The Global Kyphoplasty Balloons market is expected to grow from $3.1 billion in 2021 to $4.8 billion by 2028, at a CAGR of 6.5% during the forecast period (2021-2028). The growth can be attributed to the increasing number of spinal deformities and chronic pain cases globally as well as growing awareness about Kyphoplasty balloon products for the treatment of these conditions among physicians and patients alike. North America is likely to remain the dominant region with a high adoption rate due to low-cost surgeries in the U.S., Europe will also witness a significant rise in demand over the next decade owing to increase incidence rates of back pain associated with an aging population.
Kyphoplasty Balloons are medical devices that help in repairing fractured vertebrae or joints, and they can be inserted through an incision. These balloons then fill up with a fluid to take on pressure and push against the walls of bone which then helps it heal quickly without any need for surgery. Kyphoplasty is also known as spine reconstruction therapy where doctors use implants to repair bones when there has been damage due to osteoporosis or trauma, etc.
On the basis of Type, the market is segmented into Chronic Pain, Spinal Deformity.
Chronic pain is often defined as pain that lasts for more than three months. The definition of chronic pain can vary depending on the person's condition or type of injury they suffer from. For instance, someone who has had back surgery may experience short-term postoperative pain and long-term chronic postsurgical orthopedic neuralgia (PSON) due to scar tissue formation around the nerves in their spinal cord following surgical procedures such as vertebral column decompression, fusion spine surgeries or discectomy with laminectomy; these people are not suffering from chronic pain but instead acute neurological disorders like PSON that could occur after any form of surgery despite its lengthiness.
Spinal deformity refers to the abnormal shape of a person's spine. It is often caused by an injury or because they are born with it, but sometimes spinal deformities can be fixed using various surgical procedures. For instance, scoliosis is when someone has curvature in their spine which causes them to have two different bone lengths on either side of their back and fixable through surgery; kyphosis is where someone's thoracic vertebrae curve more than normal; lordosis occurs when there are extra curves at the lower end of one's neck that shouldn't be present for other people (i.e., anterior pelvic tilt); these conditions could also require corrective surgeries if not attended to early enough.
On the basis of Application, the market is segmented into Hospital, Clinic, and Other. The chronic pain segment is expected to account for more than one-third share by 2028 and is anticipated to grow steadily over the forecast period owing to rising treatment costs associated with acute back trauma, degenerative spine diseases such as osteoporosis or compression fractures, and other conditions that are directly related to lower back region complications. Rising adoption rates among hospitals across various regions including North America and Europe coupled with increased awareness about its application scope will also aid growth prospects during this time frame.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific & Middle East, and Africa. The regional landscape is marked by a high growth potential for all regions owing to the rising geriatric population worldwide coupled with an increase in demand from hospitals across various countries including developed nations such as Canada and UK. The North American market is expected to grow at a comparatively lower rate with the US accounting for nearly one-fifth of the regional revenue share. The Latin American market is expected to generate significant growth rates during this time frame as countries such as Brazil are witnessing high adoption and awareness levels. The increasing demand from hospitals in developed nations will also aid prospects for Europe's Kyphoplasty Balloons Market, which is anticipated to account for more than thirty percent of the Asia Pacific & Middle East and Africa region's total size by 2028 end.
Up Market Research published a new report titled “Kyphoplasty Balloons Market research report which is segmented by Types (Chronic Pain, Spinal Deformity), By Applications (Hospital, Clinic, Others), By Players/Companies CareFusion, DePuy Synthes, Medtronic, Stryker, Biomet, Cook Medical, AOI Medical, Joline, SI-BONE, Vexim”.
|Report Attributes||Report Details|
|Report Title||Kyphoplasty Balloons Market Research Report|
|By Type||Chronic Pain, Spinal Deformity|
|By Application||Hospital, Clinic, Others|
|By Companies||CareFusion, DePuy Synthes, Medtronic, Stryker, Biomet, Cook Medical, AOI Medical, Joline, SI-BONE, Vexim|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||242|
|Number of Tables & Figures||170|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Chronic Pain, Spinal Deformity and By Application Hospital, Clinic, Others.
Some of the companies that are profiled in this report are:
Kyphoplasty Balloons Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Kyphoplasty Balloons Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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