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The global Pedicle Screw Systems Market was valued at USD 2.3 billion in 2021 and it is anticipated to grow up to USD 4.4 billion by 2031, at a CAGR of 6.7% during the forecast period.

A pedicle screw system is a device that is used to fixate the spine. It consists of two main components: pedicle screws and rods. Pedicle screws are inserted into the pedicles of the vertebrae and are secured in place with rods. This system is used to treat a variety of spine conditions, including scoliosis, kyphosis, and spondylolisthesis. It is also used in spinal fusion surgery.
Global Pedicle Screw Systems Market Scope and Report Structure
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Market Trends and Drivers
The rising number of spinal cord injuries will drive the demand for pedicle screw systems.

Increasing cases of spinal cord injuries are expected to increase market demand. According to the National Spinal Cord Injury Statistical Center at the University of Alabama at Birmingham (UAB), approximately 17,730 new spinal cord injury cases are reported each year in the United States. As a result, the growing number of spinal disease cases have a severe impact on the economy and society, necessitating rapid medical attention.
Market Restraints and Challenges
The high cost of spine fusion surgery may limit market expansion during the predicted period. The usual cost of spinal fusion, which is commonly used to address issues such as a slipping vertebra, fractured vertebra, or other spinal instability, ranges from USD 80,000 and USD 150,000 or more, depending on the surgeon's charge. Moreover, the surgeon's charge varies depending on the type of operation, qualifications, and skill of the individual doing the therapy.

Furthermore, the cost of the surgery is determined by a few aspects, such as the choice between operative and non-operative treatment for adult and geriatric spinal deformity. Such choices are influenced by elements such as the degree and kind of the patient's symptoms, as well as the size and risk of potential complications.
Global Pedicle Screw Systems Market Segmental Overview


The report analyses the global Pedicle Screw Systems Market based on product type, surgery, indication, application and region.

Global Pedicle Screw Systems Market by Product Type



Based on the product type, the pedicle screw systems industry is bifurcated into monoaxial pedicle screw, polyaxial pedicle screw, and others. Of these, the tablets, and capsules segment registered significant revenue in 2021 attributed to the growing success rate of spinal fusion surgeries. The pedicle screw systems are implanted on patients who suffer from diseases such as spondylolisthesis, degenerative disk disease, fractured vertebra, spinal stenosis, scoliosis, herniated disk, infection, and tumor. In addition, for rods, cages, and plates fixation, pedicle screws are required of different lengths and diameters. These screws stabilize the spine and provide extra support to the implant.

Global Pedicle Screw Systems Market by Surgery



By surgery, the industry is divided into open surgery, and minimally invasive surgery. The open surgery segment of the pedicle screw systems market is expected to grow at a rapid pace through 2030 due to the rising reported cases of spinal deformities attributed to spinal injuries, infection, spinal cancer, and degenerative disc diseases. As per estimates, over 1.6 million spinal surgeries are performed across the globe every year. Thus, the growing demand for the treatment of spinal diseases is one of the prominent factors fuelling the demand for pedicle screw systems and spinal surgeries. Also, rising success rate of spinal deformities surgeries is slated to influence the market demand for pedicle screw systems.

Global Pedicle Screw Systems Market by Indication



Based on indication, the pedicle screw systems industry is categorized spinal deformities, and spinal trauma. The spinal deformities segment accounted for lucrative market share in 2021. This is owing to the rising incidence rate of degenerative spinal diseases. As per the World Health Organisation (WHO) estimates, more than 413 million people are suffering from degenerative spine disease across the globe. Once the disc has degenerated, the degenerative process cannot be reversed through medication, therapy and other methods. Therefore, surgery is one of the best treatments or manageable solutions for degenerative diseases.

Global Pedicle Screw Systems Market by Application



Based on the application, the industry is categorized into cervical fusion, thoracolumbar, and lumber. Among these, the lumber segment is expected to depict significant CAGR from 2022 to 2030. Specialty stores are also emerging as a significant market segment, owing to the increasing reported cases of low back pain (LBP) in the population. Approximately 60-85% of adults suffer from LBP credited to the development of osteophytes in the geriatric population. Also, the spinal fracture incidence rate is around 5% to 6% and the highest cases of fracture are being reported of the thoracolumbar section, followed by the neck and lumbar vertebrae.
Geographical Analysis of Global Pedicle Screw Systems Market


Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America pedicle screw systems market is poised to witness 2.9% growth rate through 2027. The presence of dominant market players and technologies associated with pedicle screw system is attributable to rise in demand for spinal surgeries. The availability of advanced spinal fusion techniques along with the accessibility of innovative implants in the region is set to drive the regional growth. High competition boosts the innovation rate, high quality goods, services and variety in the region which benefits the end-users.
Major Players in the Global Pedicle Screw Systems Market
The key players in the market 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. and NuVasive Inc., among others.
COVID-19 Impact
The spread of COVID-19 pandemic across the globe has impacted the market negatively. Increase in number of COVID-19 infections across several countries has resulted in imposing of lockdown and delaying/postponing the necessary surgical procedures. The spinal fusion procedure was not one of the critical or life-saving procedure during the time and hence, opted as elective surgical procedures. Several countries across the globe were focusing on severe and life-threatening health conditions other than elective surgeries.
Recent Developments

In September 2021, Intelivation Technologies, launched the Golden Isles Pedicle Screw System during the 36th Annual NASS Meeting this week in Boston
In July 2020, CoreLink announced that it launched its Tiger MIS x-tab pedicle screw system designed for the correction of the thoracolumbar spine.
In June 2020, Precision Spine, Inc., announced the worldwide launch of the Reform® Ti Modular Pedicle Screw System for surgeons seeking increased flexibility, versatility, and visibility in degenerative and trauma procedures.

Pedicle Screw Systems Market Report Coverage

The report offers a comprehensive quantitative as well as qualitative analysis of the current global Pedicle Screw Systems Market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
A thorough analysis of market trends and restraints is provided.
Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
The forecasts in this report are made by examining the recent trends along with future Pedicle Screw Systems Market potential from 2021 to 2031 in terms of revenue.
Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Pedicle Screw Systems Market are also analyzed.
Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Frequently Asked Questions
Q1. How big is the Pedicle Screw Systems Market?

Ans. The global Pedicle Screw Systems Market size was USD 2.3 billion in 2021 and is anticipated to reach USD 4.4 billion in 2031, growing at a rate of 6.7% from 2022 to 2031.

Q2. What is the Pedicle Screw Systems Market growth rate?

Ans. The growth rate of the Pedicle Screw Systems Market is 6.7%.

Q3. Which region holds a major market share for the market?

Ans. North America holds a major market share of the Pedicle Screw Systems Market in 2021.

Q4. Which segment accounted for the largest Pedicle Screw Systems Market share?

Ans. By application, segment accounted for the largest Pedicle Screw Systems Market share.

Q5. Who are the key players in the Pedicle Screw Systems Market?

Ans. The global Pedicle Screw Systems Market report includes players such as 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. and NuVasive Inc., among others

Q6. What are the factors driving the Pedicle Screw Systems Market growth?

Ans. The major factors driving the growth of the market are Rapid technological advancements in minimally invasive surgery (MIS) technique.

Q7. What are the key growth strategies of Pedicle Screw Systems Market players?

Ans. The key growth strategies of Pedicle Screw Systems Market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Pedicle Screw Systems Market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Pedicle Screw Systems Market during the forecast period.

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