Pedicle Screw Market is expected to reach US$ 1,649.44 million by 2030

Monoaxial Pedicle Screw System Dominated Pedicle Screw Market in 2022

According to our new research study on "Pedicle Screw Market Size and Forecasts (2020–2030), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Patient Weight, Offering, Application, and End User," the market was valued at US$ 1,012.36 million in 2022 and is expected to reach US$ 1,649.44 million by 2030. It is estimated to register a CAGR of 6.29% during the 2022-2030.

Pedicle screws are used in spinal fusion procedures to aid in fusion with additional strength and support as the part heals. Pedicle screws are inserted above and below the united vertebrae. The screws are joined by a rod, which inhibits movement and promotes the healing of the bone. The screws and rods can be taken out once the fusion has fully recovered. However, removal is not necessary until patients are comfortable with these components.

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The global pedicle screw market, by product type, is segmented into polyaxial pedicle screw systems, monoaxial pedicle screw systems, and other pedicle screw systems (including uniaxial pedicle screw systems). In 2022, the polyaxial pedicle screw system segment held the largest share of the market. The same segment is estimated to register a significant CAGR 6.70% during the 2022-2030. Polyaxial pedicle screw systems are used in spinal surgeries designed to stabilize and immobilize the spine. Screws are anchored in the pedicle, which are small bony projections on the vertebral bodies. This type of screw can move in multiple directions, giving surgeons greater flexibility during pedicle placement. In recent years, minimally invasive surgery has been a preferred approach for spinal surgeries using posterior pedicle screw fixation.

Table 1: Companies Offering Polyaxial Pedicle Screw Systems

Source: Company Websites and The Insight Partners Analysis

The increasing number of spinal surgeries performed and technological advancements in polyaxial pedicle screw systems bolster the growth of the market for this product type.

Region Analysis – Pedicle Screw Market

Based on geography, the pedicle screw market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. North America holds the largest share of the global market. The US, Canada, and Mexico are the major contributors to the market growth in this region. The US is projected to be the largest market for pedicle screw during 2022-2030, owing to the factors such as the increase in the prevalence of spinal disorders, and rise in comprehensive clinical research and contract research activities in the country. The US has access to a technologically well-established healthcare infrastructure compared to other developed and emerging countries. Technological advancements in pedicle screws have resulted in the development of a variety of products and associated technologies. An increase in the prevalence of lumbar fracture, spinal deformities, and spinal tumor among the US population and technological advancements in pedicle screws propel their demand across the country. According to the National Health Services in 2022, lifetime incidence of LBP in the US is reported to be 60–90% with an annual incidence of 5%. Per the same source, 14.3% of new patients visit physicians because of LBP every year, while ~13 million people visit physicians due to chronic LBP.

The increasing incidence of degenerative spinal conditions and adoption rate of minimally invasive spinal surgeries, in addition to the rising aging population affected with various spine deformities, are the major factors driving pedicle screw market growth in Asia Pacific. According to an article published by Zhi-Meng Wang, Peng Zou, and Jun-Song Yang, low falls were the primary cause of 47.75% of spinal cord injuries in 2020, while high falls were a cause of 37.31% of these injuries; traffic accidents caused 8.98% of spinal cord injuries in China in that year. Further, the increasing number of cases of traumatic spinal cord injuries (TSCI) is another factor propelling the pedicle screw market growth in China.

DePuy Synthes, Zimmer Biomet, Globus Medical Inc., B. Braun Melsungen AG, Stryker Corp, Medtronic PLC, RTI Surgical, Inc., K2M, Inc., Orthofix International N.V. and Alphatec Spine, Inc. are among the leading companies operating in the pedicle screw market.

The report segments the pedicle screw market as follows:

The pedicle screw market is segmented on the basis of product type, application, surgery type, and end user. By product type, the market is divided into polyaxial pedicle screw systems, monoaxial pedicle screw systems, and other pedicle screw systems. The pedicle screw market, based on application, is segmented into thoracolumbar fracture, spinal tumor, scoliosis, and failed spine fusion spondylitis. On the basis of surgery type, the market is segmented into open surgery and minimally invasive surgery. In terms of end user, the pedicle screw market is divided into hospitals, ambulatory surgical centers, and other end users. In terms of geography, the pedicle screw market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

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