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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, Lumbar), Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2023– 2032

  • Report ID: GMI3063
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

Pedicle Screw Systems Market size crossed USD 2.5 billion in 2022 and is anticipated to register over 3.5% CAGR during the forecast timeline of 2023-2032.
 

Pedicle screws play a major role in the treatment of spinal injuries and are commonly used to increase strength and provide extra support to the damaged spinal cord. Steel rods are also used along with these screws to restrict a patient’s movement to allow the bone graft to heal completely. This, alongside the vast availability of medical professionals specializing in complex spinal surgeries, is predicted to fuel the adoption of pedicle screws.
 

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Minimally invasive surgeries are also gaining traction among patients and surgeons alike as they cause minimal scarring and reduce a patient’s hospital stay. The introduction of robotics and IG surgeries, as well as the usage of advanced medical devices, have made it easier for surgeons to conduct complex operations. These surgeries require doctors to choose innovative approaches to treat various spinal deformities, further enhancing the product usage.
 

However, the cost-intensive nature of spine fusion surgeries may adversely influence the pedicle screw systems market forecast. The average cost of spinal fusion, which is used to treat various conditions, such as a slipped vertebra, fractured vertebra, or other spinal instabilities, typically ranges from USD 80,000 to USD 150,000 or more. This cost can increase further with the addition of the surgeon’s fee.
 

High spinal stability to augment implantation of Polyaxial pedicle screw systems

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Global pedicle screw systems market from the polyaxial product segment is expected to surpass USD 1.5 billion by 2032. The product is mainly used in the treatment of patients diagnosed with diseases, such as scoliosis, degenerative disk disease, infection, spondylolisthesis, and tumor, among others. In addition, screws of different lengths and diameters are required to keep rods, cages, and plates firmly in their respective positions. Polyaxial pedicle screws also help stabilize the spine and provide extra support to the implant, further bolstering product usage in surgeries.
 

Rising incidence of spinal ailments among adults may fuel demand for open surgeries

The open surgery segment accounted for more than 75.5% share of the pedicle screw systems in 2022. The number of people susceptible to a variety of spinal diseases is increasing every year. Close to 40% of adults over 40 years old are living with at least one degenerated vertebral disc. This has generated robust demand for the treatment of spinal ailments, such as abscesses, vertebral fractures, and spinal stenosis, which is expected to augment the usage of pedicle screw systems.
 

High burden of degenerative disorders to promote pedicle screw systems use in spinal deformity treatment

Pedicle screw systems market from spinal deformities indications segment is estimated to record more than 4% CAGR through 2032. The rising burden of degenerative spine diseases is accelerating the adoption of surgical interventions such as pedicle screw systems. Once the disc has degenerated, it is not possible to reverse the degenerative process through medication, therapy, or other methods. Surgery is thus considered one of the best treatments for degenerative diseases, which may foster product usage to correct spinal deformities.
 

Pedicle screws gain traction as treatment for thoracolumbar fractures in trauma patients

Pedicle screw systems market share from the thoracolumbar product segment will be valued at more than USD 1 billion by 2032. The rising number of spinal deformities in the thoracolumbar area of the spine is expected to boost product consumption. According to a report by the American Association of Neurological Surgeons, the rate of thoracolumbar fracture in trauma patients was 6.90%. Most of these cases were a result of rising motor vehicle collisions and high-intensity falls during these accidents. Developments such as these are likely to augment market share.
 

Strict regulations pertaining to medical devices will increase pedicle screw demand in Europe

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Europe pedicle screw systems market is projected to be valued at over USD 797 million by 2032, owing to the presence of prominent organizations specializing in the development of innovative pedicle screws. This has created a healthy competitive environment and boosted the innovation rate in the region. The stringent rules and regulations laid down by various European governments with respect to the quality of medical devices may encourage patients from across the world to receive treatment for various spinal injuries and disorders. This, in turn, will improve the adoption of pedicle screw systems and generate lucrative prospects for regional industry progress.
 

Expansion strategies by key players to define market landscape

ATEC Inc., DePuy Synthesis Spine Inc., B Braun Melsungen AG, CoreLink Holding LLC, Globus Medical Inc., Medtronic PLC,Orthofix Medical Inc., Zimmer Biomet Stryker Corporation, and XTANT Medical, among many others, are among the reputed manufacturers and suppliers in the pedicle screw systems market. These organizations are planning to expand their product portfolios to grow their customer base and increase their market presence.
 

Influence of COVID-19 pandemic on pedicle screw systems market trends

The growth of the pedicle screw systems industry witnessed a significant setback during the initial stages of the COVID-19 pandemic as spinal care surgeons had to prioritize emergency care over certain surgical procedures. Since spinal fusion was among the interventions considered non-critical, this form of surgery was viewed as an elective procedure, thus limiting its demand. This may have, in turn, diminished the use of pedicle screw systems in spinal treatment cases.
 

However, emergency spinal care continued to thrive even during the peak of the crisis, leading authorities to set specific guidelines aimed at allowing surgeons to manage patients appropriately. Such developments may have created some demand for spinal treatments, and consequently, aided in the recovery of the market.
 

The pedicle screw systems market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2032 for the following segments:

By Product Type

  • Monoaxial Pedicle Screw
  • Polyaxial Pedicle Screw
  • Others

By Surgery

  • Open Surgery
  • Minimally Invasive Surgery

By Indication

  • Spinal Deformities
  • Spinal Trauma

By Application

  • Cervical fusion
  • Thoracolumbar
  • Lumbar

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

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

 

Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

Global market for pedicle screw system crossed USD 2.5 billion in 2022 and is anticipated to register over 3.5% CAGR during the forecast timeline of 2023-2032, given the rapid rise in accidents and spinal cord injuries.
Polyaxial product segment is expected to surpass USD 1.5 billion by 2032, on account of the product’s ability to treat patients suffering from diseases, such as scoliosis, degenerative disk disease, infection, spondylolisthesis, and tumor, among others.
Europe pedicle screw systems market is projected to go past USD 797 million by 203, due to the strong presence of manufacturers that specialize in the development of innovative pedicle screws.
ATEC Inc., CoreLink Holding LLC, B Braun Melsungen AG, Globus Medical Inc., DePuy Synthesis Spine Inc., Medtronic PLC, Orthofix Medical Inc., Zimmer Biomet Stryker Corporation, and XTANT Medical, among many others, are the reputed manufacturers and suppliers operating in the industry.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 266
  • Countries covered: 15
  • Pages: 150
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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