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Vertebral Compression Fracture Devices Market Size

  • Report ID: GMI4020
  • Published Date: Feb 2024
  • Report Format: PDF

Vertebral Compression Fracture Devices Market Size

Vertebral Compression Fracture Devices Market size was valued at around USD 1.2 billion in 2023 and is estimated to grow at 7.8% CAGR from 2023 to 2032. Factors such as increasing prevalence of osteoporosis, technological advancements in vertebral compression fracture devices, increasing aging population and growing demand for minimally invasive surgical procedures are expected to propel the market growth.

 

The growing prevalence of osteoporosis conditions along with surging patient population of spine related disorders has led to an increased adoption of vertebral compression fracture devices. Osteoporosis is more common in older individuals worldwide as the increased susceptibility to bone loss and fracture increases the risk of osteoporosis in older individuals.
 

For instance, according to data published in an article by Amgen Inc., the number of fractures due to osteoporosis per year in the U.S. is projected to increase by 68% from 1.9 million to 3.2 million between 2018 to 2040. Further, an estimated 10 million individuals in the U.S., over the age of 50, suffers from osteoporosis. An additional 16 million men and little over 43 million women have poor bone mass, which increases their risk of osteoporosis.
 

Vertebral compression fracture (VCF) devices are medical devices designed to treat fractures in the vertebral column, particularly fractures resulting from conditions such as osteoporosis or trauma. These devices aim to provide stability to the affected vertebrae and alleviate associated symptoms such as pain and deformity and often used for minimally invasive procedures like vertebroplasty or kyphoplasty.
 

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global vertebral compression fracture devices market was valued at around USD 1.2 billion in 2023 and is expected to reach over USD 2.3 billion by 2032 due to increasing prevalence of osteoporosis and technological advancements in devices.

The balloon kyphoplasty segment accounted for USD 1.03 billion in 2023 and will grow significantly through 2032 as the technique is safer and more effective due to advancements in cement delivery systems, balloon design, and imaging guidance, which increases its demand in patients and healthcare professionals.

North America vertebral compression fracture devices market accounted for USD 693.3 million in 2023 and is predicted to witness substantial growth through 2032 due to the high rate of surgeries in the region.

Becton, Dickinson and Company, Boston Scientific Corporation, IZI Medical Products, Johnson & Johnson (DePuy Synthes), Medtronic Plc, Merit Medical Systems Inc, Spine Wave, Inc, Spirit Spine Holdings Corporation Inc., Stryker Corporation, and Zimmer Biomet Holdings, Inc.

Vertebral Compression Fracture Devices Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 188
  • Countries covered: 22
  • Pages: 100
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