Vertebral Body Replacement Systems Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Vertebral Body Replacement Systems Market Report Overview
The vertebral body replacement systems market size was $375.4 million in 2023. The market will witness growth at a CAGR of more than 3% from 2023 to 2033.
Decompression of the spinal cord and nerves which is a result of bone fractures and dislocation of bones, all kinds of tumors like primary & metastatic tumors, and benign & malignant tumors are the leading causes for treatments necessitating the use of vertebral body replacement (VBR) systems. Although these prevalences vary globally, usage of VBR Devices is universally impacted by the aging population.
Vertebral Body Replacement Systems Market Outlook 2023-2033 ($ Million)
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The vertebral body replacement systems market research report identifies quantitative market trends within orthopedic device therapeutic areas. The report offers regional quantitative and qualitative data highlighting the sales in major markets. The model also covers in detail the effects of COVID-19 on the vertebral body replacement systems market for 2020 and beyond. Furthermore, the report provides vertebral body replacement systems market share by company that will help in identifying untapped market opportunities.
Market Size (2023) | $375.4 million |
CAGR (2023-2033) | >3% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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Vertebral Body Replacement Systems Market Segments
The key segments in the vertebral body replacement systems market are cervical vertebral body replacement systems and thoraco-lumbar vertebral body replacement systems. In 2023, thoraco-lumbar vertebral body replacement systems was the leading segment of the vertebral body replacement systems market.
Vertebral Body Replacement Systems Market Analysis by Segments, 2023 (%)
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Regional Analysis of Vertebral Body Replacement Systems Market
The key regions in the Vertebral body replacement systems market are Asia-Pacific, Europe, the Middle East, and Africa. North America and South and Central America are other leading regional markets. In 2023, the North American Vertebral body replacement systems market was the leading regional segment.
The region will retain its market dominance during the projected period. The market for vertebral body replacement systems in the US, Canada, and Mexico will experience a relatively higher preference for thoraco-lumbar VBR systems when compared to cervical VBR systems.
The US, Canada, and Mexico both have large elderly populations, with approximately 35%, 40%, and 20% of their respective inhabitants being aged 50 years or older. These aging populations not only boost the size of the current vertebral body replacement systems market but also provide strong potential for growth.
Vertebral Body Replacement Systems Market Analysis by Regions, 2023 (%)
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Vertebral Body Replacement Systems Market – Competitive Landscape
In 2023, Medtronic’s vertebral body replacement systems market share was the highest
The major players in the vertebral body replacement systems market are:
- Medtronic Plc
- Globus Medical Inc
- Stryker Corp
- ZimVie Inc
- Johnson & Johnson
Medtronic Plc leads the market for VBR Systems by implementing strategies like the innovation of newer and minimally invasive therapies. The company aims to penetrate new and emerging markets by offering new services and solutions for efficient outcomes, adapting to the latest technologies in the market, and establishing collaborative agreements with institutions.
Vertebral Body Replacement Systems Market Analysis by Companies, 2023 (%)
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Vertebral Body Replacement Systems Market Dynamics
- Drivers: Amongst the indications driving the market for vertebral body replacement, the most common ailment is back pain the others include degenerative disc disease, spinal deformity, and change in lifestyle. Also, the increasing aging population which results in an increasing Osteoporotic patient pool can be a market driver as this is a primary cause of spinal fractures.
- Barriers: A high preference for minimally invasive procedures is a potential market restraint for this market.
- Future Outlook: Vertebral body replacement systems have a rising prevalence rate despite a high preference for minimally invasive procedures as they eliminate the risk of immediate load bearing and aim to provide long-term functional results. Furthermore, the availability of different configurations suiting the needs of the patients will act as a major factor for the spine/neuro surgeons to opt for VBR systems.
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Segments Covered in this Report.
Vertebral Body Replacement Systems Segment Outlook ($ Million, 2015-2033)
- Cervical Vertebral Body Replacement Systems
- Thoraco-Lumbar Vertebral Body Replacement Systems
Vertebral Body Replacement Systems Regional Outlook ($ Million, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are:
The Vertebral body replacement systems market research report includes an insightful review of the key industry trends.
- The Vertebral body replacement systems market report offers an annualized market revenue by segment and market outlooks from 2015-2033.
- The report also includes market-level data on units, average selling prices, and market values.
Regional, Country, and Global Vertebral Body Replacement Systems Market Insights:
- The Vertebral body replacement systems market share report offers qualitative insights on global and regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- Vertebral body replacement systems market SWOT analysis.
- The report provides trends and Vertebral body replacement systems market competitive dynamics.
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Learn about consumer behavior through the detailed overview of segments and the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. These syndicated models include demand and supply-side primary sources including Key opinion leaders. In addition, determine market trends through real-world data sources including databases of government procedures and hospital purchasing.
Companies Covered: Medtronic Plc, DePuy Synthes Inc, ZimVie Inc, Stryker Corp, Globus Medical Inc, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, and others.
Scope
- Extensive coverage of the vertebral body replacement systems market under development.
- An exhaustive list of major pipeline products and their details, including product description, licensing and collaboration details, and other developmental activities.
- Reviews of major players involved in the development of the vertebral body replacement systems market and lists all their pipeline projects.
- Coverage of pipeline products based on various stages of development ranging from early development to approved/issued stage.
- Key clinical trial data of ongoing clinical trials specific to pipeline products.
- Recent developments in the segment/industry.
Reasons to Buy
- Understand the COVID-19 impact on vertebral body replacement systems.
- Design your licensing strategies through a review of products, technologies, and companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving Vertebral body replacement systems.
- Understand the trends, innovative product launches, technologies, segments, and companies that will impact the market in the future.
- Formulate effective sales and marketing strategies with a detailed evaluation of vertebral body replacement systems market share by company. Identify strong competitors and create winning strategies to stand out in the global vertebral body replacement systems market.
- Track regional Vertebral body replacement systems market sales as well as country-specific transactions from 2015-2033.
- Organize your sales and marketing efforts by identifying the global vertebral body replacement systems market segments that present maximum opportunities. Such details will help to make investments and strategic partnerships.
Frequently asked questions
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What was the vertebral body replacement systems market size in 2023?
The size of the vertebral body replacement systems market was $375.4 million in 2023.
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What will the CAGR of the vertebral body replacement systems market be during 2023-2033?
The vertebral body replacement systems will grow at a CAGR of more than 3% during 2023-2033.
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Which was the key segment in the vertebral body replacement systems market in 2023?
The key segment of the vertebral body replacement systems market was the thoraco-lumbar vertebral body replacement systems in 2023.
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Which region held the largest share of the vertebral body replacement systems market in 2023?
North America was the largest regional market for vertebral body replacement systems in 2023.
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Which are the leading players in the vertebral body replacement systems market?
The leading Vertebral body replacement systems market companies are Medtronic Plc, Globus Medical Inc, Stryker Corp, ZimVie Inc, and Johnson & Johnson, and Others.
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