Pedicle Screw Systems Market Size By Product Type (Monoaxial Pedicle Screw, Polyaxial Pedicle Screw), By Surgery (Open Surgery, Minimally Invasive Surgery), By Indication (Spinal Deformities, Spinal Trauma), Application (Cervical Fusion, Thoracolumbar, Lumber), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Industry trends

Pedicle Screw Systems Market size exceeded USD 2.2 billion in 2020 and is anticipated to grow at over 3.2% CAGR between 2021 and 2027. The rising pervasiveness of degenerative diseases along with growing geriatric population is predicted to boost the market growth. The growing incidence of spondylosis is attributable to the adoption of a sedentary lifestyle and aging effect among others. Furthermore, the increasing number of spinal surgeries worldwide is expected to spur the market expansion.
 

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The spread of COVID-19 pandemic across the globe has impacted the market negatively. Increase in number of COVID-19 infections across several countries has resulted in imposing of lockdown and delaying/postponing the necessary surgical procedures. The spinal fusion procedure was not one of the critical or life-saving procedure during the time and hence, opted as elective surgical procedures. Several countries across the globe were focusing on severe and life-threatening health conditions other than elective surgeries.
 

Increasing cases of spinal cord injuries will propel the demand for pedicle screw systems

Growing cases of spinal cord injuries are estimated to augment the demand for market. As per the National Spinal Cord Injury Statistical Center at the University of Alabama at Birmingham (UAB), in U.S., approximately 17,730 new spinal cord injury cases are reported every year in the country. Therefore, the increasing spinal disease cases negatively affect the economic, and social condition, and thereby require immediate medical attention.
 

High cost of spinal surgeries especially in a developed nation to slow down the pedicle screw systems market progression

Cost-intensive nature of spine fusion surgeries may hinder the industry growth during the forecast timeframe. The average cost of spinal fusion, typically used to treat conditions such as a slipped vertebra, fractured vertebra or other spinal instability, typically costs between USD 80,000 and USD 150,000 or more, which is further associated with surgeon’s fee. Moreover, the surgeon’s fee also varies upon the type of surgery, qualifications and expertise of the person conducting the treatment.
 

In addition, cost of procedure also depends on a few factors such as the decision between operative and nonoperative treatment for adult and geriatric spinal deformity. Such decisions are based on factors such as the severity and type of the patient’s symptoms as well as the magnitude and risk of potential interventions.
 

Rising success rate of spinal fusion surgeries to stimulate the demand for pedicle screw systems

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Polyaxial pedicle screw segment valued at USD 1.1 billion in 2020 led by the growing success rate of spinal fusion surgeries. The pedicle screw systems are implanted on patients who suffer from diseases such as spondylolisthesis, degenerative disk disease, fractured vertebra, spinal stenosis, scoliosis, herniated disk, infection, and tumor. In addition, for rods, cages, and plates fixation, pedicle screws are required of different lengths and diameters. These screws stabilize the spine and provide extra support to the implant.
 

Growing cases of spinal deformities will drive the pedicle screw systems market revenue

The open surgery segment captured USD 1.77 billion in 2020 due to the rising reported cases of spinal deformities attributed to spinal injuries, infection, spinal cancer, and degenerative disc diseases. As per estimates, over 1.6 million spinal surgeries are performed across the globe every year. Thus, the growing demand for the treatment of spinal diseases is one of the prominent factors fuelling the demand for pedicle screw systems and spinal surgeries. Also, rising success rate of spinal deformities surgeries is slated to influence the market demand for pedicle screw systems.
 

Increasing incidence of degenerative spine diseases will foster the market value

The spinal deformities segment dominated more than 76.1% of the market share in 2020 owing to the rising incidence rate of degenerative spinal diseases. As per the World Health Organisation (WHO) estimates, more than 413 million people are suffering from degenerative spine disease across the globe. Once the disc has degenerated, the degenerative process cannot be reversed through medication, therapy and other methods. Therefore, surgery is one of the best treatments or manageable solutions for degenerative diseases.
 

High prevalence of lumbar spondylosis in the population to accelerate the industry expansion

The lumber segment accounted for more than 59% of revenue share in 2020 impelled by the increasing reported cases of low back pain (LBP) in the population. Approximately 60-85% of adults suffer from LBP credited to the development of osteophytes in the geriatric population. Also, the spinal fracture incidence rate is around 5% to 6% and the highest cases of fracture are being reported of the thoracolumbar section, followed by the neck and lumbar vertebrae.
 

North America dominated the overall market owing to presence of dominant companies and technology

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North America pedicle screw systems market is poised to witness 2.9% growth rate through 2027. The presence of dominant market players and technologies associated with pedicle screw system is attributable to rise in demand for spinal surgeries. The availability of advanced spinal fusion techniques along with the accessibility of innovative implants in the region is set to drive the regional growth. High competition boosts the innovation rate, high quality goods, services and variety in the region which benefits the end-users.
 

Growth strategies of market leaders are focused on increasing the customer base

A few key leaders operating in the market are ATEC Inc, B Braun Melsungen, CoreLink Holding LLC, DePuy Synthesis Spine Inc, Globus Medical Inc, Medtronic PLC, Orthofix Medical Inc, Stryker Corporation, XTANT Medical and Zimmer Biomet. These market participants are focusing on numerous strategies such as acquisitions, mergers, partnerships, new product launches, and collaborations to increase their market share for pedicle screw systems.
 

The pedicle screw systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

Market, By Product Type

• Monoaxial Pedicle Screw
• Polyaxial Pedicle Screw
• Others

Market, By Surgery

• Open Surgery
• Minimally Invasive Surgery

Market, By Indication

• Spinal Deformities
• Spinal Trauma

Market, By Application

• Cervical Fusion
• Thoracolumbar
• Lumber

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
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • South Africa
  • Saudi Arabia