UK Kyphoplasty Market Size & Outlook, 2022-2030
UK kyphoplasty market, 2018-2030 (US$M)
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UK kyphoplasty market highlights
- The UK kyphoplasty market generated a revenue of USD 27.6 million in 2022 and is expected to reach USD 43.1 million by 2030.
- The UK market is expected to grow at a CAGR of 5.7% 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 27.6 million |
| Market revenue in 2030 | USD 43.1 million |
| Growth rate | 5.7% (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, UK accounted for 4.4% 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 Europe, Germany kyphoplasty market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 67.8 million by 2030.
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Kyphoplasty Market Scope
Kyphoplasty Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 42.03% in 2022. Horizon Databook has segmented the UK 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 growing demand for kyphoplasty products in the UK can be attributed to rising prevalence of spinal cord injuries along with growing aging population, who are more prone to osteoarthritis that results in spinal problems & vertebral fractures, generating the demand for kyphoplasty.
According to the UK government, the number of people within the age group of 60 years to 64 years increased from 3,673 thousand in 2018 to 3,974 thousand in 2021. Similarly, population within the age group of 70 years to 74 years increased from 3,252 thousand in 2018 to 3,390 thousand in 2021.
Increasing geriatric population is likely to fuel market growth, as aging population is at a greater risk of chronic illnesses, which further increases adoption rate of devices used in kyphoplasty. According to a report published in the NCBI, individuals aged over 50 years are more likely to suffer from chronic diseases.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK kyphoplasty market , including forecasts for subscribers. This country databook contains high-level insights into UK kyphoplasty market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK kyphoplasty market size, by product, 2018-2030 (US$M)
UK Kyphoplasty Market Outlook Share, 2022 & 2030 (US$M)
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