Facet Joint Injections Market
Number of pages: 100 | Report Format: PDF | Published date: April 05, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 3.89 billion |
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Revenue Forecast in 2031 |
US$ 7.91 billion |
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CAGR |
8.2% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023-2031 |
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Historical Year |
2021 |
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Segments Covered |
Product Type, Application, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global facet joint injections market was valued at US$ 3.89 billion in 2022 and is expected to register a revenue CAGR of 8.2% to reach US$ 7.91 billion by 2031.
Facet Joint Injections Market Fundamentals
Facet joint injections are frequently used to evaluate and treat facet joint pain. The injection is administered to reduce pain and can also be used to direct other therapeutic modalities like radiofrequency ablation or physical therapy. It is believed that interventional methods of treating spinal pain have been developing quickly. These methods range from conservative modalities to surgical procedures. The emergence of innovative technologies, alternative treatment options, and modifications to insurance coverage and reimbursement practices are some trends observed in this market. Facet joint interventions are still frequently used in clinical practice and are crucial in managing chronic spinal pain. Facet joint discomfort often results from joint degeneration. The primary causes of joint degeneration are spinal injuries, excessive use, or inflammatory diseases like arthritis. Facet joint pain is prevalent but difficult to diagnose because non-specific physical exams, medical history, and imaging findings can be confused with other pain pathologies. Diagnostic facet joint injections are a dependable method for identifying pain coming from the facet joint, which may also provide pain relief to the patient and provide direction for future interventions or treatments. A local anesthetic and/or steroid are injected directly into the affected joint during a facet joint injection, which can help corroborate or rule out the involvement of the facet joint in the patient's pain. These injections also relieve transient pain, enabling more precise and efficient therapy planning.
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Facet Joint Injections Market Dynamics
The study on the facet joint injections market provides a critical evaluation of the market's revenue growth dynamics. The use of these injections in outpatient procedures is expanding. Another important driver for revenue growth is the rising elderly population and the prevalence of obesity. An important foundation for important study and development in the facet joint injections market is the epidemiology of facet joint pain. Globally, more than two-thirds of people experience back pain, with young individuals more likely to experience chronic pain. Although episodes of spinal pain are typically brief, new studies have shown that this is not always the case, with recurrence rates ranging from 28% to 75%.
However, the injections for joint discomfort are expensive, limiting the market revenue growth. Thus, the frequency of musculoskeletal disorders plays a crucial role as a current facet joint injection market trend. Additionally, the general market demand is being hampered by strict product approval regulations. Furthermore, the slow market development is also a result of a lack of knowledge among the populace regarding the accessibility and advantages of joint injections. People can be educated and informed about these therapies, which can increase market demand.
Facet Joint Injections Market Ecosystem
The global facet joint injections market is analyzed from four perspectives: product type, application, end-user, and region.
Facet Joint Injections Market by Product Type
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Based on the product type, the global facet joint injections market is segmented into local anesthesia and steroids.
The steroid segment accounted for the largest revenue share of the global facet joint injections market in 2022. An injection of steroids is intended to assist the body and joints reduce inflammation and discomfort. By injecting a steroid drug right into the hurting facet joint, it helps to reduce the pain. This treatment reduces the inflammation and pain emanating from that region. It may provide long-lasting pain alleviation. Others may experience pain alleviation for months, while some people may only experience short-term relief that lasts a few days. Patients who have not responded to other types of treatment may benefit from long-term pain relief from steroid facet injections.
Facet Joint Injections Market by Application
Based on application, the global facet joint injections market is segmented into cervical facet joints, thoracic facet joints, and lumber facet joints.
The lumber facet joints segment accounted for the largest revenue share of the global Facet Joint Injections market in 2022. Lumbar facet joint injections are a common treatment in spinal medicine. Patients who suffer from facet joint arthritic pain usually receive these injections. Injections into the lumbar facet joints may also help patients with mechanical lower back discomfort. A steroid medication is injected into the injured joint during a minimally invasive treatment called lumbar facet injections to reduce inflammation and relieve pain. Athletes at all levels of sport frequently report experiencing low back pain. Between 10 and 15 percent of all athletes are expected to suffer low back pain. Compared to less physically demanding activities, sports like football and dancing are thought to have higher rates of low back pain. These activities raise stress on the lumbar spine. Even though athletes frequently have greater strength and flexibility than the average person, their low back discomfort is caused by repetitive flexion, extension, and axial load-type movements to which they subject their spine. Numerous studies have revealed various lumbar spine injury patterns, illuminating the elevated demands that professional players place on their lower backs. The rise also influences the high demand for timber facet joint injection in sports injuries. As it offers targeted pain relief and can hasten a patient's return to their sport, lumbar facet joint injection is a popular treatment choice for athletes with lower back pain.
Facet Joint Injections Market by End User
Based on the end user, the global facet joint injections market is segmented into hospitals, specialty clinics, and others.
The hospital's segment accounted for the largest revenue share of the global Facet Joint Injections market in 2022. The significant market revenue share is due to hospitals receiving more funding to engage in cutting-edge healthcare. A better patient experience and better outcomes eventually result from greater hospital competition due to the leadership change. It also prompts issues about the accessibility and cost of healthcare for all people. Hospitals are the best location to receive treatment because they have all the medications required to give patients comprehensive care. Acute trauma treatment and urgent general orthopedic care are provided in hospital emergency rooms as part of emergency orthopedic care. The expanding accessibility of healthcare reimbursements in many developed countries and ongoing technological breakthroughs in orthopedic treatment are the main driving forces behind the segment revenue growth.
Additionally, the rising incidence of chronic illnesses and the aging population are fueling the market revenue expansion of healthcare and driving up demand for hospital services and medical supplies. Further, hospitals with sufficient funding can access modern, recently developed therapy options and reasonably priced diagnostics. As a result, patients can rely on hospitals for care regardless of their financial situation. This is crucial in developing nations with restricted access to high-quality healthcare. Hospitals need adequate financing to close this gap and guarantee that everyone has access to life-saving treatments and care.
Facet Joint Injections Market by Region
Based on the region, the global Facet Joint Injections market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America accounted for the largest revenue share of the global Facet Joint Injections market in 2022. Due to the presence of major players, North America dominates the market for facet joint injections with the largest revenue share. Additionally, North America's simplified repayment regulations and the rising incidence of orthopedic diseases are expected to support the development. Furthermore, it is believed that the region has a high demand for sophisticated healthcare services due to the existence of industry titans, recently released advanced tools, and a well-developed healthcare infrastructure. Increased public knowledge of advanced minimally invasive treatment and disease-associated preventive measures also significantly impacts the market revenue. On the other hand, the market in the Asia Pacific region is also growing significantly owing to the high prevalence of orthopedic injury and disorders and increasing research & development as well as social awareness.
Competitive Landscape of Facet Joint Injections Market
The competitive landscape in the market for facet joint injections is changing due to increased randomized clinical trials for evaluating the results of contemporary diagnostic and therapeutic procedures. Companies seeking significant market revenue share in the facet joint injections market are relying on performing tailored lumbar facet joint injections as a result of the rising prevalence of non-specific low back pain. Regulatory organizations are focusing on low back pain in people. The National Institute for Health and Care Excellence (NICE) recommendations updating is one example. Several multicenter trials conducted in the U.K. have raised the stakes for market participants. According to these studies, following NICE recommendations can enhance patient results while lowering healthcare expenses. In order to stay competitive in the market, pharmaceutical companies are required to demonstrate the worth of their products with respect to these standards.
Notable market participants operating in the global facet joint injections market include:
Facet joint injections are injectable drugs of local anesthetic agents injected into one or more small joints located along the side of each vertebra on both sides of the spine.
New treatment strategies and increased disease prevalence are the key trends to fuel the global Facet Joint Injections market revenue growth.
High cost and stringent regulation for facet joint injections approval are potentially restricting the revenue growth of the global market.
Key companies operating the global facet joint injections market are Zimmer Biomet Holdings Inc., Anika Therapeutics, Inc., Bioventus Inc., Sanofi SA, Pacira BioSciences (Flexion), and OrthogenRx.
The global facet joint injections market is expected to grow at a revenue CAGR of 8.2% during the forecast period from 2023 to 2031.
*Insights on financial performance are subject to the availability of information in the public domain