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.
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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.
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Global Pedicle Screw Systems Market Segmentation
By Product Type
- Monoaxial Pedicle Screw
- Polyaxial Pedicle Screw
- Others
By Surgery
- Open Surgery
- Minimally Invasive Surgery
By Indication
- Spinal Deformities
- Spinal Trauma
By Application
- Cervical Fusion
- Thoracolumbar
- Lumber
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.
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