Pedicle Screw Systems Market Analysis

Pedicle Screw Systems Market Analysis

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.
 

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.
 

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 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.
 

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.