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Pedicle Screw Systems Market Trends

Report ID: GMI3063
Published Date: Sep 2024
Report Format: PDF

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Pedicle Screw Systems Market Trends

The market is experiencing transformative changes driven by several key trends. One significant trend is the advancement of minimally invasive surgical instruments and techniques.

These approaches reduce the need for large incisions, leading to shorter recovery times, less postoperative pain, and reduced risk of complications. As a result, there is a growing preference for pedicle screw systems designed for minimally invasive procedures, which contribute to an expanding market share.
Another notable trend is the integration of smart technologies and robotics in spinal surgeries. Innovations such as computer-assisted navigation systems and robotic-assisted surgical platforms are enhancing the precision and efficiency of pedicle screw placements. These technologies enable surgeons to achieve greater accuracy in screw placement and alignment, improving patient outcomes and reducing the risk of surgical errors. The incorporation of these advanced technologies into pedicle screw systems is driving market growth and reshaping the competitive landscape.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global pedicle screw systems industry was valued at USD 2 billion in 2023 and is expected to exhibit a CAGR of 5.6% from 2024-2032, attributed to increasing spinal injuries, a growing number of accidents, and technological advancements.

The polyaxial pedicle screw segment generated the highest revenue of USD 976 million in 2023, due to their versatility and enhanced stability.

North America pedicle screw systems market accounted for USD 1.2 billion in 2023 and is anticipated to record a CAGR of 5% between 2024 to 2032, due to a combination of high healthcare standards and advanced medical technology.

B. Braun, CTL Medical Corporation, Genesys Spine, LLC, Globus Medical, Inc., Johnson & Johnson, Medacta International SA, Medtronic, Inc., Orthofix Medical Inc., Precision Spine, Inc., and RTI Surgical Holdings, Inc.