Vertebral Compression Fracture Devices Market: Snapshot
The increasing number of geriatric population, coupled with the rising cases of joint inflammation and osteoporosis among them are estimated to be the key factors boosting the growth of the vertebral compression fracture devices market during 2020-2030. Vertebral compression fracture occurs when a block occurs in a specific part of the spine or any particular bone in the body. This block is mainly caused due to a compression that results out of any trauma.
Other factors aiding to the expansion of this market include increasing cases of back pain among both the adults and the elderly population, increasing cases of arthritis, short recovery period, short hospital stay, cost efficient treatment price.
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The report describes the market for vertebral compression fracture devices in details. It emphasizes on the list of players functioning in this market and the key strategies adopted by them to gain a competitive edge in the market. The report is also based on factors boosting, repelling, challenging, and creating opportunities for the market. An elaborate overview of TMRs (Trends, Manufacturers, and Regions) in relation to the vertebral compression fracture devices market is reflected in the report.
Vertebral Compression Fracture Devices Market: Competitive Analysis
Major players of the market are Cook Medical Inc., Orthofix Interventional N.V., Biomet, Inc., CareFusion Corporation, Medtronic Inc., DePuy Synthes, Pioneer Surgical Technology, Alphatec Spine, Inc., and Amedica Corporation (AMDA), Orthovita, Inc.
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Companies are focusing on strategies such as improving the medical infrastructure, merger and acquisition, gaining product approval for their latest innovations, and others. For instance, for the treatment of spinal cracks, Zavation launched a product ZVPlasty in October 2014 for patients requiring vertebroplasty or kyphoplasty in the lumbar or thoriac areas.
Vertebral Compression Fracture Devices Market: Regional Highlights
North America is holding the dominant position in the market and in close competition with Europe. This dominance is attributable to the rise in geriatric population, coupled with the presence of government supported reimbursement policies.
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On the other side, the market in Asia Pacific is likely to witness significant growth rates on account of increasing adoption of latest and innovative medical technology, rapid popularity of medical travel industry, and the improvement witnessed in the healthcare and medical infrastructure in developing nations such as India, China, Japan, and other South-Asian nations.
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