Pedicle Screw Market to exceed US$ 1,012.36 million by 2030

    Published on 29-Sep-2023
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    Report : Pedicle Screw Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis– by Product Type (Polyaxial Pedicle Screw Systems, Monoaxial Pedicle Screw Systems, and Other Pedicle Screw Systems), By Application (Thoracolumbar Fracture, Spinal Tumor, Scoliosis, Failed Spine Fusion Spondylitis), By Surgery Type (Open Surgery and Minimally Invasive Surgery), By End User (Hospitals, Ambulatory Surgical Centers, and Other End User) and Geography

    Polyaxial Pedicle Screw Systems Segment Held Largest Share of Product Type Segment in Pedicle Screw Market

    According to our latest study on " Pedicle Screw Market Size and Forecast to 2030 –Global Analysis – By Product Type, Application, Surgery Type, and End User," the market was valued at US$ 943.93 million in 2022 and is expected to reach US$ 1,012.36 million by 2030. It is estimated to register a CAGR of 6.3% during 2022–2030.

    Recent product launches in the global pedicle screw market include expansion, acquisitions, and strategic collaborations among the market players. For instance, in May 2023, Intelivation Technologies launched a new minimally invasive pedicle screw system, i.e., ‘Golden Isles’ minimally invasive screw, a percutaneous system that increases visualization and procedural flexibility for surgeons and results in minimal soft tissue disruption. Similarly, in June 2023, IMPLANET, a medical device technology specialized in orthopedic surgery, launched a minimally invasive pedicle screw positioning system. The product was a result of its partner Sanyou Medical.

    The companies in the market are also involved in expanding their pedicle screw business. For instance, in September 2021, Biedermann Motech developed the world’s first polyaxial pedicle screw (MOSS System) and declared that its most advanced system, the MOSS VRS pedicle screw platform, was fully modular. Similarly, in September 2021, Medtronic plc. declared its latest additions of its spine products i.e. Catalyft PL and PL40, The Space-D Access System, Accelerate Graft Delivery System with Grafton DBF to its minimally invasive spine surgery ecosystem. With this the company becomes a combination of navigation, biologics, spinal implants, robotics, and AI-powered data company to patients and surgeons.

    With respect to the strategic collaborations in the market, in September 2022, Omnia Medical and SpineGuard declared a strategic alliance for adult spine surgery in the United States. The partnership includes involvement of two novel devices i.e. a smart pedicle screw system and a smart drilling tool for sacroiliac joint fusion, both inserting the DSG (Dynamic Surgical Guidance) technology. The partnership also represents a strong mutual commitment providing advantages to surgeons and healthcare providers in the medical device industry.

    The global pedicle Screw Market, by product type, is bifurcated into polyaxial pedicle screw systems, monoaxial pedicle screw systems, and other pedicle screw systems (including uniaxial pedicle screw systems). In 2022, the polyaxial pedicle screw system segment held the largest share of the market. The same segment is estimated to register a significant CAGR throughout the forecast period.

    A degree of freedom associated with monoaxial pedicle screw allows the better positioning of screw within the pedicle. This screw type facilitates rod insertion in the desired position and reduces undesired tension. Although the screw head is allowed to rotate 360°, the entire screw is fixed to the rod. According to a research article published in 2021 in the Annals of Translational Medicine, stronger leverage provided by monoaxial pedicle screw systems proves beneficial in restoring the height of monoaxial pedicle screw systems and facilitates the recovery of the damaged endplate in thoracolumbar posterior fixation. However, there are no definitive guidelines that define cases in which polyaxial or monoaxial pedicle screw systems are preferred. The use of monoaxial pedicle screw systems for minimally invasive surgeries and the focus of companies on launching new products is anticipated to boost the growth of the market for monoaxial pedicle screw systems.

    In addition, many companies engage in strengthening their positions in the pedicle screw market by innovating these systems to gain an edge over their competitors. In October 2020, Stryker reported that MESA pedicle screw exceeded 1 million implantations since the launch of this product category in 2006. This type of screw provides a 60-degree range of motion, variability in the sagittal plane, and derotation features, and rod placement using these screw does not require screw height adjustment.

    DePuy Synthes, Zimmer Biomet, Globus Medical Inc., B. Braun Melsungen AG, Stryker Corp, Medtronic PLC, RTI Surgical, Inc., K2M, Inc., Orthofix International N.V. and Alphatec Spine, Inc. are among the leading companies operating in the pedicle Screw Market.

    The report segments the global pedicle Screw Market as follows:

    The pedicle screw market is segmented on the basis of product type, application, surgery type, and end user. By product type, the pedicle screw market is divided into polyaxial pedicle screw systems, monoaxial pedicle screw systems, and other pedicle screw systems. The market, based on application, is segmented into thoracolumbar fracture, spinal tumor, scoliosis, failed spine fusion spondylitis. On the basis of surgery type, the pedicle screw market is segmented into open surgery and minimally invasive surgery. On the basis of end user, the pedicle screw market is divided into hospitals, ambulatory surgical centers, and other end user. In terms of geography, the pedicle screw market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)

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