Vertebral Compression Fracture Devices Market Analysis, Share, Forecast Up to 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.

To gain a comprehensive understanding and competitive insights into the global vertebral compression fracture devices market, obtain a sample report at: https://www.alliedmarketresearch.com/request-sample/669

The growth of the global vertebral compression fracture devices market has been fueled by factors such as the increasing geriatric population, a shift towards minimally invasive spine procedures, and a rise in the prevalence of spine disorders. However, market growth faces hindrances due to unfavorable reimbursement scenarios. Conversely, the untapped potential in emerging markets is expected to create new opportunities for market players in the future.

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. The market across North America held the lion's share in 2020, accounting for nearly three-fifths of the market. 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.

Covid-19 Impact:

The Covid-19 pandemic posed unprecedented challenges in the healthcare industry, leading to a negative impact on the demand for vertebral compression fracture devices.

Economic slowdown and the prolonged pandemic have particularly affected the demand for devices used in elective surgical procedures.

Market Segmentation:

The global vertebral compression fracture devices market is segmented based on product type, diseases, and region.

Product Type:

The balloon kyphoplasty segment held the largest market share in 2020, accounting for more than four-fifths of the market. It is projected to exhibit the highest CAGR of 8.5% during the forecast period. The report also includes an analysis of the vertebroplasty segment.

Diseases:

The minimally invasive spine surgery segment dominated the market in 2020, contributing to nearly 90% of the market share. It is estimated to depict the highest CAGR of 8.6% from 2021 to 2030. Additionally, the report includes an analysis of the open spine surgery segment.

Regional Analysis:

The report offers an analysis of the global vertebral compression fracture devices market across regions such as North America, Europe, Asia-Pacific, and LAMEA. While North America held the largest market share in 2020, accounting for nearly three-fifths of the market, Asia-Pacific is anticipated to exhibit the highest CAGR of 10.5% during the forecast period.

Key Market Players:

The global vertebral compression fracture devices market report includes an in-depth analysis of key market players, including Alphatec Holdings, Inc., Globus Medical, Inc., Benvenue Medical, Medtronic plc, Johnson & Johnson (Depuy Synthes), Osseon LLC, Orthovita, Inc., VEXIM SA, Stryker Corporation, and Zimmer Biomet Holdings, Inc.

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