Pedicle Screw Systems Market Research Report – Forecast till 2027

Pedicle Screw Systems Market: Information by Surgery Type (Open, Minimally Invasive), Product Type (Polyaxial Pedicle Screw, Others), Indication (Spinal Trauma, Others), Application (Thoracolumbar Fusion, Others), End User- Forecast till 2027

Q: Which region would top the pedicle screw system market?

The Americas would lead the pedicle screw system market.. Read More

ID: MRFR/HC/5616-HCR | February 2021 | Region: Global | 85 pages

Pedicle Screw Systems Market Scenario:

The Pedicle Screw Systems Market is accounted for USD 506.65 million in 2017 and expected to register ~ 6.3 % CAGR during the forecast period (2018–2023).

Pedicle screw system are the instruments that are used in spinal surgery to stop the pain caused by joints owing to disease. These screws are used in the lumbar spine for more complex anatomy such as the thoracic and thoracolumbar level. The pedicle screw allows stability in spinal arthrodesis and provide three column control over the spinal elements for improving deformation.

The rising prevalence of arthritis, increasing incidence of spinal cord injuries, aging population, and growing preference of minimally invasive surgeries are expected to drive the growth of the market. Moreover, rising R&D spending and aggressive strategies adopted by the top players such as new product launches are contributing to the growth of the market. For instance, in September 2018, Nvision Biomedical Technologies, LLC launched the pedicle screw system focus at North American Spine Society (NASS).

The high cost associated with pedicle screw systems, Sluggish product approval processes and strict regulatory frameworks may hamper the growth of the market during the assessment period.

Segmentation:

The Global Pedicle Screw Systems Market has been segmented on the basis of surgery type, product type, indication, application, and end user.

On the basis of surgery type, the market has been classified as open surgery and minimally invasive surgery. The market, by product type, has been segmented into polyaxial pedicle screw systems, monoaxial pedicle screw systems, and others. Based on indication, the market has been segmented into spinal degeneration, spinal trauma, spinal deformities, and others. The market, by application, has been segmented into thoracolumbar fusion and spinal cervical fusion. On the basis of end user, the market has been classified as hospitals and clinics, research organization and academic institute, and others. The polyaxial pedicle screw systems segment is expected to hold the largest market share of the pedicle screw systems market, by product type, during the forecast period. Also, minimally invasive surgery to register the highest CAGR in the global pedicle screw systems market during the forecast period.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The pedicle screw systems market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European pedicle screw systems market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The pedicle screw systems market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The pedicle screw systems market in the Middle East & Africa has been segmented into the Middle East and Africa.

Regional Market Summary:

Pedicle Screw Systems Global Market Share, by Region, 2017 (%)

Source: MRFR Analysis

The Americas are likely to dominate the global pedicle screw systems market owing to the rising prevalence of spinal disorders, increasing geriatric population, and rising in FDA approved pedicle screws. According to the report published by Centers for Disease Control and Prevention (CDC), in 2016, 5.1% of men of 65 years and over are suffering with lumbar spine in United States. Also, 24.5% of women 65 years of age and over have lumbar spine in United States.

The European market is expected to be the second-largest pedicle screw systems market. The market growth in this region can be attributed to the government support for research & development and availability of funds for research.

Asia-Pacific is expected to be the fastest-growing pedicle screw systems market during the forecast period owing to the rising number of the orthopedic surgeries, rising investments in healthcare and expansions by market players in the region. Moreover, country such as India and China are considering fastest growing region due to the presence of huge patient population. Moreover, the government of these countries are open to adopt new technology, and best treatment option from a developed country. According to the report published by OMICS International, in 2017, around 500,000 to 600,000 spinal surgery had performed in China.

The market in the Middle East & Africa is expected to account for the smallest share of the global pedicle screw systems market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.

Key Players:

Some of the key players in the global pedicle screw systems market are Alphatec Spine, Inc., Amedica Corporation, B. Braun Melsungen AG, Depuy Synthes, Globus Medical, Inc., K2M Group Holdings, Inc., Medtronic PLC, Nvision Biomedical Technologies, LLC., Orthofix International N.V., RTI Surgical, Inc., SeaSpine, Stryker Corporation, Zimmer Biomet Holdings, Inc.

Pedicle Screw Systems Global Market, by Surgery Type:

Open Surgery

Minimally Invasive Surgery

Pedicle Screw Systems Global Market, by Product Type:

Polyaxial Pedicle Screw Systems

Monoaxial Pedicle Screw Systems

Others

Pedicle Screw Systems Global Market, by Indication:

Spinal Degeneration

Spinal Trauma

Spinal Deformities

Others

Pedicle Screw Systems Global Market, by Application:

Thoracolumbar Fusion

Spinal Cervical Fusion

Global Pedicle Screw Systems Market, by End User:

Hospitals and Clinics

Research Organization and Academic Institute

Others

Global Pedicle Screw Systems Market, by Region:

Americas
- North America
  - US
  - Canada
- South America

Europe
- Western Europe
  - Germany
  - France
  - Italy
  - Spain
  - UK
  - Rest of Western Europe
- Eastern Europe

Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific

The Middle East & Africa
- Middle East
- Africa

Company Profiles:

Alphatec Spine, Inc.

Amedica Corporation

Braun Melsungen AG

Depuy Synthes

Globus Medical, Inc.

K2M Group Holdings, Inc.

Medtronic PLC

Nvision Biomedical Technologies, LLC.

Orthofix International N.V.

RTI Surgical, Inc.

SeaSpine

Stryker Corporation

Zimmer Biomet Holdings, Inc.

Others

Intended Audience:

Pedicle screw system manufacturing companies

Distributors and suppliers of pedicle screw systems

Hospitals

Research and consulting firms

Report Scope:

Report Attribute/Metric	Details
Market Size	2017: USD 506.65 million
CAGR	2018-2023: ~ 6.3 %
Base Year	2019
Forecast Period	2027
Historical Data	2018
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Surgery Type, Product Type, Indication, Application and End User
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Alphatec Spine, Inc., Amedica Corporation, B. Braun Melsungen AG, Depuy Synthes, Globus Medical, Inc., K2M Group Holdings, Inc., Medtronic PLC, Nvision Biomedical Technologies, LLC., Orthofix International N.V., RTI Surgical, Inc., SeaSpine, Stryker Corporation, Zimmer Biomet Holdings
Key Market Opportunities	Rising R&D spending and aggressive strategies adopted by the top players such as new product launches
Key Market Drivers	Rising prevalence of arthritis Increasing incidence of spinal cord injuries Aging population Growing preference of minimally invasive surgeries

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Frequently Asked Questions (FAQ) :

What is the possible CAGR for the pedicle screw system market during the forecast period of 2018 to 2023?

The pedicle screw system market has the chance to grow with a 6.3% CAGR during the forecast period of 2018 to 2023.

What was the valuation of the pedicle screw system market in 2017?

The pedicle screw system market had a valuation of USD 506.65 million in 2017.

What would be the major driving factors for the pedicle screw system market?

Technological improvement and growing use of minimally-invasive surgeries are going to inspire a better growth rate for the pedicle screw system market.

What could restrain the pedicle screw system market?

The sluggish acceptance rate of procedures, high cost of the system, and lack of infrastructure can hold back the expected pedicle screw system market.

Which region would top the pedicle screw system market?

The Americas would lead the pedicle screw system market.

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1. Definition

2.2. Scope of the Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

Chapter 3. Research Methodology

3.1. Introduction

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

Chapter 4. Market Dynamics

4.1. Drivers

4.2. Restraints

4.3. Opportunities

4.4. Challenges

4.5. Macroeconomic Indicators

4.6. Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power of Suppliers

5.1.2. Bargaining Power of Buyers

5.1.3. Threat of New Entrants

5.1.4. Threat of Substitutes

5.1.5. Intensity of Rivalry

5.2. Value Chain Analysis

5.3. Investment Feasibility Analysis

5.4. Pricing Analysis

Chapter 6. Global Pedicle Screw Systems Market, by Surgery Type

6.1. Introduction

6.2. Open Surgery

Market Estimates & Forecast, by Region, 2020-2027