Pedicle Screw Systems Market: Innovative and Technological Advancement

Future Market Insights has released a new market research report on the pedicle screw systems market, which includes global industry analysis from 2014 to 2021 and opportunity assessment from 2022 to 2029. The report provide Pedicle Screw Systems Market Insights for the 2022-2029 forecast period. According to the report’s findings, the global Pedicle Screw Systems Market is expected to grow significantly over the forecast period, owing to a number of driving factors such as an increasing geriatric population with degenerative diseases across geographies.

The global pedicle screw systems market was valued at US$ 4.46 billion in 2021 and is expected to grow at a CAGR of 4.6% between 2022 and 2029. This growth is primarily driven by the increasing use of pedicle screw systems for the management of degenerative lumbar spine diseases in the elderly population, the development of minimally invasive techniques to replace traditional open spine surgeries, the increased demand for short-segment surgical treatments, and the rising prevalence of delirium in the perioperative period in the elderly population, among other factors.

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As robotic and minimally invasive surgeries gain prominence in today’s operating rooms, manufacturers of pedicle screw systems are placing their focus on novel technologies to maintain innovation supremacy. According to FMI’s analysis, market players are also targeted towards newer materials with improved biomechanical performance.

East Asia’s Market Attractiveness Rising

North America and Europe are expected to hold relatively large value shares of the global pedicle screw systems market. However, the East Asian market is expected to grow rapidly in the global pedicle screw market between 2019 and 2029. This expansion in the region is being driven by rapid healthcare investment and favourable government policies in China, which have encouraged many start-up companies, including medical device companies engaged in pedicle screw production, to establish manufacturing facilities.

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Besides, presence of technologically advanced country such as Japan will also boost the growth of the pedicle screw system market in the region. Japan has reaped the benefits of first-mover advantage by capitalising on its technological superiority, which is complemented by technological sophistication in the country’s elderly care. As a result, new robotic systems are being implanted to guide the implementation of pedicle screw systems in elderly patients, solidifying Japan’s position in the global market.

Given the growing demand for pedicle screw systems in East Asia, many local and international manufacturers are concentrating on the development of low-cost pedicle screw systems for spinal navigation. There is also a growing trend in China to use titanium alloys to manufacture pedicle screw systems or spinal implants. Titanium is used to make pedicle screw systems such as screws, rods, cages, and plates instead of steel because it has higher tensile strength, greater durability, and is lighter. With rising demand for titanium-based spinal implants in the region, key players and local manufacturers are increasing their investments in the region.

Hospitals to Remain Key End User of Pedicle Screw Systems

The global market of pedicle screw systems has been segmented on the basis of different material, multiple applications, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East and Africa.

• By material, titanium alloy is expected to witness significant adoption in the global pedicle screw systems market. Increasing demand for titanium alloy can be attributed to its physical endurance properties that make it as one of the safest and more reliable materials for spine surgical implants.
• Rise in the use of pedicle screw systems for treating fractures is likely to result in increased market share during the forecast period. Growing number of road accidents, trauma, orthopedic, degenerative disc disease, fracture, dislocation and spinal tumor offers substantial market potential for pedicle screw system. Further, introducing advanced pedicle screw system based on instrumentation design for smooth implantation, and increasing their applications in numerous surgical spine facture procedures will help in leveraging untapped market opportunities.

Pedicle Screw Systems Market: Manufacturer Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global pedicle screw market. Some of the examples of key players in the global pedicle screw systems market are Medtronic plc, DePuy Synthes Inc, Zimmer Biomet Inc, Stryker Corp, Orthofix Inc and NuVasive Inc., among others.

The global pedicle screw systems market is significantly consolidated with some players holding prominent shares of the market. These players are offering pedicle screw systems under their popular brands such as CD Horizon® Spinal System, EVEREST Minimally Invasive and EXPEDIUM® System, among others.

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Pedicle Screw System Market by CategoryBy Product:

• Cervical Pedicle Screw Systems
•  Thoraco-Lumbar Pedicle Screw Systems

By Material:

•  Stainless Steel
• Titanium Alloys
• Unalloyed Titanium

By Application:

• Spondylolisthesis
• Fracture
• Scoliosis
• Spinal tumor
• Failed fusion
• Others

By Level of Surgery:

• One-level Pedicle Screw Systems
• Two-level Pedicle Screw Systems
• Three-level Pedicle Screw Systems
• Four-level and higher Pedicle Screw Systems

By End-User:

• Hospitals
• Ambulatory Surgery Centers
• Specialized Clinics

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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