The pedicle screw systems market is set to grow substantially by 2027 on account of increasing adoption of minimally invasive surgery (MIS) techniques globally.

Pedicle screws are sometimes used in spinal fusions to provide additional support and strength while the spinal fusion heals. Pedicle screws are inserted above and below the fused vertebrae along with a rod connecting the screw, which inhibits movement, allowing the fusion to heal. Growing incidences of traumatic spinal injuries and accidents have fostered product uptake. Additionally, rising patient preference for minimally invasive surgical procedures has augmented industry development in recent years.

Moreover, industry players have been employing profitable strategies to strengthen their foothold in the evolving marketplace, thereby enhancing the overall business landscape. For instance, in April 2021, Globus Medical Inc., a prominent medical device company specializing in musculoskeletal healing products, launched its novel robotic screw, dubbed the CREO ONE. The CREO ONE has been designed to enhance the company’s pedicle screw platform by maintaining navigational accuracy, simplifying the pedicle preparation, and giving 86% better pullout strength than conventional pedicle screws.

The pedicle screw systems market has been segregated on the basis of application, product type, indication, surgery, and region. With respect to product type, the market has further been classified into polyaxial pedicle screw, monoaxial pedicle screw, and others. The monoaxial pedicle screw sub-segment is expected to grow at a robust pace to reach market revenue of around USD 998.5 million by the end of 2027.

On the surgery front, the market has been segmented into minimally invasive surgery and open surgery. The pedicle screw systems market from the minimally invasive surgery sub-segment is estimated to garner significant gains by 2027, progressing at a CAGR of above 6.8% through the analysis period.

From the indication perspective, the pedicle screw systems market has been categorized into spinal trauma and spinal deformities. The spinal trauma sub-segment was valued at nearly USD 548.9 million in 2020 and is projected to observe solid expansion over 2021-2027.

In terms of application, the pedicle screw systems market has been bifurcated into lumbar, cervical fusion, and thoracolumbar. In 2020, the thoracolumbar sub-segment held a sizable market share of about 26.7% and is anticipated to exhibit considerable development through the analysis timeline.

From the regional point of view, the Latin America pedicle screw systems market accounted for approximately 4.6% of the global industry in terms of revenue in 2020 and is poised to gain notable traction over the study timeframe. Meanwhile, the Middle East & Africa pedicle screw system market is speculated to expand at a CAGR of more than 2.1% over the assessment period.