Pedicle Screws Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2030

The pedicle screw 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 2022-2030. Growing strategic initiatives by market players and usage of robotic navigation are likely to remain key trends in the market.

Pedicle Screws Market Analysis

A steep increase in cases of sports-related injuries, spinal cord injuries (SCI), and accidental fractures led to surgical procedures, leading to increasing use of pedicle screws. Furthermore, with the continuous increase in the aging population, spine surgeons face the constant challenge of providing adequate care, which is expected to increase market growth. However, the need for qualified healthcare professionals to handle the advanced products, costly treatments, and adequate reimbursement policies may hamper the market's growth.

Pedicle Screws Market Overview

Pedicle screw systems have become an essential part of spinal surgery, providing stability and support during spinal fusion procedures. For the purpose of treating various conditions such as scoliosis, spinal fractures or trauma, kyphosis, spondylolisthesis, spinal cancer, degenerative diseases, and others pedicle screws are becoming increasingly popular among surgeons. Pedicle screws play an important role in improving the effectiveness and safety of surgeries owing to the growing advances in technology. In recent years, the global pedicle screw systems market has witnessed some product launches and approvals that have contributed to its growth.

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Pedicle Screws Market: Strategic Insights

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Pedicle Screws Market Drivers and Opportunities

Rising Number of Spinal Surgeries to Favor Market

There is a rise in the number of medical professionals specializing in spinal surgeries that is expected to drive the pedicle screws market growth. The Health Trust-The Source Magazine in 2022, states that ~1.2 million surgeries were performed that costed US$ 80,000 on an average for lumbar spinal fusion surgery. In addition, there a rise in demand of pedicle screw for treating degenerative spinal disorders which in turn is expected to drive the market growth. Furthermore, there is a sharp rise in spinal cord injury (SCI) associated with sports and accidental fractures that result in surgical procedures. In 2022,  the National Spinal Cord Injury Statistical Center stated that the annual incidence of traumatic spinal cord injury (SCI) in 2021 was around 54 cases per one million people in the US. Pedicle screw plays an important role in increasing strength and provides support to the damaged spinal cord. Therefore, the rising prevalence of spinal cord injuries leading to surgeries is projected to boost the demand for pedicle screws leading to market growth.

Increasing Adoption of Minimally Invasive Surgeries Contributing to Market Expansion

Over the past many years, minimally invasive surgical procedures have become feasible, popular, and efficient for managing spinal disorders. Navigated pedicle screw insertion has been proven fundamental in minimally invasive spinal surgeries. These types of surgeries provide various advantages over open surgeries, such as less damage to soft tissue and muscle, less pain post-surgery, shorter hospital stay, and quicker recovery. Additionally, many companies in the pedicle screw market are involved in new product innovations to ease the overall surgical procedures. The rising adoption of minimally invasive surgeries, coupled with technologically advanced robotic and image-guided (IG) surgeries, is anticipated to boost overall market growth, thereby providing lucrative opportunities for emerging market players.

Pedicle Screws Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Pedicle Screws market analysis are product, surgery type, application, and end user.

• Based on product, the pedicle screws market is segmented into polyaxial pedicle screw systems, monoaxial pedicle screw systems, and other pedicle screw systems. The polyaxial pedicle screw systems segment held the largest market share in 2022 and the same is expected to register highest CAGR during the forecast period.
• By surgery type, the market is bifurcated into open surgery and minimally invasive surgery. The open surgery segment held the largest share of the market in 2022 and is anticipated to register the highest CAGR during 2020–2030. However, the minimally invasive surgery segment is expected to register the highest CAGR during 2022–2030.
• Based on application, the pedicle screws market is segmented into thoracolumbar fracture, spinal tumor, failed spinal fusion, scoliosis, and spondylitis. The thoracolumbar fracture segment held the largest market share in 2022 and the same is expected to register highest CAGR during the forecast period.
• By end user, the market is categorized into hospitals, ambulatory surgical centers, and specialty clinics. The hospitals segment held the largest share of the market in 2022 and is anticipated to register the highest CAGR during 2020–2030 and the same is expected to register the highest CAGR during 2022–2030.

Pedicle Screws Market Share Analysis by Geography

The geographic scope of the Pedicle Screws market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the pedicle screws market. An increase in the number of cases of lumbar fracture, spinal deformities, and spinal tumors in the US population and technological advancements in pedicle screws favor the pedicle screw market in North America. Major market players operating in the US such as DePuy Synthes, Stryker, Intelivation Technologies, and others are engaged in product developments and launches for remaining ahead in the competitive market. In the US, technologically advanced pedicle screws are widely adopted for various minimally invasive and open surgeries. Furthermore, the demand for pedicle screw fixation is increasing in Canada and Mexico with the rising elderly population, a demographic group that is highly prone to several spinal disorders and growing healthcare infrastructure would contribute significantly to the pedicle screw market growth in the region.

Pedicle Screws Market Regional Insights

The regional trends and factors influencing the Pedicle Screws Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pedicle Screws Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Pedicle Screws Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Pedicle Screws Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Pedicle Screws Market are:

1. DePuy Synthes Inc
2. Zimmer Biomet Holdings Inc
3. Globus Medical Inc
4. B. Braun SE
5. Stryker Corp
6. Medtronic Plc

Disclaimer: The companies listed above are not ranked in any particular order.

Pedicle Screws Market News and Recent Developments

The pedicle screws market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the pedicle screws market are listed below:

• Orthobond won FDA de novo approval for its Ostaguard antibacterial coating on SeaSpine Mariner pedicle screws. (orthobond.com., Press, April 2024)
• Johnson & Johnson MedTech announced that DePuy Synthes, The Orthopaedics Company of Johnson & Johnson, secured 510(k) clearances from the US Food and Drug Administration (FDA) for the TriALTIS Spine System and for TriALTIS Navigation Enabled Instruments. (DePuy Synthes, News, October 2023)
• Intelivation Technologies, a medical device company with a cutting-edge orthopedic and spine implant product portfolio announced the launch of a new minimally invasive pedicle screw system. The Golden Isles Minimally Invasive Screw is a percutaneous system that increases visualization and procedural flexibility for surgeons, resulting in minimal soft tissue disruption for patients. (Intelivation, Press Release, September 2023)
• Orthofix Medical Inc., a leading global spine and orthopedics company, announced the full commercial launch of, and first patient cases involving, the Mariner Deformity Pedicle Screw System. (Orthofix Medical Inc., Press Release, January 2023)

Pedicle Screws Market Report Coverage and Deliverables

The “Pedicle Screws Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• Pedicle screws market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Pedicle screws market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Pedicle screws market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the pedicle screws market
• Detailed company profiles