Vertebral Augmentation Market by Product and Geography - Forecast and Analysis 2022-2026

According to Technavio's analyst, the vertebral augmentation market size is expected to be valued at USD 756.67 million by 2026 with a progressing CAGR of 5.8%.

This vertebral augmentation market research report extensively covers vertebral augmentation market segmentation by:

• Product - Vertebroplastic device and Kyphoplastic device
• Geography - North America, Europe, Asia, and Rest of World (ROW)

The vertebral augmentation market report also offers information on several market vendors, including Becton Dickinson and Co., Benvenue Medical Inc., BIOPSYBELL Srl, G21 Srl, Globus Medical Inc., IZI Medical Products, Johnson and Johnson, Medtronic Plc, Merit Medical Systems Inc., RONTIS AG, Spine Wave Inc., Stryker Corp., Tecres Spa, Tsunami Medical Srl, and Zavation Medical Products LLC among others.

What will the Vertebral Augmentation Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Vertebral Augmentation Market Size for the Forecast Period and Other Important Statistics

 

Vertebral Augmentation Market: Key Drivers, Trends, and Challenges

The rising geriatric population is notably driving the vertebral augmentation market growth, although factors such as the availability of alternate medication options may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vertebral augmentation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Vertebral Augmentation Market Driver

• One of the key factors driving growth in the vertebral augmentation market is the rising geriatric population.
• The number of people aged 60 and above is anticipated to increase from 1 billion in 2020 to 1.4 billion by 2050. Because of age-related declines in musculoskeletal function, neurological function, and bone flexibility, injuries become more common due to the increasing geriatric population.
• Injuries to the spinal cord are also on the rise, owing in part to the aging population. When the cushioning in the spine begins to wear away, degenerative disc diseases develop. The illness mostly affects older people.
• Most people experience some spinal degeneration beyond the age of 40. Pain alleviation and better mobility can be achieved with the correct treatment. Such factors are expected to contribute to the global vertebral augmentation market growth.

Key Vertebral Augmentation Market Trend

• The availability of reimbursements is a vertebral augmentation market trend that is expected to have a positive impact in the coming years.
• Various innovations in the US healthcare system, such as the Affordable Care Act (Obamacare), provide medical insurance coverage to more people. Patients with back pain can now benefit from minimally invasive surgeries such as kyphoplasty and vertebroplasty.
• The method has also been used in Argentina, Brazil, and Mexico, despite the lack of comprehensive reimbursement in these countries. 
• Reimbursement policies for spine pain management procedures are also well-established in Europe. 
• In APAC, the reimbursement coverage for interventional spine has improved significantly over the last few years. Countries such as Japan, Australia, and China have structured nationalizing policies for the minimally invasive interventional spine.
• The favorable reimbursement scenario, along with the increase in the elderly population, is expected to drive the adoption rates in APAC. Therefore, increasing reimbursements in key regions worldwide are anticipated to drive the global vertebral augmentation market growth.

Key Vertebral Augmentation Market Challenge

• The availability of alternate medication options will be a major challenge for the vertebral augmentation market during the forecast period.
• The most common alternative treatment choices for vertebral augmentation treatments are opioid analgesic medications.
• Despite the fact that the devices are more effective and safer than medications, they are still less prevalent.
• The inexpensive cost of medications and their non-invasive nature are cited as reasons for the demand for medications. Furthermore, the emergence of novel drug delivery systems and enhanced medications in the pipeline negatively affect the demand for vertebral augmentation devices.
• Alternative therapies such as Ayurveda, yoga, and physiotherapy are popular in APAC for chronic pain management.
• Many healthcare organizations have advocated these therapy procedures as preventive measures in recent years. Thus, these factors are expected to hinder the growth of the global vertebral augmentation market.

This vertebral augmentation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global vertebral augmentation market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the vertebral augmentation market during the forecast period.

Who are the Major Vertebral Augmentation Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Becton Dickinson and Co.
• Benvenue Medical Inc.
• BIOPSYBELL Srl
• G21 Srl
• Globus Medical Inc.
• IZI Medical Products
• Johnson and Johnson
• Medtronic Plc
• Merit Medical Systems Inc.
• RONTIS AG
• Spine Wave Inc.
• Stryker Corp.
• Tecres Spa
• Tsunami Medical Srl
• Zavation Medical Products LLC

 

This statistical study of the vertebral augmentation market encompasses successful business strategies deployed by the key vendors. The vertebral augmentation market is fragmented and the vendors are deploying growth strategies such as focusing on developing highly innovative, safe, and effective devices for reliable results to compete in the market.

Product Insights and News

• Becton Dickinson and Co. - Becton Dickinson and Co. is a public company headquartered in US. It is a global company generating $20,248 million in revenues and has around 75,000 employees. Its revenue from the global vertebral augmentation market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• Becton Dickinson and Co. - The company offers vertebral augmentation system namely AVAmax which has 8 and 10 gauge vertebral balloon. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The vertebral augmentation market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Vertebral Augmentation Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the vertebral augmentation market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Vertebral Augmentation Market?

For more insights on the market share of various regions Request for a FREE sample now!

44% of the market's growth will originate from North America during the forecast period. The US is key market for vertebral augmentation in North America. Market growth in this region will be faster than the growth of the market in the European and ROW regions.

The high prevalence of spinal injury among people in the region and established healthcare infrastructure will facilitate the vertebral augmentation market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 negatively affected all countries in North America, especially the US. It had a mixed impact on the vertebral augmentation market in the region in 2020. However, in 2021, the COVID-19-related restrictions in various countries were lifted due to the large-scale vaccination drives, which led to the resumption of business activities and essential services, including the treatment of orthopedic conditions using vertebral augmentation devices.

What are the Revenue-generating Product Segments in the Vertebral Augmentation Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The vertebral augmentation market share growth by the vertebroplastic device segment will be significant during the forecast period. Vertebroplasty is a minimally invasive surgical procedure done through a small puncture in the skin on the posterior side of the back instead of an open incision for the treatment of painful vertebral compression fractures (VCFs). The advantages of vertebroplasty include: rapid and sustained pain relief, low complication rate, increased mobility, and improved quality of life. Such factors are expected to contribute to segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the vertebral augmentation market size and actionable market insights on post COVID-19 impact on each segment.

 

Vertebral Augmentation Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.8%
Market growth 2022-2026	$ 756.67 million
Market structure	Fragmented
YoY growth (%)	4.57
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 44%
Key consumer countries	US, Germany, UK, Japan, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Becton Dickinson and Co., Benvenue Medical Inc., BIOPSYBELL Srl, G21 Srl, Globus Medical Inc., IZI Medical Products, Johnson and Johnson, Medtronic Plc, Merit Medical Systems Inc., RONTIS AG, Spine Wave Inc., Stryker Corp., Tecres Spa, Tsunami Medical Srl, and Zavation Medical Products LLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Vertebral Augmentation Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive vertebral augmentation market growth during the next five years
• Precise estimation of the vertebral augmentation market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the vertebral augmentation industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of vertebral augmentation market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch