Global Balloon Kyphoplasty Devices Market: Overview

Pathological fractures of the vertebral body are generally caused due to osteoporosis, cancer, benign lesions, etc. Balloon kyphoplasty is a minimally invasive procedure designed to treat vertebral compression fractures by stabilizing fractured areas. The primary objective of balloon kyphoplasty is to reduce pain, recover the strength of the vertebra, and treat the fracture. The balloon kyphoplasty procedure includes insertion of two balloons or inflatable bone tamps (IBT) into the vertebrae, followed by inflation of the balloons. The inflation of the balloon reduces the fracture area and pushes the end-plates, thereby correcting the angular deformity in the vertebrae area and restoring strength of the vertebrae. After removal of the balloons, the bone cements are provided within the newly formed cavities made by the inflated balloons. The procedure usually takes an hour per fracture and is mostly performed in hospital outpatient settings. Balloon kyphoplasty offers several benefits such as height restoration, relief from back pain, and improvement in mobility.

Global Balloon Kyphoplasty Devices Market: Key Trends

The global balloon kyphoplasty devices market is primarily driven by rise in cases of osteoporosis and cancer across the world. Additionally, increase in diagnosis and treatment rates of vertebral fractures is projected to drive the global market in the near future. However, less awareness about balloon kyphoplasty and stringent regulatory guidelines are anticipated to hamper the growth of the global balloon kyphoplasty devices market during the forecast period. On the other hand, increase in R&D investment by major players, strategic alliances among companies, and technological advancements are expected to fuel the growth of the global market from 2019 to 2027.

Global Balloon Kyphoplasty Devices Market: Segmentation

The global balloon kyphoplasty devices market can be segmented based on component and end-user. In terms of component, the global market can be categorized into bone access tools, balloons & inflation devices, bone cement & delivery systems, and accessories. Based on end-user, the global balloon kyphoplasty devices market can be classified into hospitals & ambulatory surgery centers, independent clinics, and others.

Global Balloon Kyphoplasty Devices Market: Regional Analysis

In terms of region, the global balloon kyphoplasty devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to a study published in the Osteoporosis International, 2017, around 5.4% adults in the U.S. (aged over 40 years) suffered from spine fractures in 2013–2014. However, prevalence of spine fracture increases with age. The same study highlighted that over 11% of the septuagenarians and 18% of octogenarians suffered from spine fractures in 2013–2014 in the U.S. North America is projected to capture major share of the global balloon kyphoplasty devices market during the forecast period, owing to significant number of spine fracture cases in the U.S., high diagnosis & treatment rates of spine fractures, and well-established health care infrastructure. Europe held the second largest market share in 2018. High awareness about balloon kyphoplasty and presence of small companies are anticipated to fuel the growth of the market in Europe in the near future. Technological advancements and increase in the geriatric population in countries such as India and China are the factors expected to boost the growth of the balloon kyphoplasty devices market in Asia Pacific during the forecast period. However, low diagnosis rate of vertebral fractures and less awareness about balloon kyphoplasty are likely to hamper the growth of the market in Latin America and Middle East & Africa from 2019 to 2027.

Global Balloon Kyphoplasty Devices Market: Competitive Landscape

Key players in the global balloon kyphoplasty devices market are Medtronic, joimax GmbH, Joline GmbH & Co. KG, PanMed US (a Zavation Company), DePuy Synthes (a Johnson and Johnson company), Carefusion (a BD Company), Seawon Medi-Tech Co. Ltd., and Stryker, among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

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10. What will be the barrier to entry for new players in the market?

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