The global vertebroplasty needles market is set to experience a substantial surge, reaching a valuation of US$ 3,173.60 million by 2032, up from its current valuation of US$ 910 million in 2022. This remarkable growth, anticipated at a Compound Annual Growth Rate (CAGR) of 15.1% during the period 2022-2032, underscores the increasing adoption of minimally invasive procedures such as vertebroplasty.
Vertebroplasty, known for its low-intensity pain and high precision, has become a preferred choice for many seeking relief from vertebral fractures. The minimal invasiveness of the procedure is a significant factor contributing to the heightened demand for vertebroplasty needles in the coming years.
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“The shift towards minimally invasive procedures has been a key driver in the growth of the global vertebroplasty needles market. As more individuals seek procedures with reduced pain and faster recovery times, the demand for advanced vertebral augmentation devices is expected to witness a substantial uptick,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).
In addition to the preference for minimally invasive procedures, the overall healthcare sector is undergoing rapid technological advancements. These upgrades are not only enhancing the precision of medical interventions but also fostering a conducive environment for the adoption of high-tech solutions such as vertebroplasty needles.
The forecasted growth in the vertebroplasty needles market aligns with the global trend of prioritizing patient comfort and quicker recovery periods. As technological innovations continue to redefine the healthcare landscape, the adoption of advanced medical devices is expected to become more prevalent.
Future Market Insights, a leading player in the healthcare industry, is poised to contribute significantly to this burgeoning market. With a commitment to delivering cutting-edge medical solutions, Future Market Insights remains at the forefront of advancements in vertebroplasty technology.
Market Trends in Vertebroplasty Needles: Drivers and Challenges:
The surge in demand for vertebroplasty needles is propelled by the rising prevalence of spine disorders. A U.S. study reveals that low back pain affects 80% of the population, with 1%-2% suffering from related disorders. This escalating incidence of back-related issues is driving the need for spine needles.
The demand for spine anesthesia needles, essential for treating spine nerve blockages, is anticipated to grow in the forecast period. A robust distribution network emerges as a pivotal factor, contributing to increased company revenues and broader product penetration.
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Companies are actively engaging in strategic collaborations and agreements with distributors and suppliers, coupled with promotional initiatives, to enhance product visibility and distribution. For instance, in October 2010, Osseon Therapeutics, Inc. partnered with DePuy Spine, Inc. for the distribution of Osseoflex steerable spine augmentation needles in the U.S.
Furthermore, the growing emphasis on addressing the demand for efficient healthcare systems in developed countries is driving the need for advanced medical equipment, devices, and procedures. The ongoing technological advancements in the medical field are increasing the number of procedures related to spine diseases, cancers, epidural indications, and target-specific drug delivery, consequently amplifying the demand for needles.
However, despite these positive trends, the rising awareness of needle-free injection technology is anticipated to pose a challenge to the revenue growth of the vertebroplasty market in the forecast period.
Vertebroplasty Needles Market: Key Players
Some of the major players operating in the market for vertebroplasty needles are Stryker, DePuy Synthes Companies, Adroit Manufacturing Co., Möller Medical GmbH ⋅, Surtech Medical Inc, and others. Above manufactures are introducing technologically advanced and innovative vertebroplasty needles with features such as different size, length, shape and diameter to enhance product efficiency and to reduce patient discomfort.
Vertebroplasty Needles Market: Segmentation
The global vertebroplasty market, is segmented on the basis of distribution channel and regional presence.
Segmentation by Distribution Channel:
- Hospital Pharmacies
- Private Clinics
- Retail Pharmacies and Drug Stores
- E-Commerce
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
- Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
- Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC, S. Africa, N. Africa, Rest Of MEA)Top of Form
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