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Vertebroplasty and Kyphoplasty Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2021 | 156 Views
   
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Vertebroplasty is a minimally invasive spinal procedure that involves an injection of bone cement through a small hole in the skin into a fractured vertebra. The vertebroplasty is help to improve pain caused by a compression fracture and add stability to the vertebra to avoid more vertebral failure and to improved quality of life. However, kyphoplasty is a type of Vertebral Augmentation for Compression Fractures. This surgical procedure used to stop the pain caused by a spinal fracture, to stabilize the bone, and to restore the loss of vertebral body height due to the compression fracture. In vertebroplasty, bone cement also named as polymethyl-methacrylate is injected through the hollow needle into the fractured bone. In kyphoplasty, a balloon is first inserted and inflated to expand the compressed vertebra to its normal height before filling the space with bone cement. Kyphoplasty is a modern procedure of spine surgery for stabilizing vertebral compression fractures caused due to osteoporosis, cancer, etc.

Vertebroplasty-and-Kyphoplasty

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($USD)

  Segments covered

  Product, End User

  Region covered

North America (U.S., Canada), Europe (U.K, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and Rest of Asia-Pacific), LANTAM (Brazil, Mexico, Argentina and Rest of Latin America), Middle East & Africa (South Africa, Saudi Arabia and UAE)

  Companies covered

Major players analyzed include, Medtronic, Johnson & Johnson, Alphatec Spine, Inc., Stryker Corporation, Globus Medical, Inc., Merit Medical Systems, Inc., SPINUS, IZI Medial Products, Zavation, RONTIS.

 

COVID-19 Scenario Analysis:

Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicines supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunity for manufacturers of COVID-19 management drugs, as many developed countries are short of these drugs. Owing to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future.

 As the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries across the globe with the “World Health Organization” announcing it a public health emergency. The global impacts of the COVID-19 pandemic are already starting to be felt, and will significantly affect the vertebroplasty and kyphoplasty market in 2020. COVID-19 can affect the global economy in three main ways by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:

Globally, kyphoplasty segment dominated the vertebroplasty and kyphoplasty market due to increasing in awareness among the individual, various better pain relief and less complications. 

Globally, North America hold the largest market share and dominate overall vertebroplasty and kyphoplasty market due to the rising advances in vertebroplasty and kyphoplasty products, reimbursement, growing improved access to treatment, presence of well-developed health care facilities, increasing patient population and increasing technological development. However, Asia Pacific is anticipated to expand high growth rate due to an increasing development of health care infrastructure by the public as well as private hospitals, rising geriatric population, growing incidence of chronic diseases, and rising demand for affordable care 

 According to “Washington Post”, in 2013, the number of spinal fusion surgeries have increased by 600% to 700% since 2000, and the cost of surgery has tripled due to high cost of the hardware being implanted. “World Journal of Orthopaedics” reported that in 2016, around 200 million people are affected by osteoporosis and 8.9 million fractures occur each year across the globe. As per the “Japan Osteoporosis Society” in 2015, approximately 12.8 million people have osteoporosis, and the incidence of vertebral compression fracture (OVCF) has been steadily increasing with a rise in the number of patients with osteoporosis in Japan. “NCBI” in 2018, reported that around 7,50,000 individual have vertebral compression fractures in the U.S. It is most common osteoporotic fractures of per year in the U.S.

The factor such as increasing geriatric population, rising incidence of vertebral fractures,  growing healthcare facilities, increase demand for technical advanced product, presence of major market manufacturers rising technological advancements in vertebroplasty and kyphoplasty, and increasing developments in the medical devices industry are drive the growth of vertebroplasty and kyphoplasty market. However the factor that restrain the growth of vertebroplasty and kyphoplasty market such as high cost of surgeries and presence of existing devices. The major opportunities available for vertebroplasty and kyphoplasty market include reducing the high cost of surgeries and increasing in the development of product associated with the vertebral fractures.

New Product launch to flourish the market:

Major Key market manufacturer have been focusing on increasing research and development activities and producing new product solution for specific applications as there are varying demands based on the utilization. Leading market players have determined how improved accuracy can be influential in many applications. Market player in the vertebroplasty and kyphoplasty market are focused on investing in research and development to develop newer devices with enhanced technology which would enable surgeons to perform the process with ease and improve the healing process for patients. This would help the industries to strengthen their market positions.

In 2017, “Stryker” has received U.S. FDA approval for launching new drug such as “AVAflex balloon system. This system used to treat vertebral compression fractures. The system mixes, transfers, and primes bone cement for delivery in less than 60 seconds through a single incision.

In 2018, “Medtronic” has received the U.S.FDA approval for launching new drug such as “Kyphon HV-R bone cement” Kyphon HV-R bone cement is now indicated for treating pathological fractures of the vertebral body due to osteoporosis, cancer or benign lesions using a cementoplasty procedure. These equipment are used to perform different surgeries of spine.

Key segments covered:

Segments

Sub-segments

  Product

  • Vertebroplasty (Needles, Cement Mixing, Deliver Devices)
  • Kyphoplasty (Needle, Balloons, Cement Mixing,  Delivery Devices)

  End User

  • Hospital
  • Ambulatory Surgical Center

 

Key benefits of the report:

  • This study presents the analytical depiction of the global vertebroplasty and kyphoplasty market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global vertebroplasty and kyphoplasty market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global vertebroplasty and kyphoplasty market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global vertebroplasty and kyphoplasty market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Vertebroplasty and Kyphoplasty Market research report:

  • Who are the leading market players active in vertebroplasty and kyphoplasty market?
  • What are the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the vertebroplasty and kyphoplasty market?
  • What are the projections for the future that will help in taking further strategic steps?
 
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