1. Market Research
  2. > Healthcare
  3. > Pathology
  4. > Chronic Disease Market Trends
Global Vertebral Compression Fracture Devices Market By Product Type, By Surgery, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027

Global Vertebral Compression Fracture Devices Market By Product Type, By Surgery, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027

  • October 2021
  • 164 pages
  • ID: 6188497
  • Format: PDF
  • KBV Research

Summary

Table of Contents

The Global Vertebral Compression Fracture Devices Market size is expected to reach $1.9 billion by 2027, rising at a market growth of 8.5% CAGR during the forecast period. A spinal disorder that occurs due to a fracture in the spinal cord owing to arthritis, osteoporosis, and trauma is known as a vertebral compression fracture. Osteoporosis is one of the most common reasons behind compression fractures of the vertebrae, and it is a kind of bone loss that results in easy breakage of bones. However, the tumor generally starts spreading from vertebrae to any other part of the body to the bone. There are certain common symptoms of this disorder that consists of gradually increasing back pain, which can be relieved by lying on the back but standing can make it worse, restricted movement in the spine, reduction in the height of the patient, a stooped-over posture known as kyphosis.

Generally, the vertebra’s front side decreases in height due to the fracture; however, the rear side does not witness the same. Due to this, such fractures can lead to the stooped posture of the patient over the time. Some of the problems caused by the nerve damage are weak muscles, numbness or tingling, problems in walking, and possible problem in controlling the bowels or bladder. The treatment of vertebral compression fracture through the surgical approach involves vertebroplasty and balloon kyphoplasty. The vertebroplasty process includes equipment that are used for inserting medical cement in the fractured vertebral body to get instant pain relief and stability. On the other hand, Kyphoplasty includes the equipment utilized for making a cavity under the fractured vertebral body along with injecting the medical-grade bone cement into the cavity.

COVID-19 Impact

The outbreak of the COVID-19 pandemic has impacted all the domains of the business world. The imposed lockdown, ban on travel, and restrictions on movements across the world have impacted the manufacturing and imports & exports of vertebral compression fracture devices. Thus, the COVID-19 pandemic has negatively affected the growth of the vertebral compression fracture devices market across the globe. The economic slowdown and significant decrease in the demand for vertebral compression fracture devices that are utilized in various elective treatment procedures are estimated to hamper the overall demand for these devices in the coming years. Along with that, the pandemic has temporarily closed the manufacturing units of various things including vertebral compression fracture devices and thus, negatively impacting the growth of the market over the forecast period.

Market Growth Factors:

The growing geriatric population would spur the market growth

In 2019, the number of people aged 65 years or over is 703 million as per United Nations. In addition, this number is estimated to get double by 2050 to 1.5 billion across the world. In addition, the percentage of the people aged 65 years or over has surged across the globe from 6 percent in 1990 to 9 percent in 2019. Due to this increased population, the demand for vertebral compression fracture devices is also growing across the globe.

The rise in the prevalence of spine disorders

The prevalence of numerous degenerative spine conditions such as degenerative disc disease, arthritis, herniated disc, vertebral fractures, ankylosing spondylitis, spondylosis, back pain, osteoporosis, scoliosis, neck pain, spinal cord cancer, spinal cord injury, hematoma, and kyphosis has increased the demand for vertebral compression fracture devices across the world. The reason behind these spine problems is infection, accidental falls, inflammation, traumatic spine injuries, wear & tear because of aging, vitamin deficiency, autoimmune diseases, and blocked blood supply to the spine, which augment the demand for vertebral compression fracture devices across the world.

Market Restraining Factor:

High risks involved in the treatment of vertebral compression fracture

The chances of post-surgical complications are quite high that include nerve root irritation, vertebral posterior element fracture, hemorrhage, and acceleration of osteoporosis and this would restrict the adoption of vertebral compression fracture procedures across the world. This would further hamper the growth of the vertebral compression fracture devices market over the forecast period. In the medical field, any kind of procedure that requires the insertion of a device into the skin can increase the risk of infection.

Product Type Outlook

Based on Product Type, the market is segmented into Vertebroplasty devices and Balloon Kyphoplasty Devices. The balloon kyphoplasty devices segment is projected to acquire the largest revenue share in the market over the forecast period. Factor such as growing cases of osteoporosis & arthritis is responsible for the growth of this segment. Additionally, the growing geriatric population is also estimated to fuel the growth of the market during the forecast period. The vertebroplasty segment is anticipated to garner substantial revenue shares in the market over the forecast period.

Surgery Outlook

Based on Surgery, the market is segmented into Minimally invasive spine surgery and Open spine surgery. The Minimally invasive spine surgery market dominated the Global Vertebral Compression Fracture Devices Market by Surgery in 2020. The Open spine surgery market is expected to witness a CAGR of 6.2% during (2021 - 2027).

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The North America market dominated the Global Vertebral Compression Fracture Devices Market by Region in 2020, and would continue to be a dominant market till 2027. The Europe market is experiencing prominent growth during the forecast period. Additionally, The Asia Pacific market would exhibit highest CAGR during (2021 - 2027).

The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Johnson & Johnson are the forerunners in the Vertebral Compression Fracture Devices Market. Companies such as Stryker Corporation, Medtronic plc, Globus Medical, Inc. are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alphatec Holdings Inc., IZI Medical Products, LLC (Shore Capital Partners), Globus Medical, Inc., Johnson & Johnson (Depuy Synthes), Medtronic plc, Merit Medical Systems, Inc., Spine Wave Inc., Spirit Spine Holding Corporation Inc., Stryker Corporation, and Zimmer Biomet Holdings, Inc.

Recent Strategies Deployed in Vertebral Compression Fracture Devices Market

Partnerships, Collaborations, Approvals & Agreements:

Feb-2021: The Johnson & Johnson Medical Devices Companies* announced that DePuy Synthes** has signed an agreement with Expanding Innovations Inc. to distribute the X-Pac Expandable Lumbar Cage System in the U.S. The X-Pac Cage augments DePuy Synthes’ existing suite of products to provide a comprehensive procedural solution within the lumbar degenerative and minimally invasive spine segments.

Sep-2020: IZI Medical Products, LLC announces that it has received CE Mark approval in Europe for the KivaTM Vertebral Compression Fracture (VCF) Treatment System. Kiva is a unipedicular PEEK implant-based treatment solution for VCFs that has seen clinical and commercial success in the US.

Product Launches and Product Expansions:

Jun-2021: Alphatec Holdings, Inc. completed acquisition of EOS imaging, a global medical device company. With an Aim to Improves clinical performance in spine by adding unprecedented information to the AlphaInformatiX Platform, Accelerates revenue growth through immediate access to EOS’ prestigious 380-unit installed base, which overlaps minimally with ATEC’s client base and Facilitates future global expansion via EOS’ established infrastructure.

Dec-2020: Zimmer Biomet today said it completed the acquisition of A&E Medical, a premier cardiothoracic surgery company. A&E Medical’s high-growth business and innovative products are highly complementary to Zimmer Biomet’s current portfolio and will allow company to offer a comprehensive suite of sternal closure products, including rigid fixation, which has the potential to shift the standard of care and address a variety of unmet patient and surgical needs

Mergers & Acquisition:

Oct-2021: Medtronic this week announced that it has launched three new devices for its minimally invasive spinal technologies ecosystem. Catalyft PL and PL40 for the Catalyft expandable interbody system. Space-D access system that enables pedicle-screw-based distraction, retraction and compression. Accelerate graft delivery system with Grafton DBF, joining Medtronic’s minimally invasive product line.

Sep-2021: Spine Wave is pleased to announce the successful completion of its limited market release and subsequent launch of the Salvo® 5.5/6.0mm Spine System featuring Spine Wave’s advanced modular screw design. Spine Wave launched the Salvo® 4.75mm Spine System during late 2020 to address cortical bone trajectory and low-profile transpedicular procedures.

Aug-2021: IZI Medical Products LLC has launched Vertefix HV Cement, a unique solution that addresses the need for real-time flow visualization during cement injection for vertebroplasty and kyphoplasty procedures. Vertefix HV will help you control your cement and allow you to have excellent cement viscosity immediately after mixing.

Jun-2021: DePuy Synthes Launches 2.7 mm Variable Angle Locking Compression Plate Clavicle System Designed to Accommodate Different Shapes and Sizes of the Collarbone. This new system offers plate shapes that reflect the correlation between patient stature and clavicle size to match the bow and contour of the clavicle and accommodate a broad range of anatomic variability of the clavicle.

Mar-2021: Alphatec Holdings, Inc. announced today the launch of the InVictus® Occipital-Cervical-Thoracic (OCT) Spinal Fixation System, which extends the sophistication of the InVictus Posterior Fixation Platform to the entire spine. The InVictus System is engineered to provide adaptable, predictable surgical treatment of a range of pathologies through open, MIS, or hybrid approaches.

Aug-2020: IZI Medical Products, LLC announces the official launch of its Osteo-Site Vertebral Balloon for vertebral augmentation. The Osteo-Site Balloon completes IZI’s offering of Vertebral Compression Fracture ("VCF") treatment options, which include Osteo-Site Vertebroplasty, Osteo-Site Balloon Kyphoplasty, Blazer Curved Needle Augmentation, and Kiva PEEK Implant-based augmentation.

Jan-2020: Merit Medical Systems, Inc. announces the official market launch of Arcadia Steerable and Straight Balloons for vertebral augmentation. Arcadia balloons are designed to help physicians achieve controlled, precise cavity creation during unipedicular or bipedicular vertebral augmentation procedures.

Scope of the Study

Market Segments covered in the Report:

By Product Type

• Vertebroplasty devices

• Balloon Kyphoplasty Devices

By Surgery

• Minimally invasive spine surgery

• Open spine surgery

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Alphatec Holdings Inc.

• IZI Medical Products, LLC (Shore Capital Partners)

• Globus Medical, Inc.

• Johnson & Johnson (Depuy Synthes)

• Medtronic plc

• Merit Medical Systems, Inc.

• Spine Wave Inc.

• Spirit Spine Holding Corporation Inc.

• Stryker Corporation

• Zimmer Biomet Holdings, Inc.

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Immunoglobulin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • $ 2299
  • December 2021
  • 143 pages

The global immunoglobulin market exhibited moderate growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of around 7% during 2021-2026. Keeping in mind the uncertainties ...

  • World
  • Pathology
  • Cancer
  • Industry analysis

ref:plp2021

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on