According to Future Market Insights (FMI), the global Pedicle Screw System Market Size is expected to reach US$ 4.71 billion in 2022 and US$ 6.46 billion by 2029, expanding at a CAGR of 4.6% during the forecast period.
As robotic and minimally invasive surgeries gain prominence in today’s operating rooms, manufacturers of Pedicle Screw Systems are placing their focus on novel technologies to maintain innovation supremacy. According to FMI’s analysis, market players are also targeted towards newer materials with improved biomechanical performance.
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East Asia’s Market Attractiveness Rising:
North America and Europe are expected to hold relatively large value shares of the global Pedicle Screw Systems market. However, the East Asian market is expected to grow rapidly in the global pedicle screw market between 2019 and 2029. This expansion in the region is being driven by rapid healthcare investment and favourable government policies in China, which have encouraged many start-up companies, including medical device companies engaged in pedicle screw production, to establish manufacturing facilities. Furthermore, the presence of a technologically advanced country such as Japan will boost the growth of the region’s pedicle screw system market. Japan has reaped the benefits of first-mover advantage by capitalising on its technological superiority, which is complemented by technological sophistication in the country’s elderly care. As a result, new robotic systems are being implanted to guide the implementation of Pedicle Screw Systems in elderly patients, solidifying Japan’s position in the global market.
Given the growing demand for Pedicle Screw Systems in East Asia, many local and international manufacturers are concentrating on the development of low-cost Pedicle Screw Systems for spinal navigation. There is also a growing trend in China to use titanium alloys to manufacture Pedicle Screw Systems or spinal implants. Titanium is used to make Pedicle Screw Systems such as screws, rods, cages, and plates instead of steel because it has higher tensile strength, greater durability, and is lighter. With rising demand for titanium-based spinal implants in the region, key players and local manufacturers are increasing their investments in the region.
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Hospitals to Remain Key End User of Pedicle Screw Systems Market:
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.
- Titanium alloy is expected to see widespread adoption in the global Pedicle Screw Systems market. Titanium alloy is becoming more popular due to its physical endurance properties, which make it one of the safest and most reliable materials for spine surgical implants.
- Increased use of Pedicle Screw Systems for fracture treatment is expected to result in increased market share during the forecast period. The increasing number of traffic accidents, trauma, orthopaedic, degenerative disc disease, fracture, dislocation, and spinal tumours provide a significant market opportunity for Pedicle Screw Systems. Furthermore, introducing advanced Pedicle Screw Systems based on instrumentation design for smooth implantation and expanding their applications in a variety of surgical spine fracture procedures will aid in capitalising on untapped market opportunities.
Pedicle Screw Systems Market: Manufacturer Insights:
Major Players:
- Medtronic plc
- Aesculap Implant Systems LLC
- Alphatec Holdings Inc.
- DePuy Synthes Inc.
- Evolution Spine LLC
- Exactech Inc.
- Globus Medical Inc.
- Implanet SA
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 Category
By 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
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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