Global Minimally Invasive Vertebral Compression Fracture Treatments Market, By Technology (Balloon Kyphoplasty, Vertebroplasty), surgery (Minimally invasive spine surgery, Open spine surgery), End-User (Hospitals, ASCs) - Industry Trends and Forecast to 2030.
Minimally Invasive Vertebral Compression Fracture Treatments Market Analysis and Size
Rising procedure volumes, driven by improving reimbursement and expanding demographic factors, are leading to market growth and, as a result, increased competition in the minimally invasive vertebral compression fracture (MIVCF) treatment market, according to the global authority on medical technology market intelligence. Clinical findings reported in the New England Journal of Medicine in 2009 raised doubts regarding the efficacy of vertebroplasty and, by extension, vertebral augmentation among referring surgeons and the general public, and had a significant negative impact on the entire MIVCF therapy market.
Data Bridge Market Research analyses that the minimally invasive vertebral compression fracture treatments market which was USD 1,221.10 million in 2022, is likely to reach up to USD 2,451.04 million by 2030, and is expected to undergo a CAGR of 9.10% during the forecast period. “Minimally invasive spine surgery” dominates the surgery segment of the minimally invasive vertebral compression fracture treatments market due to the non-invasiveness of the procedure and rise in its adoption in clinical practice. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Technology (Balloon Kyphoplasty, Vertebroplasty), Surgery (Minimally invasive spine surgery, Open spine surgery), End-User (Hospitals, ASCs)
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Countries Covered
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U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Market Players Covered
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Alphatec Holdings Inc. (U.S.), IZI Medical Products (U.S.), Globus Medical (U.S.), Johnson and Johnson (U.S.), Medtronic plc (U.S.), Merit Medical Systems (U.S.), Spine Wave Inc. (U.S.), Spirit Spine Holding Corporation Inc. (China), Stryker (U.S.), Zimmer Biomet (U.S.), joimax GmbH (Germany), Joline GmbH and Co. KG (Germany), Cigna (U.S.), Lindare Medical Ltd (U.K.), PanMed UAE (U.S.), ZAVATION (U.S.), Vexim SA (France), Benvenue Medical. (U.S.)
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Market Opportunities
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Market Definition
The vertebral body of the spine disintegrates, a vertebral compression fracture ensues. This can result in deformity, a loss of height, and excruciating discomfort. VCF can be caused by osteoporosis, trauma, pathologic fractures, and other factors. Surgical and non-surgical methods can be used to treat this condition. The two most popular minimally invasive vertebral treatments are balloon kyphoplasty and vertebroplasty, in which an injection is delivered into the damaged vertebra. This disorder is very common in people with poor bone mass.
Minimally Invasive Vertebral Compression Fracture Treatments Market Dynamics
Drivers
- Increase in the prevalence of spine disorders
Degenerative disc disease, arthritis, herniated discs, vertebral fractures, back pain, ankylosing spondylitis, spondylosis, osteoporosis, scoliosis, neck pain, spinal cord cancer, spinal cord injury, hematoma, and kyphosis have all increased demand for vertebral compression fracture devices around the world. Infection, unintentional falls, inflammation, traumatic spine injuries, wear and tear due to ageing, vitamin deficiency, autoimmune illnesses, and limited blood flow to the spine are all factors that contribute to the global demand for vertebral compression fracture devices.
- Rising demand for non-invasive treatments
As new technologies gain importance in the business, the overall volume of revenues in this market will rise. In addition, athletes and fitness fanatics are more likely to sustain injuries and develop bone abnormalities. Recently, the use of minimally invasive spinal compression fracture surgery to treat these patients has grown in favour.
Opportunities
- Technological advancements
The growth in minimally invasive vertebral compression fracture treatments is fostering continuous innovation in medical device technology and procedural techniques. Advances such as improved imaging, navigation systems, and biomaterials contribute to safer and more effective interventions, enhancing patient outcomes and reducing the overall invasiveness of the procedures.
- Rising training and education
With the rise of minimally invasive approaches for vertebral compression fractures, there is a crucial need for comprehensive training programs for healthcare professionals. Companies and educational institutions can seize the opportunity to develop specialized training modules, workshops, and resources, ensuring that physicians are proficient in these advanced techniques, thus expanding the adoption of minimally invasive procedures and improving patient access to cutting-edge care.
Restraints/Challenges
- High risks involved in treatment of vertebral compression fracture
Nerve root irritation, vertebral posterior element fracture, bleeding, and osteoporosis acceleration are all possible post-surgical consequences, which would limit the use of vertebral compression fracture operations around the world. Over the forecast period, this would further stifle the growth of the spinal compression fracture devices market. Any technique that includes the insertion of a device into the skin can increase the risk of infection in the medical profession.
- Limited Access to Technology
The availability and accessibility of advanced minimally invasive technologies for vertebral compression fracture treatment may be unevenly distributed across healthcare facilities. Smaller or rural institutions, in particular, might face challenges in acquiring and maintaining cutting-edge equipment. This disparity can result in a healthcare divide, where patients in certain regions may not have equal access to the benefits of state-of-the-art minimally invasive treatments, potentially leading to variations in healthcare outcomes based on geographical location and facility size. Addressing this challenge requires efforts to improve infrastructure and resource distribution to ensure more equitable access to advanced medical technologies.
This minimally invasive vertebral compression fracture treatments market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the minimally invasive vertebral compression fracture treatments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In February 2021, Johnson & Johnson Medical Devices Companies*, DePuy Synthesis has signed an agreement with Expanding Innovations Inc. to commercialize the X-Pac Expandable Lumbar Cage System in the United States. The X-Pac Cage is a new product from DePuy Synthes that allows for a more complete surgery in the lumbar degenerative and minimally invasive spine segments
- In September 2020, IZI Medical Products, LLC, the KivaTM Vertebral Compression Fracture (VCF) Treatment System has received CE Mark clearance in Europe. Kiva is a VCF treatment based on a unipedicular PEEK implant that has had clinical and commercial success in the US
Global Minimally Invasive Vertebral Compression Fracture Treatments Market Scope
The minimally invasive vertebral compression fracture treatments market is segmented on the basis of technology, surgery and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Balloon Kyphoplasty
- Global Vertebroplasty
Surgery
- Minimally Invasive Spine Surgery
- Open Spine Surgery
End-User
- Hospitals
- ASCs
Minimally Invasive Vertebral Compression Fracture Treatments Market Regional Analysis/Insights
The minimally invasive vertebral compression fracture treatments market is analysed and market size insights and trends are provided by country, technology, surgery and end-users as referenced above.
The countries covered in the minimally invasive vertebral compression fracture treatments market report are U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
North America is expected to dominate the market due rising aging population and the prevalence of osteoporosis rises, the market for minimally invasive vertebral compression fracture healing expands.
Asia-Pacific is expected to grow with a highest growth rate due to the high prevalence of osteoporosis and the presence of significant geriatric and osteoporotic populations in countries such as Japan, China, Korea, and India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The minimally invasive vertebral compression fracture treatments market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Minimally Invasive Vertebral Compression Fracture Treatments Market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Minimally Invasive Vertebral Compression Fracture Treatments Market. The data is available for historic period 2010-2020.
Competitive Landscape and Minimally Invasive Vertebral Compression Fracture Treatments Market Share Analysis
The minimally invasive vertebral compression fracture treatments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Minimally Invasive Vertebral Compression Fracture Treatments Market.
Some of the major players operating in the minimally invasive vertebral compression fracture treatments market are:
- Alphatec Holdings Inc. (U.S.)
- IZI Medical Products (U.S.)
- Globus Medical (U.S.)
- Johnson and Johnson (U.S.)
- Medtronic plc (U.S.)
- Merit Medical Systems (U.S.)
- Spine Wave Inc. (U.S.)
- Spirit Spine Holding Corporation Inc. (China)
- Stryker (U.S.)
- Zimmer Biomet (U.S.)
- Joimax GmbH (Germany)
- Joline GmbH and Co. KG (Germany)
- Cigna (U.S.)
- Lindare Medical Ltd (U.K.)
- PanMed UAE (U.S.)
- ZAVATION (U.S.)
- Vexim SA (France)
- Benvenue Medical (U.S.)
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