The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s pedicle screw systems market report forecasts the pedicle screw systems market size to grow to $6.46 Billion by 2027, with a CAGR (compound annual growth rate) of more than 4%.

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Pedicle Screw Systems Market Size Forecast
The global pedicle screw systems market is expected to grow from $5.12 billion in 2022 to $5.40 billion in 2023 at a compound annual growth rate (CAGR) of 5.54%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global pedicle screw systems market size is expected to reach $6.46 billion in 2027 at a CAGR of 4.59%.

North America held the largest pedicle screw systems market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Pedicle Screw Systems Market Driver ­– Rise In The Prevalence Of Arthritis
According to the Centres for Disease Control and Prevention, a US-based agency for the Department of Health and Human Services, by 2040, approximately 78.4 million adults aged 18 and up (equivalent to 25.9% of the anticipated total adult population) will be diagnosed with arthritis, up from 63 million in 2020. As a result, the rising prevalence of arthritis is likely to boost the pedicle screw systems market forward.

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Key Pedicle Screw Systems Market Trend – Product Innovation
To enhance their position and obtain a competitive edge, major businesses in the pedicle screw systems market are focusing on producing innovative products. For example, Intelivation Technologies, a medical equipment manufacturer based in the United States, introduced the Golden Isles Pedicle Screw SystemTM. When treating the lumbar and sacral spines, the device is specifically designed to provide immobilisation and stabilisation to spinal segments in adults. It is meant for non-cervical pedicle fixation at the back for patients who have attained skeletal maturity, and it is intended to treat a wide range of disorders including deformities, trauma, degenerative disc disease, pseudoarthrosis, spondylolisthesis, and failed prior fusions.

Pedicle Screw Systems Market Segment
1) By Product: Monoaxial Pedicle Screw, Polyaxial Pedicle Screw, Other Products
2) By Surgery Type: Open Surgery, Minimally Invasive Surgery
3) By Indication: Spinal Trauma Injuries, Spinal Deformities, Spinal Degeneration, Other Indications
4) By Application: Hospitals, Clinic, Other Applications

Pedicle Screw Systems Market Major Players and Strategies
Major players in the pedicle screw systems market are Globus Medical Inc., Medtronic PLC, Orthofix Medical Inc., Stryker Corporation, DePuy Synthesis Spine Inc., Zimmer Biomet, B. Braun SE, Alphatech Holdings Inc., RTI Surgical Inc., Johnson & Johnson, Atec Inc., CoreLink Holding LLC, Xtant Medical, Implant Systems LLC, Evolution Spine LLC, Exactech Inc., Implanet SA, Life Spine Inc., NuVasive Inc., Qualgenix LLC, and Solco Biomedical Pvt Ltd.

eCential Robotics, a medical equipment manufacturer based in France, teamed with ChoiceSpine LLC in June 2022 to offer a unified, optimised solution that improves robotic spine implant surgery. This collaboration aimed to improve the precision and effectiveness of spinal implant procedures in order to improve patient outcomes. ChoiceSpine LLC is a medical device manufacturer situated in the United States.

The Pedicle Screw Systems Global Market Report 2023 covers regional data on pedicle screw systems market size, pedicle screw systems market trends and drivers, opportunities, strategies, and pedicle screw systems market competitor analysis. The countries covered in the pedicle screw systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Pedicle screw systems are a form of spinal implant that is used to reinforce and stabilise the damaged vertebrae during spinal fusion surgery. They are used in spinal fusions to provide additional support and strength to the fusion as well as to encourage bone graft recovery while restricting movement.

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