Vertebral compression fracture (VCF) is one of the most common osteoporotic fractures, which leads to persistent pain, reduced quality of life, weight loss, depression, kyphotic deformities, and even death. One of the major causes of VCF in elderly women is Osteoporosis. Moreover, metastatic spinal tumors, traumatic injuries, metastatic bone disease, and multiple myeloma can also lead to VCFs. Fractures result in pain, debilitation, and loss of quality of life.
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In addition to the information presented in this report on the Vertebral Compression Fracture Devices market, Increasing prevalence of osteoporosis (a bone disease) is expected to propel the growth of the vertebral compression fracture devices market. For instance, according to the International Osteoporosis Foundation (IOF), one in five men and one in three women around the world (aged 50 and over) suffer a fracture caused by weak bones. Moreover, one in five die within the year following fracture.
Moreover, increasing demand for minimally invasive spine surgeries coupled with the advent of minimally invasive spine surgeries is expected to augment the growth of the vertebral compression fracture devices market. For instance, in June 2020, Spinal Elements launched minimally invasive portfolio for spine surgery.
Growing geriatric population is expected to offer lucrative growth opportunities for players in the market. For instance, according to the World Health Organization (WHO), the world’s population aged 60 years and older is expected to total 2 billion by 2050. VCF occurs in around 20% of people older than 70 years of age.
North America is expected to witness significant growth in the vertebral compression fracture devices market due to the increasing prevalence of spine injuries in the region. For instance, according to the National Spinal Cord Injury Statistical Center, each year around 17,730 new spinal cord injuries occur in the United States.
Competitive Analysis:
Major players operating in the vertebral compression fracture devices market are CareFusion Corporation, DFine, Inc., Globus Medical, Zimmer Biomet Holdings, Stryker Corporation, Orthovita, Inc., VEXIM SA, Osseon LLC, Depuy Synthes, and Alphatec Holdings, Inc.
In December 2020, The Centers for Medicare and Medicaid Services (CMS) announced the SpineJack implantable fracture reduction system qualified for the Transitional Pass-Through (TPT) payment as part of the 2021 Medicare Hospital Outpatient Prospective Payment System. The SpineJack System now becomes one of only 11 medical devices to receive TPT status since 2016.
In September 2020, IZI Medical Products (Owings Mills, Md.) received the CE mark for its Kiva vertebral compression fracture (VCF) treatment system.
In August 2020, IZI Medical Products announced the completion of its vertebral compression fracture (VCF) treatment line with the introduction of the Osteo-Site Balloon for balloon kyphoplasty procedures.
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The major players covered in Vertebral Compression Fracture Devices Market:
Alphatec Holdings, Inc., Depuy Synthes, Osseon LLC, VEXIM SA, and Orthovita, Inc.
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Key Questions Answered in the report include
- Who are the global manufacturers of the Vertebral Compression Fracture Devices & what is their market share, value, volume, competitive landscape, SWOT analysis, and future development plans?
- What are the prime drivers, growth/decline factors, and challenges of the Vertebral Compression Fracture Devices?
- How is the Market expected to evolve in the forecasted period of 2021 – 2028?
- What are the consumption patterns across the various regions?
- How has Covid – 19 impacted the Market and has there been a change in the regulatory policy framework?
- Which are the key areas of applications and product types that may expect a huge demand during the forecast period 2021 – 2028?
- What are the key offerings and new strategies adopted by the players of the Vertebral Compression Fracture Devices?
What benefits does the CMI research study is going to provide?
• Latest industry influencing trends and development scenario
• To Seize powerful market opportunities
• Key decision in planning and to further expand market share
• Identify Key Business Segments, Market proposition & Gap Analysis
• Assisting in allocating marketing investments
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This Vertebral Compression Fracture Devices reports market status and outlook of global and major regions, from angles of players, countries, product types, and end industries; this report analyzes the top players in the global industry and splits by product type and applications/end industries. This report also includes the impact of COVID-19 on the industry. Global Vertebral Compression Fracture Devices Industry 2021 Market Research Report is spread across 100+ pages and provides exclusive vital statistics, data, information, market trends, and competitive landscape details in this niche sector.
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