Home > Healthcare > Medical Devices > Surgical Devices > Vertebral Compression Fracture Devices Market
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.
Report Attribute | Details |
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Base Year: | 2023 |
Vertebral Compression Fracture Devices Market Size in 2023: | USD 1.2 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 7.8% |
2024 – 2032 Value Projection: | USD 2.3 Billion |
Historical Data for: | 2018 – 2023 |
No. of Pages: | 100 |
Tables, Charts & Figures: | 188 |
Segments covered: | Product type, Surgery, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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