Vertebral Compression Fracture Devices Market - By Product Type (Balloon Kyphoplasty, Vertebroplasty), Surgery (Minimally Invasive Spine Surgery, Open Spine Surgery), End-use (Hospital, ASCs, Trauma Centers) – Global Forecast 2024 – 2032

Vertebral Compression Fracture Devices Market Size

Vertebral Compression Fracture Devices Market size was valued at around USD 1.2 billion in 2023 and is estimated to grow at 7.8% CAGR from 2023 to 2032. Factors such as increasing prevalence of osteoporosis, technological advancements in vertebral compression fracture devices, increasing aging population and growing demand for minimally invasive surgical procedures are expected to propel the market growth.
 

The growing prevalence of osteoporosis conditions along with surging patient population of spine related disorders has led to an increased adoption of vertebral compression fracture devices. Osteoporosis is more common in older individuals worldwide as the increased susceptibility to bone loss and fracture increases the risk of osteoporosis in older individuals.
 

For instance, according to data published in an article by Amgen Inc., the number of fractures due to osteoporosis per year in the U.S. is projected to increase by 68% from 1.9 million to 3.2 million between 2018 to 2040. Further, an estimated 10 million individuals in the U.S., over the age of 50, suffers from osteoporosis. An additional 16 million men and little over 43 million women have poor bone mass, which increases their risk of osteoporosis.
 

Vertebral compression fracture (VCF) devices are medical devices designed to treat fractures in the vertebral column, particularly fractures resulting from conditions such as osteoporosis or trauma. These devices aim to provide stability to the affected vertebrae and alleviate associated symptoms such as pain and deformity and often used for minimally invasive procedures like vertebroplasty or kyphoplasty.
 

Vertebral Compression Fracture Devices Market Trends

The technological advancements in vertebral compression fracture devices including adoption of smart balloon kyphoplasty systems, patient-specific implants, and biocompatible materials among others are proving beneficial for the industry growth.
 

• Continued refinement of minimally invasive techniques, such as percutaneous vertebroplasty and balloon kyphoplasty, allows for reduced tissue disruption, smaller incisions, and shorter recovery times compared to traditional open surgeries. For instance, in 2021, Medtronic introduced three new devices, combining spinal implants, biologics, navigation, robotics, and AI-powered data for surgeons and patients. This combined product portfolio with the help of advanced technologies, aims to lower the infection and complication rates, reduce blood loss, incisions, hospital stays, and pain in the patients undergoing procedures.
   
• Further, cement augmentation technology has been instrumental in the development of balloon kyphoplasty, a procedure that may help to reduce the rate of bone cement leakage, better restore vertebral height, and improve patient outcomes.
   

Vertebral Compression Fracture Devices Market Analysis

Based on product type, the market is categorized into balloon kyphoplasty and vertebroplasty. The balloon kyphoplasty segment accounted for majority share and was valued at USD 1,038.4 million revenue in 2023.
 

• Balloon kyphoplasty provides a minimally invasive option for stabilizing fractured vertebrae for the older individuals having high risk of vertebral compression fractures. The technique is safer and more effective due to advancements in cement delivery systems, balloon design, and imaging guidance, which increases its demand in patients and healthcare professionals.
   
• For example, three-dimensional radiography guidance can be utilized for balloon kyphoplasty to provide the accurate imaging guidance for the treatment making it more demanding by healthcare professionals.
   
• Furthermore, growing awareness about osteoporosis, vertebral compression fractures and advancements in diagnostic techniques contribute to early and accurate diagnosis. For instance, Merit Medical and the National Osteoporosis Foundation recognizes the month of May as National Osteoporosis Month, to raise awareness about the importance of bone health and the prevention of osteoporosis.
   

Based on surgery, the vertebral compression fracture devices market is segmented into minimally invasive spine surgery and open spine surgery. The minimally invasive spine surgery segment held leading revenue share in 2023 and is anticipated to reach USD 2.1 billion by 2032.
 

• The minimally invasive spine surgery enables the advantages like shorter hospital stays, reduced postoperative care, and quicker recovery time. All these factors contribute to the cost effectiveness of the treatment, resulting in the increased demand of the procedure by making it economically attractive to healthcare providers, patients and payers.
   
• Additionally, over time, the range of spine conditions that can be treated using minimally invasive techniques has expanded. The growing geriatric population are more susceptible to conditions like herniated discs, spinal stenosis, spinal deformities, and other spinal disorders. A broader range of indications increases the potential patient pool and demand for minimally invasive spine surgeries.
   

Based on end-user segmentation, the vertebral compression fracture devices market is categorized into hospitals, ambulatory surgical centers, trauma centers, and other end-users. The hospitals segment accounted for majority revenue share and was valued at around USD 632.8 million revenue in 2023.
 

• Hospitals offer a wide range of medical services, such as imaging for diagnosis, spine surgeries, as well as post-surgical recovery facilities. These facilities are well-equipped to provide the multidisciplinary care due to presence of skilled professionals for vertebral compression fractures, involving radiologists, orthopedic or spine surgeons, anesthesiologists, and rehabilitation specialists, thus, making them the primary healthcare settings for patients.
   
• Additionally, there is rise in the number of surgeries performed globally. Most surgical operations, including the open and minimally invasive spine surgeries, that are common treatments for spinal compression fractures, are performed in hospital settings.
   
• Further, an increase in the geriatric population is indicative of a high patient load. Hospitals manage this enormous number of patients, including those with spinal disorders. Hospitals represent a significant market for spinal compression fracture devices due to the high patient volume and high treatment frequency of these patients.
   

North America vertebral compression fracture devices market accounted for USD 693.3 million revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
 

• In the U.S., more than 450,000 spinal fusion procedures are carried out annually to treat abnormalities of the spine, lessen pain, and increase stability or correct deformities of the spine.
  
  Approximately 200,000 lumbar fusion surgeries, also known as lower back procedures, are performed to treat various diseases like spinal stenosis, broken vertebrae, degenerative disc disease, and herniated discs. Such high rate of surgeries is among a key factor driving up the demand for spinal compression fractures devices in the country. 
   
• Moreover, ongoing research and development initiatives and the availability of cutting-edge technologies encourages healthcare providers in the region to offer advanced treatment options. Further, private insurance companies and Medicare increasingly cover VCF device procedures, making them more financially accessible to patients. This wider insurance coverage further fuels the demand for these devices in North America.
   

Vertebral Compression Fracture Devices Market Share

The vertebral compression fracture devices industry is competitive in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products with improved efficiency, better pain management and cost-effectiveness is among a key market strategy for VCF device manufacturers. Some of the leading industry players including Becton, Dickinson and Company, Boston Scientific Corporation, Johnson & Johnson (DePuy Synthes), Stryker Corporation, and Medtronic, Plc among others have a substantial presence in the market.
 

Vertebral Compression Fracture Devices Market Companies

Some of the eminent market participants operating in the vertebral compression fracture devices industry include:

• Becton, Dickinson, and Company
• Boston Scientific Corporation
• IZI Medical Products
• Johnson & Johnson (DePuy Synthes)
• Medtronic Plc
• Merit Medical Systems Inc
• Spine Wave, Inc
• Spirit Spine Holdings Corporation Inc.
• Stryker Corporation
• Zimmer Biomet Holdings, Inc.
   

Vertebral Compression Fracture Devices Industry News:

• In August 2020, IZI Medical Products, LLC, a key manufacturer of interventional radiology devices, announced the Launch of its Osteo-Site Vertebral Balloon and its complete VCF treatment toolbox. This development will enable the company to improve its market space and offer advanced product offerings.
   

Vertebral compression fracture devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Product Type

• Balloon kyphoplasty
• Vertebroplasty

Market, By Surgery

• Minimally invasive spine surgery
• Open spine surgery

Market, By End-use

• Hospitals
• Ambulatory surgical centers
• Trauma centers
• Other end-users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa