The vertebral compression fractures occur when the bony block or vertebral body present in the spine collapses which can lead to severe pain, deformity, and loss in the height. These type of fractures commonly occur in the thoracic spine (the middle portion of the spine) and in the lower part of the spine. Osteoporosis is the most common cause of compression fractures of the vertebrae. Osteoporosis is a type of bone loss that causes bones to break easily. Other causes include injuries to the spine (such as from car accidents and sports injuries) and tumors in the spine. The tumor may start in the vertebrae. But more commonly it spreads there from another part of the body to the bone. Some of the common symptoms of it include slowly worsening back pain that lying on your back may relieve the pain and standing may make it worse, decrease in your height, limited movement in your spine (unable to bend or twist), a stooped-over posture, called kyphosis. Often, the front side of the vertebra loses height, but the rear side doesn't. As a result, these fractures can cause your posture to stoop forward over time. Numbness or tingling, weak muscles, problems walking. The surgical option for the treatment of vertebral compression fracture includes vertebroplasty and balloon kyphoplasty. Vertebroplasty procedures involve devices for injecting cement in the fractured vertebral body to achieve immediate pain relief and stability. Kyphoplasty involves the devices used for creating the cavity within the fractured vertebral body and also to inject the medical-grade bone cement into that cavity.
The global vertebral compression fracture devices market was valued at $866.70 million in 2020, and is projected to reach $1,909.40 million by 2030, registering a CAGR of 8.10% from 2021 to 2030, owing to the factors like increase in the prevalence of increase in geriatric population, shift towards the minimally invasive spine procedures, the rise in incidence of osteoporosis & arthritis, and growth in patient awareness about advancements in spinal surgeries, such as artificial disc replacement. However, some of the factors like risks associated with post-surgical complications including hemorrhage and vertebral posterior element fracture, stringent regulatory approval procedures and unfavorable reimbursement scenarios are expected to hamper the market growth.
The vertebral compression fracture devices market is segmented on the basis on product type, surgery, and region. By type of product, the market is bifurcated into balloon kyphoplasty devices and vertebroplasty devices. By surgery, the market is divided into open spine surgery and minimally invasive spine surgery. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The COVID-19 pandemic is an unprecedented global public health challenge and is anticipated to have a negative impact on the vertebral compression fracture devices market. The COVID-19 pandemic and subsequent economic slowdown has materially impacted the demand for vertebral compression fracture devices, which are used in procedures that are considered elective for the treatment. Moreover, the slowdown in supply chain of the vertebral compression fracture devices had increased the demand and supply gap. This increase has led to slowdown of the production plants of the devices. Government imposed the restrictions on the use of staff which resulted in the slowdown and shutdown of various manufacturing companies. This shutdown resulted in the decrease of growth factor of the vertebral compression fracture devices market.
On the basis of product type, the vertebral compression fracture devices market is categorized into balloon kyphoplasty devices and vertebroplasty devices. The balloon kyphoplasty devices segment is expected to gain highest revenue during the forecast period. This is attributed to the surge in incidences of osteoporosis & arthritis. In addition, the boost in number of geriatric population would propel the market growth in the next few years. However, vertebroplasty segment is expected to generate significant revenue shares in the vertebral compression fracture market.
On the basis of surgery, the vertebral compression fracture market is classified into open spine surgery and minimally invasive spine surgery. The minimally invasive spine surgery segment is anticipated to gain the highest revenue during the forecast period, owing to the increase in incidences of spinal disorders which needs early diagnosis. In addition, the growing awareness among the population about the procedures would help the segment generate higher revenue shares in the coming years.
North America is constituted to have highest market share of the vertebral compression fracture market in 2020, followed by the other sectors. The larger share of the North America region can be attributed to the factors such as ease of availability of the devices and services across developing countries, the rise in health awareness among the people. Overall, it is projected that the need for the vertebral compression fracture in developing and developed regions of North America would rise sharply in the coming years.
The global vertebral compression fracture devices market was valued at $866.70 million in 2020, and is projected to reach $1,909.40 million by 2030, registering a CAGR of 8.10% from 2021 to 2030, owing to the factors like increase in the prevalence of increase in geriatric population, shift towards the minimally invasive spine procedures, the rise in incidence of osteoporosis & arthritis, and growth in patient awareness about advancements in spinal surgeries, such as artificial disc replacement. However, some of the factors like risks associated with post-surgical complications including hemorrhage and vertebral posterior element fracture, stringent regulatory approval procedures and unfavorable reimbursement scenarios are expected to hamper the market growth.
The vertebral compression fracture devices market is segmented on the basis on product type, surgery, and region. By type of product, the market is bifurcated into balloon kyphoplasty devices and vertebroplasty devices. By surgery, the market is divided into open spine surgery and minimally invasive spine surgery. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The COVID-19 pandemic is an unprecedented global public health challenge and is anticipated to have a negative impact on the vertebral compression fracture devices market. The COVID-19 pandemic and subsequent economic slowdown has materially impacted the demand for vertebral compression fracture devices, which are used in procedures that are considered elective for the treatment. Moreover, the slowdown in supply chain of the vertebral compression fracture devices had increased the demand and supply gap. This increase has led to slowdown of the production plants of the devices. Government imposed the restrictions on the use of staff which resulted in the slowdown and shutdown of various manufacturing companies. This shutdown resulted in the decrease of growth factor of the vertebral compression fracture devices market.
On the basis of product type, the vertebral compression fracture devices market is categorized into balloon kyphoplasty devices and vertebroplasty devices. The balloon kyphoplasty devices segment is expected to gain highest revenue during the forecast period. This is attributed to the surge in incidences of osteoporosis & arthritis. In addition, the boost in number of geriatric population would propel the market growth in the next few years. However, vertebroplasty segment is expected to generate significant revenue shares in the vertebral compression fracture market.
On the basis of surgery, the vertebral compression fracture market is classified into open spine surgery and minimally invasive spine surgery. The minimally invasive spine surgery segment is anticipated to gain the highest revenue during the forecast period, owing to the increase in incidences of spinal disorders which needs early diagnosis. In addition, the growing awareness among the population about the procedures would help the segment generate higher revenue shares in the coming years.
North America is constituted to have highest market share of the vertebral compression fracture market in 2020, followed by the other sectors. The larger share of the North America region can be attributed to the factors such as ease of availability of the devices and services across developing countries, the rise in health awareness among the people. Overall, it is projected that the need for the vertebral compression fracture in developing and developed regions of North America would rise sharply in the coming years.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a detailed quantitative analysis of the current market trends and future estimations from 2020 to 2030, which assists to identify the prevailing market opportunities.
- An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the hemodialysis and peritoneal dialysis market is provided.
- An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
KEY MARKET SEGMENTS
By product type
- Balloon kyphoplasty devices
- Vertebroplasty devices
By surgery
- Open spine surgery
- Minimally invasive spine surgery
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
- Alphatec Holdings, Inc.
- Benvenue Medical
- Globus Medical, Inc.
- Johnson & Johnson (Depuy Synthes)
- Medtronic plc
- Orthovita, Inc.
- Osseon LLC
- Stryker Corporation
- VEXIM SA
- Zimmer Biomet Holdings, Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: VERTEBRAL COMPRESSION FRACTURE DEVICES MARKET, BY PRODUCT
CHAPTER 5: VERTEBRAL COMPRESSION FRACTURE DEVICES MARKET, BY SURGERY
CHAPTER 6: VERTEBRAL COMPRESSION FRACTURE DEVICES MARKET, BY REGION
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | September 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 866.7 million |
| Forecasted Market Value ( USD | $ 1909.4 million |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
