Vertebral Compression Fracture Devices Market Size, Industry Analysis Report, Regional Outlook, Application, Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4020
Vertebral Compression Fracture Devices Market size is projected to experience significant growth from 2019 to 2025.
Increasing prevalence of osteoporosis will drive the global vertebral compression fracture devices market growth. According to the International Osteoporosis Foundation, about 75 million people across the globe are affected by osteoporosis in U.S., Europe and Japan. Osteoporosis leads to low bone mass and micro-architectural deterioration of bone tissue, resulting into increased risk of fracture and bone fragility. Additionally, incidence of hip and vertebral fractures is increasing exponentially with growing age of the population. Thus, growing incidences of various bone disorders will spur the vertebral compression fracture devices market growth.
Growing number of trauma cases will significantly escalate the demand for vertebral compression fracture devices. According to the Journal of Orthopedics Traumatology and Rehabilitation, musculoskeletal injuries are most common cause for burden of disability, mortality and suffering. Also, about 1,000 to 2,600 people per 100,000 per year injured due to fall and road traffic crashes experiencing skeletal injuries across the emerging countries, as per WHO. Thus, rising incidence of traumatic injuries will impel vertebral compression fracture devices market growth.
However, high cost associated with surgical procedures will hamper vertebral compression fracture devices market growth in upcoming years.
Balloon kyphoplasty segment will witness significant upsurge in the vertebral compression fracture devices market during the coming years. This procedure is modified vertebroplasty technique and minimally invasive, that is used to relieve pain, correct kyphosis and lost vertebral height. The technique provides significant reduction in pain and the duration of pain medication. It also reduces risk of cement leakage. Thus, growing applications of this technique leading to efficiency in treatment of vertebral compression fractures coupled with its enhanced benefits will spur the segmental growth.
The demand for vertebral compression fracture devices in ambulatory surgical centers will increase rapidly in the upcoming years. Cost involved in vertebral surgeries in ambulatory surgical centers is low as compared to the hospitals. Ambulatory surgical center reduces long stay and duration for treatment procedure. Thus, higher cost-effectiveness and convenience to patients will lead to increase in number of vertebral compression fracture surgeries in ambulatory surgical centers, thereby augmenting the segmental growth.
U.S. vertebral compression fracture devices market will hold significant market share of the global vertebral compression fracture devices market in the forthcoming period. According to the International Osteoporosis Foundation, osteoporosis and low bone mass are currently major public health issues and has affects about 44 million men and women in the U.S. Rising pervasiveness of osteoporosis coupled with expanding geriatric population in the country will spur the U.S. vertebral compression fracture devices industry growth over the foreseeable future.
India vertebral compression fracture devices market will witness robust growth in the upcoming period. The number of women with osteoporosis leading to reduced bone mass and disrupted bone architecture, is rapidly rising in India. As per the International Journal of Women Health, about 46 million experienced osteoporosis in 2015. Furthermore, changing lifestyle of the Indian population leading to greater susceptibility of suffering from bone disorders coupled with growing road accidents will accelerate the adoption of vertebral compression fracture devices in India.
Orthofix Interventional, DePuy Synthes, Cook Medical Inc. and Amedica Corporation are some of the players involved in the global vertebral compression fracture devices industry among others. These players are focusing on research and development for new product launch increasing competitiveness and profitability of the firm. For instance, in July 2017, DePuy Synthes acquired Innovative Surgical Solutions, LLC (Sentio LLC.), for development of its technology in minimally invasive spine surgery, strengthening its segmental growth.
Vertebral Compression Fracture Devices Market by Procedure Type, 2014-2025 (USD Million)
- Balloon Kyphoplasty
Vertebral Compression Fracture Devices Market by End-use, 2014-2025 (USD Million)
- Ambulatory surgical centers
- Trauma centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Alphatec Spine, Inc.
- Amedica Corporationss
- Biomet Inc.
- CareFusion Corporation
- Cook Medical Inc.
- DePuy Synthes
- Medtronic. Inc
- Orthofix Interventional
- Orthovita, Inc.
- Pioneer Surgical Technology
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