Vertebral Compression Fracture Devices Market Analysis

Vertebral Compression Fracture Devices Market Analysis

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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.