Pedicle Screw Systems Market Size | Industry Grow Report

A new market research report by Future Market Insights on the pedicle screw systems market includes global industry analysis 2014 – 2018 and opportunity assessment 2019 – 2029. The report investigates the pedicle screw systems market and provides critical insights for the forecast period of 2019 – 2029. As per the findings of the report, the global pedicle screw systems market is projected to experience a significant growth over the forecast period, due to number of driving factors such as increasing geriatric population with degenerative diseases across geographies.

The global pedicle screw systems market was valued at ~US$ 3.8 Bn in 2018, and is expected to increase at a CAGR of ~5% during the forecast period of 2019-2029. This growth is majorly driven by the increasing implantation of pedicle screw systems for management of degenerative diseases of the lumbar spine in elderly population, development of minimally invasive techniques that replace traditional open spine surgeries, increase in demand for short-segment surgical treatments and increasing prevalence of delirium in the perioperative period in the elderly population and others.

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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.

Market Players Eye North America and East Asia for Lucrative Prospects

Increasing spinal deformities in North America and East Asia are anticipated to drive the growth of pedicle screw systems market, with the US witnessing complaints of scoliosis among ~2% of the general demographic. The FDA is granting approvals to certain pedicle screws – carbon/PEEK, cement-augmented and serrato, realizing non-interference with radiotherapy.

Upsurge in key therapeutic spine fusion procedures in countries, including China, and the US, is an attention-grabbing factor for the market players. Furthermore, the aging population are highly susceptible to degenerative spinal deformities, as such, the US, and China, with increasing geriatrics, appear to become the epicenter of high sales opportunities.

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Frequently Asked Questions About pedicle screw systems market

What dynamics are expected to drive the demand for pedicle screw systems?

Growing preference for minimally invasive surgeries, increasing incidences of spinal cord injuries, and an increase in the demand for short segment surgical treatments are bolstering the demand for pedicle screw systems.

How are image guidance and robotics trends creating opportunities for growth of the market?

The use of IG and robotics continues to expand in spine surgery as they improve the accuracy and clinical outcomes. Incorporation of both real-time IG and robotics enhances the manual capability of the medical professional and improves control and movement through low invasive working portals.

How is minimally invasive procedure presenting high sales opportunities?

Minimally invasive procedure is becoming popular as it facilitates fast-track surgeries and rehabilitation in younger patients. In the current scenario, rapid shift from conventional surgery to minimally invasive surgeries due to its numerous advantages such as faster recovery is opening a window of innovation opportunities for market players.

How is government supporting the pedicle screw systems market?

Globally, government and regulatory bodies are increasing investments in the development of treatment options and noble spinal plants to lessen financial burden of spinal cord injury on the patients. Furthermore, governments are also sponsoring projects for the development of effective treatment modalities.

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