Vertebral Augmentation Market Size and Forecast (2024-2028)

The vertebral augmentation market size is projected to increase by USD 568.5 billion at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2028.

This market growth is driven by various factors, such as the increasing aging population, rising prevalence of vertebral compression fractures, and the growing availability of reimbursements for these procedures. These factors contribute to the increasing accessibility of vertebral augmentation for patients in need of treatment. Additionally, alternative medications for treating vertebral compression fractures have led some patients to choose minimally invasive options like vertebral augmentation. While the market has room for expansion, challenges such as high procedure costs and the need for specialized surgeon training and equipment may limit growth in certain regions.

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Key Segments and Subsegments

Product Segment

• Vertebroplastic Device
• Kyphoplastic Device

Geography Segment

• North America
  • United States
• Europe
  • Germany
  • United Kingdom
• Asia
  • China
  • Japan
• Rest of the World (ROW)

Regional Market Trends

• North America: Dominates the vertebral augmentation market, accounting for 37% of the global market share during the forecast period. Factors contributing to this dominance include the high prevalence of spinal disorders such as osteoporosis, a well-established healthcare infrastructure, and an aging population. In the U.S., over 1.2 million spinal surgeries are performed annually, which boosts the demand for vertebral augmentation procedures.

• Europe: Particularly in Germany and the UK, the market sees steady growth driven by advanced healthcare facilities and increasing adoption of minimally invasive procedures.

• Asia: Markets in China and Japan show a growing adoption of vertebral augmentation as healthcare infrastructure improves and aging populations require more spinal treatments.

Market Dynamics: Drivers, Trends, and Challenges

Drivers

1. Rising Geriatric Population: The geriatric population is a key driver, as age-related declines in musculoskeletal and neurological function contribute to spinal disorders, increasing the demand for vertebral augmentation procedures.

2. Technological Advancements: The use of advanced devices such as PVA (Polyvinyl Alcohol) POD systems and KhPhon bone cement is improving the efficiency and effectiveness of vertebral augmentation, driving market demand.

Trends

1. Increased Availability of Reimbursements: The favorable reimbursement landscape, especially in the U.S. due to the Affordable Care Act, has made vertebral augmentation procedures more accessible, driving market growth.

2. Minimally Invasive Procedures: Growing popularity of minimally invasive procedures like percutaneous kyphoplasty (PKP) and percutaneous vertebroplasty is fueling the demand for vertebral augmentation. These techniques offer reduced recovery times and fewer complications compared to traditional spine surgeries.

Challenges

1. Availability of Alternative Medication: Competing with opioid analgesic medications and other interventional pain therapies, which are more affordable and non-invasive, poses a challenge to the growth of the vertebral augmentation market.

2. High Costs: The cost of vertebral augmentation procedures, including the need for specialized surgeon training and equipment, is a key factor limiting market expansion in some regions.

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Key Players in the Vertebral Augmentation Market

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

Recent Developments

• February 2023: Becton Dickinson and Co. launched its AVAmax vertebral augmentation system, which includes innovative 8 and 10-gauge vertebral balloons for precise bone cement placement, helping to restore vertebral body height and stability in patients with vertebral compression fractures.