IMARC Group's report titled "Vertebroplasty and Kyphoplasty Needles Market Report by Procedure (Kyphoplasty Procedures, Vertebroplasty Procedures), End Use (Hospitals, Ambulatory Surgical Centers), and Region 2024-2032". The global vertebroplasty and kyphoplasty needles market size reached US$ 884.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,334.2 Million by 2032, exhibiting a growth rate (CAGR) of 4.68% during 2024-2032.
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Factors Affecting the Growth of the Vertebroplasty and Kyphoplasty Needles Industry:
The rising occurrence of osteoporosis and vertebral compression fractures among the masses is propelling the market growth. These conditions, primarily affecting the elderly population, are driving the demand for minimally invasive (MI) surgical procedures, such as vertebroplasty and kyphoplasty. These procedures are favored for their benefits in pain relief and spinal stabilization, making them crucial in the management of osteoporotic fractures. This is supported by healthcare initiatives focused on bone health and the prevention of fractures, emphasizing the importance of early intervention and the adoption of effective treatment modalities like vertebroplasty and kyphoplasty.
Innovations in needle design and functionality, such as improved precision, biocompatibility, and the introduction of materials that enhance durability and performance, are contributing to the effectiveness and safety of vertebroplasty and kyphoplasty procedures. These advancements facilitate easier navigation through the vertebral body, reducing procedure time and enhancing patient outcomes. Additionally, the integration of imaging techniques with surgical instruments is improving the accuracy of needle placement, minimizing complications and promoting faster recovery. Manufacturers are continuously investing in research and development (R&D), which is resulting in the introduction of more sophisticated solutions, further driving adoption among healthcare providers.
The increasing awareness and acceptance of minimally invasive (MI) procedures among both healthcare professionals and patients is offering a favorable market outlook. MI spine surgeries, including vertebroplasty and kyphoplasty, offer numerous advantages over traditional open surgeries, such as reduced pain, lower risk of infection, shorter hospital stays, and quicker recovery times. This shift towards less invasive treatment options is supported by a growing body of clinical evidence demonstrating their efficacy and safety in managing vertebral compression fractures. Healthcare systems worldwide are adopting these techniques, driven by patient preference for less invasive interventions and the potential for cost savings.
Leading Companies Operating in the Global Vertebroplasty and Kyphoplasty Needles Industry: