Vertebroplasty Needles Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What fueled the previous growth in the vertebroplasty needles market?
In recent years, the market size for vertebroplasty needles has seen a rapid expansion. The market which stood at $1 billion in 2024 is forecasted to rise to $1.13 billion in 2025, with a compound annual growth rate (CAGR) of 13.0%. The significant growth during the historic period was due to several contributing factors such as the increase in the elderly population, the advancement in minimally invasive procedures, greater public awareness, increased health care spending, the development of healthcare facilities, and the government’s backing and funding.
What will be the vertebroplasty needles market size in the future?
The market for vertebroplasty needles is anticipated to experience a significant expansion in the coming years, with its value expected to reach $1.81 billion in 2029, reflecting a compound annual growth rate (CAGR) of 12.7%. This projected expansion during the forecast period can be credited to factors such as the rising prevalence of osteoporosis, an increased affinity for minimally invasive procedures, growth in developing markets, an aging global populace, escalating healthcare expenditures, and the rise in professional training. Key trends expected during the forecast period encompass technological integration, needle design innovation, the application of AI and machine learning, personalized medical treatment, integration of telemedicine, incorporation of robotics and automation, and initiatives towards sustainability.
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What main drivers are fueling expansion in the vertebroplasty needles market?
The upswing in spine injury occurrences is anticipated to fuel the expansion of the market for vertebroplasty needles. Spine injuries, which encompasses harm to the spinal cord, vertebrae, or nearby tissues possibly resulting in pain, mobility reduction, or paralysis, are escalating. Aging populations, higher involvement in sports, and the commonality of vehicle accidents are contributing factors to this rise. Vertebroplasty needles play a critical role in fortifying spine injuries by accurately injecting bone cement into fractured vertebrae to relieve pain and revitalize vertebral strength. For example, in May 2024, the US-based Spinal Injuries Association, an expert organization in spinal cord injury care, reported roughly 4,400 new spinal cord injury cases annually in the UK. This means someone becomes paralyzed every two hours, amounting to a projected total prevalence of 105,000 spinal cord injuries in 2024. Hence, the rising rate of spine injuries is propelling the vertebroplasty needles market.
What key areas define the segmentation of the global vertebroplasty needles market?
The vertebroplasty needles market covered in this report is segmented –
1) By Type: 2.5×100, 2.5×130, 3.2×100, 3.2×130
2) By Product Type: Bone Cement Needles, Aspiration Needles
3) By Procedure Type: Percutaneous Vertebroplasty, Kyphoplasty
Subsegments
1) By 2.5×100: Single Use 2.5×100 Needle, Reusable 2.5×100 Needle
2) By 2.5×130: Single Use 2.5×130 Needle, Reusable 2.5×130 Needle
3) By 3.2×100: Single Use 3.2×100 Needle, Reusable 3.2×100 Needle
4) By 3.2×130: Single Use 3.2×130 Needle, Reusable 3.2×130 Needle
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Who are the key players steering the development of the vertebroplasty needles market?
Major companies operating in the vertebroplasty needles market are Medtronic plc, Becton Dickinson and Company, Stryker Corporation, DePuy Synthes Inc, Cook Medical LLC, Merit Medical Systems Inc., Globus Medical Inc., Argon Medical Devices Inc., Amplitude Surgical SAS, OptiMed GmbH, Tecres S.p.A, Zavation Medical Products LLC, Auxein Medical Pvt Ltd, Captiva Spine Inc., Laurane Medical LLC, Osseon Technologies, Adroit Manufacturing Co., BIOPSYBELL S.R.L., Surtech Medical Inc., TAEYEON Medical Co. Ltd., Teknimed S A S
What are the key trends shaping the future of the vertebroplasty needles market?
Key players in the vertebroplasty needles market are increasingly focusing on the development of groundbreaking technologies, one notable example being regenerative biomaterials. These new techniques are designed to increase the effectiveness of spinal treatments, optimize patients’ results, and decrease the amount of time it takes for recovery. Regenerative biomaterials are specifically designed to facilitate the healing and regeneration of damaged tissues, replicating the environment of the natural extracellular matrix. To illustrate, in November 2022, RevBio, an American clinical-stage medical device company, commenced an experiment exploring the potential of its regenerative biomaterial, Tetranite. This injectable bone adhesive, which bears significant relevance to vertebroplasty and other related procedures, is capable of bonding bone fragments and filling voids, granting immediate stability throughout the healing period. This particularly plays a crucial role in the procedure of vertebroplasty, wherein the stabilization of fractured vertebrae is fundamentally critical for successful recovery.
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What regions are contributing significantly to the growth of the vertebroplasty needles market?
North America was the largest region in the vertebroplasty needles market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vertebroplasty needles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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