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Global Minimally Invasive Vertebral Compression Fracture Treatment Market 2024 Opportunity Assessment, Size, Growth Rate And Forecast To 2033
Minimally Invasive Vertebral Compression Fracture Treatment Market
The Business Research Company presents an extensive market research report on the Minimally Invasive Vertebral Compression Fracture Treatment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The minimally invasive vertebral compression fracture treatment market size has grown rapidly in recent years. It will grow from $1.22 billion in 2023 to $1.34 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to increased incidence of vertebral compression fractures, advancements in surgical devices, rising demand for minimally invasive procedures, rise in aging population, economic factor.
The minimally invasive vertebral compression fracture treatment market size is expected to see strong growth in the next few years. It will grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to growing awareness and education, emerging markets, advancements in imaging technologies, increasing investment in research and development, supportive regulatory frameworks. Major trends in the forecast period include product innovations, strategic partnerships, technological advancements.
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Key Market Players:
Major companies operating in the minimally invasive vertebral compression fracture treatment market report are Cigna Healthcare, Johnson & Johnson, Medtronic plc, Stryker Corporation, Zimmer Biomet, Halma Plc, Hoag Orthopedic Institute, Merit Medical Systems, Globus Medical, Orthofix Medical Inc., Aesculap Implant Systems LLC, Alphatec Holdings Inc., RTI Surgical, OrthoPediatrics Corp., OsteoMed L.P., Spine Wave Inc., CoreLink Surgical, Tyber Medical LLC, ZAVATION, Vexim SA, Benvenue Medical, Joimax GmbH, Osseon Therapeutics, Spirit Spine Holding Corporation Inc., Joline GmbH and Co. KG, CareFusion Corporation, Lindare Medical Ltd.
Market Drivers:
The rising prevalence of osteoporosis is expected to propel the growth of the minimally invasive vertebral compression fracture treatment market going forward. Osteoporosis is a medical disorder that weakens bones, increasing the risk of fractures and causing a decrease in bone density. The use of minimally invasive vertebral compression fracture treatments in osteoporosis reflects an advanced and effective approach to managing fractures, aiming to enhance patient outcomes and well-being. For instance, In December 2023, according to a report published by the Australian Institute of Health and Welfare (AIHW), an Australia-based government agency, osteoporosis contributed to 2,366 deaths, or 6.5 deaths per 100,000 population in 2021, representing 1.4% of all deaths. Further, in 2021-22, there were 9,500 hospitalizations with a principal diagnosis of osteoporosis (89 hospitalizations per 100,000 population) for people aged 45 and over. Therefore, the rising prevalence of osteoporosis is driving the growth of the minimally invasive vertebral compression fracture treatment market.
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The minimally invasive vertebral compression fracture treatment market covered in this report is segmented -
1) By Surgery: Minimally Invasive Spine Surgery, Open Spine Surgery
2) By Technology: Balloon Kyphoplasty, Vertebroplasty
3) By End-User: Hospitals, Ambulatory Surgery Centers (ASCs)
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