Kyphoplasty and Percutaneous Discectomy (KPD) Market
The vertebrae which cannot be secured surgically, percutaneous discectomy is an alternative for them like in case of people having osteoporosis, sometimes in normal cases where anesthesia cannot be suggested for very critical patients. The method of kyphoplasty involves injecting specific cement into vertebrae with an extra step undertaken to utilize the method with a device which resembles a balloon, called balloon vertebroplasty. Pain is relieved through kyphoplasty and it aids in increasing the damaged vertebra’s height.
Globally, the market of KPD procedure is projected to be priced at US$ 2,079.4 Mn in the year 2022 and is anticipated to show a CAGR of 5.7% in the predicted period from 2022 to 2030.
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Global Market for KPD Procedure: Drivers
Rising incidence of VCF (Vertebral Compression Fractures), osteoporosis and other disorders of the spine is anticipated to push the growth of the market in the predicted period. For example, as per AANS (American Association of Neurological Surgeon), the most commonly seen fracture is VCF s in patients suffering from osteoporosis which impacts around 750,000 persons every year in the United States. Vertebral Compression Fractures (VCFs) impacts a predicted 25% of all the women going through postmenopausal state, in the United States.
The rising need for marginally aggressive surgical methods in orthopedics too, thus developments in the reimbursement plans is anticipated to again push the growth of the market. For example, the SpineJack implantable fracture reduction system of Stryker which is a MNC specializing in medical technologies, obtained the U.S. CMS (Centers for Medicare & Medicaid Services) New Technology Add-on Payment (NTAP) as a part of 2021 inpatient potential system of payment in September 2020. The SpineJack System is an embedded fracture reduction system, designed to lessen VCF. After the implant of SpineJack is inserted, and it expands then Verteplex HV bone cement is injected at a pressure which is low, in order to stabilize the restored body of the vertebral.
Global Market for KPD Procedure– Impact of Coronavirus (COVID-19) Pandemic
Owing to the COVID-19 shutdown and closures were led down by various economies across the world which adversely affected the private healthcare sector’s economy worldwide. The lockdown led to the shut downs of many industries, excluding the essential commodities manufacturing and interruption in the distribution and supply of products. Therefore, the pandemic of COVID-19 impacted the countries in mainly three ways- by impacting the demand and production directly, by interrupting the supply and distribution network and by affecting the financial condition of the financial markets and firms. The outbreak of COVID-19 is expected to have an adverse effect on the market of KPD worldwide. Various hospitals and clinics worldwide started reorganizing in increasing the hospital capability for COVID-19 patients and their diagnosis. The high upswing of COVID-19 cases led to a potential buildup in non-essential methods. For example, as issued in a report in Asian Spine Journal, in May 2020, spine surgeries methods reduced by about 50% in the France first month’s COVID wave in comparison to the same time in the year 2019.
Global Market for KPD Procedure: Key Developments
Spinal Elements is a company engaged in Spine technology announced in September 2021 the whole commercial introduction of the Luna XD multiexpandable lumbar interbody fusion device and Orbit articulating discectomy systems. Spine Elements is the combined form of Luna Xd and Orbit. Spine Element has the latest technology in its Minimaly Invasive Spine (MIS) Ultra platform of products and procedural solutions.
Merit Medical Systems is a manufacturer and marketer of proprietary disposable therapeutic devices in January pronounced the official launch of Arcadia Steerable and Straight Balloons for vertebral expansion in the market. Arcadia balloons are intended to aid the physicians attain measured, accurate cavity creation at the time of unipedicular or bipedicular vertebral expansion/augmentation and kyphoplasty processes.
Global Market for KPD Procedure: Restraint
The cost of minimally invasive procedures being high is anticipated to hinder the growth of the market. Spinal surgeries price is expensive, which hinders the growth of the market. For example, as per New Choice Health, Inc, is a free consumer-emphasized healthcare market, the nationwide vertebral augmented surgery like vertebroplasty and kyphoplasty average cost is US$ 36,880 in the United States. As per the same source, kyphoplasty’s average price is US$ 11,300 to US$ 31,000 in the United States.
Global Market for KPD Procedure Key Players
The main companies participating in the market of KPD procedure are Stryker, Medtronic Inc., BPB Medica – Biopsybell, Smith & Nephew, MicroPort Scientific Corporation, Johnson & Johnson, Halma plc, Becton, Dickinson and Company, Merit Medical Systems, Joimax GmbH, G21 S.r.l., Joline GmbH & Co. KG, and Seawon MediTech
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Kyphoplasty And Percutaneous Discectomy Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Kyphoplasty And Percutaneous Discectomy Industry Impact
Chapter 2 Global Kyphoplasty And Percutaneous Discectomy Competition by Types, Applications, and Top Regions and Countries
2.1 Global Kyphoplasty And Percutaneous Discectomy (Volume and Value) by Type
2.3 Global Kyphoplasty And Percutaneous Discectomy (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Kyphoplasty And Percutaneous Discectomy Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Kyphoplasty And Percutaneous Discectomy Market Analysis
Chapter 6 East Asia Kyphoplasty And Percutaneous Discectomy Market Analysis
Chapter 7 Europe Kyphoplasty And Percutaneous Discectomy Market Analysis
Chapter 8 South Asia Kyphoplasty And Percutaneous Discectomy Market Analysis
Chapter 9 Southeast Asia Kyphoplasty And Percutaneous Discectomy Market Analysis
Chapter 10 Middle East Kyphoplasty And Percutaneous Discectomy Market Analysis
Chapter 11 Africa Kyphoplasty And Percutaneous Discectomy Market Analysis
Chapter 12 Oceania Kyphoplasty And Percutaneous Discectomy Market Analysis
Chapter 13 South America Kyphoplasty And Percutaneous Discectomy Market Analysis
Chapter 14 Company Profiles and Key Figures in Kyphoplasty And Percutaneous Discectomy Business
Chapter 15 Global Kyphoplasty And Percutaneous Discectomy Market Forecast (2023-2030)
Chapter 16 Conclusions
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