Vertebral Compression Fracture Devices Market Size 2023: Anticipated Growth to Reach USD 1.90 Billion by 2030

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. The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.

Key Takeaways:

Market Growth: The Vertebral Compression Fracture Devices market has been experiencing significant growth in recent years. This growth is primarily attributed to the increasing prevalence of osteoporosis and the aging population worldwide, leading to a rise in vertebral compression fractures.

Technological Advancements: There have been notable technological advancements in vertebral compression fracture devices. Minimally invasive procedures and the development of new materials and designs have improved the effectiveness and safety of these devices.

Balloon Kyphoplasty Dominates: Balloon kyphoplasty is currently the most widely used procedure for vertebral compression fracture treatment. It involves the use of an inflatable balloon to restore the height and shape of the fractured vertebra, followed by the injection of bone cement to stabilize the fracture.

Growing Awareness: Increasing awareness among patients and healthcare professionals about the availability of minimally invasive treatments for vertebral compression fractures has contributed to the market's growth. These procedures offer benefits such as reduced pain, shorter hospital stays, and quicker recovery compared to traditional open surgeries.

Rising Demand in Emerging Markets: The demand for vertebral compression fracture devices is growing rapidly in emerging markets, including Asia-Pacific and Latin America. Factors such as improving healthcare infrastructure, rising disposable incomes, and a large geriatric population are driving the market's expansion in these regions.

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Market Drivers:

Increasing Prevalence of Osteoporosis: Osteoporosis, a condition characterized by reduced bone density and increased fracture risk, is a major driver of the vertebral compression fracture devices market. As the global population ages, the prevalence of osteoporosis is rising, leading to an increased incidence of vertebral compression fractures.

Aging Population: The aging population is a significant driver for the market. With the increasing number of elderly individuals, there is a higher likelihood of vertebral compression fractures due to age-related bone density loss and degenerative conditions. This demographic shift is creating a larger patient pool for vertebral compression fracture treatments.

Market Segmentation:

Product Type:

Balloon Kyphoplasty Devices: This segment includes devices used in balloon kyphoplasty procedures, which involve the use of an inflatable balloon to restore vertebral height and the injection of bone cement to stabilize the fracture.
Vertebroplasty Devices: This segment includes devices used in vertebroplasty procedures, where bone cement is directly injected into the fractured vertebra without the use of a balloon.
Procedure Type:

Minimally Invasive Procedures: This segment includes devices used in minimally invasive procedures such as balloon kyphoplasty and percutaneous vertebroplasty.
Open Surgical Procedures: This segment includes devices used in open surgical procedures for vertebral compression fractures.
End User:

Hospitals and Clinics: This segment includes devices used in hospitals and clinics for the treatment of vertebral compression fractures.
Ambulatory Surgical Centers: This segment includes devices used in ambulatory surgical centers, where minimally invasive procedures for vertebral compression fractures are performed.
Geography:

North America: This segment includes the United States, Canada, and other North American countries.
Europe: This segment includes countries in Europe, such as the United Kingdom, Germany, France, Italy, and others.
Asia-Pacific: This segment includes countries in the Asia-Pacific region, including China, India, Japan, South Korea, Australia, and others.
Latin America: This segment includes countries in Latin America, such as Brazil, Mexico, Argentina, and others.
Middle East and Africa: This segment includes countries in the Middle East and Africa, including Saudi Arabia, UAE, South Africa, and others.
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Regional Growth Dynamics:

On the basis of diseases, the minimally invasive spine surgery segment held the lion's share in 2020, contributing to nearly 90% of the market. Moreover, the segment is estimated to portray the highest CAGR of 8.6% from 2021 to 2030. The report includes an analysis of the open spine surgery segment.

Competitive Landscape:

Medtronic plc
Stryker Corporation
Johnson & Johnson
Globus Medical Inc.
Zimmer Biomet Holdings, Inc.
Alphatec Holdings, Inc.
Orthofix Medical Inc.
Merit Medical Systems, Inc.
SpineWave, Inc.
VEXIM SA
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