Pedicle Screw Systems Market Size

Pedicle Screw Systems Market Size

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.

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.