Vertebral Compression Fracture Devices Market Strong Growth at a CAGR of 8.1% and Revenue to Hit USD 1.90 Bn by 2030
Covid-19 scenario:
- The Covid-19 pandemic presented unprecedented challenges in the healthcare industry and had a negative impact on the demand for vertebral compression fracture devices.
- The economic slowdown and prolonged pandemic has impacted the demand for vertebral compression fracture devices that are used in surgical procedures that are considered elective.
Rise in the geriatric population, shift toward minimally invasive spine procedures, and surge in prevalence of spine disorders have boosted the growth of the global vertebral compression fracture devices market. However, unfavorable reimbursement scenarios hinder the market growth. On the contrary, untapped potential in the emerging market is expected to open new opportunities for the market players in the future.
Research Methodology
The research operandi of the global class D audio amplifier market includes significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and press releases have also been properly examined to bring forth high-value industry insights.
Key Market Segments:
Type of Device:
- Vertebroplasty: This involves injecting bone cement into the fractured vertebral body to stabilize it and provide pain relief.
- Kyphoplasty: Similar to vertebroplasty, but it also includes the insertion of a balloon into the vertebral body to create a cavity before injecting bone cement. This helps in restoring vertebral height and shape.
- Radiofrequency Ablation (RF Ablation): This involves using heat generated by radiofrequency energy to treat damaged vertebral tissue and alleviate pain.
- Orthopedic Braces and Supportive Devices: These devices provide external support to the spine, helping to stabilize fractured vertebrae during the healing process.
End-Users:
- Hospitals: Vertebral compression fracture procedures are often performed in hospitals due to the need for specialized equipment and medical expertise.
- Ambulatory Surgical Centers: These centers offer outpatient surgical procedures, including some vertebral compression fracture treatments.
- Clinics and Rehabilitation Centers: These facilities might provide conservative treatments, such as bracing and physical therapy, for patients with vertebral compression fractures.
Geography:
- North America: This region has a significant market share due to the aging population and a higher prevalence of osteoporosis and related fractures.
- Europe: European countries also have a substantial market due to the prevalence of osteoporosis and an increasing focus on minimally invasive treatments.
- Asia-Pacific: The market is growing in this region due to rising healthcare awareness, improving healthcare infrastructure, and a growing elderly population.
- Latin America: The market is developing here, driven by increasing healthcare access and awareness about available treatments.
- Middle East and Africa: The market is smaller but growing due to improving healthcare systems and an aging population.
Product Material:
- Polymer-based Devices: These might include devices made from biocompatible polymers designed to provide structural support to fractured vertebrae.
- Metal-based Devices: Implants made from materials like titanium can be used to stabilize fractured vertebrae and aid in the healing process.
Enquire for customization Report @
https://www.alliedmarketresearch.com/request-for-customization/669
Key Findings Of The Study
- By product type, the balloon kyphoplasty devices segment was the highest contributor to the market, with $743.8 million in 2020, and is estimated to reach $1,694.90 million by 2030, at a CAGR of 8.50%.
- By surgery, the minimally invasive spine surgery segment was the highest contributor to the market, with $777.90 million in 2020, and is estimated to reach $1,791.40 million by 2030, at a CAGR of 8.60%.
- North America is expected to be the fastest growing region, registering a CAGR of 7.50% during the forecast period.
Competitive Landscape
The global vertebral compression fracture devices market report includes an in-depth analysis of the prime market players such as Alphatec Holdings, Inc. Globus Medical, Inc., Benvenue Medical, Medtronic plc, Johnson & Johnson (Depuy Synthes), Osseon LLC, Orthovita, Inc., VEXIM SA, Stryker Corporation, and Zimmer Biomet Holdings, Inc.
Interested to Procure the Data? Inquire Here :
https://www.alliedmarketresearch.com/purchase-enquiry/669
Key Points Covered by the Report-
- What are the fundamental skills, core competencies, and key players in the industry we are examining?
- What are the opportunities for marketing strategies that are developing at a usual rate?
- What are the main competitive factors influencing the industry?
- What marketing tactics are suitable for a particular service or product?
- What geographical areas are covered by the Vertebral Compression Fracture Devices Market report?
- What share of this market would each of the following regions hold during the forecast period: Asia-Pacific, Europe, North America, and LAMEA?
- How has COVID-19 impacted the Vertebral Compression Fracture Devices Market?
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Editor Details
-
Company:
- The Wire Times
