Pedicle Screw Systems Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI3063

Summary Methodology

Pedicle Screw Systems Market size is expanding rapidly led by the increasing adoption of these devices in treating degenerative spinal disorders. In recent years, a notable rise in accidental fractures and sports-related spinal cord injuries (SCIs) has been observed worldwide. In the U.S. alone, more than 17, 810 new spine injuries occur each year, according to the U.S. National SCI Statistical Center’s 2020 SCI Data Sheet. The presence of large number of elderly individuals globally and the demand for minimally invasive procedures for SCI will drive the market forward over 2021-2027.               

Despite being one of the strongest parts of the human body, the vertebral column is highly vulnerable to dislodgements and injuries. The risk of vertebral problems is on the rise as the spine is engaged in most of the mobile activities in humans. Pedicle screw systems are utilized to secure the vertebrae in a fixed position through spinal fusion surgery. These devices offer stability to the vertebrae after surgery, serving as anchor points on the bone grafts and spinal segment while the spine heals.

Pedicle screw systems market size from spinal deformities segment is likely to grow substantially by the end of 2027. The occurrence of different vertebral deformities such as scoliosis, lordosis, kyphosis, and others has increased considerably over the years. According to the American Association of Neurological Surgeons (AANS), an estimated 6-9 million individuals in the U.S. suffer from scoliosis, which refers to the abnormal lateral curvature of the vertebrae. As a result, the demand for novel products and devices for treating spine deformities will continue to rise in the future.

The minimal invasive surgery segment is projected to witness substantial growth in the coming years. The demand for minimally invasive procedures among consumers is rising due to the advantages such as smaller incisions, less scarring, faster recovery, shortened hospital stay, less postoperative pain, and fewer complications. Nowadays, physicians are utilizing technologically advanced robotic and image-guided surgeries to ensure greater safety and reliability. Citing an instance, in March 2021, spinal robotics company Fusion Robotics LLC completed the first ever minimally invasive transforaminal lumbar interbody fusion (MI-TLIF) procedure using robot-assisted pedicle screw fixation.

In terms of the geographical landscape, North America is expected to be a profitable market for pedicle screw systems during 2021-2027. The region is home to some of the most renowned medical device manufacturers focusing on developing innovative products and solutions that meet the latest healthcare standards. The increase in spinal cord related injuries and a massive geriatric population base will favor the regional growth outlook.

Medtronic, Stryker, Zimmer Biomet, B. Braun Melsungen, Alphatec Spine, Aesculap Implant Systems, Auxein Medical, Globus Medical, X-spine Systems (Xtant Medical Holdings), CTL Medical, Orthopaedic Implant Company, LDR Holding (Zimmer Biomet), and DePuy Synthes Spine are among the major pedicle screw system manufacturers in the world.

As robotic and minimally invasive surgeries gain acceptance, companies are placing their focus on new, more innovative technologies. For example, in July 2020, CoreLink, an American surgical device maker, had expanded its minimally invasive product offering with the new Tiger MIS Extended Tab Pedicle Screw System.

Regulatory approvals are playing a crucial role in bringing the best-quality spinal devices to the market. In June 2020, Neo Medical’s Neo Pedicle Screw System had received both U.S. FDA clearance and CE Marking.

COVID-19 crisis and its impact on the pedicle screw systems market demand

The coronavirus pandemic has affected each and every aspect of the health system including scheduled treatments and surgeries. To prioritize treatment and care for COVID-19 patients and address the increasing number of hospital admissions, many healthcare institutions had temporarily delayed elective surgical procedures. Many regions also showcased a ban on scheduled elective surgeries. For instance, many states in the U.S. had placed a ban on elective surgeries between March and May 2020.

Moreover, owing to the shortage of essential healthcare supplies such as ventilators, respirators, PPE, and other equipment, many medical device manufacturers were found ramping up the production of medical supplies, leading to lower production of surgical devices such as pedicle screw systems.

The aforementioned factors have had a slight impact on the industry forecast. However, these impacts are predicted to be short-term as delayed procedures are rescheduled, shortage of medical supplies diminishes, and government restrictions are lifted. 

The pedicle screw systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2021 to 2027 for the following segments:

Market by product type, 2013-2024 (USD Million)

  • Polyaxial pedicle screw
  • Monoaxial pedicle screw
  • Others

Market by surgery, 2013-2024 (USD Million)

  • Open
  • Minimal invasive

Market by indication, 2013-2024 (USD Million)

  • Spinal deformities
  • Spinal trauma

Market by application, 2013-2024 (USD Million)

  • Cervical fusion
  • Thoracolumbar
  • Fracture
  • Scoliosis
  • Spinal tumor
  • Others

 The above information is provided for the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Asia Pacific 
  • China
  • India
  • Japan
  • Latin America 
  • Brazil
  • Mexico
  • Middle East and Africa
  • South Africa
  • Saudi Arabia

What Information does this report contain?

Historical data coverage: 2016 to 2020; Growth Projections: 2021 to 2027.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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