2024-2033 Vertebroplasty And Kyphoplasty Market: Key Insights on Growth Opportunities
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What is the Expected Growth Rate of the Vertebroplasty And Kyphoplasty Market from 2024 to 2033?
The vertebroplasty and kyphoplasty market will grow from $0.91 billion in 2023 to $0.97 billion in 2024 at a 7.0% CAGR. Key drivers include the aging population, the rising prevalence of osteoporosis, advancements in minimally invasive techniques, increasing awareness and diagnoses, growing lifestyle-related factors, and the burden on healthcare systems.
The vertebroplasty and kyphoplasty market is expected to experience strong growth, reaching $1.22 billion by 2028, with a CAGR of 5.9%. Growth drivers include the expansion of geriatric care services, development of biocompatible bone cement, increased outpatient procedure adoption, value-based healthcare models, and an aging population. Trends include spinal intervention research, ambulatory surgical center expansion, bone cement innovations, advancements in procedures, and healthcare cost containment.
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What Key Factors Are Fueling the Growth of the Vertebroplasty And Kyphoplasty Market?
The rise in sports-related spinal injuries is anticipated to drive the growth of the vertebroplasty and kyphoplasty markets. Spinal injuries in sports are a growing concern, as conditions such as vertebral compression fractures and herniated discs require minimally invasive treatments like vertebroplasty and kyphoplasty. The New Zealand Spinal Trust reported an increase in spinal cord injuries from sports, with such injuries rising from 14% in 2020 to 19% in 2021. This increase in sports-related spinal injuries is expected to drive the demand for vertebroplasty and kyphoplasty procedures.
What Are the Major Segments of the Vertebroplasty And Kyphoplasty Market?
1) By Product Type: Kyphoplasty Devices, Vertebroplasty Devices
2) By Surgery Type: Vertebroplastic Surgery, Kyphoplastic Surgery
3) By End User: Hospitals, Ambulatory Surgical Centers
What New Trends Are Transforming the Vertebroplasty And Kyphoplasty Market?
In the vertebroplasty and kyphoplasty markets, companies are introducing new cement mixtures to improve treatment effectiveness. IZI Medical Products LLC launched Vertefix HV Cement in November 2021, designed to enhance vertebroplasty and kyphoplasty procedures by offering real-time flow visualization during bone cement injection. The cement includes variable-sized barium particles and high viscosity for better visualization, improving outcomes and safety.
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Which Regions Are Driving Growth in the Vertebroplasty And Kyphoplasty Market?
North America was the largest region in the vertebroplasty and kyphoplasty market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vertebroplasty and kyphoplasty market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Vertebroplasty And Kyphoplasty Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the vertebroplasty and kyphoplasty market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Vertebroplasty And Kyphoplasty Market Include
1. Vertebroplasty And Kyphoplasty Market Executive Summary
2. Vertebroplasty And Kyphoplasty Market Segments
3. Vertebroplasty And Kyphoplasty Market Size And Template Market Growth Rate
4. Key Vertebroplasty And Kyphoplasty Market Trends
5. Major Vertebroplasty And Kyphoplasty Market Drivers
……
25. Key Mergers And Acquisitions In The Vertebroplasty And Kyphoplasty Market
26. Top Vertebroplasty And Kyphoplasty Companies
27. Vertebroplasty And Kyphoplasty Market Opportunities And Strategies
28. Vertebroplasty And Kyphoplasty Market, Conclusions And Recommendations
29. Appendix
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