According to a recent market study by Future Market Insights (FMI), the global Pedicle Screw System Market was valued at US$ 4.46 billion in 2021 and is projected to reach US$ 6.46 billion by 2029, growing at a CAGR of 4.6% during the forecast period.
| Data Points | Market Insights |
| Market Value 2021 | USD 4.46 Bn |
| Market Value 2022 | USD 4.71 Bn |
| Market Value 2029 | USD 6.46 Bn |
| CAGR 2022-2029 | 4.6% |
| Share of Top 5 Countries | 73.7% |
| Key Players | The key players in Pedicle Screw System Market are Medtronic plc, Aesculap Implant Systems LLC, Alphatec Holdings Inc., DePuy Synthes Inc., Evolution Spine LLC, Exactech Inc., Globus Medical Inc., Implanet SA, Life Spine Inc., NuVasive Inc., Orthofix Inc., Qualgenix LLC, RTI Surgical Inc., Solco Biomedical Co Ltd., Stryker Corp, Synthes Inc. |
A recent market research study by Future Market Insights on the pedicle screw systems market includes a global industry analysis from 2014 to 2021 as well as an opportunity assessment for the years 2022 to 2029. The report examines the pedicle screw market and makes significant projections for the years 2022 to 2029. The report’s findings indicate that the global pedicle screw systems market is anticipated to experience significant growth over the forecast period due to a number of factors, including an expanding geriatric population worldwide with degenerative diseases.
Pedicle screw system sales were valued at $4.46 billion in 2021, and from 2022 to 2029, they are projected to increase at a CAGR of 4.6%. The main causes of this growth include the development of minimally invasive procedures to replace open spine surgeries, the increase in demand for short-segment surgical procedures, the rising incidence of delirium in the elderly population during the perioperative period, and other factors. More and more elderly patients are having pedicle screw systems implanted to treat lumbar degenerative diseases.
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East Asia’s Market Attractiveness Rising
North America and Europe are anticipated to hold relatively high shares in terms of value in the global pedicle screw systems market. However, the East Asia market is expected to project lucrative growth in the global pedicle screw market over the forecast period of 2019-2029. This growth in the region is propelled by rapid healthcare investments and favorable government policies in China to encourage many start-up companies including medical device companies engaged in pedicle screw production to setup their manufacturing facilities. 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 been reaping the first-mover advantage banking on its technological primacy, which is further complemented by technological sophistication in elderly care within the country. New robotic system are thus being implanted for guiding the pedicle screw system implementation in elderly patients, thereby solidifying Japan’s position in the global market.
Considering the rising demand for pedicle screw systems in East Asia, many local as well as international manufacturers are focusing on the development of low-cost pedicle screw systems meant for spinal navigation. There is also a growing trend in China to manufacture pedicle screw systems or spinal implants using titanium alloys. Pedicle screw systems including screws, rods, cages and plates are being manufactured with titanium over steel, as they offer high tensile strength, enhanced durability, and lightweight properties. With increasing demand for titanium-based spinal implants in the region, it is attracting key players and local manufactures to invest more in the region.
Hospitals to Remain Key End Users 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
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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About 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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