India Kyphoplasty Market Size & Outlook, 2022-2030
India kyphoplasty market, 2018-2030 (US$M)
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India kyphoplasty market highlights
- The India kyphoplasty market generated a revenue of USD 9.1 million in 2022 and is expected to reach USD 16.1 million by 2030.
- The India market is expected to grow at a CAGR of 7.3% 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 9.1 million |
| Market revenue in 2030 | USD 16.1 million |
| Growth rate | 7.3% (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, India accounted for 1.4% 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 |
|---|
India 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 41.76% in 2022. Horizon Databook has segmented the India 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.
The Indian kyphoplasty market is expected to hold a significant share over the forecast period. The companies are focusing on widening product portfolios and adoption of recent technologies, which are key drivers of market growth.
The kyphoplasty market is anticipated to grow due to rising geriatric population across the world. India’s elderly population (aged 60 and above) is projected to touch 194 million in 2031 from 138 million in 2021, a 41% increase over a decade, according to the National Statistical Office Elderly in India 2021 report.
The expansion of kyphoplasty market is expected to be aided by the increase in mean age over the next few years. Key players such as Globus Medical and Merit Medical Systems contribute to the Indian kyphoplasty market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the India kyphoplasty market , including forecasts for subscribers. This country databook contains high-level insights into India kyphoplasty market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India kyphoplasty market size, by product, 2018-2030 (US$M)
India Kyphoplasty Market Outlook Share, 2022 & 2030 (US$M)
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