Global Kyphoplasty Market: Current Analysis and Forecast (2020-2027)

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The surging prevalence of spinal cord injuries coupled with the rising geriatric population and other spine-related problems resulting in the need for spinal treatments. As per WHO, around 250 000 to 500 000 people globally suffer a spinal cord injury (SCI) every year. Most of the spinal cord injuries happen due to preventable causes such as road traffic crashes, falls, or violence, etc. Kyphoplasty is a vertebral augmentation surgery that is used to treat a spinal compression fracture. These fractures also occur because of conditions such as osteoporosis or trauma. Osteoporotic vertebral fractures have associations with increased morbidity. Kyphoplasty procedure provides pain relief and improves spinal support function. Moreover, the benefits of kyphoplasty such as less pain, easy and quick procedure, and quick recovery are acting as a growth catalyst to the market. As per a survey by the US National Library of Medicine National Institutes of Health, out of a total of 151 people, 144 responded that e-procedure to inject cement into your fracture tolerable while 7 responded that the procedure was not tolerable. Also, 100 people said that they would have the same procedure again while 24 said no and 27 were not sure about that. Also, in a survey, around 57% out of a total of 310 people are satisfied or better with the surgery for the treatment of back pain. Escalating the aging population globally that are suffering from osteoporosis is also supporting the growth of the demand for kyphoplasty surgery. As per a report by United Nations, “There were 703 million persons aged 65 years or over in the world in 2019 and the number of older persons is projected to double to 1.5 billion in 2050”. Also, half of the world's population aged 65 and older suffer from osteoarthritis, and 80 % of people with symptomatic Osteoarthritis have limitations in movement, while 25 % were not able to perform their normal daily activities. According to the National Spinal Cord Injury Statistical Center, the distribution of the causes of spinal cord injury has changed drastically from 2015 to 2019. Around 39.3% of the spinal cord injuries are due to motor vehicle crashes while 31.8% are due to falls. Moreover, the average age at injury has moved from 29 years in the 1970s to 43 years in 2018. Some Stats related to people with Spinal Cord Injury are: • Every year, around the world, between 250,000 and 500,000 people suffer a spinal cord injury (SCI) • Up to 90% of cases are due to traumatic causes, though the proportion of non-traumatic spinal cord injury appears to be growing • People with spinal cord injury are 2 to 5 times more likely to die prematurely than people without SCI. • About of new SCI cases are 78% male, 22% female • The highest per capita rate of injury occurs between ages 16-30 • The average age at injury - 43 • Motor vehicle accidents are the leading cause of SCI (39.3%), followed by falls (31.8%), acts of violence (13.5%), sports (8%), medical/surgical (4.3%), and other (3.1%) • The most common cause of death is a respiratory ailment, whereas, in the past, it was renal failure. An increasing number of people with SCI are dying of unrelated causes such as cancer or cardiovascular disease, like that of the general population Based on the product type, the kyphoplasty market is bifurcated into the balloon, Cement Mixing, Needle, X-Ray devices, and Delivery devices. Products such as needles and cement Mixing are common for both Vertebroplasty and Kyphoplasty procedures. While X-Ray and Delivery accessories are required for any surgery. The balloon segment generated revenue of US$ 512 million in 2019 and is expected to grow at the highest CAGR of 14.06% during the forecast period to reach a market valuation of US$ 1.44 billion by 2027. Based on the application, the kyphoplasty market is bifurcated to Kyphosis, Spinal Fractures, and Vertebral Alignment Restoration. Surging cases of road accidents and escalating aging population across the globe resulting in the demand for kyphoplasty surgery. The Spinal fracture segment captured the major market share and account for approximately 43.12% in the global kyphoplasty market. For a better understanding of the market penetration of kyphoplasty, the market is analyzed based on its worldwide presence in the region such as North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific), and Rest of World. North America constitutes a major market for the kyphoplasty industry. Some of the major players operating in the market include Stryker Corporation, Medtronic, CareFusion, Alphatec Spine, Osseon LLC, DePuy Synthes (Johnson & Johnson Services), Globus Medical, Zimmer Biomet, etc. The global kyphoplasty market was valued at US$ 1.29 billion in 2019 and is projected to expand significantly with a CAGR of 12.66% from 2021-2027. The global kyphoplasty market is expected to witness a boost, owing to the escalating number of patients with spine-related problems coupled with the surging prevalence of orthopedic. Also, the adoption of advancements in technologies in the healthcare sector is contributing to the demand for kyphoplasty.

1. MARKET INTRODUCTION 12 1.1 Market Definition 12 1.2 The objective of the Study 12 1.3 Limitation 12 1.4 Stakeholders 13 1.5 Currency used in the Report 13 1.6 Scope of the Global Kyphoplasty Market Study 13 2. RESEARCH METHODOLOGY OR ASSUMPTION 14 2.1 Research Methodology for the Kyphoplasty Market Study 14 2.1.1 The main objective of the Kyphoplasty Market Study 15 3. INDUSTRY PERFORMANCE 16 4. EXECUTIVE SUMMARY 17 5. MARKET OVERVIEW 20 5.1 Introduction 20 5.2 Market Dynamics 21 5.2.1 Market Trend & Drivers 21 5.2.1.1 Surging Prevalence of Osteoporosis 21 5.2.1.2 Improving Healthcare Infrastructure 23 5.2.1.3 Increasing Preference for Minimally Invasive Surgeries 23 5.2.2 Market Challenges 24 5.2.2.1 High Cost of Treatment of Kyphoplasty Surgery 24 5.2.2.2 Lack of Skilled Healthcare Technology Professionals in Developing Nations 24 5.2.3 Market Opportunities 25 5.2.3.1 Surging Adoption of Technologies such as AI, ML, and IoT in Healthcare 25 5.2.3.2 The offering of Technologically Advanced Devices and End-User’s Preference for Them 25 6. LEGAL & REGULATORY FRAMEWORK 26 6.1 General Overview 26 7. DEMAND AND SUPPLY SIDE ANALYSIS 27 7.1 Demand Side Analysis 27 7.2 Supply Side Analysis 28 7.2.1 Top Product Launches 29 7.2.2 Top Mergers and Acquisitions 29 7.2.3 Top Start-ups under Kyphoplasty Sector 30 8. VALUE CHAIN ANALYSIS 31 8.1 Value Chain Analysis 31 9. MARKET INSIGHTS BY PRODUCT TYPE 32 9.1 General Overview 32 9.1.1 Balloon 33 9.1.2 Cement Mixing 35 9.1.3 Needle 35 9.1.4 X-Ray Device 36 9.1.5 Delivery Devices 37 10. MARKET INSIGHTS BY APPLICATION 39 10.1 General Overview 39 10.1.1 Spinal Fractures 40 10.1.2 Kyphosis 42 10.1.3 Vertebral Alignment 43 11. MARKET INSIGHTS BY END-USER 44 11.1 General Overview 44 11.1.1 Ambulatory Surgical Centres 45 11.1.2 Clinics 48 11.1.3 Hospital 49 12. MARKET INSIGHTS BY REGION 50 12.1 General Overview 50 12.2 North America Kyphoplasty Market 53 12.2.1 United States Kyphoplasty Market 55 12.2.2 Canada Kyphoplasty Market 58 12.2.3 Rest of North America Kyphoplasty Market 61 12.3 Europe Kyphoplasty Market 64 12.3.1 U.K. Kyphoplasty Market 66 12.3.2 France Kyphoplasty Market 69 12.3.3 Germany Kyphoplasty Market 72 12.3.4 Spain Kyphoplasty Market 74 12.3.5 Italy Kyphoplasty Market 76 12.3.6 Rest of Europe Kyphoplasty Market 78 12.4 Asia Pacific Kyphoplasty Market 81 12.4.1 Japan Kyphoplasty Market 83 12.4.2 China Kyphoplasty Market 86 12.4.3 India Kyphoplasty Market 89 12.4.4 Australia Kyphoplasty Market 91 12.4.5 South Korea Kyphoplasty Market 93 12.4.6 Rest of Asia Pacific Kyphoplasty Market 95 12.5 Rest of the World Kyphoplasty Market 98 13. COMPETITIVE SCENARIO 101 13.1 Porter’s Five forces analysis 101 13.1.1 Bargaining power of Supplier 102 13.1.2 Bargaining power of Buyer 102 13.1.3 Industry Rivalry 102 13.1.4 Availability of Substitute 102 13.1.5 Threat of new Entrants 103 13.2 Competitive Landscape 103 13.2.1 Market Share of Key Players in Kyphoplasty Market, 2019 104 14. TOP COMPANY PROFILES 105 14.1 Merit Medical Systems 105 14.1.1 Key Facts 105 14.1.2 Business Description 106 14.1.3 Key Product/Services Offerings 106 14.1.4 Growth Strategy 108 14.1.5 SWOT Analysis 109 14.1.6 Key Financials 110 14.1.6.1 Revenue Split 111 14.1.7 Recent Developments 111 14.1.7.1 Product Launch 111 14.1.7.2 Partnerships Mergers and Acquisitions 111 14.2 Stryker Corporation 112 14.3 Medtronic 118 14.4 CareFusion 124 14.5 Alphatec Spine 130 14.6 Osseon LLC 136 14.7 DePuy Synthes 142 14.8 Globus Medical 148 14.9 Zimmer biomet 154 14.10 Parallax Health Sciences 160

FIG. 1 Scope of the Global Kyphoplasty Market Study 13 FIG. 2 Research Methodology for the Kyphoplasty Market Study 14 FIG. 3 The Prevalence of Traumatic Spine Injury (Persons Affected Per Annum) in the WHO region 17 FIG. 4 People Percentage Satisfied or Better with the Type of Treatment for Back Pain 18 FIG. 5 Global Kyphoplasty Market, 2019-2027 (US$ Billion) 19 FIG. 6 Healthcare Spending by Government, By Countries, 2015 & 2019, US$ per Capita 20 FIG. 7 Global Procedure Volume Estimates by Surgery Type 21 FIG. 8 Leading Cause of Spinal Cord Injury in Percentage Since 2015 22 FIG. 9 World Population Ageing, 2019 -2050 22 FIG. 10 Cause of Paralysis (N=5,596,000) in the United States 27 FIG. 11 Value Perspective in Value Chain 31 FIG. 12 Global Kyphoplasty Market Share by Product Type, 2019 & 2027 (%) 32 FIG. 13 Global Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 33 FIG. 14 Global Balloon Kyphoplasty Market by Region, 2019-2027 (US$ Billion) 34 FIG. 15 Global Cement Mixing Kyphoplasty Market by Region, 2019-2027 (US$ Billion) 35 FIG. 16 Global Needle Kyphoplasty Market by Region, 2019-2027 (US$ Billion) 36 FIG. 17 Global X-Ray Device Kyphoplasty Market by Region, 2019-2027 (US$ Billion) 37 FIG. 18 Global Delivery Devices Kyphoplasty Market by Region, 2019-2027 (US$ Billion) 38 FIG. 19 Global Kyphoplasty Market Share by Application, 2019 & 2027 (%) 39 FIG. 20 Global Kyphoplasty Market Size by Application, 2019-2027 (US$ Billion) 40 FIG. 21 Prevalence of Spinal Column Fracture (Percentages) by Age Group 41 FIG. 22 Global Spinal Fractures Kyphoplasty Market by Region, 2019-2027 (US$ Billion) 41 FIG. 23 Global Kyphosis Kyphoplasty Market by Region, 2019-2027 (US$ Billion) 42 FIG. 24 Global Vertebral Alignment Kyphoplasty Market by Region, 2019-2027 (US$ Billion) 43 FIG. 25 WHO Region Healthcare Facility Registration Count as of 2017 44 FIG. 26 Global Kyphoplasty Market Share by End-User, 2019 & 2027 (%) 45 FIG. 27 Global Kyphoplasty Market Size by End-Users, 2019-2027 (US$ Billion) 45 FIG. 28 Specialties Performed in Multi-Specialty, Medicare-certified ASCs 46 FIG. 29 Global Hospitals Kyphoplasty Market by Region, 2019-2027 (US$ Billion) 47 FIG. 30 North America, Ambulatory Surgical Centre Count, By States 47 FIG. 31 Global Clinics Kyphoplasty Market by Region, 2019-2027 (US$ Billion) 48 FIG. 32 Global Hospital Kyphoplasty Market by Region, 2019-2027 (US$ Billion) 49 FIG. 33 Global Kyphoplasty Market Share by Region, 2019 & 2027 (%) 50 FIG. 34 Health Spending (Total % of GDP), 2015-2019 51 FIG. 35 Global Kyphoplasty Market Size by Region, 2019-2027 (US$ Billion) 52 FIG. 36 North America Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 53 FIG. 37 North America Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 54 FIG. 38 North America Kyphoplasty Market, By End-User, 2019-2027 (US$ Billion) 54 FIG. 39 North America Kyphoplasty Market Size by Country, 2019-2027 (US$ Billion) 55 FIG. 40 United States Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 56 FIG. 41 United States Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 57 FIG. 42 United States Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 57 FIG. 43 Canada Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 59 FIG. 44 Canada Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 60 FIG. 45 Canada Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 60 FIG. 46 Rest of North America Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 62 FIG. 47 Rest of North America Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 62 FIG. 48 Rest of North America Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 63 FIG. 49 Europe Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 64 FIG. 50 Europe Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 65 FIG. 51 Europe Kyphoplasty Market, By End-User, 2019-2027 (US$ Billion) 65 FIG. 52 Europe Kyphoplasty Market Size by Country, 2019-2027 (US$ Billion) 66 FIG. 53 U.K. Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 67 FIG. 54 U.K. Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 68 FIG. 55 U.K. Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 68 FIG. 56 France Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 70 FIG. 57 France Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 71 FIG. 58 France Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 71 FIG. 59 Germany Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 73 FIG. 60 Germany Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 73 FIG. 61 Germany Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 74 FIG. 62 Spain Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 75 FIG. 63 Spain Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 75 FIG. 64 Spain Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 76 FIG. 65 Italy Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 77 FIG. 66 Italy Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 77 FIG. 67 Italy Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 78 FIG. 68 Rest of Europe Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 79 FIG. 69 Rest of Europe Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 79 FIG. 70 Rest of Europe Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 80 FIG. 71 Asia Pacific Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 81 FIG. 72 Asia Pacific Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 82 FIG. 73 Asia Pacific Kyphoplasty Market, By End-User, 2019-2027 (US$ Billion) 82 FIG. 74 Asia Pacific Kyphoplasty Market Size by Country, 2019-2027 (US$ Billion) 83 FIG. 75 Japan Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 84 FIG. 76 Japan Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 85 FIG. 77 Japan Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 85 FIG. 78 China Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 87 FIG. 79 China Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 88 FIG. 80 China Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 88 FIG. 81 India Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 90 FIG. 82 India Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 90 FIG. 83 India Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 91 FIG. 84 Australia Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 92 FIG. 85 Australia Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 92 FIG. 86 Australia Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 93 FIG. 87 South Korea Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 94 FIG. 88 South Korea Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 94 FIG. 89 South Korea Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 95 FIG. 90 Rest of Asia Pacific Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 96 FIG. 91 Rest of Asia Pacific Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 96 FIG. 92 Rest of Asia Pacific Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 97 FIG. 93 Rest of the World Kyphoplasty Market Size by Product Type, 2019-2027 (US$ Billion) 98 FIG. 94 Rest of the World Kyphoplasty Market, By Application, 2019-2027 (US$ Billion) 98 FIG. 95 Rest of the World Kyphoplasty Market, By End-Users, 2019-2027 (US$ Billion) 99 FIG. 96 Porter’s Five forces analysis of Kyphoplasty Market 101 FIG. 97 Market Share of Key Players in Kyphoplasty Market, 2019 (%) 104 FIG. 98 Merit Medical Systems, Timeline 106 FIG. 99 Merit Medical Systems, Global Facilities 108 FIG. 100 Merit Medical Systems, SWOT Analysis 109 FIG. 101 Key Financials of Merit Medical Systems 110 FIG. 102 Merit Medical Systems Revenue Split, 2019 111 FIG. 103 Stryker Corporation, SWOT Analysis 114 FIG. 104 Key Financials of Stryker Corporation 115 FIG. 105 Stryker Corporation, Revenue Split, 2019 116 FIG. 106 Medtronic, SWOT Analysis 120 FIG. 107 Key Financials of Medtronic 121 FIG. 108 Medtronic, Revenue Split, 2019 122 FIG. 109 CareFusion, SWOT Analysis 126 FIG. 110 Key Financials of CareFusion 127 FIG. 111 CareFusion, Revenue Split, 2019 128 FIG. 112 Alphatec Spine, SWOT Analysis 132 FIG. 113 Key Financials of Alphatec Spine 133 FIG. 114 Alphatec Spine, Revenue Split, 2019 134 FIG. 115 Osseon LLC, SWOT Analysis 138 FIG. 116 Key Financials of Osseon LLC 139 FIG. 117 Osseon LLC, Revenue Split, 2019 140 FIG. 118 DePuy Synthes, SWOT Analysis 144 FIG. 119 Key Financials of DePuy Synthes 145 FIG. 120 DePuy Synthes, Revenue Split, 2019 146 FIG. 121 Globus Medical, SWOT Analysis 150 FIG. 122 Key Financials of Globus Medical 151 FIG. 123 Globus Medical, Revenue Split, 2019 152 FIG. 124 Zimmer biomet, SWOT Analysis 156 FIG. 125 Key Financials of Zimmer biomet 157 FIG. 126 Zimmer biomet, Revenue Split, 2019 158 FIG. 127 Parallax Health Sciences, SWOT Analysis 162 FIG. 128 Key Financials of Parallax Health Sciences 163 FIG. 129 Parallax Health Sciences, Revenue Split, 2019 164

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