Hyderabad, India -- (SBWIRE) -- 03/01/2023 -- Vertebral Compression Fracture Devices Market

The vertebral compression fracture (VCF) devices market is a growing industry that provides medical devices for treating spinal fractures. These fractures can be caused by various factors, such as osteoporosis, trauma, or cancer.

Market Growth and Future Apprehension:

The most recent USD Analytics report predicted that the GLOBAL "Vertebral Compression Fracture Devices Market" will expand at a CAGR of 8.5% during the forecast period 2023 to 2030.

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Market Drivers:

One of the major factors driving the growth of the VCF devices market is the increasing prevalence of osteoporosis. Osteoporosis is a condition that weakens bones, making them more likely to break. As the global population ages, the prevalence of osteoporosis is expected to increase, driving demand for VCF devices. According to the International Osteoporosis Foundation, osteoporosis affects an estimated 200 million women worldwide.

Another factor contributing to the growth of the VCF devices market is the increasing adoption of minimally invasive procedures. Minimally invasive procedures offer numerous benefits, such as shorter recovery times and reduced risk of complications, compared to traditional open surgery. VCF devices can be used in minimally invasive procedures to stabilize fractures and promote healing.

Market Challenges:

-High Cost of VCF Devices:

The cost of VCF devices is a significant challenge, especially for patients who do not have insurance coverage or have limited coverage. The high cost of these devices can limit access to treatment for many patients, particularly in low- and middle-income countries.

-Stringent Regulatory Requirements:

VCF devices are subject to stringent regulatory requirements, which can be a significant challenge for manufacturers. The regulatory approval process can be lengthy and expensive, requiring extensive clinical trials and testing. This can limit the ability of manufacturers to introduce new devices to the market.

Market Opportunities:

-Growing Prevalence of Osteoporosis:

As the global population ages, the prevalence of osteoporosis is expected to increase, driving demand for VCF devices. According to the International Osteoporosis Foundation, osteoporosis affects an estimated 200 million women worldwide. This presents a significant opportunity for VCF device manufacturers to meet the growing demand for treatment options.

-Advancements in Technology:

Technological advancements have enabled the development of innovative VCF devices that are more effective and efficient in treating spinal fractures. For instance, there has been an increasing trend towards minimally invasive procedures, which offer numerous benefits, such as shorter recovery times and reduced risk of complications. This trend has led to the development of new devices that are less invasive and more precise, leading to better outcomes for patients.

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Segmentation Analysis:

The global Vertebral Compression Fracture (VCF) Devices Market is segmented by Product Type, Surgery

By Product Type:
- Vertebroplasty Devices
- Balloon Kyphoplasty Device

By Surgery:
- Minimally Invasive Spine Surgery
- Open Spine Surgery

Competitive Landscape:

The major companies in Vertebral Compression Fracture (VCF) Devices Market are

- Merit Medical Systems,
- Stryker Corporation,
- Benvenue Medical Inc.,
- Globus Medical,
- Johnson & Johnson (Deputy Synthes),
- Alphatec Holdings Inc.,
- Spirit Spine Holdings Corporation Inc,
- Medtronic Plc,
- Zimmer Biomet Holdings Inc.,
- Spine Wave Inc, Cook, and Izi Medical Products, Llc.

Regional Analysis:

North America has the largest market share in the spinal compression fracture market. The greater proportion of the North America area may be ascribed to reasons such as the ease of access to devices and services throughout emerging nations, as well as an increase in public health awareness. Overall, it is expected that the demand for spinal compression fractures would increase dramatically in both emerging and industrialized parts of North America in the future years.