Product Code: ETC8854152 | Publication Date: Sep 2024 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The vertebral augmentation and vertebroplasty devices market in the Philippines is expanding due to the increasing demand for effective treatments for vertebral compression fractures. Vertebral augmentation includes procedures such as vertebroplasty and kyphoplasty, which use devices designed to stabilize fractured vertebrae. With the rising prevalence of spinal fractures, especially among the elderly and people with osteoporosis, the demand for these devices is growing. The market is expected to continue its upward trajectory as the adoption of minimally invasive spine surgeries increases in the Philippines.
The vertebral augmentation and vertebroplasty devices market in the Philippines is expected to grow as more patients seek minimally invasive treatments for vertebral compression fractures. Vertebral augmentation techniques, including vertebroplasty and kyphoplasty, are effective in stabilizing fractured vertebrae and alleviating pain. The demand for specialized devices used in these procedures, such as injection systems and bone cement delivery tools, is anticipated to rise as the healthcare system expands and more patients undergo spinal treatments.
The market faces financial barriers, as devices are expensive and often not covered by insurance. Additionally, the countrys limited network of specialized spine care facilities curbs widespread adoption. A lack of skilled surgeons and technical staff also hampers growth in this segment.
The Philippines Vertebral Augmentation and Vertebroplasty Devices Market is expanding as demand grows for minimally invasive treatments for vertebral compression fractures. Vertebral augmentation, which includes vertebroplasty and kyphoplasty, involves the injection of bone cement into fractured vertebrae to provide stabilization and pain relief. The growing prevalence of osteoporosis and the aging population in the Philippines are driving the demand for these procedures. Investors can capitalize on this trend by developing or distributing vertebral augmentation devices, offering advanced, high-quality solutions that enhance surgical outcomes and improve patient care.
The market for vertebral augmentation and vertebroplasty devices in the Philippines is supported by government policies that aim to enhance the quality of spinal healthcare. The Department of Health (DOH) and the FDA regulate the approval and use of these medical devices to ensure they meet safety standards. The governments focus on improving treatment options for spinal conditions, especially for the elderly, has led to an increase in the use of vertebral augmentation and vertebroplasty devices. Healthcare programs and initiatives that promote the use of advanced medical technologies contribute to the growing demand in this market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Vertebral Augmentation and Vertebroplasty Devices Market - Industry Life Cycle |
3.4 Philippines Vertebral Augmentation and Vertebroplasty Devices Market - Porter's Five Forces |
3.5 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Trends |
6 Philippines Vertebral Augmentation and Vertebroplasty Devices Market, By Types |
6.1 Philippines Vertebral Augmentation and Vertebroplasty Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Revenues & Volume, By Vertebral Augmentation, 2021- 2031F |
6.1.4 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Revenues & Volume, By Vertebroplasty Device, 2021- 2031F |
6.2 Philippines Vertebral Augmentation and Vertebroplasty Devices Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Revenues & Volume, By Hospital, 2021- 2031F |
6.2.3 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Revenues & Volume, By Surgery Center, 2021- 2031F |
6.2.4 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Import-Export Trade Statistics |
7.1 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Export to Major Countries |
7.2 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Imports from Major Countries |
8 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Key Performance Indicators |
9 Philippines Vertebral Augmentation and Vertebroplasty Devices Market - Opportunity Assessment |
9.1 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Vertebral Augmentation and Vertebroplasty Devices Market - Competitive Landscape |
10.1 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Revenue Share, By Companies, 2024 |
10.2 Philippines Vertebral Augmentation and Vertebroplasty Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |