| Product Code: ETC8854157 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines saw a significant increase in import shipments of vertebroplasty and kyphoplasty devices in 2024, with top exporting countries being Ireland, USA, Singapore, Mexico, and Germany. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 59.4%, showcasing strong market expansion. Additionally, the growth rate from 2023 to 2024 surged to 60.04%, reflecting a robust upward trend in the demand for these medical devices in the Philippines.

The vertebroplasty and kyphoplasty devices market in the Philippines is also experiencing growth. Vertebroplasty and kyphoplasty are procedures that involve injecting a cement-like substance into a fractured vertebra to restore stability and reduce pain. With advancements in medical technology, the development of more effective and safer devices is enhancing patient outcomes. The rising incidence of spine-related issues, particularly in elderly individuals, and the increasing adoption of minimally invasive spine surgeries are key factors driving the demand for these devices.
The vertebroplasty and kyphoplasty devices market in the Philippines is growing, driven by the increasing demand for non-invasive spinal procedures. Vertebroplasty and kyphoplasty are increasingly popular treatments for vertebral fractures, providing patients with significant pain relief and improved mobility. The market for devices used in these procedures, including injection systems and surgical tools, is expected to grow as awareness of these treatment options rises and more hospitals and clinics invest in spinal care technology.
The devices market is constrained by high procurement costs and the complexity of procedures that require specialized training and experience. Access to cutting-edge healthcare infrastructure is limited, particularly outside major cities, and reimbursement policies for these advanced procedures are not well established.
The Philippines Vertebroplasty and Kyphoplasty Devices Market is expanding as these procedures become a standard treatment for vertebral compression fractures. Vertebroplasty and kyphoplasty devices, which include needles, cannulas, and bone cement delivery systems, play a critical role in the success of these treatments. The market is set to benefit from the aging population and an increasing focus on minimally invasive surgery. Investors can explore opportunities in developing or distributing these devices, providing healthcare providers with reliable, high-quality products that meet the growing demand for spine care solutions.
The market for vertebroplasty and kyphoplasty devices in the Philippines is bolstered by government health policies aimed at enhancing the countrys healthcare infrastructure. The Department of Health (DOH) and the Food and Drug Administration (FDA) regulate these devices to ensure patient safety. Policies designed to improve the treatment of spinal fractures, particularly among the elderly, have created a growing demand for vertebroplasty and kyphoplasty procedures. Government-funded healthcare programs also aim to increase access to these advanced medical treatments, expanding the market for these devices.
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 Vertebroplasty and Kyphoplasty Devices Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Vertebroplasty and Kyphoplasty Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Vertebroplasty and Kyphoplasty Devices Market - Industry Life Cycle |
3.4 Philippines Vertebroplasty and Kyphoplasty Devices Market - Porter's Five Forces |
3.5 Philippines Vertebroplasty and Kyphoplasty Devices Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Vertebroplasty and Kyphoplasty Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Vertebroplasty and Kyphoplasty Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of osteoporosis and osteoporotic fractures in the Philippines |
4.2.2 Growing aging population leading to higher incidence of vertebral compression fractures |
4.2.3 Technological advancements in vertebroplasty and kyphoplasty devices improving treatment outcomes |
4.3 Market Restraints |
4.3.1 High cost associated with vertebroplasty and kyphoplasty procedures limiting adoption rates |
4.3.2 Lack of awareness and access to advanced healthcare facilities in certain regions of the Philippines |
4.3.3 Stringent regulatory requirements for approval of vertebroplasty and kyphoplasty devices in the country |
5 Philippines Vertebroplasty and Kyphoplasty Devices Market Trends |
6 Philippines Vertebroplasty and Kyphoplasty Devices Market, By Types |
6.1 Philippines Vertebroplasty and Kyphoplasty Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Vertebroplasty and Kyphoplasty Devices Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Vertebroplasty and Kyphoplasty Devices Market Revenues & Volume, By Vertebroplasty, 2021- 2031F |
6.1.4 Philippines Vertebroplasty and Kyphoplasty Devices Market Revenues & Volume, By Kyphoplasty, 2021- 2031F |
6.2 Philippines Vertebroplasty and Kyphoplasty Devices Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Vertebroplasty and Kyphoplasty Devices Market Revenues & Volume, By Hospital, 2021- 2031F |
6.2.3 Philippines Vertebroplasty and Kyphoplasty Devices Market Revenues & Volume, By Ambulatory Surgery Center, 2021- 2031F |
6.2.4 Philippines Vertebroplasty and Kyphoplasty Devices Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Vertebroplasty and Kyphoplasty Devices Market Import-Export Trade Statistics |
7.1 Philippines Vertebroplasty and Kyphoplasty Devices Market Export to Major Countries |
7.2 Philippines Vertebroplasty and Kyphoplasty Devices Market Imports from Major Countries |
8 Philippines Vertebroplasty and Kyphoplasty Devices Market Key Performance Indicators |
8.1 Number of healthcare facilities offering vertebroplasty and kyphoplasty procedures |
8.2 Patient satisfaction rates post-vertebroplasty and kyphoplasty treatments |
8.3 Adoption rate of minimally invasive techniques in vertebroplasty and kyphoplasty procedures |
9 Philippines Vertebroplasty and Kyphoplasty Devices Market - Opportunity Assessment |
9.1 Philippines Vertebroplasty and Kyphoplasty Devices Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Vertebroplasty and Kyphoplasty Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Vertebroplasty and Kyphoplasty Devices Market - Competitive Landscape |
10.1 Philippines Vertebroplasty and Kyphoplasty Devices Market Revenue Share, By Companies, 2024 |
10.2 Philippines Vertebroplasty and Kyphoplasty Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |