Market Overview:
The global vertebroplasty and kyphoplasty needles market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing prevalence of spinal disorders, rising geriatric population, and technological advancements in the field of vertebroplasty and kyphoplasty needles. Based on type, the global vertebroplasty and kyphoplasty needles market is segmented into vertebroplasty needle and kyphoplasty needle. The vertroplasy needle segment is expected to account for a larger share of the global market in 2018 owing to its widespread use for performing procedures such as percutaneous Vertebral Augmentation (PVA) or Kyphon Balloon Kyphaostomy (KBK). However, with technological advancements being made in the field of kyphoplsty needles, this segment is projected to witness high growth rates during the forecast period. Based on application, hospitals accounted for majority share of revenue generated by vertroplasy and Kyphaostomy procedures in 2017; however ambulatory surgical centers are anticipated exhibit higher CAGR over next few years due growing preference for outpatient surgeries among patients across globe .
Product Definition:
Vertebroplasty and Kyphoplasty Needles are medical devices used to inject bone cement into the vertebrae. The needles help to ensure even distribution of the cement and improve the strength of the vertebral compression fracture.
Vertebroplasty Needle:
The global vertebroplasty needle market is expected to witness significant growth over the forecast period. The primary drivers of this market are increasing prevalence of spinal disorders and technological advancements in spine care management. According to the National Spinal Cord Injury Statistical Center, approximately 17,000 new cases of spinal cord injuries are reported every year in U.S., which leads to around 30% disability rate among population above 15 years.
Increasing geriatric population prone to various spine deformities.
Kyphoplasty Needle:
The kyphoplasty needle is used to correct deformities in the vertebrae. Kyphoplasty needles are also known as spinal needles or pedicle screws and are generally used by interventional radiologists and orthopedic surgeons. The kyphoplasty needle consists of a hollow, barbed tip that allows it to be inserted into the bone with ease.
Application Insights:
Based on the application, the global vertebroplasty and kyphoplasty needles market is segmented into hospitals and ambulatory surgical centers. The hospital segment dominated the market in 2017 owing to factors such as a high volume of surgeries performed, presence of various healthcare facilities at global level, and increasing number of hospitals at domestic level. In addition, an increase in prevalence of spinal disorders coupled with rising awareness about these procedures is expected to drive growth over next few years.
The ambulatory surgical center (ASC) segment is anticipated to grow rapidly owing to factors such as an increase in ASCs due to increased awareness among patients regarding treatment at convenient locations away from hospital settings. Furthermore, a decrease in cost associated with treatments provided by ASCs compared with that provided by hospitals will boost demand for vertebroplasty or kyphoplasty needles during forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing geriatric population, and high prevalence of osteoporosis. In addition, rising number of vertebral fractures due to various factors is anticipated to boost the growth during the forecast period. According to a study published in NCBI (National Center for Biotechnology Information), as per 2014-2015 data from National Health Expenditure Accounts (NHEA), healthcare expenditure for osteoporosis was estimated at USD X billion on average annually across U.S.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to growing target population base along with increasing incidence rates of spinal surgeries due Vertebral Compression Fractures (VCFs).
Growth Factors:
- Increasing incidence of vertebral fractures: The increasing incidence of vertebral fractures is the major growth driver for the Vertebroplasty and Kyphoplasty Needles market. According to a study by the World Health Organization (WHO), the global prevalence of osteoporosis is estimated to be around 200 million women and men aged 50 years or older. This number is expected to increase to more than 300 million by 2025, owing to population aging. Osteoporotic fractures are a leading cause of morbidity and mortality in postmenopausal women, with an annual economic burden exceeding 0 billion worldwide. Vertebroplasty and kyphoplasty are minimally invasive procedures that can help reduce this burden by restoring function and quality of life in these patients.
- Rising geriatric population: The rising geriatric population is another key growth driver for the Vertebroplasty and Kyphoplasty Needles market, as this age group is at high risk for developing osteoporosis-related fractures. In 2015, there were 901 million people aged 60 years or older in the world, accounting for 12% of the global population; this number is projected to reach 1.4 billion by 2030 and 2 billion by 2050 [1]. As people age, their bones become less dense and more susceptible to fracture; thus, there is a growing need for effective treatments such as vertebroplasty/kyphoplasty that can improve quality of
Scope Of The Report
Report Attributes
Report Details
Report Title
Vertebroplasty and Kyphoplasty Needles Market Research Report
By Type
Vertebroplasty Needle, Kyphoplasty Needle
By Application
Hospitals, Ambulatory Surgical Centers
By Companies
Biopsybell, Globus Medical, Inc., IZI Medical Products, Laurane Medical, Medtronic, Merit Medical Systems, Inc., RONTIS, Stryker Corporation, Teknimed, Zavation, Biopsybell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Vertebroplasty and Kyphoplasty Needles Market Report Segments:
The global Vertebroplasty and Kyphoplasty Needles market is segmented on the basis of:
Types
Vertebroplasty Needle, Kyphoplasty Needle
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Biopsybell
- Globus Medical, Inc.
- IZI Medical Products
- Laurane Medical
- Medtronic
- Merit Medical Systems, Inc.
- RONTIS
- Stryker Corporation
- Teknimed
- Zavation
- Biopsybell
Highlights of The Vertebroplasty and Kyphoplasty Needles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vertebroplasty Needle
- Kyphoplasty Needle
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vertebroplasty and Kyphoplasty Needles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vertebroplasty and Kyphoplasty needles are long, thin metal or plastic needles that are inserted into the vertebrae to remove bone chips.
Some of the major players in the vertebroplasty and kyphoplasty needles market are Biopsybell, Globus Medical, Inc., IZI Medical Products, Laurane Medical, Medtronic, Merit Medical Systems, Inc., RONTIS, Stryker Corporation, Teknimed, Zavation, Biopsybell.
The vertebroplasty and kyphoplasty needles market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vertebroplasty and Kyphoplasty Needles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vertebroplasty and Kyphoplasty Needles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vertebroplasty and Kyphoplasty Needles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vertebroplasty and Kyphoplasty Needles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vertebroplasty and Kyphoplasty Needles Market Size & Forecast, 2018-2028
4.5.1 Vertebroplasty and Kyphoplasty Needles Market Size and Y-o-Y Growth
4.5.2 Vertebroplasty and Kyphoplasty Needles Market Absolute $ Opportunity
Chapter 5 Global Vertebroplasty and Kyphoplasty Needles Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Type
5.2.1 Vertebroplasty Needle
5.2.2 Kyphoplasty Needle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vertebroplasty and Kyphoplasty Needles Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vertebroplasty and Kyphoplasty Needles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vertebroplasty and Kyphoplasty Needles Analysis and Forecast
9.1 Introduction
9.2 North America Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Type
9.6.1 Vertebroplasty Needle
9.6.2 Kyphoplasty Needle
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vertebroplasty and Kyphoplasty Needles Analysis and Forecast
10.1 Introduction
10.2 Europe Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Type
10.6.1 Vertebroplasty Needle
10.6.2 Kyphoplasty Needle
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vertebroplasty and Kyphoplasty Needles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Type
11.6.1 Vertebroplasty Needle
11.6.2 Kyphoplasty Needle
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vertebroplasty and Kyphoplasty Needles Analysis and Forecast
12.1 Introduction
12.2 Latin America Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Type
12.6.1 Vertebroplasty Needle
12.6.2 Kyphoplasty Needle
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vertebroplasty and Kyphoplasty Needles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Type
13.6.1 Vertebroplasty Needle
13.6.2 Kyphoplasty Needle
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vertebroplasty and Kyphoplasty Needles Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vertebroplasty and Kyphoplasty Needles Market: Competitive Dashboard
14.2 Global Vertebroplasty and Kyphoplasty Needles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Biopsybell
14.3.2 Globus Medical, Inc.
14.3.3 IZI Medical Products
14.3.4 Laurane Medical
14.3.5 Medtronic
14.3.6 Merit Medical Systems, Inc.
14.3.7 RONTIS
14.3.8 Stryker Corporation
14.3.9 Teknimed
14.3.10 Zavation
14.3.11 Biopsybell
