Balloon Kyphoplasty Market Size, Share, Growth, Trends, and Global Industry Analysis: By Application (Chronic Pain, Spinal Deformity), By End User (Hospitals, Clinics, Others), By Component Type (Balloons & Inflation Devices, Bone Access Tools, Bone Cement & Delivery Systems, And Accessories), and Region

Balloon Kyphoplasty Market was valued at US$ 633.3 million in 2023 and is poised to grow at a 5.7% CAGR from 2024 to 2030. Balloon kyphoplasty is a surgical procedure used in the treatment of vertebral compression fractures caused due to osteoporosis or cancer by using an inflatable balloon to create a space in the vertebral body followed by the injection of bone cement. The increasing prevalence of osteoporosis are anticipated to increase the demand for balloon kyphoplasty and are expected to drive the balloon kyphoplasty market growth. For instance, according to the International Osteoporosis Foundation 2020, osteoporosis is the main cause of Vertebral Compression Fracture, which causes more than 8.9 million fractures each year and Around 700,000 vertebral body fractures are diagnosed annually in the US and about 115,000 has been admitted to hospitals for treatment. In addition, growing geriatric population across the globe leading to an increase in the incidence of osteoporosis cases and other spinal disorders are expected to boost the growth of balloon kyphoplasty market over the forecast period.

Furthermore, increasing awareness among physicians and patients about minimal invasive kyphoplasty procedures along with the advancement in technologies in balloon kyphoplasty procedures is expected to further propel the growth of kyphoplasty market over the forecast period. However, high cost of balloon kyphoplasty procedures, and complications related to surgeries such as bone cement leakage, pulmonary embolism, and nerve root injury are expected to hinder the growth of balloon kyphoplasty market over the forecast years. Moreover, growing popularity of outpatient surgeries and minimally invasive procedures, growing research, and development activities to expand the indications of balloon kyphoplasty procedures to treat other spinal disorders are expected to provide opportunities for the market players in the growth of balloon kyphoplasty market in the forecast years. 

Balloon Kyphoplasty Market Recent Key Developments:

• In May 2020, Medtronic Plc launched its kyphon assist directional cannula for balloon kyphoplasty procedures to treat vertebral compression fractures caused due to osteoporosis.