Overview and Scope
Minimally invasive vertebral compression fracture treatment is a set of medical procedures that use minimally invasive approaches to stabilize and heal broken vertebrae in the spine. These procedures aim to stabilize vertebral compression fractures of the spine and relieve associated pain.
Sizing and Forecast
The minimally invasive vertebral compression fracture treatment market size has grown rapidly in recent years. It will grow from $1.22 billion in 2023 to $1.34 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to increased incidence of vertebral compression fractures, advancements in surgical devices, rising demand for minimally invasive procedures, rise in aging population, economic factor.
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Segmentation & Regional Insights
The minimally invasive vertebral compression fracture treatment market covered in this report is segmented –
1) By Surgery: Minimally Invasive Spine Surgery, Open Spine Surgery
2) By Technology: Balloon Kyphoplasty, Vertebroplasty
3) By End-User: Hospitals, Ambulatory Surgery Centers (ASCs)
North America was the largest region in the minimally invasive vertebral compression fracture treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the minimally invasive vertebral compression fracture treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising prevalence of osteoporosis is expected to propel the growth of the minimally invasive vertebral compression fracture treatment market going forward. Osteoporosis is a medical disorder that weakens bones, increasing the risk of fractures and causing a decrease in bone density. The use of minimally invasive vertebral compression fracture treatments in osteoporosis reflects an advanced and effective approach to managing fractures, aiming to enhance patient outcomes and well-being. For instance, In December 2023, according to a report published by the Australian Institute of Health and Welfare (AIHW), an Australia-based government agency, osteoporosis contributed to 2,366 deaths, or 6.5 deaths per 100,000 population in 2021, representing 1.4% of all deaths. Further, in 2021–22, there were 9,500 hospitalizations with a principal diagnosis of osteoporosis (89 hospitalizations per 100,000 population) for people aged 45 and over. Therefore, the rising prevalence of osteoporosis is driving the growth of the minimally invasive vertebral compression fracture treatment market.
Key Industry Players
Major companies operating in the minimally invasive vertebral compression fracture treatment market report are Cigna Healthcare, Johnson & Johnson, Medtronic plc, Stryker Corporation, Zimmer Biomet, Halma Plc, Hoag Orthopedic Institute, Merit Medical Systems, Globus Medical, Orthofix Medical Inc., Aesculap Implant Systems LLC, Alphatec Holdings Inc., RTI Surgical, OrthoPediatrics Corp., OsteoMed L.P., Spine Wave Inc., CoreLink Surgical, Tyber Medical LLC, ZAVATION, Vexim SA, Benvenue Medical, Joimax GmbH, Osseon Therapeutics, Spirit Spine Holding Corporation Inc., Joline GmbH and Co. KG, CareFusion Corporation, Lindare Medical Ltd.
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