The pedicle screw systems market is expected to reach USD 724.23 million by 2023 from USD 538.64 million in 2018, at a CAGR of 6.1%. according to the latest MarketsandMarkets (MnM) analysis. The key strategies followed by most companies in the pedicle screw systems market are product launches, expansions, and acquisitions.

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The major factors driving the growth of this market are the increasing incidence of spinal cord injuries, technological advancement, rising geriatric population, and the growing preference for minimally invasive surgeries.

Key Players

Key players in the pedicle screw systems market include DePuy Synthesis (US), Globus Medical (US), Zimmer Biomet (US), B. Braun (US), Medtronic (Ireland), and Stryker (US).

DePuy Synthes held the leading position in the global pedicle screw systems market. The company has a strong product portfolio of pedicle system products. In order to further expand and maintain its leading position in this market, it focused on inorganic and organic strategies such as acquisitions, product launches & approvals.

Research Methodology

Top-down and bottom-up approaches are used to estimate and validate the size of pedicle screw systems industry and the size of various other dependent submarkets. The overall market size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation—by product type, surgery type, indication, and application) through percentage splits from secondary and primary research.

Market Segmentation

The MnM report throws light on an inclusive segmental analysis of the global Genotyping Assay market based on Product Type, Application.

Polyaxial pedicle screw systems are expected to account for the largest market share
Open surgery is estimated to account for the largest share of the pedicle screw systems market
The spinal degeneration segment is estimated to grow at the highest CAGR during the forecast period
Regional Analysis

Based on region, the pedicle screw systems market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the global pedicle screw systems market.

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The increasing incidence of spinal cord injuries, along with rising geriatric population in this region, are supporting the growth of the pedicle screw systems market in North America.