The European vertebral compression fracture market is expected to grow over the next few years, and Medtronic will likely maintain the top spot, according to an iData report.
Here are eight key trends:
1. The European vertebral compression fracture device market is expected to grow volume due to the elderly population suffering from osteoporosis and popularization of percutaneous vertebral augmentation treatment.
2. Percutaneous vertebral augmentation is characterized by high average selling price and it's anticipated to grow at an accelerating rate. The segment is expected to increase in value by nearly 50 percent.
3. The PVA market is expected to continue growing and exceed 214 million Euros by 2021. The VCF device market accounts for just more than 20 percent of the total European spinal implant market. However, the continued adoption of PVA devices will increase the market share to 25 percent.
4. Many surgeons are favoring PVA kyphoplasty over vertebroplasty for treating vertebral compression fractures. The industry professionals believe the procedure benefits the patient by restoring vertebral height and is more effective in relieving pain.
5. The German market experienced high growth rates since kyphoplasty was introduced more than a decade ago. The procedure emerged in the Italian market shortly after and had similar growth rates. These two countries are the largest markets for PVA in Europe by far.
6. The Austrian and Spanish markets are currently experiencing growth, with Austria experiencing one of the highest adoption rates since surgeons began performing kyphoplasty there in 2002.
7. Strict regulations and healthcare approval processes have hindered market growth in the United Kingdom, Switzerland, France and Scandinavia. However, reimbursement conditions have greatly improved and kyphoplasty is growing there as well.
8. Medtronic leads the VCF device market with nearly 60 percent market share with Kyphon Balloon Kyphoplasty. They have maintained the top spot since 2007. Other notable competitors include DFINE, Stryker, Optimed, DePuy Synthes, CareFusion, Cook Medical, NeuroTherm, Biomet and Somatex.