The most recent study conducted by Report Ocean, titled “Global Vertebroplasty and Kyphoplasty Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Vertebroplasty and Kyphoplasty . The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Vertebroplasty and Kyphoplasty Market is valued approximately USD $ million in 2019 and is anticipated to grow with a healthy growth rate of more than 4.5 % over the forecast period 2020-2027. Vertebral Compression Fracture (VCF) lead to back pain, depression, reduced physical activity, decreased lung capacity, and difficulty sleeping. This Vertebral Compression Fracture (VCF) can be treated with Vertebroplasty & Kyphoplasty, a minimally invasive, image guided surgical procedures. These procedures help the patient to regain the functional abilities and avoid further vertebral collapse, thus stabilize the fracture, restore heights and reduce deformities. The rising geriatric population coupled with in the prevalence of spinal injuries due to sport injury or vehicle accidents are the few factors responsible for growth of the market over the forecast period.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
For instance: according to AgeingAsia.org, the number of population aged 60 and above were 11,988,000 in 2019 and is expected to rise by 29,841,000 in 2050. Also, the total percentage of population aged 60 and above were 12.3% in 2019 and is expected to rise by 27.2 % in 2050. Similarly, the American geriatric population (65 years old or more) was 16% in 2018 and is anticipated to rise by 22 % of American geriatric population in 2050.
Also, according to World Health Organization, around 1.35 million people are died every year due to road traffic crash. According to Statista, the number of deaths due to road accidents across India was 137.57 thousand in 2013 and has risen to 151.11 thousand fatalities in 2019. However, stringent regulatory framework is the major factor restraining the growth of global Vertebroplasty and Kyphoplasty market during the forecast period.
The regional analysis of global Vertebroplasty and Kyphoplasty market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the the increasing aging population, the presence of product approvals coupled with high demand for minimally invasive surgery to treat VCFs in this region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Medtronic
Medaid Inc.
Teknimed
Cardinal health
Johnson & Johnson (Depuy Synthes)
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Joimax GmbH
Stryker Corporation
Atcomed
Lindare Medical
Globus Medical, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Vertebroplasty Devices
Kyphoplasty Devices
By Region:
North America
U.S.
Canada
Europe
UK
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Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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