Vertebral Compression Fracture Devices Market Insight and Trends 2027
The global Vertebral Compression Fracture Devices market gathered revenue around USD 390 Million in 2020 and market is set to grow USD 998.3 Million by the end of 2027 and is estimated to expand at a modest CAGR of 7.2% during the prediction period 2021 to 2027.
Growth Factors:
The global vertebral compression fracture devices market is expected to be driven over the forecast period by the growing incidences of arthritis and osteoporosis on account of an increasingly aging population, rising awareness of vertebral compression fracture devices, along with an increase in physician training. Rising incidences of compressed bones of the spine due to trauma, cancer, and others have led to the growth of the market. The bones of people with cancer and elderly people can break easily with no or little force, therefore, increasing the incidences of cases leading to an increase in demand for vertebral compression fracture devices.
The global vertebral compression fracture devices market is classified into vertebroplasty devices and balloon kyphoplasty devices. These techniques are used to relieve chronic back pain that is associated with spinal compression fractures and also various other conditions. Both of these procedures are being guided by The National Institute for Health and Clinical Excellence (NICE). Percutaneous vertebroplasty or PVP is a minimally invasive surgical procedure that involves injecting cement-like material to strengthen the crushed or collapsed bone. Kyphoplasty involves the insertion of a balloon in the vertebrae followed by inflating the same in order to correct the deformity before injecting surgical cement. Vertebroplasty can be carried out in a day under conscious sedation whereas kyphoplasty requires hospital admission.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Vertebral Compression Fracture Devices market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Vertebral Compression Fracture Devices market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 998.3 Million by 2027 |
| Growth Rate | CAGR of 7.2% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | product type, surgery and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Alphatec Spine, Inc., Benvenue Medical, Inc., Globus Medical, Inc., Johnson & Johnson, Medtronic PLC, Stryker Corporation, Vexim SA, Zimmer Biomet Holdings, Inc. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Vertebral Compression Fracture Devices market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Region Segment outlook:
North America is constituted to have highest market share of the vertebral compression fracture market in 2020, followed by the other sectors. The larger share of the North America region can be attributed to the factors such as ease of availability of the devices and services across developing countries, rise in health awareness among the people. Overall, it is projected that the need for the vertebral compression fracture in developing and developed regions of North America would rise sharply in the coming years.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Vertebral Compression Fracture Devices Market include: Alphatec Spine, Inc., Benvenue Medical, Inc., Globus Medical, Inc., Johnson & Johnson, Medtronic PLC, Stryker Corporation, Vexim SA, Zimmer Biomet Holdings, Inc.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
By product type
By surgery
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Vertebral Compression Fracture Devices market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Vertebral Compression Fracture Devices market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Vertebral Compression Fracture Devices markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Vertebral Compression Fracture Devices market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers