Kyphoplasty Market Size Worth $1,048.38 Million By 2032 | CAGR: 5.2%

The global kyphoplasty market size is expected to reach USD 1048.38 million by 2032, according to a new study by Polaris Market Research. The report “Kyphoplasty Market Share, Size, Trends, Industry Analysis Report, By Product (Balloon Catheters, Bone Access Devices, Cement Application Products, Bone Cement, Cement Mixing Systems, Instruments), By Application, By Indication, By End-use, By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Compression fractures have a significant impact on many individuals worldwide. Among fractures occurring in osteoporosis patients, vertebral compression fractures (VCFs) are the most prevalent, affecting approximately 750,000 individuals annually. Incidence of VCFs tends to increase gradually with age, with an estimated 40% of women aged 80 and older being affected by this condition.

COVID-19 pandemic has had a profound impact on the surgical and clinical practices of spine surgeons worldwide. According to a survey conducted by the Asia Pacific Spine Society (APSS), the pandemic has brought about significant changes in the clinical practices of spine surgeons. The survey gathered responses from a total of 222 participants representing 19 different countries. The findings revealed that there was an average reduction of 48.1% in clinic volume across all nations. Consequently, countries such as Malaysia, Japan, India, the Philippines, and South Korea experienced a notable decline in the number of surgeries performed during this period.

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Kyphoplasty provides faster pain relief and improved functional outcomes compared to conservative treatment methods. In the case of multiple myeloma, a type of cancer that weakens the back bones, fractures, & kyphosis (abnormal curvature of the spine) can occur. On the other hand, prolonged sitting and poor posture can also contribute to the development of kyphosis. The pressure exerted on the vertebrae during extended periods of sitting can lead to their degeneration and subsequent formation of kyphosis.

Market is anticipated to witness growth during the forecast period, due to rising demand for minimally invasive surgical procedures, improvements in health reimbursement policies, technological advancements in new products, and an increasing incidence of osteoporosis. For example, in September 2020, Stryker's SpineJack implantable fracture reduction system obtained the U.S. Centers for Medicare & Medicaid Services (CMS) new technology add-on payment, in 2021, in-patient prospective payment system, highlighting the recognition and support for innovative advancements in the field.

Kyphoplasty Market Report Highlights

• Bone access segment held the largest share, due to rising cases of bone fractures, and compression damages to cartilages
• Balloon catheters expected to grow at steady rate, owing to advancements in technology, and rise in minimally invasive surgeries
• North America region held the largest share, due to presence of well-developed medical infrastructure, and reimbursement scenario
• The global key market players include Stryker, Hensler Surgical Products, Medtronic, Smith & Nephew, MicroPort Scientific, and DePuy Synthes

Polaris Market Research has segmented the kyphoplasty market report based on product, application, indication, end use, and region:

Kyphoplasty, Product Outlook (Revenue - USD Million, 2023 - 2032)

• Balloon Catheters
• Bone Access Devices
• Cement Application Products
• Bone Cement
• Cement Mixing Systems
• Instruments

Kyphoplasty, Application Outlook (Revenue - USD Million, 2023 - 2032)

• Vertebral Alignment Restoration
• Spinal Fractures
• Kyphosis

Kyphoplasty, Indication Outlook (Revenue - USD Million, 2023 - 2032)

• Osteoporosis
• Others

Kyphoplasty, End Use Outlook (Revenue - USD Million, 2023 - 2032)

• Hospitals & Clinics
• Ambulatory Surgical Centers

Kyphoplasty, Regional Outlook (Revenue - USD Million, 2023 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Kyphoplasty Market Report Scope