Pedicle Screw Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Surgery Type (Open Surgery and Minimally Invasive Surgery), Product, Indication, and Geography.

Market Snapshot

Pedicle Screw Systems Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.5 %
Pedicle Screw Systems Market Top Players

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Market Overview

The pedicle screw systems market studied was anticipated to witness a CAGR of 6.5% during the forecast period. The major factors attributing 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. According to the National Safety Council (NSC) report, in 2017, about 526,000 were diagnosed with sports and recreation-related injuries. The report states that damage to the vertebral column, extensive loss of sensory functions, or motor control of limbs occurs majorly in these traumas. Thus, the aforementioned factors are likely to fuel the growth of the pedicle screw systems market during the forecast period.

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 the 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. These devices are connected by metal rods to keep them together at complex level anatomy, such as thoracic and thoracolumbar level.

Surgery Type
Open Surgery
Minimal Invasive Surgery
Product
Monoaxial Pedicle Screw
Polyaxial Pedicle Screw
Other Products
Indication
Spinal Trauma Injuries
Spinal Deformities
Spinal Degeneration
Other Indications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Minimal Invasive Surgery Products are Expected to Hold the Major Market Share in the Pedicle Screw Systems Market

The Minimal invasive surgery (MIS) segment is expected to account for the largest share over the forecast period. This can be owing to the rising adoption of MIS procedures, coupled with the application of technologically advanced robotic and image-guided (IG) surgeries. Increasing demand for robotic and IG surgeries can be attributed to the clear visualization of intraoperative patient data, and safety during critical spinal surgical procedures with tiny incisions, and safeguarding organs near the operative location. Thus, an increased preference among the surgeons and patients, higher availability in the market with the latest approvals are likely to further drive the segment throughout the forecast period.

Pedicle Screw Systems Market Share

North America Dominates the Market and it is Expected to do the Same in the Forecast Period

North America is expected to dominate the pedicle screw systems market throughout the forecast period. This dominance is mainly owing to the surging demand for with growing prevalence of spinal deformities, accidents, and geriatric population in the region. According to the National Spinal Cord Injury Database report for 2019, about 291,000 persons are estimated to live with SCI in the United States. Also, vehicular injuries were found to be the highest cause of the SCI, representing more than 39% of total SCI, which is driving the market in the region. Furthermore, adoption for MIS procedures with higher awareness and affordability due to disposable income in the United States fuels the market. Additionally, the high cost of the products is likely to contribute to the outstanding share of the region, propelling the global market revenue across the forecast period.

Pedicle Screw Systems Market Growth Rate By Region

Competitive Landscape

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, launching new products to consolidate their market positions across the globe. In 2017, DePuy Synthes launched cement-augmented pedicle screw systems, VIPER and EXPEDIUM designed for enhanced fixation in patients with advanced-stage spinal tumors. The launch of such advanced products is expected to have a positive impact on the global market revenue during the forecast period. Some of the companies which are currently dominating the market are Zimmer Biomet, Stryker Corporation, Globus Medical Inc., B. Braun Melsungen AG, and Johnson & Johnson.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Global Prevalence of Spinal Cord Injuries and Orthopedic Disorders

      2. 4.2.2 Rapid Technological Advancements in the MIS Techniques

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Healthcare Professionals to Operate the Advanced Products

      2. 4.3.2 Highly Expensive Treatments and Lack of Proper Reimbursement Policies

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Surgery Type

      1. 5.1.1 Open Surgery

      2. 5.1.2 Minimal Invasive Surgery

    2. 5.2 Product

      1. 5.2.1 Monoaxial Pedicle Screw

      2. 5.2.2 Polyaxial Pedicle Screw

      3. 5.2.3 Other Products

    3. 5.3 Indication

      1. 5.3.1 Spinal Trauma Injuries

      2. 5.3.2 Spinal Deformities

      3. 5.3.3 Spinal Degeneration

      4. 5.3.4 Other Indications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Zimmer Biomet

      2. 6.1.2 Stryker Corporation

      3. 6.1.3 Johnson and Johnson

      4. 6.1.4 Globus Medical Inc.

      5. 6.1.5 B. Braun Melsungen AG

      6. 6.1.6 Alphatec Spine Inc.

      7. 6.1.7 CTL Amedica Corporation

      8. 6.1.8 Auxein Medical Pvt Ltd

      9. 6.1.9 LDR Holding Corporation

      10. 6.1.10 Medtronic PLC

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Pedicle Screw Systems Market market is studied from 2018 - 2026.

The Pedicle Screw Systems Market is growing at a CAGR of 6.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Zimmer Biomet, Johnson & Johnson, Globus Medical Inc, Stryker Corporation, B. Braun Melsungen AG are the major companies operating in Pedicle Screw Systems Market.

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