Pedicle Screw Systems Market size is anticipated to grow significantly during the forecast period from 2018 to 2024. Pedicle screw systems industry should witness significant expansion due to increased number of the spinal cord injuries worldwide. Severe spinal cord injury (SCI) results in vertebral damage that causes complete loss of sensory function or motor control of arms, legs and body. In such condition pedicle screws are used to fix such spinal injuries. In addition, rising geriatric population suffering from arthritis is a major impact positive impact rendering factor on industry growth. As age increases the bone becomes brittle and weak and they are more prone to the wear and tear. As per CDC 2013-2015 data, an estimated 22.7% of adults were diagnosed with arthritis and higher prevalence was found in women 23.5% than in men accounted for 18.1%. Such high prevalence should boost business growth.
Moreover, in the recent years, there has been significant technological advancements in the field of orthopedics that will foster pedicle screw systems market growth in upcoming years. For instance, minimally invasive spine surgeries using FluoroNav Virtual Fluoroscopy System. FluoroNav helps to navigate the spine using familiar x-ray images with greater accuracy and power and a fraction of the usual radiation exposure.
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Based on product type, the industry is segmented into monoaxial pedicle screw and polyaxial pedicle screw. Monoaxial pedicle screws will show significant business growth owing to its high strength and superior fixation structure. Increasing use of these pedicle screws in spine surgeries will fuel pedicle screw industry growth.
Minimal invasive surgery segment dominated the industry due to growing demand for minimally invasive procedure coupled with technologically advanced minimally invasive surgeries. For instance, Nizam’s Institute of Medical Sciences, NIMS technique used for minimally invasive spinal fixation using non-fenestrated pedicle screws is expected to foster business growth.
Spinal deformities segment will witness considerable segmental growth during the forecast period owing to age related degeneration or congenital deformity. Rising geriatric population that is commonly suffering from spine degeneration can lead to deteriorating changes in other parts of the spine. In such condition pedicle screws are used to normalize the changed shape of the spine thereby, spurring pedicle screw revenue size.
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Spinal fractures segment is attributed to show considerable business growth due to increasing prevalence spinal fractures in population. Technological advancements in minimally invasive percutaneous pedicle screw instrumentation offered a better solution in management for unstable spine fractures thereby, should propel industry growth.
U.S. pedicle screw systems market will grow considerably due to rising geriatric population suffering from spine related problems. In addition, increasing number of spine surgeries performed annually in the country along with development of healthcare infrastructure will drive pedicle screw business development in the country.
Few notable industry players include, Aesculap Implant Systems, Alphatec Spine, Auxein Medical, B. Braun Melsungen, CTL Medical, DePuy Synthes Spine, Globus Medical, LDR Holding, Medtronic, Orthopeadic Implant Company, Stryker, X-spine Systems, and Zimmer Biomet. Industry players are focusing their efforts towards developing innovative pedicle screw systems to maintain their market position as well as strengthen product offerings.
- Aesculap Implant Systems, LLC
- Alphatec Spine, Inc.
- Auxein Medical
- B. Braun Melsungen AG
- CTL Medical Corporation
- DePuy Synthes Spine, Inc.
- Globus Medical, Inc.
- LDR Holding Corporation
- Orthopeadic Implant Company
- X-spine Systems, Inc.
- Zimmer Biomet
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