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Global Vertebral Compression Fracture Devices Market (2021 to 2027) - Growing Geriatric Population is Expected to Spur Growth - ResearchAndMarkets.com

January 11, 2022 GMT

DUBLIN--(BUSINESS WIRE)--Jan 11, 2022--

The “Global Vertebral Compression Fracture Devices Market By Product Type, By Surgery, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027” report has been added to ResearchAndMarkets.com’s offering.

The Global Vertebral Compression Fracture Devices Market size is expected to reach $1.9 billion by 2027, rising at a market growth of 8.5% CAGR during the forecast period.

Key Market Players

  • Alphatec Holdings Inc.
  • IZI Medical Products, LLC (Shore Capital Partners)
  • Globus Medical, Inc.
  • Johnson & Johnson (Depuy Synthes)
  • Medtronic plc
  • Merit Medical Systems, Inc.
  • Spine Wave Inc.
  • Spirit Spine Holding Corporation Inc.
  • Stryker Corporation
  • Zimmer Biomet Holdings, Inc.

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A spinal disorder that occurs due to a fracture in the spinal cord owing to arthritis, osteoporosis, and trauma is known as a vertebral compression fracture. Osteoporosis is one of the most common reasons behind compression fractures of the vertebrae, and it is a kind of bone loss that results in easy breakage of bones. However, the tumor generally starts spreading from vertebrae to any other part of the body to the bone.

There are certain common symptoms of this disorder that consists of gradually increasing back pain, which can be relieved by lying on the back but standing can make it worse, restricted movement in the spine, reduction in the height of the patient, a stooped-over posture known as kyphosis.

Generally, the vertebra’s front side decreases in height due to the fracture; however, the rear side does not witness the same. Due to this, such fractures can lead to the stooped posture of the patient over the time. Some of the problems caused by the nerve damage are weak muscles, numbness or tingling, problems in walking, and possible problem in controlling the bowels or bladder.

The treatment of vertebral compression fracture through the surgical approach involves vertebroplasty and balloon kyphoplasty. The vertebroplasty process includes equipment that are used for inserting medical cement in the fractured vertebral body to get instant pain relief and stability. On the other hand, Kyphoplasty includes the equipment utilized for making a cavity under the fractured vertebral body along with injecting the medical-grade bone cement into the cavity.

COVID-19 Impact Analysis

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The outbreak of the COVID-19 pandemic has impacted all the domains of the business world. The imposed lockdown, ban on travel, and restrictions on movements across the world have impacted the manufacturing and imports & exports of vertebral compression fracture devices. Thus, the COVID-19 pandemic has negatively affected the growth of the vertebral compression fracture devices market across the globe.

The economic slowdown and significant decrease in the demand for vertebral compression fracture devices that are utilized in various elective treatment procedures are estimated to hamper the overall demand for these devices in the coming years. Along with that, the pandemic has temporarily closed the manufacturing units of various things including vertebral compression fracture devices and thus, negatively impacting the growth of the market over the forecast period.

Market Growth Factors:

The growing geriatric population is expected to spur the market growth

In 2019, the number of people aged 65 years or over is 703 million as per United Nations. In addition, this number is estimated to get double by 2050 to 1.5 billion across the world. In addition, the percentage of the people aged 65 years or over has surged across the globe from 6 percent in 1990 to 9 percent in 2019. Due to this increased population, the demand for vertebral compression fracture devices is also growing across the globe.

The rise in the prevalence of spine disorders

The prevalence of numerous degenerative spine conditions such as degenerative disc disease, arthritis, herniated disc, vertebral fractures, ankylosing spondylitis, spondylosis, back pain, osteoporosis, scoliosis, neck pain, spinal cord cancer, spinal cord injury, hematoma, and kyphosis has increased the demand for vertebral compression fracture devices across the world. The reason behind these spine problems is infection, accidental falls, inflammation, traumatic spine injuries, wear & tear because of aging, vitamin deficiency, autoimmune diseases, and blocked blood supply to the spine, which augment the demand for vertebral compression fracture devices across the world.

Market Restraining Factor:

High risks involved in the treatment of vertebral compression fracture

The chances of post-surgical complications are quite high that include nerve root irritation, vertebral posterior element fracture, hemorrhage, and acceleration of osteoporosis and this is expected to restrict the adoption of vertebral compression fracture procedures across the world. This is expected to further hamper the growth of the vertebral compression fracture devices market over the forecast period. In the medical field, any kind of procedure that requires the insertion of a device into the skin can increase the risk of infection.

For more information about this report visit https://www.researchandmarkets.com/r/9hpeid

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KEYWORD:

INDUSTRY KEYWORD: HEALTH SURGERY MEDICAL SUPPLIES MEDICAL DEVICES

SOURCE: Research and Markets

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PUB: 01/11/2022 12:02 PM/DISC: 01/11/2022 12:02 PM

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