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Minimally Invasive Vertebral Compression Fracture Treatment Market Trends, Top Companies, Share, Growth And Forecast 2033
Minimally Invasive Vertebral Compression Fracture Treatment Market Trends
According to The Business Research Company's, 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.
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Market Drivers and Trends:
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.
Major companies operating in the minimally invasive vertebral compression fracture treatment market focus on developing advanced technologies, such as access retractor systems, to serve customers better with advanced features. Minimally invasive access retractor systems are medical devices designed to facilitate less invasive surgical procedures by providing access to target areas with minimal tissue disruption, typically through small incisions or natural body openings. For instance, in April 2023, Orthofix Medical Inc., a US-based medical device company, launched two access retractor systems to assist surgeons in minimally invasive spine (MIS) procedures. The Lattus Lateral Access System and Fathom Pedicle-Based Retractor System enhance the company's access solutions. The Lattus system offers ease of use and versatility, independent blade retraction strength, and a unique down-and-out splay feature for challenging anatomy access. The Fathom Retractor, featuring three points of active telescoping blade fixation, allows surgeons to customize lateral to medial tilt for a precise and rigid construct, promoting optimal outcomes in MIS procedures. Both systems enhance surgical workflow, improve visualization, and complement Orthofix's comprehensive procedural solutions.
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Major Key Players of the Market:
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.
Minimally Invasive Vertebral Compression Fracture Treatment Market 2024 Key Insights:
• The minimally invasive vertebral compression fracture treatment market is expected to grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
• Rising Prevalence Of Osteoporosis Drives Growth In The Minimally Invasive Vertebral Compression Fracture Treatment Market
• Cutting-Edge Access Retractor Systems Advances Vertebral Compression Fracture Treatment
• North America was the largest region in the minimally invasive vertebral compression fracture treatment market in 2023
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