The global pedicle screw systems market has witnessed increased interest in the recent years, resulting in steady growth, at a moderate pace. This can be attributed to the increased incidence of lumbar degenerative disc diseases, which has had a positive impact on the growth of the pedicle screw systems market. The study by Future Market Insights on the prospective expansion of the market estimates based on this, that the pedicle screw systems market is likely to grow at approximately 5% globally, during the course of the forecast period.
There is a rising incidence of lumbar
degenerative disc diseases, in the treatment of which pedicle screws are used,
to which the growth of the global pedicle screw systems market is being
the Global Burden of Spinal Cord Injury
The rising incidence of spinal cord
injuries and the subsequent use of treatment options has forced governments and
regulatory organisations to focus on reducing the global economic burden of
spinal cord injuries. This has caused them to increase funding for the
development of better spinal implant treatment options that improve patient
outcome, which has had a direct positive impact on the growth of the global
pedicle screw systems market.
Invasive Procedures Propel Popularity
The advent of minimally invasive procedures
and surgeries has reshaped the healthcare industry as a whole drastically, with
consumer preference shifting rapidly from conventional surgeries to minimally
invasive. With advantages such as shorter hospital stays and a quicker recovery
process, patients are increasingly shifting away from conventional to minimally
invasive procedures and surgeries. This is particularly significant in the case
of spinal fusion treatment using pedicle screw systems, with the introduction
of lateral access spine surgery.
Manufacturers in the global pedicle screw
systems market are increasingly looking to improve patient outcomes by focusing
on one-level pedicle screw systems. They are also increasingly looking at
employing different materials that make them more affordable without
deteriorating the outcome for the patient. Some of the newer materials being
used include molybdenum rhenium (MoRe), a super-alloy that exhibits greater
strength and fatigue, when compared to titanium alloys, which is also more osteoconductive
Markets within the Global Scenario
The global market for pedicle screw systems
is being propelled by rapid healthcare advancements that has led to lucrative
growth for manufacturers. As the scenario currently stands, North America and
Europe are expected to have the most significant shares in the market by the
end of the forecast period, due to the rise in production facilities of the
manufacturers in the region, coupled with the demand for surgical management options
for degenerative scoliosis.
However, the regional market in East Asia is expected to project lucrative opportunities for manufacturers, especially in Japan, which is likely to boost the growth of the pedicle screw system market reaping the first-mover advantage by being technologically advanced. The introduction of robotic systems in the implantation of the pedicle screw system is also expected to contribute to the solidifying of Japan’s position in the global scenario.
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