The global demand for Vertebral Compression Fracture Devices Market is presumed to reach the market size of nearly USD 3.73 MN by 2028 from USD 2.03 MN in 2021 with a CAGR of 9.1% under the study period 2022 - 2028.
A vertebral compression fracture is a type of spinal condition caused by a fracture in the spinal cord, which can occur due to osteoporosis, arthritis, or trauma. Vertebroplasty and balloon kyphoplasty are two surgical options for treating VCF. Vertebroplasty techniques use devices to inject cement into the damaged vertebral body, providing pain relief and stability right away. Kyphoplasty is a procedure that includes inserting devices into the broken vertebral body to create a cavity and then injecting medical-grade bone cement into that cavity.
Market Dynamics
The rising geriatric population, the increase in the incidence of osteoporosis and arthritis, and the rise in patient awareness regarding breakthroughs in spinal operations, like artificial disc replacement, are supplementing the market's expansion. Other reasons contributing to the market's growth include increased back pain among both adults and the elderly, a brief recovery period, a short hospital stay, and cost-effective treatment pricing. However, several concerns such as post-surgical complications such as bleeding and vertebral posterior element fracture and strict regulatory approval procedures are projected to limit market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of vertebral compression fracture devices. The growth and trends of vertebral compression fracture devices industry provide a holistic approach to this study.
Market Segmentation
This section of the vertebral compression fracture devices market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Balloon Kyphoplasty Devices
- Vertebroplasty Devices
By Surgery
- Open Spine Surgery
- Minimally Invasive Spine Surgery
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Vertebral Compression Fracture Devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Vertebral Compression Fracture Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the vertebral compression fracture devices market include Orthofix Interventional N.V., Amedica Corporation, CareFusion Corporation, DePuy Synthes, Alphatec Spine, Inc., Medtronic Inc., Cook Medical Inc., Orthovita, Inc., Pioneer Surgical Technology and Biomet, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.