Press release
What's Driving the Vertebroplasty Needles Market 2025-2034: Spine Injuries Fueling Growth In Vertebroplasty Needle Market
"What Are the Projections for the Size and Growth Rate of the Vertebroplasty Needles Market?In recent times, there has been significant growth in the size of the vertebroplasty needles market. It's projected to expand from a $1 billion value in 2024 to an estimated $1.13 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 13.0%. This substantial growth during the historic period can be attributed to factors such as an aging demographic, the progression of minimally invasive procedures, increasing awareness, higher healthcare spending, the broadening of healthcare infrastructure, and government backing and funding.
Predictions indicate a swift expansion of the vertebroplasty needles market in the coming years, with its size potentially reaching $1.81 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.7%. This projected increase during the forecast period is expected due to various factors including the rising cases of osteoporosis, the preference towards less intrusive surgical procedures, the growth potential in developing markets, an aging demographic worldwide, increasing expenditure in healthcare, and augmented professional training. Noteworthy trends during the forecast period include the incorporation of technology, innovative needle designs, application of AI and machine learning, personalized healthcare approaches, telemedicine integration, employment of robotics and automation, and strategies towards sustainability.
What Are the Main Catalysts for Growth in the Vertebroplasty Needles Market?
The vertebroplasty needles market is set to experience increased growth due to the rising incidence of spine injuries. Such injuries include any harm or trauma inflicted on the spinal cord, vertebrae, and surrounding tissues, causing pain, mobility issues, or even paralysis. The surge in spinal injuries can be attributed to factors like an aging demographic, a boost in sports participation, and a high incidence of car crashes. Vertebroplasty needles are key to managing these injuries as they allow for precise injection of bone cement into the fractured vertebrae, helping to relieve pain and restore strength to the spine. For instance, data by the US-based organization specializing in spinal cord injury care, the Spinal Injuries Association, showed that in May 2024, there were about 4,400 new spinal cord injury cases annually in the UK. This equates to an individual getting paralyzed every two hours, leading to an estimated total of 105,000 cases of spinal cord injuries in 2024. Consequently, this spike in spinal injuries is propelling the vertebroplasty needles market.
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Which Businesses Are at the Forefront of Vertebroplasty Needles Market Development?
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 Latest Innovations in the Vertebroplasty Needles Market?
Firms in the vertebroplasty needles market, such as RevBio, are concentrating their efforts on the invention of groundbreaking technologies including regenerative biomaterials to boost the efficiency of spinal procedures, enhance patient results, and minimize recovery duration. Essentially, regenerative biomaterials are specially designed materials that aid in repairing and regenerating damaged tissues by emulating the natural extracellular matrix. To illustrate, RevBio, a clinical-stage medical device company based in the United States, initiated an experiment in November 2022 to examine the performance of its regenerative biomaterial named Tetranite. This injectable bone adhesive has a profound role in vertebroplasty and associated processes as it has the ability to glue bone fragments together and fill in gaps, thus providing immediate stability during the healing phase. This function is vital in vertebroplasty as stabilizing fractured vertebrae is the key to recovery.
How Is the Vertebroplasty Needles Market Segmented?
The vertebroplasty needles market covered in this report is segmented -
1) By Type: 2.5x100, 2.5x130, 3.2x100, 3.2x130
2) By Product Type: Bone Cement Needles, Aspiration Needles
3) By Procedure Type: Percutaneous Vertebroplasty, Kyphoplasty
Subsegments
1) By 2.5x100: Single Use 2.5x100 Needle, Reusable 2.5x100 Needle
2) By 2.5x130: Single Use 2.5x130 Needle, Reusable 2.5x130 Needle
3) By 3.2x100: Single Use 3.2x100 Needle, Reusable 3.2x100 Needle
4) By 3.2x130: Single Use 3.2x130 Needle, Reusable 3.2x130 Needle
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Where Is the Vertebroplasty Needles Market Growth Most Prominent?
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.
What Is Covered In The Vertebroplasty Needles Global Market Report?
- Market Size Analysis: Analyze the Vertebroplasty Needles Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Vertebroplasty Needles Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Vertebroplasty Needles Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Vertebroplasty Needles Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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