China Kyphoplasty Market Size & Outlook, 2022-2030
China kyphoplasty market, 2018-2030 (US$M)
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China kyphoplasty market highlights
- The China kyphoplasty market generated a revenue of USD 17.0 million in 2022 and is expected to reach USD 27.9 million by 2030.
- The China market is expected to grow at a CAGR of 6.4% from 2023 to 2030.
- In terms of segment, bone access devices was the largest revenue generating product in 2022.
- Balloon Catheters is the most lucrative product segment registering the fastest growth during the forecast period.
Kyphoplasty market data book summary
| Market revenue in 2022 | USD 17.0 million |
| Market revenue in 2030 | USD 27.9 million |
| Growth rate | 6.4% (CAGR from 2022 to 2030) |
| Largest segment | Bone access devices |
| Fastest growing segment | Balloon Catheters |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Balloon Catheters, Bone Access Devices, Cement Application Products, Instruments |
| Key market players worldwide | Stryker Corp, Medtronic PLC, Smith & Nephew PLC, MicroPort Scientific Corp, Johnson & Johnson, Halma PLC, CareFusion, Merit Medical Systems Inc, iMedicom, Seawon Meditech, Joline, G21, Joimax |
Other key industry trends
- In terms of revenue, China accounted for 2.7% of the global kyphoplasty market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan kyphoplasty market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 16.1 million by 2030.
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Kyphoplasty Market Scope
Kyphoplasty Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China kyphoplasty market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to kyphoplasty market will help companies and investors design strategic landscapes.
Bone access devices was the largest segment with a revenue share of 42.35% in 2022. Horizon Databook has segmented the China kyphoplasty market based on balloon catheters, bone access devices, cement application products, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Rising prevalence of the chronic diseases such as neurological diseases are major diver contributing market growth. According to NCBI, in 2019, out of osteoarticular tuberculosis, around 50% of disease prevalence was pertaining to the spine, majorly lumbar and thoracic.
Sacroiliac joints infected with tuberculosis or kyphoplasty are rare, comprising around 5% to 10% of cases with skeletal tuberculosis. Increasing road accidents in China contribute to kyphoplasty market growth.
China recorded 62,763 fatalities in traffic accidents across the country in 2019. Since 2016, the number of deaths due to traffic accidents in China accounted for nearly 63,000 each year. Stryker offers kyphoplasty products and services in Asia Pacific region, which contributes to the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the China kyphoplasty market , including forecasts for subscribers. This country databook contains high-level insights into China kyphoplasty market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China kyphoplasty market size, by product, 2018-2030 (US$M)
China Kyphoplasty Market Outlook Share, 2022 & 2030 (US$M)
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