Europe Vertebral Compression Fracture Devices Market By Product Type (Vertebroplasty devices and Balloon Kyphoplasty Devices), By Surgery (Minimally invasive spine surgery and Open spine surgery), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
The Europe Vertebral Compression Fracture Devices Market would witness market growth of 7.7% CAGR during the forecast period (2021-2027).
Vertebral compression fracture refers to collapse of spinal vertebras that intensify the back pain, reduce the vertebral height, immobility, and decrease pulmonary function. In addition, there is a big impact of the VCF on the quality of life because it results in distorted body image, depression, and low self-esteem. Further, it is registered that only one-third of VCF get clinical attention and numerous undiagnosed cases are associated with morbidity in the geriatric population across the world. Consumption of calcium supplements is a very effective and good remedy in postmenopausal women to manage healthy bone density and a high protein diet in the old population can help in preventing the possibilities of vertebral compression fracture.
In case of a vertebral body fracture, the regular rectangular shape of the bone gets compressed which results in immense pain. These kinds of compression fractures include the collapse of one or more vertebrae in the spine and are usually caused due to osteoporosis. Osteoporosis is a type of disease that leads to the reduction in a loss of normal bone mass, density, and strength, which results in a condition wherein bones get increasingly porous and are prone to easy breakage. Along with that, vertebrae can also get weak due to cancer.
The increasing cases of osteoporosis and arthritis in this region are estimated to bolster the growth of the regional market in the coming years. Osteoporosis is a disease that can make the bones of the spine thin and weak. Due to this, spine bones can easily get compressed and can even break which leads to spinal collapse and reduction in height. Thus, vertebral compression fractures can easily occur from simple daily activities and can lead to unbearable pain and mobility impairment.
Owing to this, the demand for vertebral compression fracture devices would surge in this region over the forecast period. The supportive medical policies and the robust healthcare infrastructure of various nations in this region are estimated to spur the growth of the regional vertebral compression fracture devices market over the forecast period. Along with that, the risks associated with these procedures would restrict the patient from choosing such procedures and hence, would hinder the growth of the regional market in the forecast period.
The Germany market dominated the Europe Open spine surgery Market by Country in 2020, thereby, achieving a market value of $11.7 million by 2027. The UK market is exhibiting a CAGR of 4.5% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 6.6% during (2021 - 2027).
Based on Product Type, the market is segmented into Vertebroplasty devices and Balloon Kyphoplasty Devices. Based on Surgery, the market is segmented into Minimally invasive spine surgery and Open spine surgery. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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, and Zimmer Biomet Holdings, Inc.
Scope of the Study
Market Segments covered in the Report:
By Product Type
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