The North America Vertebral Compression Fracture Devices Market is expected to witness market growth of 7.1% CAGR during the forecast period (2021-2027).
Vertebral compression fractures refer to the collapse that occurred in the vertebral body or the bony block in the spine. This collapse can lead to posture deformity, immense pain, and a decrease in height. These fractures can happen very easily in patients suffering from osteoporosis, even via simple daily activities like sneezing forcefully, lifting a light object, or even stepping out of the shower. It can also occur in postmenopausal women. Vertebral compression fracture devices are utilized in the treatment of spine-associated compression fractures since these devices prove to be helpful in fixing them and alleviating pain.
Under the vertebroplasty procedure, image guidance, generally fluoroscopy is used by physicians in order to insert cement into the fractured bone by using a hollow needle. While in case of kyphoplasty, firstly, a balloon is implanted into the fractured bone via the hollow needle to make a cavity or space, then the cement is inserted into that cavity once the balloon is detached.
The collision of the bony block or vertebral body in the spine that results in immense pain, decrease in height and other spinal deformities, is termed as vertebral compression fractures (VCFs). These spinal fractures, generally occur in the middle part of the spine and particularly in the lower part of the spine. People suffering from severe osteoporosis are more prone to vertebral compression fractures, which is expected to boost the demand for vertebral compression fracture devices in this region.
The strong healthcare infrastructure along with the increasing advancements in medical equipment and devices is expected to support the growth of the regional vertebral compression fracture devices market over the forecast period. In addition, the increasing number of older populations is among the crucial aspects propelling the growth of the regional market. The sedentary lifestyle of the people and less physical activities among the population are leading to increasing spine issues, which is expected to augment the regional market growth in the coming years.
The USA market dominated the North America Vertebroplasty devices Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $55.1 million by 2027. The Canada market is experiencing a CAGR of 4.9% during (2021 - 2027). Additionally, The Mexico market is expected to witness a CAGR of 6.9% during (2021 - 2027).
Based on Product Type, the market is segmented into Vertebroplasty devices and Balloon Kyphoplasty Devices. Based on Surgery, the market is segmented into Minimally invasive spine surgery and Open spine surgery. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alphatec Holdings Inc., IZI Medical Products, LLC (Shore Capital Partners), Globus Medical, Inc., Johnson & Johnson (Depuy Synthes), Medtronic plc, Merit Medical Systems, Inc., Spine Wave Inc., Spirit Spine Holding Corporation Inc., Stryker Corporation, and Zimmer Biomet Holdings, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Vertebroplasty devices
- Balloon Kyphoplasty Devices
By Surgery
- Minimally invasive spine surgery
- Open spine surgery
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Alphatec Holdings Inc.
- IZI Medical Products, LLC (Shore Capital Partners)
- Globus Medical, Inc.
- Johnson & Johnson (Depuy Synthes)
- Medtronic plc
- Merit Medical Systems, Inc.
- Spine Wave Inc.
- Spirit Spine Holding Corporation Inc.
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
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Table of Contents
Companies Mentioned
- Alphatec Holdings Inc.
- IZI Medical Products, LLC (Shore Capital Partners)
- Globus Medical, Inc.
- Johnson & Johnson (Depuy Synthes)
- Medtronic plc
- Merit Medical Systems, Inc.
- Spine Wave Inc.
- Spirit Spine Holding Corporation Inc.
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
Methodology
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