Vertebral Compression Fracture Devices Market Size is likely to witness a major upsurge from 2022 to 2028, on account of the high incidence of spinal compression fractures due to auto accidents and trauma worldwide. The rising burden of osteoporosis among the burgeoning elderly population, alongside the increasing prevalence of metastatic spinal tumors, will further proliferate the need for vertebral compression fracture treatment in the coming years. Vertebral compression fractures refer to fractures that collapse a spinal vertebra due to bone compression, leading to severe pain, loss of height, and deformity. This fracture commonly occurs in the lower part of the thoracic spine. Several examinations like CT scans, plain X-rays, and MRI aid in its diagnosis, in predicting prognosis, as well as determining treatment options.
Rapid technological advancement in spine surgery and the growing number of patients with osteoarthritis will augment vertebral compression fracture devices market size through 2022-2028. As per data from the CDC, degenerative joint disease or osteoarthritis affects more than 32.5 million U.S. adults, which could boost the demand for fractured vertebrae treatment. The potential rise in cases of bone metastasis among cancer patients and the surging number of obese people will also fuel industry growth over the forecast spell, since obesity is among the key risk factors of osteoarthritis.
Considering procedure type, the vertebral compression fracture devices market from the vertebroplasty segment is set to record considerable revenue by 2028. Growth from this segment is a result of the emergence of this procedure as an effective treatment for osteoporotic vertebral compression fractures. However, it is relatively less effective in patients with lower lumbar spine fractures than it is in higher lumbar fractured patients, which may hinder segmental expansion to some extent. Based on end-use, the trauma centers segment is projected to amass considerable gains in the upcoming years, due to low mortality rate of trauma patients treated at these centers, boosting demand for vertebral compression fracture management at these facilities.
From a regional perspective, the Latin America vertebral compression fracture devices market is expected to depict a strong growth rate through 2028. The regional market growth is driven by the rising geriatric population base, as older people are more prone to osteoporosis. In countries like Argentina, prostate carcinoma metastasis is regarded as one of the most common tumors. Such factors, alongside the mounting incidence of fractures due to crashes and accidents and the increased spending in healthcare in Mexico, will stimulate the adoption of solutions like compression fracture spine radiology in the years ahead.
Prominent vertebral compression fracture devices market players include RTI Surgical (Pioneer Surgical Technology), Orthovita, Inc. (Stryker Corporation), Medtronic, CareFusion Corporation (BD, Cardinal Health), Biomet Inc., Alphatec Spine, Inc., Amedica Corporation, Cook Medical Inc., DePuy Synthes (Johnson & Johnson), and Orthofix Interventional, among others. These companies are focusing on new product launches, acquisitions, and mergers to expand their business footprint in the competitive market.
The novel coronavirus outbreak resulted in a decline in non-elective procedures during its initial phase, as healthcare facilities shifted focus to prioritize COVID-19-related treatments worldwide. During the peak of the pandemic, agencies like the Center for Medicaid and Medicare Services also postponed their elective services such as vertebroplasty and kyphoplasty. These aforementioned factors may have created a hindrance to the steady growth of the vertebral compression fracture devices industry. However, the rising awareness about the implications of coronavirus among patients with vertebral fractures may aid industry recovery over the foreseeable future. According to research published in Journal of Clinical Endocrinology & Metabolism, COVID-19 patients with vertebral fractures face twice the risk for fatality, since these fractures influences cardiorespiratory function and disease outcomes. Factors such as these may thus amplify the need for advanced vertebral compression fracture devices over the years ahead.
Market, by Procedure Type
Market, by End-use
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