According to a new market report published by Transparency Market Research "Minimally Invasive Vertebral Compression Fracture Repair Market (Vertebroplasty and Kyphoplasty Devices) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", the global minimally invasive vertebral compression fracture repair market was valued at USD 1.58 billion in 2012 and is expected to grow at a CAGR of 8.7%from 2013 to 2019, to reach an estimated value of USD 2.82 billion in 2019.
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Minimally invasive vertebral compression fracture (VCF) repair is one of the fastest growing segments in the overall spinal surgeries market. Factors such as growth in incidence of vertebral compression fractures, high prevalence of osteoporosis, aging of population worldwide and inability of medicinal therapy to cure vertebral compression fracture to the optimum level will have an impact on the growth of the minimally invasive vertebral compression fracture repair industry.
The global minimally invasive vertebral compression fracture repair market is segmented on the basis of types of procedural technology and geography. Based on technology, the minimally invasive VCF repair market is classified into vertebroplasty and kyphoplasty devices. It is expected that the global market for kyphoplasty will reach USD 1.47 billion in 2019 growing at a CAGR of 11.7% from 2013 to 2019.
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The United States currently leads the minimally invasive VCF repair market, owing to the early bird advantage rendered by the first launch of innovative products in the country. Growth drivers in the North American minimally invasive VCF repair market include existence of well-defined reimbursement policies, supportive economic base particularly in terms of medical reimbursement, high awareness about VCF conditions and the treatments available. However, countries such as China, Japan, Korea, Australia and India are observed to be potentially emerging markets with higher aging population, development of healthcare infrastructure, high prevalence of osteoporosis and rise in general awareness about healthcare. Countries such as Brazil, Mexico and Argentina are some of the lucrative markets in the Rest of the World.
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The global minimally invasive VCF repair market is highly consolidated in nature with companies like Medtronic, Inc. dominating the market with more than 80% of the market share. Some of the other key market players operating in this market include Alphatec Spine, Inc., CareFusion Corporation, Cook Medical, Inc., DFine, Inc., Zimmer Holdings, Globus Medical, Inc. and DePuySynthes, Inc.