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Vertebral Compression Fracture Devices Market Trends

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

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Vertebral Compression Fracture Devices Market Trends

The technological advancements in vertebral compression fracture devices including adoption of smart balloon kyphoplasty systems, patient-specific implants, and biocompatible materials among others are proving beneficial for the industry growth.

Continued refinement of minimally invasive techniques, such as percutaneous vertebroplasty and balloon kyphoplasty, allows for reduced tissue disruption, smaller incisions, and shorter recovery times compared to traditional open surgeries. For instance, in 2021, Medtronic introduced three new devices, combining spinal implants, biologics, navigation, robotics, and AI-powered data for surgeons and patients. This combined product portfolio with the help of advanced technologies, aims to lower the infection and complication rates, reduce blood loss, incisions, hospital stays, and pain in the patients undergoing procedures.
Further, cement augmentation technology has been instrumental in the development of balloon kyphoplasty, a procedure that may help to reduce the rate of bone cement leakage, better restore vertebral height, and improve patient outcomes.

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.