Global Orthopedic Pedicle Screws Market to Grow by USD 168.68 Million During 2019-2023 | Technavio

June 14, 2019

LONDON–(BUSINESS WIRE)–Technavio’s latest market research report on the global orthopedic pedicle screws market predicts the market to witness a CAGR of more than 6% during the forecast period. This research report segments the market by product (monoaxial and polyaxial orthopedic pedicle screws, and cannulated orthopedic pedicle screws), and geography (North America, Europe, Asia, and ROW).

Growing focus on the development of bioengineered orthopedic pedicle screws

The orthopedic pedicle screws market is witnessing the development of bioengineered orthopedic pedicle screws that offer biocompatibility and better stability. These screws are non-toxic and are not physiologically reactive, and hence, do not lead to immunological rejection. The use of orthopedic pedicle screw system is increasing significantly in spine surgery owing to its ability to achieve the rigid spinal fixation. However, the loosening of screws is one of the major complications in posterior spinal instrumentation. As a result, researchers are focusing on developing carbon fiber/polyetheretherketone orthopedic pedicle screws that can mitigate this issue. Therefore, the development of bioengineered orthopedic pedicle screws will fuel the growth of the global orthopedic pedicle screws market during the forecast period.

Monoaxial and polyaxial orthopedic pedicle screws segment will garner the highest share

Monoaxial and polyaxial orthopedic screws was the largest segment of the global market in 2018 and is expected to grow faster than the overall market during the forecast period. These screws are designed to treat a wide range of deformities such as scoliosis, disc degeneration disease, and fractures. These screws are also useful for posterior pelvic fixation in scoliosis surgery and in posterior fractures. Such wide applications of monoaxial and polyaxial screws are propelling their demand in the marketplace.

“Vendors are offering various types of monoaxial and polyaxial orthopedic pedicle screws, which are made up of different types of materials, including stainless steel and Ti alloys. Manufacturers are also focusing on developing different alloys that can provide better stability. Thus, the presence of various established vendors, along with new product launches and development of advanced materials will boost the growth of this segment in the coming years,” says a senior research analyst at Technavio.

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Orthopedic pedicle screws to witness fastest adoption in Asia.

Asia, the third largest geographical segment in the orthopedic pedicle screws market, is expected to grow faster than the overall market during the forecast period. The growth of the orthopedic pedicle screws market in Asia will be driven by factors such as the increasing adoption of MI spine surgeries in emerging and developed countries such as India, Japan, China, and Singapore, the growing presence of hospitals and clinics, and new product launches.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the global orthopedic pedicle screws market analysis include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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