The pedicle screw market is projected to grow significantly, reaching an estimated US$ 1,012.36 million by 2030, up from US$ 943.93 million in 2022, reflecting a compound annual growth rate (CAGR) of 6.3% during the period from 2022 to 2030.
The pedicle screw system is crucial for enhancing the structural integrity and support of the spinal cord, particularly in cases of damage. The increasing number of medical professionals specializing in spinal surgery is anticipated to propel the growth of the pedicle screw market. Data from Health Central LLC indicates that in 2019, around 1.62 million spinal procedures were conducted annually in the United States, contributing to a total of approximately 313 million surgeries each year, which includes 500,000 lumbar spine surgeries. The financial aspect of these surgeries is also significant; as reported by Health Trust-The Source Magazine in 2022, the average cost for lumbar spinal fusion surgery is about US$ 80,000, with around 1.2 million such surgeries performed each year.
Moreover, advancements in the pedicle screw system have paralleled the increase in spinal surgeries. The integration of navigation systems during the placement of pedicle screws represents a significant innovation in this market. Additionally, the use of robotics for pedicle screw placement enhances precision and reduces the invasiveness of surgical procedures. Although the application of robotics in elderly patients has not been extensively researched, this demographic stands to gain considerably from robotic-assisted techniques, which can lead to shorter operative times, reduced blood loss, and less postoperative discomfort, ultimately lowering the risk of complications.
Furthermore, the growing use of pedicle screw systems in the treatment of degenerative spinal disorders is another factor driving market expansion. There has been a notable increase in sports-related injuries and spinal cord injuries (SCI), as well as accidental fractures, which necessitate surgical interventions and subsequently the use of pedicle screws. According to the National Spinal Cord Injury Statistical Center, the annual incidence of traumatic spinal cord injuries in the U.S. was approximately 54 cases per million people in 2021. This rising incidence of spinal cord injuries is expected to further stimulate demand for the pedicle screw market, thereby enhancing overall market growth.
Increasing Adoption of Minimally Invasive Surgeries Contributing to Market Expansion
The growing trend towards minimally invasive surgeries, along with advancements in robotic and image-guided surgical techniques, is likely to further enhance market growth, creating lucrative opportunities for new entrants in the market. Over recent years, minimally invasive surgical methods have gained traction as effective and efficient solutions for treating spinal disorders. The shift towards minimally invasive approaches in spinal surgeries utilizing pedicle screws is significant. Navigated pedicle screw insertion has become a cornerstone of minimally invasive spinal surgery, offering numerous benefits over traditional open surgeries, including reduced soft tissue and muscle damage, decreased postoperative pain, shorter hospital stays, and faster recovery times.
In addition, various companies within the pedicle screw market are actively pursuing product innovations to streamline surgical procedures. For example, in January 2023, Orthofix Medical introduced a fully commercial mariner deformity pedicle screw system aimed at enhancing reduction and correction instrumentation, along with specialized implant technologies and osteotomy tools for improved surgical outcomes. Similarly, in September 2021, Alphatec Holdings, Inc. expanded its spinal fixation platform with the launch of InVictus OsseoScrew, which was the first commercially available pedicle screw technology designed to optimize fixation and address the clinical challenge of fixation failure in bone.
The pedicle screw market is categorized based on product type, application, surgery type, and end user. In terms of product type, the market includes polyaxial pedicle screw systems, monoaxial pedicle screw systems, and other variants. The application segment encompasses thoracolumbar fractures, spinal tumors, scoliosis, and failed spine fusion spondylitis. Regarding surgery type, the market is divided into open surgery and minimally invasive surgery. The end user segment includes hospitals, ambulatory surgical centers, and other healthcare facilities. Geographically, the pedicle screw market is segmented into North America (including the US, Canada, and Mexico), Europe (covering the UK, Germany, France, Italy, Spain, and the rest of Europe), Asia Pacific (including China, Japan, India, Australia, South Korea, and the rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and the rest of the region), and South & Central America (Brazil, Argentina, and the rest of the region).
In terms of geography, North America dominates the global pedicle screw market, with the US, Canada, and Mexico being the primary contributors to market growth. The US is expected to remain the largest market for pedicle screws from 2022 to 2030, driven by factors such as the rising prevalence of spinal disorders and an increase in comprehensive clinical research and contract research activities. Additionally, the US is technologically advanced compared to other developed and emerging nations, leading to the development of a wide range of pedicle screws and related technologies. The growing incidence of lumbar fractures, spinal deformities, and spinal tumors among the US population, coupled with technological advancements in pedicle screws, is fueling demand. According to the National Health Services in 2022, the lifetime incidence of low back pain (LBP) in the US is reported to be between 60% and 90%, with an annual incidence of 5%. Furthermore, approximately 14.3% of new patients consult physicians for LBP each year, and around 13 million individuals seek medical attention for chronic LBP.