Vertebral Body Replacement (VBR) Systems Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Vertebral Body Replacement (VBR) Systems Market Report Overview
The vertebral body replacement (VBR) systems market was valued at $369.1 million in 2023. The VBR systems market will grow at a CAGR of more than 3% from 2023 to 2033. VBR systems are designed to replace the vertebral body in the cervical or thoraco-lumbar spine in patients suffering from collapsed, damaged, or unstable vertebral bodies due to trauma and/or tumor.
VBR Systems Market Outlook 2023-2033 ($ Million)
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The VBR systems market research report explains the market behavior, which will help identify quantitative market trends within the orthopedic devices therapeutic area. The report has extensively covered region-wise quantitative data, highlighting the adoption of VBR systems across labs, which will help in identifying untapped market opportunities. The model also discusses the detailed impact of COVID-19 on the VBR Systems market for 2020 and beyond.
Market Size (2023) | $369.1 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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VBR Systems Market Dynamics
The VBR systems market is mainly driven by the aging population where there is an increasing patient pool of Osteoporosis and a higher scope for Spinal Fractures, degenerative disc disease, spinal deformity, other Traumatic conditions, and Spinal metastases. VBR systems enhance the patient’s functional ability. The market has a high growth potential despite a high preference for minimally invasive procedures, due to its ability to
eliminate the risk of immediate load bearing and provide long-term functional results. The availability of different configurations as per the patient’s need is also appealing to spine/neurosurgeons opting for VBR systems.
VBR Systems Market Segmentation by Regions
The key regions in the VBR Systems market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, North America had the largest share of the VBR systems market and is expected to retain its position throughout the forecast period.
The market will be driven by the growing aging population susceptible to Osteoporosis. Factors such as back pain, degenerative disc disease, spinal deformity, and other traumatic conditions due to changes in lifestyle will also impact the market’s growth over the forecast period.
VBR Systems Market Analysis by Regions, 2023 (%)
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VBR Systems Market Segmentation by Segments
Based on the site of the surgery the VBR systems can be categorized into cervical VBR systems and thoraco-lumbar VBR systems. In 2023, the thoraco-lumbar vertebral body replacement systems dominated the VBR systems market share. The segment will continue to retain its market dominance during the projected period. The thoraco-Lumbar VBR system is used in the thoraco-lumbar spine (T1-L5) to replace a collapsed, damaged, or unstable vertebral body due to a tumor or trauma.
VBR Systems Market Analysis by Segments, 2023 (%)
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VBR Systems Market – Competitive Landscape
The key companies in the VBR Systems market are Globus Medical Inc., Medtronic Plc, Stryker Corp, ZimVie Inc., and DePuy Synthes Inc. among others. In 2023, Medtronic Plc accounted for the highest VBR Systems market share and value.
VBR Systems Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report
VBR 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:
Currently marketed VBR Systems market and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total VBR Systems market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the VBR Systems market.
- Competitive dynamics insights and trends provided for the VBR Systems market.
Understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with 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. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
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, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for
- CMO executives must have a deep understanding of the VBR Systems marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
- Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
- Understand the impact of COVID-19 on VBR Systems.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving VBR Systems.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the VBR Systems market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific VBR Systems market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Frequently asked questions
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What was the VBR systems market size in 2023?
The VBR systems market size was $369.1 million in 2023.
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What will the CAGR in the VBR systems market be from 2023 to 2033?
The VBR systems market will grow at a CAGR of more than 3% from 2023 to 2033.
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Which region dominated the VBR systems market in 2023?
North America accounted for the highest share of the VBR systems market in 2023.
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Which are the key companies operating in the VBR systems market?
The key companies in the VBR systems market are Medtronic Plc, DePuy Synthes Inc., Stryker Corp, Globus Medical Inc., and Others.
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