
vertebrae compression fractures and rise in health care expenditure. Moreover,
a rise in demand for minimally invasive procedures for spine surgery also
drives the vertebroplasty and kyphoplasty market. Additionally, according to
the World Journal of Orthopedics, 2016, more than 200
million people in the world are affected by osteoporosis and more
than 8.9 million fractures occur each year.
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Kyphoplasty segment to
Account for Leading Share of Global Vertebroplasty and kyphoplasty Market
·
The kyphoplasty segment dominated the global vertebroplasty and kyphoplasty
market in 2018. The segment is projected to expand at a higher
CAGR from 2018 to 2026. The segment is
anticipated to sustain its leadership position during the forecast period owing
to advantages such as better pain relief, less complications, and rise in
awareness about its advantages. The kyphoplasty segment has been classified
into needles & balloon and cement mixing & delivery devices.
·
Kyphoplasty is a modern procedure of spine surgery for stabilizing
vertebral compression fractures caused due to osteoporosis, cancer, etc.
Kyphoplasty is similar to vertebroplasty. However, in this process, surgeons
use special balloons to create spaces within the vertebra that are then filled
with bone cement. This process is very useful to restore lost height of the
spine.
·
A study report was published in the International Journal of Spine Surgery
in 2018 that compared outcomes of vertebroplasty, balloon
kyphoplasty, vertebral augmentation with implant and nonsurgical management
(NSM) for treating vertebral compression fractures. The study found that
kyphoplasty offered significant pain reduction, better height restoration, and
better disability score as compared to other treatments.
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Hospital Segment to
Account for Significant Vertebroplasty and kyphoplasty Market Share
·
Hospitals are a major end-user of vertebroplasty and kyphoplasty products,
although specialty antibody application are specifically used in research and
diagnostic procedures. Hospital infrastructure in the U.S., European countries,
and other developed countries is robust. Therefore, the number of surgeries
performed in hospitals is high as compared to that in ambulatory surgical
centers.
·
High preference of patients for hospitals due to the availability of all
levels of treatment, increase in the number of hospital operating rooms, and
rise in awareness about different treatment support provided in hospitals for
vertebral compression fractures are expected to contribute to the
attractiveness of the segment, which augment vertebroplasty and kyphoplasty
market.
·
Moreover, patients favor hospitals because of reimbursement facilities
provided by them through Medicare and Medicaid for inpatients. For instance, El
Camino Hospital, a U.S.-based multispecialty hospital, provides
reimbursement facilities for its patients who undergo kyphoplasty through the
Medicare and Medicaid facility.
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Global Vertebroplasty and
kyphoplasty Market: Prominent Regions
·
North America held the largest share of the global vertebroplasty and
kyphoplasty market in 2018. The vertebroplasty and kyphoplasty market in the
region is projected to grow at a rapid pace during the forecast period, driven
by presence of key players, technological advancements, and highly structured
health care industry.
·
North America is projected to continue its dominance in the global
vertebroplasty and kyphoplasty market, by 2027, high prices of the
kyphoplasty procedure in the U.S. and high incidence rate of vertebral
compression fractures in the country were responsible for the high share held
by North America in the global vertebroplasty and kyphoplasty market in 2018.
According to an NCBI report 2018, vertebral compression fractures are
the most common osteoporotic fractures with an estimated occurrence of 7,50,000 per
year in the U.S.
·
However, a change in reimbursement policies and constant pricing pressure
that leads to cutting of prices of kyphoplasty devices are likely to hamper the
vertebroplasty and kyphoplasty market in North America in the near future
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Global Vertebroplasty and
kyphoplasty Market: Key Players
·
Key players in the global vertebroplasty and kyphoplasty market focus on
strengthening their positions in the global vertebroplasty and kyphoplasty
market
·
Key players operating in the global vertebroplasty and kyphoplasty market
include Medtronic, DePuy Synthes (Johnson & Johnson), Alphatec
Spine, Inc., Stryker Corporation, Globus Medical, Inc., Merit Medical Systems,
Inc., SPINUS (BMK Global Medical Company), IZI Medial Products, Zavation, and
RONTIS.
·
Several major manufacturers are collaborating, partnering, acquiring
emerging market entrants having novel products. This amalgamation of technical
expertise of key players and novel product techniques or materials of new
players has ensured launch of new products with improved functionalities in the
next few years. In March 2017, Stryker received FDA clearance for
its AVAflex balloon system to treat vertebral compression fractures. The
company bought this technology from BD. The system mixes, transfers, and primes
bone cement for delivery in less then 60 seconds through a single incision.
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