Surge in incidence of osteoporosis and arthritis, rise in frequency of spine problems, and increase in patient knowledge regarding innovations in spine procedures drive the growth of the global kyphoplasty market.
PORTLAND, Ore., July 6, 2022 /PRNewswire/ — Allied Market Research published a report, titled, “Kyphoplasty Market by Product (Kyphoplasty Systems, Accessories), by Indication (Osteoporosis, Others), by End User (Hospitals and Clinics, Ambulatory Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report published by Allied Market Research, the global kyphoplasty market was estimated at $632.45 million in 2021 and is expected to hit $1.2 billion by 2031, registering a CAGR of 6.2% from 2022 to 2031.
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Prime determinants of growth-
Surge in incidence of osteoporosis and arthritis, rise in frequency of spine problems, and increase in patient knowledge regarding innovations in spine procedures drive the growth of the global kyphoplasty market. On the other hand, several risks associated with post-surgical complications are projected to impede the growth to some extent. However, growing inclination of the market toward minimally invasive spine operations is expected to create lucrative opportunities in the industry.
- A huge number of clinics and hospitals across the globe were restructured to increase hospital capacity for patients diagnosed with Covid-19. Non-essential procedures took a potential backlog, owing to rapidly rising COVID-19 cases. The lockdown led to disruption of manufacturing and transportation of healthcare essentials. These factors impacted the global kyphoplasty market negatively, especially during the initial period.
- Moreover, limited availability of medical care, shortage of healthcare staff, and rise in burden of COVID-19 related hospitalization aggravated the market condition even more.
The accessories segment to retain the lion’s share-
On the basis of type, the accessories segment held the …