The Global Vertebral Compression Fracture Devices Market was pegged at $748 million in 2015 and is expected to reach $1,109 million by 2022, registering a CAGR of 5.7% from 2014 to 2022.
The key business strategies discussed in the report help the interested business owners and individuals get a proper insight of the entire market. It provides an overview of the drivers, restraints, and opportunities impacting the industry. It tells about the market size, top pocket investments, segmentation, and key market stratagems that are currently dominating the market. It also shares information about the leading players operating in the market.
Increase in the number of geriatric population, rising incidences of arthritis and osteoporosis, technological advancements in the VCF devices and growing demand for minimal invasive VCF procedures have fueled the growth of global Vertebral compression fracture devices market. On the other hand, the strict regulatory approval procedure has restrained the growth to some extent. However, propagation of percutaneous vertebral augmentation (PVA) treatment has created multiple opportunities in the segment.
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The report emphasizes on the various segments of global vertebral compression fracture devices market. The market is segmented into product, surgery, and region. Based on Product, the market is divided into Balloon Kyphoplasty and Vertebroplasty. The report splits the surgery segment into Open Spine Surgery and Minimally Invasive Spine Surgery. The market is then analyzed across various regions including North America, Asia-Pacific, Europe, and Latin America, Middle East and Africa (LAMEA).
By product, the vertebroplasty devices segment has come out as the fastest growing segment and is expected to grow at a CAGR of 6.1% during the forecast period. On the other hand, the balloon kyphoplasty segment accounted for almost four-fifths share of the global vertebral compression fracture devices market in 2015. By geography, North America held the major market share in 2015, accounting for more than one-third of the total market.
The key players in the vertebral compression fracture devices market are expanding the scope of their business operations by incorporating innovative products in their product portfolios. The report includes a detailed competitive analysis of the major market players, such as Benvenue Medical, Depuy Synthes (Johnson & Johnson), Alphatec Holdings, Inc., Medtronic plc, Globus Medical, Inc., Orthovita, Inc., Zimmer Biomet Holdings, Inc. Stryker Corporation, Osseon LLC, and VEXIM SA.
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