Vertebral Augmentation Market: Current Analysis and Forecast (2022-2028)

Report Description

Global Vertebral Augmentation Market is expected to grow at a significant rate of around 6% during the forecast period. Vertebral Augmentation is a surgical procedure intended to end the pain caused by a spinal fracture, stabilize the bone, and restore some or all of the lost vertebral body height. The growth of this market during the forecast period is owing to an age-related decline in musculoskeletal function, neurological function, and bone flexibility leading to injuries among the geriatric population. Spinal cord injuries mostly affect this population segment. Correct treatment can help in help in increasing mobility and alleviating the pain caused by such injuries. Furthermore, vertebral augmentation has several advantages, some of which include rapid and sustained pain relief, low complication rate, increased mobility, and improved quality of life.

Medtronic Plc, Johnson & Johnson, Alphatec Spine Inc., Stryker Corporation, Globus Medical Inc., Merit Medical Systems Inc., IZI Medical Products LLC, RONTIS, Zavation LLC, and MicroPort Scientific Corporation. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst product, Sport Vertebral Augmentations category to witness robust CAGR during the forecast period”

Based on type, the market is classified into vertebroplasty device and kyphoplasty device. Among these, the vertebroplasty device category to witness a considerable CAGR during the forecast period owing to the growing geriatric population, injuries to vertebrae, ligaments, and disks of the spinal column or to the spinal cord. Moreover, rising developments by the key players and manufacturers are providing equipment for surgeries such as assisted reproductive technology, ortho biologics, spine, and others. These factors are propelling the growth of the market during the forecast period. For instance, in August 2020, IZI Medical announced the introduction of an Osteo-site Vertebral Balloon for vertebral augmentation. The novel Osteo-site Vertebral Balloon is intended to form a cavity within the vertebral body.

“Amongst end-user, the hospitals to hold a significant share in the market in 2020”

On the basis of drive type, the market is categorized into hospitals, ambulatory surgery centers, and others. Among these, the hospitals category holds a significant share in the market during the forecast period. This is mainly due to the factors such as the availability of advanced methods in fracture stabilization, limitations of the conventional approach, increasing incidence of vertebral compression fracture, rising cases of osteoporosis, improvement in health care infrastructure, and growth in patient compliance because of technological advancements are some of the major key aspects driving vertebral augmentation market. For instance, according to the World Health Organization (WHO), the number of people with spinal cord injury, living in the United States is currently estimated to be approximately 288,000 persons.

“North America to hold a significant share in the market”

For a better understanding of the market adoption of the Bronchitis treatment industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America); Europe (Germany, United Kingdom, France, Spain, Italy, Rest of Europe); Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific); and the Rest of World. North America held an extensive market share during the forecast period. This is mainly due to the rising geriatric population, well-settled healthcare infrastructure, acceptance of new devices, and high per capita income are the major factors for the growth of the region. For instance, according to the US Census Bureau analysis, the elderly population is expected to nearly double in the next 25 years. In addition, according to World Population Ageing, in 2019, the elderly population of North America was 59.9 million which is expected to reach 96.2 million by 2050.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global vertebral augmentation market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Vertebral Augmentation Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global vertebral augmentation market were the three major steps undertaken to create and analyze the adoption of vertebral augmentations in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Vertebral Augmentation market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the vertebral augmentation market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the vertebral augmentation market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Vertebral Augmentation market. Further, we conducted factor analysis using dependent and independent variables such as various product and end-user of vertebral augmentations. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the vertebral augmentation market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global vertebral augmentation market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the vertebral augmentation market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global vertebral augmentation market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global vertebral augmentation market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product and end-user in the global vertebral augmentation market.

The main objective of the Global Vertebral Augmentation Market Study

The current & future market trends of the global vertebral augmentation market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the vertebral augmentation market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of product and end-user.
• Define and analysis of the regulatory framework for the vertebral augmentation
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the vertebral augmentation market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the Vertebral Augmentation market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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