Vertebral Compression Fracture Devices Market | 2032

Report Description

Vertebral Compression Fracture Devices Market Outlook 2032

The global vertebral compression fracture devices market size was USD 1.01 Billion in 2023 and is likely to reach USD 2.12 Billion by 2032, expanding at a CAGR of 8.5% during 2024–2032. The market growth is attributed to the increasing instances of osteoporosis, arthritis, and road accidents.

Vertebral collapse is known as a compression fracture. It is brought on by an injury or a weakened vertebra. Individuals with lytic lesions from primary or metastatic cancers, infections, osteoporosis, or osteogenesis imperfecta all experience this weakness. It is most frequently observed in healthy persons who have experienced severe vertical shocks, such as being ejected from an ejection seat. Compression fractures of the spine typically appear as wedge deformities with intact pedicles in the anteroposterior view and a higher loss of height anteriorly than posteriorly when plain spine x-ray images are viewed in lateral views. The rising awareness about advanced devices for spinal care is driving the global market.   

The most common kind of arthritis in older persons is osteoarthritis, which is also one of the main causes of physical disability in this population. The most frequent consequence of osteoporosis is vertebral compression fractures. Around 700,000 instances of compression fractures are reported annually in the US. Almost two-thirds are discovered by accident. Vertebral compression fractures usually manifest as sudden-onset low back discomfort with or without a history of trauma.

• The International Osteoporosis Foundation stated that over 200 million people worldwide, which means around one in three women and one in five men, have osteoporosis. In total, 54 million people in America suffer from osteoporosis, a condition that causes the bones to gradually thin out and lose density, increasing their risk of breaking.

The third most common fragility fracture worldwide is osteoporotic vertebral compression fracture (VCF). Therapies for treating this fracture include vertebroplasty, kyphoplasty, and conservative treatment.

A vertebral fracture is diagnosed if the height of the vertebral body in the anterior, middle, or posterior dimensions is less than 20%. The back of the vertebral body genuinely protrudes into the spinal canal in cases of extremely severe compression fractures, applying pressure on the spinal cord.

Women aged 50 years and above face a high risk of vertebral fractures, similar to the risk of osteoporosis. A 50-year-old woman has a 40% chance of experiencing a VCF during her lifetime. Another factor raising the number of instances of vertebral fractures is the increasing number of road accidents, severe injuries, and traumas.

• In 2022, States and Union Territories (UTs) recorded a total of 4,61,312 road accidents, resulting in 1,68,491 fatalities and 4,43,366 injuries. This represents a rise in accidents by 11.9%, fatalities by 9.4%, and injuries by 15.3% over the previous year.
  

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Impact of Artificial Intelligence (AI) on the Vertebral Compression Fracture Devices Market

Artificial intelligence (AI) has the potential to significantly impact the vertebral compression fracture (VCF) devices market. The improvement in diagnosis and treatment planning by analyzing medical images with high accuracy enables fast and accurate diagnoses. AI algorithms predict future fracture risks based on patient data, enabling preventive measures and personalized treatment plans.

AI-powered surgical navigation systems provide real-time guidance during surgery, improving device placement accuracy. Robotic-assisted surgery leads to minimally invasive surgeries with small incisions, fast recovery times, and reduced complications. AI-powered wearable sensors monitor the activity levels, pain, and recovery progress of patients, allowing for personalized rehabilitation plans and remote monitoring.

Vertebral Compression Fracture Devices Market Dynamics

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Major Drivers

Rising cases of spinal cord fractures are the primary factor driving the global market. Moreover, the frequent incidences of osteoporosis, osteoarthritis, and road accidents are key causes of spinal cord abnormalities and fractures.

Increasing prevalence of numerous degenerative spine conditions is accelerating the demand for a proper treatment, thereby fueling the market. Minimally invasive spine surgery is proven to be successful and is expected to be highly preferred among the population across the globe. Therefore, the growing demand for minimally invasive spine surgery is expected to drive the global market during the forecast period.   

Rising funding for research and R&D activities in the field of vertebral compression fracture devices are contributing to the market growth. Additionally, the growing geriatric population boosting the demand for advanced devices and services for improvement in daily life. 

Existing Restraints

High risks associated with the treatment of vertebral compression fractures are expected to hamper the global market. Risks such as hemorrhage and vertebral posterior element fracture lead to severe conditions and even cause death. Additionally, the lack of reimbursement policies associated with the treatment of this fracture and the high costs of vertebral compression fracture devices deter patients from using these devices.

Emerging Opportunities

Rising innovations in vertebral compression fracture (VCF) devices create immense opportunities in the market. Factors such as increasing technological advancements and focus on improving patient outcomes are boosting the adoption of these devices. Minimally invasive procedures, biocompatible and resorbable materials, robotics and AI integration, personalized medicine, value-based care, and telehealth are supporting the market.

Balloon kyphoplasty and vertebroplasty devices are gaining traction due to their advantages such as high efficiency, accuracy, and patient comfort. Biocompatible and resorbable implant materials are being explored for minimizing long-term complications and offering improved long-term outcomes. AI-powered surgical navigation systems provide real-time guidance during surgery, improving device placement accuracy and potentially leading to enhanced clinical outcomes.

Personalized medicine and patient-specific solutions, such as 3D printing of customized implants and genomic analysis, are expected to improve implant fit and enhance surgical outcomes. Balancing innovation with affordability is crucial for access to VCF treatment and improving healthcare value.

Scope of the Vertebral Compression Fracture Devices Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Vertebral Compression Fracture Devices Segment Insights

Product Type Segment Analysis

Based on product type, the market is bifurcated into balloon kyphoplasty and vertebroplasty. The balloon kyphoplasty segment is expected to expand at a significant growth rate during the projection period, as balloon kyphoplasty devices restore vertebral height to stabilize the fracture. The rising number of osteoporosis & arthritis patients and the increasing elderly population and age-related diseases are expected to fuel the segment. Moreover, these devices provide a high level of comfort with method sensitivity, thereby propelling the segment.

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Surgery Segment Analysis

On the basis of surgery, the global market is segregated into open spine surgery and minimally invasive spine surgery. The minimally invasive spine surgery segment is anticipated to register a considerable CAGR in the coming years. Minimally invasive spine surgery has been one of the most preferred options for a long time. The precision and accuracy of the method with reduced blood loss and fast recovery time are expected to boost the segment. Moreover, the growing awareness of the benefits of minimally invasive surgery among the population contributes to the segmental growth.

End-user Segment Analysis

On the basis of end-user, the vertebral compression fracture devices market is segmented into hospitals, ambulatory surgical centers, trauma centers, and others. The hospitals segment is expected to register a robust growth rate during the forecast period. Hospitals handle complex surgeries, including vertebral compression fractures, with advanced resources such as imaging equipment, and critical care units. Hospitals manage severe cases, particularly those involving spinal cord injuries or neurological complications. The high volume of procedures performed in hospitals is attributed to the established referral network of primary care physicians or specialists. These factors contribute to the segmental growth.

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Regional Analysis

In terms of region, the global vertebral compression fracture devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period owing to the increasing awareness of medical devices and services across the region. Furthermore, the ease of availability of high-tech medical devices, including VCF devices, and high disposable income drive the regional market. The presence of major market players and the rising mergers and acquisitions among them to develop innovative products are boosting the global market. For instance,

• In October 2021, Medtronic Plc, an America-based medical device company, announced the launch of new devices to its minimally invasive spinal technologies ecosystem. The company launched Catalyft PL and PL40, the new Catalyft expandable interbody system, and the Space-D access system, which enables pedicle-screw-based distraction, retraction, and compression.

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