Recent advances in medical imaging have highlighted the critical development of algorithms for individual vertebral segmentation on computed tomography (CT) scans. Essential for diagnostic accuracy and treatment planning in orthopaedics, neurosurgery and oncology, these algorithms face challenges in clinical implementation, including integration into healthcare systems. Consequently, our focus lies in exploring the application of knowledge distillation (KD) methods to train shallower networks capable of efficiently segmenting vertebrae in CT scans. This approach aims to reduce segmentation time, enhance suitability for emergency cases, and optimize computational and memory resource efficiency. Building upon prior research in the field, a two-step segmentation approach was employed. Firstly, the spine's location was determined by predicting a heatmap, indicating the probability of each voxel belonging to the spine. Subsequently, an iterative segmentation of vertebrae was performed from the top to the bottom of the CT volume over the located spine, using a memory instance to record the already segmented vertebrae. KD methods were implemented by training a teacher network with performance similar to that found in the literature, and this knowledge was distilled to a shallower network (student). Two KD methods were applied: (1) using the soft outputs of both networks and (2) matching logits. Two publicly available datasets, comprising 319 CT scans from 300 patients and a total of 611 cervical, 2387 thoracic, and 1507 lumbar vertebrae, were used. To ensure dataset balance and robustness, effective data augmentation methods were applied, including cleaning the memory instance to replicate the first vertebra segmentation. The teacher network achieved an average Dice similarity coefficient (DSC) of 88.22% and a Hausdorff distance (HD) of 7.71 mm, showcasing performance similar to other approaches in the literature. Through knowledge distillation from the teacher network, the student network's performance improved, with an average DSC increasing from 75.78% to 84.70% and an HD decreasing from 15.17 mm to 8.08 mm. Compared to other methods, our teacher network exhibited up to 99.09% fewer parameters, 90.02% faster inference time, 88.46% shorter total segmentation time, and 89.36% less associated carbon (CO2) emission rate. Regarding our student network, it featured 75.00% fewer parameters than our teacher, resulting in a 36.15% reduction in inference time, a 33.33% decrease in total segmentation time, and a 42.96% reduction in CO2 emissions. This study marks the first exploration of applying KD to the problem of individual vertebrae segmentation in CT, demonstrating the feasibility of achieving comparable performance to existing methods using smaller neural networks.