Pedicle Screw Systems Market Size (2024 - 2029)

The pedicle screw systems market is projected to experience stable growth over the forecast period, driven by increased adoption in treating degenerative spinal disorders and a rise in sports-related and spinal cord injuries. The market's expansion is further supported by strategic activities from key players, such as product launches and mergers. Additionally, the aging global population, which is associated with a higher prevalence of spinal disorders, contributes to the market's growth. However, challenges such as a shortage of skilled healthcare professionals, high treatment costs, and inadequate reimbursement policies may impede the market's progress.

Market Size of Pedicle Screw Systems Industry

Pedicle Screw Systems Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 6.50 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Pedicle Screw Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

Pedicle Screw Market Analysis

The pedicle screw systems market is anticipated to witness a CAGR of 6.5% during the forecast period.

The demand for pedicle screw systems was significantly impacted due to the emergence of the pandemic situation, which led to the delay or cancellation of spinal cord surgeries. For instance, according to an article published by PubMed Central in October 2021, a study was conducted in Ireland, which showed that the COVID-19 pandemic significantly decreased the National Spinal Injuries Unit's (NSIU) clinical workload, with national spine referrals reduced by 47% and surgical cases performed were reduced by 61%. However, as the pandemic has currently subsided, spinal cord surgeries are taking place usually and due to this factor, the consumption of the pedicle screw system has increased. Hence, the studied market is expected to have stable growth over the forecast period of the study.

The major factors contributing 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, which led to the increasing usage of pedicle screws. For instance, according to the National Spinal Cord Injury Statistical Center report in 2022, the annual incidence of traumatic spinal cord injury (SCI) in 2021 is approximately 54 cases per one million people in the United States, which equals about 18,000 new SCI cases each year. The estimated number of people with SCI living in the United States in 2021 is approximately 299,000 persons, with a range from 253,000 to 378,000 persons. Thus increasing prevalence of spinal cord injury is expected to increase the demand for the pedicle screw system thereby boosting the market growth.

Moreover, increasing the key activities by the market players such as product launches, mergers, and acquisitions are expected to increase the adoption of pedicle screws, hence it is expected to boost the market over the forecast period. For instance, in September 2021, Intelivation Technologies launched the Golden Isles Pedicle Screw System. In addition, the global population is aging rapidly, owing to reduced birth rates and increasing life expectancy. The high prevalence of neck and low back pain in the rapidly aging population is associated with a significant increase in the number of spinal disorders. For instance, according to the data updated by WHO in 2022, an estimated 1.71 billion people have musculoskeletal conditions worldwide, and population growth and aging are major factors that are increasing musculoskeletal disorders. Hence, the rising geriatric population is one of the major factors driving the growth of the market.

Thus, the aforementioned factors such as the rise in the incidences of sports-related and spinal cord injury (SCI) and accidental fracture cases, increasing key activities by the market players such as product launches, mergers, and acquisition, and rising geriatric population are likely to fuel the growth of the pedicle screw systems market during the forecast period. However, the lack of skilled healthcare professionals to operate the advanced products and highly expensive treatments and the lack of proper reimbursement policies may hinder the growth of the studied market.

Pedicle Screw Industry Segmentation

As per the 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 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. The Pedicle Screw Systems Market is Segmented by Surgery Type (Open Surgery and Minimally Invasive Surgery), Product (Monoaxial Pedicle Screw, Polyaxial Pedicle Screw, and Other Products), Indication (Spinal Trauma Injuries, Spinal Deformities, Spinal Degeneration, and Other Indications), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Surgery Type
Open Surgery
Minimally Invasive Surgery
By Product
Monoaxial Pedicle Screw
Polyaxial Pedicle Screw
Other Products
By 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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Pedicle Screw Systems Market Size Summary

The pedicle screw systems market is poised for steady growth, driven by the increasing adoption of these devices in treating degenerative spinal disorders and the rising incidence of sports-related and spinal cord injuries. The market experienced a temporary setback due to the COVID-19 pandemic, which led to delays in spinal surgeries. However, as normalcy returns, the demand for pedicle screw systems is expected to rise. Key factors such as the aging global population, which is experiencing a surge in musculoskeletal conditions, and the growing prevalence of spinal cord injuries are contributing to market expansion. Additionally, the market is witnessing increased activity from major players through product launches, mergers, and acquisitions, further boosting the adoption of pedicle screw systems.

The minimally invasive surgery (MIS) segment is anticipated to capture a significant share of the market, attributed to the advantages of MIS procedures over traditional open surgeries, such as reduced recovery time and less postoperative pain. Technological advancements in MIS, including robotic and image-guided surgeries, are enhancing the appeal of pedicle screw systems. North America is expected to maintain a dominant position in the market due to the high prevalence of spinal deformities and injuries, coupled with a substantial geriatric population. The competitive landscape is marked by the presence of major players like Zimmer Biomet, Stryker Corporation, and Johnson & Johnson, who are actively engaging in strategic initiatives to strengthen their market presence.

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Pedicle Screw Systems Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Prevalence of Spinal Cord Injuries and Orthopedic Disorders

      2. 1.2.2 Technological Advancements in the Minimally Invasive Surgery

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Skilled Healthcare Professionals

      2. 1.3.2 Expensive Treatments and Lack of Proper Reimbursement Policies

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Surgery Type

      1. 2.1.1 Open Surgery

      2. 2.1.2 Minimally Invasive Surgery

    2. 2.2 By Product

      1. 2.2.1 Monoaxial Pedicle Screw

      2. 2.2.2 Polyaxial Pedicle Screw

      3. 2.2.3 Other Products

    3. 2.3 By Indication

      1. 2.3.1 Spinal Trauma Injuries

      2. 2.3.2 Spinal Deformities

      3. 2.3.3 Spinal Degeneration

      4. 2.3.4 Other Indications

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Pedicle Screw Systems Market Size FAQs

The Pedicle Screw Systems Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)

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

Pedicle Screw Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)