Pedicle Screw Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Pedicle Screw Market Analysis
The pedicle screw systems market is anticipated to witness a CAGR of 6.5% during the forecast period.
The demand for pedicle screw systems was significantly impacted due to the emergence of the pandemic situation, which led to the delay or cancellation of spinal cord surgeries. For instance, according to an article published by PubMed Central in October 2021, a study was conducted in Ireland, which showed that the COVID-19 pandemic significantly decreased the National Spinal Injuries Unit's (NSIU) clinical workload, with national spine referrals reduced by 47% and surgical cases performed were reduced by 61%. However, as the pandemic has currently subsided, spinal cord surgeries are taking place usually and due to this factor, the consumption of the pedicle screw system has increased. Hence, the studied market is expected to have stable growth over the forecast period of the study.
The major factors contributing to the growth of the market are the increased adoption of these devices in treating degenerative spinal disorders. A steep rise in the incidences of sports-related and spinal cord injury (SCI) and accidental fracture cases resulted in surgical procedures, which led to the increasing usage of pedicle screws. For instance, according to the National Spinal Cord Injury Statistical Center report in 2022, the annual incidence of traumatic spinal cord injury (SCI) in 2021 is approximately 54 cases per one million people in the United States, which equals about 18,000 new SCI cases each year. The estimated number of people with SCI living in the United States in 2021 is approximately 299,000 persons, with a range from 253,000 to 378,000 persons. Thus increasing prevalence of spinal cord injury is expected to increase the demand for the pedicle screw system thereby boosting the market growth.
Moreover, increasing the key activities by the market players such as product launches, mergers, and acquisitions are expected to increase the adoption of pedicle screws, hence it is expected to boost the market over the forecast period. For instance, in September 2021, Intelivation Technologies launched the Golden Isles Pedicle Screw System. In addition, the global population is aging rapidly, owing to reduced birth rates and increasing life expectancy. The high prevalence of neck and low back pain in the rapidly aging population is associated with a significant increase in the number of spinal disorders. For instance, according to the data updated by WHO in 2022, an estimated 1.71 billion people have musculoskeletal conditions worldwide, and population growth and aging are major factors that are increasing musculoskeletal disorders. Hence, the rising geriatric population is one of the major factors driving the growth of the market.
Thus, the aforementioned factors such as the rise in the incidences of sports-related and spinal cord injury (SCI) and accidental fracture cases, increasing key activities by the market players such as product launches, mergers, and acquisition, and rising geriatric population are likely to fuel the growth of the pedicle screw systems market during the forecast period. However, the lack of skilled healthcare professionals to operate the advanced products and highly expensive treatments and the lack of proper reimbursement policies may hinder the growth of the studied market.
Pedicle Screw Market Trends
This section covers the major market trends shaping the Pedicle Screw Systems Market according to our research experts:
Minimally Invasive Surgery by Surgery Type is Expected to Hold Significant Share in the Market Over the Forecast Period
The Minimal invasive surgery (MIS) segment is expected to account for a significant share over the forecast period due to the rising adoption of MIS procedures, coupled with the application of technologically advanced robotic and image-guided (IG) surgeries. Minimally invasive surgeries of the spine provide various advantages over open surgeries such as less damage to muscles and soft tissue, less pain after surgery, shorter hospital stay, and quicker recovery and return to daily activities. Hence, due to the benefits offered by MIS surgeries, the studied segment is expected to witness growth.
The benefits of MIS spinal surgeries are expected to drive the growth of the segment. For instance, according to an article published by PubMed Central in May 2021, a study showed that minimally invasive spinal cord surgery had reduced operation time, blood loss, and postoperative back pain compared to conventional open posterior instrumentation surgery. The article also stated that the rate of postoperative complications was low in MIS surgery. Many developments are taking place concerning minimally invasive spine surgery which will boost the market growth. For instance, in October 2021, SeaSpineHoldings Corporation completed the first cases in the United States and Australia for the 7D Percutaneous Spine Module. The 7D Flash Navigation System allows The 7D Percutaneous Module will enable neurosurgeons to effectively navigate minimally invasive spine surgery procedures with a high level of accuracy and efficiency. Such technological advancements are impacting the growth of the studied segment globally.
Moreover, key market players focusing on the expansion of a minimally invasive product portfolio with the pedicle screw system are expected to boost the market over the forecast period. For instance, in September 2021, Alphatec Holdings, Inc. a provider of innovative solutions dedicated to revolutionizing the approach to spine surgery, launched the InVictus OsseoScrew Expandable Spinal Fixation System, it is an expandable pedicle screw system. Thus, an increased preference for MIS among surgeons and patients, higher availability of products with the latest approvals in the market, increasing prevalence of spinal cord degenerating diseases, and rising research and development activities for spinal cord injury are likely to further drive the segment throughout the forecast period.
North America is Holding a Significant Share in the Market and it is Expected to do the Same Over the Forecast Period
North America is expected to hold a significant share of the pedicle screw systems market throughout the forecast period. This dominance is mainly owing to the surging demand for the growing prevalence of spinal deformities, accidents, and the ever-increasing geriatric population in the region. For instance, according to the National Spinal Cord Injury Statistical Center in 2022, about 30% of persons with spinal cord injury (SCI) are re-hospitalized one or more times during any given year following injury, and among those re-hospitalized, the length of hospital stay averages about 18 days. The indirect costs of SCI averaged USD 82,329 per year in 2021. Hence, the high burden of spinal cord injury in the United States is expected to increase the demand for pedicle screw systems.
Moreover, the rising incidence of spinal cord injury in Canada is also expected to enhance the market growth in the region. For instance, according to an article published by frontiers in November 2022, it is estimated that in Canada more than 86,000 people are affected by spinal cord injuries every year, from either a traumatic (e.g., fall) or non-traumatic injury (e.g., tumor).
Furthermore, strategies adopted by the key market players such as product launches, mergers, and acquisitions are anticipated to drive the market over the forecast period. For instance, in September 2021, Nanovis, a United States-based company, announced the first implantations of its Bioceramic Nanotube-Enhanced pedicle screw system, Nano FortiFix, a nanotechnology-designated titanium-surfaced pedicle screw system. Hence, due to the factors above such as the increasing incidence of spinal cord injuries, and various strategies adopted by the key market players such as product launches, mergers, and acquisitions, the market is expected to experience growth in the North American region.
Pedicle Screw Industry Overview
The pedicle screw systems market is moderately competitive and consists of several major players. Some prominent players that are currently dominating the market in terms of market share are acquiring the products, and launching new products to consolidate their market positions across the globe. Some of the companies which are currently dominating the market are Zimmer Biomet, Stryker Corporation, Globus Medical Inc., B. Braun SE, and Johnson & Johnson.
Pedicle Screw Market Leaders
Zimmer Biomet
Johnson & Johnson
Globus Medical Inc
Stryker Corporation
B. Braun SE
*Disclaimer: Major Players sorted in no particular order
Pedicle Screw Market News
- In March 2022, SurGenTec received clearance from the United States FDA for ION Screw, which is their proprietary stand-alone spine fixation implant.
- In February 2022, OsteoCentric Technologies entered into a definitive private label agreement with Altus Spine. This agreement will help in launching its subsidiary, OsteoCentric Spine, LLC, into the pedicle screw fixation market.
Pedicle Screw Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Prevalence of Spinal Cord Injuries and Orthopedic Disorders
4.2.2 Technological Advancements in the Minimally Invasive Surgery
4.3 Market Restraints
4.3.1 Lack of Skilled Healthcare Professionals
4.3.2 Expensive Treatments and Lack of Proper Reimbursement Policies
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Surgery Type
5.1.1 Open Surgery
5.1.2 Minimally Invasive Surgery
5.2 By Product
5.2.1 Monoaxial Pedicle Screw
5.2.2 Polyaxial Pedicle Screw
5.2.3 Other Products
5.3 By Indication
5.3.1 Spinal Trauma Injuries
5.3.2 Spinal Deformities
5.3.3 Spinal Degeneration
5.3.4 Other Indications
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Zimmer Biomet
6.1.2 Stryker Corporation
6.1.3 Johnson and Johnson
6.1.4 Globus Medical Inc.
6.1.5 B. Braun SE
6.1.6 CTL Amedica Corporation
6.1.7 Auxein Medical Pvt Ltd
6.1.8 LDR Holding Corporation
6.1.9 Medtronic PLC
6.1.10 Alphatec Holding Inc
6.1.11 SeaSpine
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Pedicle Screw Industry Segmentation
As per the scope of the report, pedicle screw systems are medical devices that are used to secure the vertebrae of the treated area in a fixed position. These systems are employed in pedicle screw fixation in conjunction with spinal fusion surgery. These pedicle screws provide stability to the spine after surgery by acting as anchor points on the spinal segment and bone grafts while the spine heals. The Pedicle Screw Systems Market is Segmented by Surgery Type (Open Surgery and Minimally Invasive Surgery), Product (Monoaxial Pedicle Screw, Polyaxial Pedicle Screw, and Other Products), Indication (Spinal Trauma Injuries, Spinal Deformities, Spinal Degeneration, and Other Indications), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Surgery Type | |
| Open Surgery | |
| Minimally Invasive Surgery |
| By Product | |
| Monoaxial Pedicle Screw | |
| Polyaxial Pedicle Screw | |
| Other Products |
| By Indication | |
| Spinal Trauma Injuries | |
| Spinal Deformities | |
| Spinal Degeneration | |
| Other Indications |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Pedicle Screw Market Research FAQs
What is the current Pedicle Screw Systems Market size?
The Pedicle Screw Systems Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Pedicle Screw Systems Market?
Zimmer Biomet, Johnson & Johnson, Globus Medical Inc, Stryker Corporation and B. Braun SE are the major companies operating in the Pedicle Screw Systems Market.
Which is the fastest growing region in Pedicle Screw Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Pedicle Screw Systems Market?
In 2024, the North America accounts for the largest market share in Pedicle Screw Systems Market.
What years does this Pedicle Screw Systems Market cover?
The report covers the Pedicle Screw Systems Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Pedicle Screw Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Pedicle Screw System Industry Report
Statistics for the 2024 Pedicle Screw System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pedicle Screw System analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
