2012-11-23 10:16:27 - Vertebral Compression Fracture Devices - A Global Strategic Business Report - a new market research report on companiesandmarkets.com
Global market for Vertebral Compression Fracture Devices (VCF) is projected to reach US$1.4 billion by 2015. Growth in the market is driven by strong demographics including an aging population and increasing incidence of osteoporosis. Besides this, the fact that vertebral compression fractures are substantially under-diagnosed unfolds potential market opportunity for manufacturers of VCF devices.
Vertebral compression fracture (VCF) is a form of spinal disorder caused by the fracture of bones in the spinal cord as a result of osteoporosis, cancer, and trauma. These fractures often result in spinal deformity, disability, and acute/chronic pain. Patients suffering from VCF often complain of debilitating pain, decreased intestinal and lung function, and difficulty in performing routine activity, hence resulting in poor quality of life. The
conservative non-surgical procedures include bed rest, pain medication, back bracing, and physiotherapy. Vertebroplasty and kyphoplasty are recent developments in VCF treatment procedures that exhibit potential to achieve immediate pain relief and stability through minimally invasive surgical intervention. These procedures involve injecting cement in the fractured vertebral body. About one third of total vertebral fractures worldwide are considered acute in nature and vertebroplasty and kyphoplasty offer an ideal treatment option. Among the two, kyphoplasty is expected to register faster penetration as the procedure not only offers treatment for osteoporotic fractures but can also be used for stabilizing osteolytic tumors and new vertebral traumatic fractures.
The United States and Europe dominate the world VCF devices market, as stated by the new market research report on Vertebral Compression Fracture Devices. In the United States, annual incidence of osteoporotic vertebral fractures is estimated at 700,000. With rising incidence of osteoporosis with aging population, the need for vertebral compression procedures is also expected to increase. Aging population the world over has been a major factor contributing to the unprecedented growth of VCF devices market. As majority of the conditions affecting the older generation necessitate physical therapy, orthopedic surgery or rehabilitation, the demographics offer vast growth opportunities for the global orthopedic products market, due to conditions such as osteoporosis, arthritis and other degenerative joint diseases coupled with the prevalence of chronic back pain. About 1 in 2 women and 1 in 4 men in the US suffer osteoporosis-related fractures. Osteoporosis accounts for about 85% of the VCF cases. About 8 million women suffer from osteoporosis and about 22 million are at the risk of developing the disease. Asia-Pacific represents the fastest growing market at a CAGR of 12% over the analysis period. Alike other parts of the world, minimally invasive surgery (MIS) has been gaining prominence in Asia. Several nations including Korea, Singapore, India and China are in forefront in adopting MIS technologies.
Technology advancements in the VCF devices market represent another factor driving growth. With improvement in safety and predictability of procedures, the application of minimally invasive surgical intervention for treatment of vertebral compression fractures is expected to expand further. Current innovations are focused on devices that facilitate controlled height restoration and reduce the risk of cement leakage. The inclination is also towards devices that offer lower-pressure injection and offer enhanced control over cement viscosity.
The report titled Vertebral Compression Fracture Devices: A Global Market Report provides a comprehensive review of market trends, key growth drivers, recent product advancements, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Vertebral Compression Fracture Devices market for the following geographic markets - US, Japan, Europe, Asia-Pacific, and Rest of World. Key players profiled in the study include Alphatec Holdings, Inc., ArthroCare Corp., Biomet, Inc., Bonesupport AB, Cook Medical Inc., DePuy Spine Inc., Medtronic Sofamor Danek Inc., and Stryker Corporation.
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