Growing demand for percutaneous
balloon Singapore kyphoplasty for treating vertical compression fractures will boost the popularity
of kyphoplasty surgeries. Surging preference for less painful minimally
invasive surgeries such as kyphoplasty surgery has enhanced its application in
the healthcare sector. An increase in the aging population prone to osteoporosis,
arthritis, and spinal disorders has enhanced the penetration of Singapore kyphoplasty market in the medical industry. Strong
growth witnessed in healthcare technology and the focus of the government on the
development of effective and less painful surgical procedures in healthcare will
boost the Singapore market expansion.
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Minimally
Invasive Surgery Trends to Augment Patient Care Activities
Market players are executing acquisitions
as a strategy to extend their product offerings. By acquiring other firms,
players gain a competitive edge over their business rivals through product
differentiation and diversification and apt allocation, proper distribution, and
channelization of resources. Carlisle Companies Incorporated, a U.S.-based
diversified firm, acquired Providian LLC, a Singapore medical equipment manufacturer.
The move will help Carlisle expand its medical technology platform and boost
its vertical integration strategy. Apart from this, the initiative will spearhead
minimally invasive surgery trends in the healthcare sector, thereby improving
patient care activities.
New Medical Device to Singapore Aid Kyphoplasty Surgery
Industry players have successfully executed
key business strategies and this has resulted in a noteworthy growth of the Singapore kyphoplasty
market. Launching new products is one of such successful strategies that has lucratively
influenced the growth of the Singapore market. Medtronic plc, a U.S.-based medical device
company, launched Kyphon Assist Directional Cannula. Reportedly, the new medical
device will be utilized with Medtronic’s balloon kyphoplasty products for
treating vertebral compression fractures incurred due to benign lesions and
osteoporosis. The strategic move is aimed at empowering doctors in delivering the
best clinical services to patients. Earlier, Medtronic launched the Kyphon
Express II Balloon Kyphophasty tool for treating spinal fractures during spine surgery
and restoring the height of the damaged vertebra.
Focus on Patient
Care To Boost Healthcare Solutions
Firms in the Singapore kyphoplasty market are
entering strategic collaborations for expanding their product portfolio along
with improve the efficiency of patient care activities. GE Healthcare and Medtronic
plc entered a collaboration to focus on patient care activities at ambulatory
surgical centers and office-based labs. The strategic move is aimed at delivering
high-quality and cost- effective personal healthcare services and financial
solutions to the customers. Moreover, the initiative will help Medtronic provide
Singapore kyphoplasty services to patients at reasonable costs.
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