Global Vertebroplasty Needles Market, by Types (2.5x100, 2.5x130, 3.2x100, 3.2x130), By Applications (Hospital, Clinic, ASCs, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Vertebroplasty is performed on patients who have severe discomfort that prevents them from doing normal functions, as well as if the pain has lasted more than two months. Vertebroplasty is a procedure that involves putting bone cement into a compression fracture in the spine to provide mechanical strength to the afflicted vertebra.
Data Bridge Market Research analyses that the vertebroplasty needles market which was USD 875.37 million in 2021, would rocket up to USD 2532.33 million by 2029, and is expected to undergo a CAGR of 14.20% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Vertebroplasty needles Analysers, POC Test Kits, Vertebroplasty needles Analyser Kits and Reagents), Application (Basic Metabolite Panel, Liver Function Test, Electrolyte Panel, Kidney Function Test, Lipid Profile, Specialty Chemical Test, Thyroid Profile, Other Biochemical Tests), End User (Hospitals, Pathology Laboratories, Maternity Centres, Outpatient Centres, Clinics)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Stryker (U.S), Adroit Manufacturing Co. (India), DePuy Synthes (U.S), Optimed Health, Inc. (Germany), BD (U.S), Benvenue Medical (U.S), Biopsybell (Italy), Laurane Medical LLC (U.S), Surtech Medical Inc. (India), Osseon Technologies (U.S), Rontis Corporation (Switzerland), Tecres S.p.A (Italy), Teknimed (France)
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Market Opportunities
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Market Definition
Vertebroplasty is a minimally invasive technique that involves injecting a specific cement into a fractured vertebra to rebuild the strength of the collapsed bone and relieve spinal discomfort.
Vertebroplasty Needles Market Dynamics
Drivers
- Increasing in prevalence of spine disorder
The rising prevalence of spine illnesses is fueling demand for vertebroplasty needles. According to a study conducted in the United States, low back discomfort alone affects 80% of the population, while 1% to 2% of the population suffers from low back-related disorders. Increasing back-related problems is leading to growing demand for spine needles.
- Treatment for spine anesthesia
Over the forecast period, demand for spine anaesthesia needles is expected to be fueled by spinal anaesthesia or treatment for spinal nerve blockage. Furthermore, a solid distribution network is one of the most important aspects boosting firm revenues and assuring product penetration.
- Increasing funding for research for medical treatment
According to the International Osteoporosis Foundation, osteoporosis causes more than 8.9 million fractures each year, with women accounting for 58 percent of all spine fractures. The global vertebroplasty needles market is predicted to rise as governments increase funding for research into improved medical treatments and target-specific drug delivery.
Opportunities
Increased demand for needles is being driven by technological improvements in the medical profession, which are increasing the number of treatments conducted for spinal illnesses, malignancies, epidural indications, target-specific drug administration, and other procedures.
Restraints/Challenges
However, raising awareness of needle-free injection technology is expected to hamper revenue growth of the vertebroplasty market over the forecast period.
This vertebroplasty needles market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vertebroplasty needles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In January 2020, Merit Medical Systems announced the launch of Arcadia Steerable and Straight Balloons for vertebral augmentation. This product launch will help Merit Medical Systems to increase its sales in other countries.
Global Vertebroplasty Needles Market Scope
The vertebroplasty needles market is segmented on the basis of type, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- 2.5x100
- 2.5x130
- 3.2x100
- 3.2x130
Distribution Channel
Vertebroplasty Needles Market Regional Analysis/Insights
The vertebroplasty needles market is analysed and market size insights and trends are provided by country, type, and distribution channel as referenced above.
The countries covered in the vertebroplasty needles market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is dominates the market due to pricing pressure is low in this region as presence of majority of major companies or distributors in these region. Furthermore, only approved products are bought, leading to removal of cheaper substitutes in these regions.
Asia-Pacific is expected to witness significant growth as compared to other regions and countries owing to growing incidence of spine related disorders, and growing geriatric population.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Vertebroplasty Needles Market Share Analysis
The vertebroplasty needles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vertebroplasty needles market.
Some of the major players operating in the vertebroplasty needles market are:
- Stryker (U.S)
- Adroit Manufacturing Co. (India)
- DePuy Synthes (U.S)
- Optimed Health, Inc. (Germany)
- BD (U.S)
- Benvenue Medical (U.S)
- Biopsybell (Italy)
- Laurane Medical LLC (U.S)
- Surtech Medical Inc. (India)
- Osseon Technologies (U.S)
- Rontis Corporation (Switzerland)
- Tecres S.p.A (Italy)
- Teknimed (France)
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