Vertebral Augmentation Market Size

Vertebral Augmentation Market Analysis

The vertebral augmentation market is expected to register a CAGR of 4.2% during the forecast period.

• The COVID-19 pandemic has imposed a burden on healthcare systems and intensive care unit (ICU) capacity that has led to the suspension of several procedures, including spine fractures and vertebral surgeries. For instance, according to the research article published in the Geriatric Orthopaedic Surgery and Rehabilitation Journal in April 2022, there have been visible changes in the hospital admissions of patients with vertebral compression fractures (VCF) as compared to the pre-pandemic period.
• In addition, as per the same source, fewer people (38 people in the pandemic as compared to 134 people in the pre-pandemic period) went to the emergency room for VCF during the peak of the COVID-19 pandemic. However, with resumed surgical services and increased road and sports injuries among the population, the studied market is expected to gain traction during the forecast period.
• Factors such as the high prevalence of osteoporosis and injuries due to accidents and sports, the rising geriatric population, as well as technological advancements and ongoing research in the area, are expected to drive the market growth over the forecast period.
• The increasing number of osteoporosis cases among the population is the key factor driving the 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 the number of fractures caused by osteoporosis is anticipated to fuel the demand for kyphoplasty/vertebroplasty procedures, hence propelling market growth.
• Similarly, the growing incidence of sports injuries and accident cases is contributing 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 the data published by the United Kingdom Spinal Injury Association, in July 2021, approximately 2,500 people were injured or diagnosed with spinal cord injuries each year, with an estimated 50,000 people in the United Kingdom living with them.
• Also, as per an article published in PLOS One in June 2022, the five most dangerous sports that cause the most injuries in 2021 are basketball with 2,823 injury cases, American football with 1,719, soccer with 1,289, baseball with 347, and boxing with 247 injury cases. Thus, the high number of road accidents and sport injury cases among the population raises the risk of vertebral fractures, which fuels the demand for vertebroplasty or kyphoplasty procedures, propelling the market growth.
• Furthermore, the increasingly aging population is more prone to develop osteoporosis, raising the risk of vertebral compression fractures causing significant pain and inability to perform daily life activities. 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. For instance, according to the World Health Organization (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.
• Therefore, due to factors such as the high number of road and sports injuries, growing incidences of osteoporosis, the increasing geriatric population, and new product launches, the studied market is anticipated to grow over the forecast period. However, the high cost of surgeries is likely to hinder the market growth over the forecast period.