Vertebral Augmentation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Vertebral Augmentation Market is segmented by Product (Vertebroplastic Device, Kyphoplastic Device), by End-User, by Geography.

Market Snapshot

vertebral-augmentation-market_Market Summary
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.2 %

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Market Overview

The major factors attributing to the growth of the market are, the rising geriatric population, increasing the incidence of injuries to the spine due to sports, adventures, and accidents. According to the World Health Organization(WHO), the number of people with spinal cord injury, living in the United States is currently estimated to be approximately 288,000 persons. As per the statistics, the increasing patient pool increases market growth. The other important factor propelling market growth is the increasing geriatric population who are prone to such injuries. However, the high cost of the vertebral augmentation is the major drawback for market growth.

Scope of the Report

As per the scope of the report vertebral augmentation is minimally invasive, image guided surgical method for curing the 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.

By Product
Vertebroplastic Device
Kyphoplastic Device
By End-User
Hospitals
Ambulatory Surgery Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Kyphoplasty Segment is expected to be the Fastest Growing Segment During the Forecast Period

The kyphoplasty surgical procedure is intended to end the pain caused by a spinal fracture, to stabilize the bone, and to restore some or all of the lost vertebral body height due to the compression fracture. Also, there is a rising geriatric population which is boosting the growth of the market for instance, according to the US Census Bureau’s Statistics, as of 2017, the number of people aged 65 years and above exceeded 50 million, and between 2020-2030, the number of elderly people is projected to increase by almost 18 million, leading to a huge demand for long-term care facilities and software subsequently.

The segment is anticipated to grow at a higher CAGR in the forecast period due to its advantages such as better pain relief, fewer difficulties, and a rise in awareness about its advantages. The market growth of the segment is directly proportional to the increasing number of spinal injuries and the geriatric population.

Geriatric Population.png

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall vertebral augmentation market, throughout the forecast period. The market growth is due to factors such as the high prevalence of spinal injury patients in the region, established healthcare infrastructure are some of the key factors accountable for its large share in the market. Furthermore, beneficial government initiatives and technological advancements in the region are some of the drivers expected to increase market growth.

Vertebral Augmentation Market 2

Competitive Landscape

The Vertebral augmentation market is highly competitive and consists of a few major players. Some of the companies which are currently dominating the market are Medtronic, Johnson & Johnson, Stryker Corporation, Globus Medical, Inc., Merit Medical Systems, Inc., BMK Global Medical Company, IZI Medical Products, Zavation, and RONTIS.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Incidence of Injuries due to Accidents, Sports

      2. 4.2.2 Rising Geriatric Population

      3. 4.2.3 Rise in Adoption of Advanced Technology Products

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of the Surgeries

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Vertebroplastic Device

      2. 5.1.2 Kyphoplastic Device

    2. 5.2 By End-User

      1. 5.2.1 Hospitals

      2. 5.2.2 Ambulatory Surgery Centers

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic Plc

      2. 6.1.2 Johnson & Johnson

      3. 6.1.3 Alphatec Spine, Inc.

      4. 6.1.4 Stryker Corporation

      5. 6.1.5 Globus Medical, Inc.

      6. 6.1.6 Merit Medical Systems, Inc.

      7. 6.1.7 BMK Global Medical Company

      8. 6.1.8 IZI Medical Products, LLC

      9. 6.1.9 RONTIS

      10. 6.1.10 Zavation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Vertebral Augmentation Market market is studied from 2018 - 2026.

The Vertebral Augmentation Market is growing at a CAGR of 4.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Medtronic, Johnson & Johnson, Stryker Corporation, Globus Medical, Inc, Merit Medical Systems, Inc are the major companies operating in Vertebral Augmentation Market.

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