Market Size of Vertebral Augmentation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 4.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Vertebral Augmentation Market Analysis
The Vertebral Augmentation Market is expected to register a CAGR of 4.20% during the forecast period.
Factors such as the high prevalence of osteoporosis and injuries due to accidents and sports, the rising geriatric population, technological advancements, and ongoing research in the area are expected to drive the market's growth over the forecast period.
The increasing number of osteoporosis cases among the population is a key factor driving market growth. For instance, according to the 2022 data published by the International Osteoporosis Foundation, one in three women over 50 years and one in five men are likely to experience osteoporotic fractures in their lifetime. As per the same source, osteoporosis would be responsible for three million fractures, resulting in USD 25.3 billion in costs per year by 2025. Thus, the expected increase in fractures caused by osteoporosis is anticipated to fuel the demand for kyphoplasty/vertebroplasty procedures, propelling market growth.
Similarly, the growing incidence of sports injuries and accidents contributes to a rise in the number of vertebral augmentation procedures globally, which is expected to drive the market over the study period. For instance, according to data published by the United Kingdom Spinal Injury Association in May 2024, approximately 4,400 individuals sustain spinal cord injuries in the United Kingdom each year, contributing to an estimated 105 thousand people currently living with such injuries.
Furthermore, the increasing aging population is more prone to develop osteoporosis, raising the risk of vertebral compression fractures and causing significant pain and inability to perform daily life activities. For instance, according to the World Health Organization’s (WHO) Ageing and Health report in October 2022, the number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. This, in turn, is expected to increase the need for surgical procedures to reduce pain and further collapse the vertebral body, thereby bolstering market growth.
Therefore, the market studied is anticipated to grow over the forecast period due to the high number of road and sports injuries, rising incidences of osteoporosis, the increasing geriatric population, and new product launches. However, the high costs of surgery will likely hinder market growth over the forecast period.
Vertebral Augmentation Industry Segmentation
As per the report's scope, vertebral augmentation is a minimally invasive, image-guided surgical method. It is used for curing vertebral compression fracture and other spinal injuries, which leads to back pain, reduced physical activity, depression, loss of independence, decreased lung capacity, and difficulty sleeping.
The vertebral augmentation market is segmented by product, end user, and geography. By product, the market is segmented into vertebroplastic device and kyphoplastic device. By end user, the market is segmented into hospitals, ambulatory surgery centers, and other end users. The other end users segment includes specialty care centers, orthopedic clinics, and others. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The market report covers the estimated market sizes and trends for 17 countries globally. The report offers the value (in USD) for the above segments.
| By Product | |
| Vertebroplastic Device | |
| Kyphoplastic Device |
| By End User | |
| Hospitals | |
| Ambulatory Surgery Centers | |
| Other End Users |
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Vertebral Augmentation Market Size Summary
The vertebral augmentation market is poised for growth, driven by several key factors including the rising prevalence of osteoporosis, an increase in road and sports injuries, and a growing geriatric population. The market is expected to expand as surgical services resume post-pandemic, addressing the backlog of procedures such as kyphoplasty and vertebroplasty. Technological advancements and ongoing research are further propelling market dynamics, with the kyphoplasty segment anticipated to witness significant growth due to its benefits over traditional methods. The procedure's ability to restore vertebral height and alleviate pain makes it a preferred choice for treating osteoporotic fractures and spinal injuries, thereby boosting market demand.
North America is expected to hold a substantial share of the vertebral augmentation market, supported by a robust healthcare infrastructure and a high burden of osteoporosis and spine injuries. The region's market growth is further bolstered by the introduction of new products and technologies. The prevalence of vertebral compression fractures, particularly among the aging population, underscores the need for augmentation procedures. The market's consolidation is evident with key players like Medtronic, Johnson & Johnson, and Stryker Corporation leading the charge, continuously innovating and expanding their product offerings to meet the growing demand.
Vertebral Augmentation Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 High Prevalence of Osteoporosis and Injuries due to Accidents and Sports
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1.2.2 Rising Geriatric Population
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1.2.3 Technological Advancements and Ongoing Research in the Area
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1.3 Market Restraints
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1.3.1 High Cost of Surgeries
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Product
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2.1.1 Vertebroplastic Device
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2.1.2 Kyphoplastic Device
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2.2 By End User
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2.2.1 Hospitals
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2.2.2 Ambulatory Surgery Centers
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2.2.3 Other End Users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Vertebral Augmentation Market Size FAQs
What is the current Vertebral Augmentation Market size?
The Vertebral Augmentation Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in Vertebral Augmentation Market?
Johnson & Johnson, Stryker Corporation, Globus Medical, Inc, Merit Medical Systems, Inc and Medtronic PLC are the major companies operating in the Vertebral Augmentation Market.
