Vertebral Compression Fracture Devices Market Statistics 2030
The global vertebral compression fracture devices market size was valued at $866.70 million in 2020, and is projected to reach $1,909.40 million by 2030, registering a CAGR of 8.10% from 2021 to 2030. The growth of the market is attributed to the factors like increase in geriatric population, rise in incidence of osteoporosis & arthritis, and growth in patient awareness about advancements in spinal surgeries, such as artificial disc replacement. However, some of the factors like risks associated with post-surgical complications including hemorrhage and vertebral posterior element fracture, and stringent regulatory approval procedures are expected to hamper the vertebral compression fracture devices market growth.
Vertebral compression fracture is a type of spinal disorder caused by the fracture in the spinal cord due to osteoporosis, arthritis, and trauma. Osteoporosis is the most common cause of compression fractures of the vertebrae. Osteoporosis is a type of bone loss that causes bones to break easily. Other causes include injuries to the spine (such as from car accidents and sports injuries) and tumors in the spine. The tumor may start in the vertebrae. But more commonly it spreads there from another part of the body to the bone. Some of the common symptoms of it include slowly worsening back pain that lying on your back may relieve the pain and standing may make it worse, decrease in your height, limited movement in your spine (unable to bend or twist), a stooped-over posture, called kyphosis.
The front side of the vertebra loses height, but the rear side doesn't. As a result, these fractures can cause your posture to stoop forward over time. Numbness or tingling, weak muscles, problems walking, and possible trouble controlling your bowels or bladder because of nerve damage. The surgical approach for the treatment of VCF includes vertebroplasty and balloon kyphoplasty. Vertebroplasty procedures involve devices for injecting cement in the fractured vertebral body to achieve immediate pain relief and stability. Kyphoplasty involves the devices used for creating cavity within the fractured vertebral body and also to inject the medical-grade bone cement into that cavity.
The vertebral compression fracture devices market is segmented on the basis on product type, surgery, and region. By product type, the market is segmented into balloon kyphoplasty devices and vertebroplasty devices. By surgery, the market is bifurcated into open spine surgery and minimally invasive spine surgery. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Impact of COVID-19 Pandemic on the Vertebral Compression Fracture Devices Market
The COVID-19 pandemic is an unprecedented global public health challenge and is anticipated to have a negative impact on the vertebral compression fracture devices market. The COVID-19 pandemic and subsequent economic slowdown has materially impacted the demand for vertebral compression fracture devices, which are used in procedures that are considered elective for the treatment.
Product Type Segment Review
On the basis of products type, the vertebral compression fracture market is categorized into balloon kyphoplasty devices and vertebroplasty devices. The balloon kyphoplasty devices segment is expected to gain highest revenue during the forecast period. This is attributed to the surge in incidences of osteoporosis & arthritis. In addition, the boost in number of geriatric population would propel the market growth in the next few years. However, vertebroplasty segment is expected to generate significant revenue shares in the vertebral compression fracture market in the forecast years.
By Product Type
Balloon Kyphoplasty segment is projected as one of the most lucrative segment.
Surgery Segment Review
On the basis of surgery, the vertebral compression fracture market is classified into open spine surgery and minimally invasive spine surgery. The minimally invasive spine surgery segment is anticipated to gain the highest revenue during the forecast period, owing to the increase in incidences of spinal disorders which needs early diagnosis. In addition, the growing awareness among the population about the procedures would help the segment generate higher revenue shares in the coming years.
By Surgery
Minimally invasive spine surgery segment held a dominant position in 2020 and will continue to maintain the lead over the forecast period.
Region Segment Review
North America is constituted to have highest market share of the vertebral compression fracture market in 2020, followed by the other sectors. The larger share of the North America region can be attributed to the factors such as ease of availability of the devices and services across developing countries, rise in health awareness among the people. Overall, it is projected that the need for the vertebral compression fracture in developing and developed regions of North America would rise sharply in the coming years.
By Region
North America would exhibit the highest CAGR of 8.10% during 2020-2030.
Key Benefits for Stakeholders
- This report provides a detailed quantitative analysis of the current the vertebral compression fracture devices market trends and forecast estimations from 2020 to 2030, which assists to identify the prevailing market opportunities.
- An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
- A comprehensive analysis of factors that drive and restrain the growth of the global the vertebral compression fracture devices market is provided.
- The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030, in terms of value.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the vertebral compression fracture devices market.
Vertebral Compression Fracture Devices Market Report Highlights
| Aspects | Details |
 By PRODUCT |
|
 By SURGERY |
|
 By Region |
|
 Key Market Players | ZIMMER BIOMET HOLDINGS, INC.,, SPINE WAVE INC., STRYKER CORPORATION, MEDTRONIC PLC, ALPHATEC HOLDINGS INC., MERIT MEDICAL SYSTEMS, INC., BENVENUE MEDICAL INC., GLOBUS MEDICAL, INC., SPIRIT SPINE HOLDINGS CORPORATION INC., JOHNSON & JOHNSON (DEPUY SYNTHES) |
Analyst Review
The vertebral compression fracture is the type of fracture that occurs when the block-like part of an individual bone of the spine (vertebra) become compressed due to some substantial trauma. It can occur due to the conditions like osteoporosis, trauma, cancer, and Paget's disease of bone and infection of bone (osteomyelitis). The vertebrae are broken in any part of the spine but most commonly, it occurs in the middle or lower back part of the spine. The surgical choice for the treatment of vertebral compression fracture includes vertebroplasty and balloon kyphoplasty. Vertebroplasty procedures involve devices for injecting cement in the fractured vertebral body to achieve immediate pain relief and stability. Kyphoplasty involves the devices used for creating the cavity within the fractured vertebral body and also to inject the medical-grade bone cement into that cavity. The vertebral compression fracture devices market is expected to increase its growth in the forecast period owing to the factors like increase in geriatric population, rise in incidence of osteoporosis & arthritis, and surge in patient awareness about advancements in spinal surgeries, such as artificial disc replacement. However, some factors such as risks associated with post-surgical complications including hemorrhage and vertebral posterior element fracture, and stringent regulatory approval procedures are expected to hamper the market growth.
The use of vertebral compression fracture devices is highest in North America, owing to the factors such as rise in health awareness among population, and ease of availability of technologically advanced products. Although the use of vertebral compression fracture devices in Europe and LAMEA is low, the adoption rate is expected to increase owing to increase in target population and the launch of new and advanced products.
The total market value of Vertebral Compression Fracture Devices market is $1,909.40 million in 2030.
The forcast period for Vertebral Compression Fracture Devices market is 2020 to 2030
The market value of Vertebral Compression Fracture Devices market in 2020 is $866.70 million.
The base year is 2020 in Vertebral Compression Fracture Devices market
Which is the most influencing segment growing in the Vertebral Compression Fracture Devices market report?
Balloon Kyphoplasty segment is the most influencing segment owing to rise in prevalence of spinal disorders, surge in awareness towards effective & advanced devices, rise in number of geriatric population may lead to increase in hospital admissions, and the launch of effective products, which are tested under clinical trials by the companies, ensure better therapeutic outcomes.
New product launch and companies acquisions owing to rise in demand for minimally invasive procedures, surge in awareness towards effective & advanced devices, rise in number of cases of spine diseases may lead to increase in hospital admissions, and the launch of effective products, which are tested under clinical trials by the companies, ensure better therapeutic outcomes.
North America has the highest growth rate in the market which is growing due to increase in healthcare expenditure and surge in patient population in the region contribute toward the growth of the market.
Yes, the Vertebral Compression Fracture Devices Market company is profiled in the report.
Yes, the Vertebral Compression Fracture Devices Market report provides PORTER Analysis
Loading Table Of Content...
