Orthopedic Devices are used to treat the disorders and injuries of the musculoskeletal system of human body. Spinal Surgery includes devices used in the surgical treatment of degenerative disc diseases, intra-vertebral fractures and scoliosis. Vertebral Compression Fracture (VCF) Repair Devices are a set of surgical devices used to perform minimally invasive surgical interventions in patients suffering from vertebral compression fractures. GlobalData uses proprietary data and analytics to provide a comprehensive report on the vertebral compression fracture repair devices market in South Korea. Buy the latest report here.
In 2023, GlobalData’s Market Model methodology determined that the leading player in the vertebral compression fracture repair devices market in South Korea was Medtronic followed by Stryker, DePuy Synthes and Globus Medical.
Understanding market size can be crucial to evaluate opportunities and make informed decisions about market entry and exit. Medical device companies can identify attractive segments in respective markets as well as develop marketing strategies based on forecasts for those segments.
The minimally invasive surgical interventions that utilize VCF repair devices are known as vertebroplasty and kyphoplasty interventions. Vertebroplasty is the injection of bone cement into the vertebral body to relieve pain or stabilize fractured vertebrae. Similar to Vertebroplasty, Kyphoplasty injects a bone cement into the vertebrae but with the additional step of creating space to enable use of a balloon-like device (balloon vertebroplasty). Kyphoplasty, also known as balloon kyphoplasty, involves inflation of a balloon to create a cavity for the bone cement in fractured and compressed bone. Vertebroplasty devices are used to perform percutaneous vertebroplasty interventions in patients who do not respond to conservative treatment and continue to suffer from severe pain as a result of vertebral compression fractures.
The vertebral compression fracture repair devices market in South Korea can expand or contract due to a variety of reasons including population demographics, disease incidence and prevalence, macroeconomic issues, and geopolitical considerations. Disruption to a market could be caused by a sudden, unexpected change in these factors, but it could also be driven by changes in clinical practice, leading to a change in diagnosis or treatment of patients, as part of a process to generally improve medical practice.
For the latest analysis of the market size vertebral compression fracture repair devices in South Korea, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.
