(MENAFN- EIN Presswire) VCF MARKET
Factors that drive the growth of the global vertebral compression fracture devices market include rising awareness of vertebral compression fracture devices.” - Onkar SumantPORTLAND, OREGON, UNITED STATES, April 21, 2023 /einpresswire.com / -- Vertebral Compression Fracture (VCF) devices are medical devices used to treat fractures in the spine that result from osteoporosis or other conditions. These devices are designed to stabilize the fractured vertebrae, reduce pain, and promote healing.
The global vertebral compression fracture devices market size was valued at $866.70 million in 2020, and is projected to reach $1,909.40 million by 2030, registering a CAGR of 8.10% from 2021 to 2030.
There are several types of VCF devices, but most involve the use of a small balloon that is inserted into the fractured vertebra and inflated to create a space. Once the space is created, a special cement is injected into the space to stabilize the vertebra and prevent further collapse.
These devices can be used for both thoracic and lumbar vertebral fractures and can provide immediate pain relief and improved mobility. They are typically used in conjunction with other treatments, such as medications and physical therapy, to promote long-term healing and prevent future fractures.
Overall, VCF devices can be an effective treatment option for those with vertebral compression fractures and can help improve quality of life by reducing pain and improving mobility.
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The Vertebral Compression Fracture Devices Market is segmented based on device type, procedure type, end-user, and geography.
Device Type: The Vertebral Compression Fracture Devices market includes different types of devices, such as balloon kyphoplasty devices, vertebral augmentation devices, radiofrequency kyphoplasty devices, and vertebral compression fracture plates.
Procedure Type: The market is also segmented based on the type of procedure, such as percutaneous vertebroplasty (PVP), balloon kyphoplasty (BKP), vertebral augmentation, and others.
End-User: The Vertebral Compression Fracture Devices Market includes different end-users, such as hospitals, ambulatory surgical centers, and clinics.
Geography: The market is segmented based on different regions, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
By understanding these market segments, companies can better understand their target audience and tailor their marketing strategies to meet the specific needs of their customers.
Covid-19 scenario:
The Covid-19 pandemic presented unprecedented challenges in the healthcare industry and had a negative impact on the demand for vertebral compression fracture devices.
The economic slowdown and prolonged pandemic has impacted the demand for vertebral compression fracture devices that are used in surgical procedures that are considered elective.
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Key Findings Of The Study:
By product type, the balloon kyphoplasty devices segment was the highest contributor to the market, with $743.8 million in 2020, and is estimated to reach $1,694.90 million by 2030, at a CAGR of 8.50%.
By surgery, the minimally invasive spine surgery segment was the highest contributor to the market, with $777.90 million in 2020, and is estimated to reach $1,791.40 million by 2030, at a CAGR of 8.60%.
North America is expected to be the fastest growing region, registering a CAGR of 7.50% during the forecast period.
Here are the top 10 companies operating in the Vertebral Compression Fracture Devices Market:
Medtronic plc
Stryker Corporation
DePuy Synthes (Johnson & Johnson)
Zimmer Biomet Holdings Inc.
Globus Medical Inc.
SpineWave Inc.
Orthovita Inc.
K2M Group Holdings Inc.
Alphatec Spine Inc.
VEXIM SA
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