LAMEA Vertebral Compression Fracture Devices Market By Product Type, By Surgery, By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027

The Latin America, Middle East and Africa Vertebral Compression Fracture Devices Market is expected to witness market growth of 11.2% CAGR during the forecast period (2021-2027).

When less invasive treatments like a back brace or pain medication, bed rest get ineffective for the patient, then physicians recommend vertebroplasty and kyphoplasty procedures. These procedures could be carried out instantly in patients with immense pain and require hospitalization or for conditions, which restrict bed rest and pain medications.

A vertebral compression fracture is the result of the blockage caused in a certain part of the spine or any specific bone in the body. Such kind of blockage is mostly caused because of compression that leads to any trauma. Rising cases of back pain among adults as well as older people, growing cases of arthritis, short hospital stay, short recovery period, cost-efficient treatment price are among the major aspects fueling the growth of the vertebral compression fracture devices market.

The advancements in spinal treatment across various nations in this region is expected to support the growth of the regional market over the forecast period. In addition, the increasing cases of spinal disorders or deformities is expected to also create lucrative demand for these devices across this region. Along with that, the high occurrence of vertebral compression fracture and other spinal issues among older people is expected to fuel the growth of the regional vertebral compression fracture devices market in the coming years.

However, several complications attached to the VCFs treatment may impede the growth of the regional market. On the other hand, the inactive lifestyle of the people along with the increasing working hours of people in front of the screens can cause back pain and spinal problems, which is estimated to propel the growth of the regional vertebral compression fracture devices market over the forecast period.

The Balloon Kyphoplasty Devices market dominated the South Africa Vertebral Compression Fracture Devices Market by Product Type in 2020, thereby, achieving a market value of $29.1 million by 2027. The Vertebroplasty devices market is expected to witness a CAGR of 9.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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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