According a recent Big Market Research report, the vertebral compression fracture devices market is expected to reach $1.1 billion with a compounded annual growth rate of 5.7 percent by 2022.
Here are five insights
1. In 2015, the global vertebral compression fracture devices market was valued at $778 million.
2. Driving the market is the rise in osteoporosis and arthritis and growth in patient awareness about advancements in spinal surgeries, such as artificial disc replacement.
3. The risk associated with postsurgical complications and stringent regulatory approval procedures have the potential to hamper market growth.
4. This market study is divided by product type and surgery. Products are segmented into balloon kyphoplasty and vertebroplasty and surgery is segmented into spine surgery and minimally invasive spine surgery.
5. Key players expected to advance the market include, Benvenue Medical, DePuy Synthes, Medtronic, Stryker and Zimmer Biomet.