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The orthopedic pedicle screws market size is forecast to increase by USD 342.76 million at a CAGR of 7.83% between 2023 and 2028.
The orthopedic pedicle screws industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The hospitals segment is estimated to witness significant growth during the forecast period.
The market is experiencing significant growth due to the increasing prevalence of orthopedic conditions, particularly among the aging population. Hospitals and ambulatory surgery centers are key markets for these screws, with the demand driven by advanced medical technologies and an increase in orthopedic procedures. Innovative companies, such as Zimmer, Stryker, and Medtronic, are leading the market with advanced pedicle screw systems. These solutions incorporate various designs, including screw head designs, thread designs, and locking mechanisms, to enhance implant stability and improve surgical techniques. Robotic surgery and image-guided surgery are also gaining popularity for their precision and minimally invasive nature.
The market is further propelled by research and development initiatives, strategic partnerships, and a focus on infection control, patient satisfaction, and minimally invasive surgery. Orthopedic surgeons are increasingly using pedicle screws for spinal fusion procedures to treat conditions like degenerative disc disease, spinal stenosis, and vertebral fractures. The market is also witnessing the emergence of 3D printed implants, bone graft substitutes, and biocompatible materials to enhance implant performance and patient outcomes. Titanium alloys and stainless steel are commonly used materials for pedicle screws due to their strength and biocompatibility. The market is expected to continue growing, driven by these trends and the ongoing advancements in orthopedic technology.
The Hospitals segment was valued at USD 466.19 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 39% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is experiencing steady growth, driven by several factors. The increasing prevalence of spinal deformities and degenerative disc diseases, coupled with the rising number of spinal fusion surgeries, particularly in developed countries like the US and Canada, are significant contributors to market expansion. Furthermore, the aging population and the subsequent increase in the incidence of geriatric conditions, such as vertebral fractures and spinal stenosis, are also fueling market growth. In addition, advancements in surgical techniques, including minimally invasive surgery, image-guided surgery, and robotic surgery, are improving patient outcomes and reducing postoperative complications.
Moreover, the adoption of biocompatible materials, such as titanium alloys and stainless steel, in pedicle screw systems is ensuring implant stability and enhancing patient satisfaction. The market is further propelled by the presence of reimbursement policies, which facilitate access to orthopedic implants and bone graft substitutes for patients. Spine specialists in ambulatory surgery centers are increasingly utilizing pedicle screw fixation systems to treat various spinal conditions. Furthermore, the emergence of 3D printed implants and the use of bioresorbable materials in screws and thread designs are offering new opportunities for market growth. However, infection control remains a critical challenge, and companies must focus on addressing this concern to ensure patient safety.
Overall, the market is expected to continue its growth trajectory, driven by these trends and the increasing demand for effective spinal instrumentation solutions.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The orthopedic pedicle screws market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the orthopedic pedicle screws market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, orthopedic pedicle screws market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Alphatec Holdings Inc. - This company specializes in manufacturing advanced roll forming machines, including solutions for roofing panels and glazed tiles, as well as double deck configurations. Our product range caters to various industries, delivering precision and efficiency through innovative engineering and technology. By investing in our machines, businesses can streamline production processes, enhance product quality, and improve overall operational efficiency. Our commitment to research and development ensures continuous innovation and the delivery of cutting-edge solutions.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market continues to evolve, driven by advancements in spinal instrumentation and the expanding application across various sectors. Spinal deformity and ambulatory surgery centers are notable areas of growth, as minimally invasive surgical techniques gain popularity. The ongoing development of screw head designs, thread designs, and surgical techniques, such as robotic surgery and image-guided surgery, further enhance the market's dynamism. Implant stability, a critical factor in orthopedic implants, is a focus for innovation. Titanium alloys and biocompatible materials are commonly used for screws, with stainless steel and bioresorbable materials also gaining traction. The integration of 3D printed implants and bone graft substitutes adds to the market's complexity.
Orthopedic surgeons and spine specialists are at the forefront of these advancements, working to improve patient satisfaction and address challenges like postoperative complications, infection control, and vertebral fracture. Reimbursement policies and surgical center regulations continue to shape market trends, while screw diameter, length, compression strength, and fatigue strength remain essential considerations. The market's continuous unfolding is marked by the emergence of new technologies, such as laparoscopic surgery and pedicle screw systems, and the ongoing refinement of existing ones. Pedicle screw fixation and screw thread design continue to be areas of active research, as the industry strives to improve patient outcomes and expand the scope of orthopedic applications.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Orthopedic Pedicle Screws Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.83% |
Market growth 2024-2028 |
USD 342.76 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.28 |
Key countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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