Vertebral Compression Fracture Devices Market Revenue Growth, Key Players, Qualitative & Quantitative Analysis 2030

Rise in the geriatric population, shift toward minimally invasive spine procedures, and surge in prevalence of spine disorders have boosted the growth of the global vertebral compression fracture devices market. However, unfavorable reimbursement scenarios hinder the market growth. On the contrary, untapped potential in the emerging market is expected to open new opportunities for the market players in the future.

The global Vertebral Compression Fracture Devices Market was accounted for $866.7 million in 2020, and is estimated to reach $1.90 billion by 2030, growing at a CAGR of 8.1% from 2021 to 2030.

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The vertebral compression fractures devices market is driven by factors such as advent of minimally invasive spine surgery techniques and rise in incidence of osteoporosis and arthritis. In addition, rise in geriatric population, short recovery period, low risk of infection, and shorter hospital stay are anticipated to boost the demand for VCF devices, globally. However, risk of post-surgical complications and stringent regulatory approval process hamper the market growth.

Covid-19 scenario:

The Covid-19 pandemic presented unprecedented challenges in the healthcare industry and had a negative impact on the demand for vertebral compression fracture devices.

The economic slowdown and prolonged pandemic has impacted the demand for vertebral compression fracture devices that are used in surgical procedures that are considered elective.

The report divides the global vertebral compression fracture devices market on the basis of product type, diseases, and region.

Factors that drive the growth of the global vertebral compression fracture devices market include rising awareness of vertebral compression fracture devices, along with an increase in physician training. Moreover, increase in the incidences of spinal disorders, lifestyles of the working population are also increase the growth of the market. However, the risk associated with post-surgical complications, that include hemorrhage and vertebral posterior element fracture, and stringent regulatory approval procedures are expected to hamper the growth of the vertebral compression fracture devices market.

The vertebroplasty procedure involves 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 key players operating in the global vertebral compression fracture devices market include Alphatec Holdings, Inc. Benvenue Medical, Globus Medical, Inc., Johnson & Johnson (Depuy Synthes), Medtronic plc, Orthovita, Inc., Osseon LLC, Stryker Corporation, VEXIM SA, Zimmer Biomet Holdings, Inc.

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