Vertebral Compression Fracture Devices Market Strong Growth at a CAGR of 8.1% and Revenue to Hit USD 1.90 Bn by 2030 | VEXIM SA, Stryker Corporation, and Zimmer Biomet Holdings, Inc.

As per the report published by Allied Market Research, 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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Competitive Landscape

Alphatec Holdings
Globus Medical
Benvenue Medical
Medtronic plc
Johnson & Johnson
Osseon LLC, Orthovita
VEXIM SA
Stryker Corporation
Zimmer Biomet Holdings Inc.

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.

Research Methodology

The research operandi of the global class D audio amplifier market includes significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and press releases have also been properly examined to bring forth high-value industry insights.

Key Market Segments:

Type of Device:

Vertebroplasty: This involves injecting bone cement into the fractured vertebral body to stabilize it and provide pain relief.

Kyphoplasty: Similar to vertebroplasty, but it also includes the insertion of a balloon into the vertebral body to create a cavity before injecting bone cement. This helps in restoring vertebral height and shape.

Radiofrequency Ablation (RF Ablation): This involves using heat generated by radiofrequency energy to treat damaged vertebral tissue and alleviate pain.

Orthopedic Braces and Supportive Devices: These devices provide external support to the spine, helping to stabilize fractured vertebrae during the healing process.

End-Users:

Hospitals: Vertebral compression fracture procedures are often performed in hospitals due to the need for specialized equipment and medical expertise.

Ambulatory Surgical Centers: These centers offer outpatient surgical procedures, including some vertebral compression fracture treatments.

Clinics and Rehabilitation Centers: These facilities might provide conservative treatments, such as bracing and physical therapy, for patients with vertebral compression fractures.

Geography:

North America: This region has a significant market share due to the aging population and a higher prevalence of osteoporosis and related fractures.

Europe: European countries also have a substantial market due to the prevalence of osteoporosis and an increasing focus on minimally invasive treatments.

Asia-Pacific: The market is growing in this region due to rising healthcare awareness, improving healthcare infrastructure, and a growing elderly population.

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Key Findings Of The Study

By product type, the balloon kyphoplasty devices segment was the highest contributor to the market, with $743.8 million in 2020, and is estimated to reach $1,694.90 million by 2030, at a CAGR of 8.50%.
By surgery, the minimally invasive spine surgery segment was the highest contributor to the market, with $777.90 million in 2020, and is estimated to reach $1,791.40 million by 2030, at a CAGR of 8.60%.
North America is expected to be the fastest growing region, registering a CAGR of 7.50% during the forecast period.

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