At 7.9% CAGR, the Asia Pacific Pedicle Screws Market is Projected to be worth US$ 374.42 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific pedicle screws market was valued at US$ 204.35 million in 2022 and is expected to reach US$ 374.42 million by 2030, registering a CAGR of 7.9% from 2022 to 2030. Unprecedented shift towards aging population prone to spinal disorders and integration of 3d printing technology in spinal surgeries are the critical factors attributed to the Asia Pacific pedicle screws market expansion.             

The integration of 3D printing technology in spinal surgeries significantly drives the pedicle screws market by revolutionizing the manufacturing process and customization of implants. In the context of pedicle screws, 3D printing enables the production of patient-specific, customized screws tailored to individual anatomies with supreme precision and complexity. This advancement has transformed the traditional manufacturing approach, allowing for the creation of pedicle screws that precisely match the patient’s unique spinal anatomy, thereby reducing the likelihood of complications associated with ill-fitting or standard-sized implants. Surgeons can now utilize detailed preoperative imaging data to design and produce personalized pedicle screws that perfectly conform to the patient’s spinal structure. Furthermore, 3D-printed pedicle screws enhance biomedical compatibility and stability, leading to improved surgical outcomes and patient satisfaction. The capability to manufacture implants with intricate geometries and porous structures promotes osseointegration, facilitating the fusion process and reducing the risk of implant failure. The implementation of 3D printing technology in the production of pedicle screws streamlines the manufacturing process, reduces lead times, and enables greater customization, thereby driving advancements in spinal surgeries. This innovation empowers surgeons with tools for precise and patient-specific solutions, consolidating the role of 3D printing as a significant driver in the pedicle screws market’s growth and development.

On the contrary, regulatory hurdles and challenges associated with pedicle screw fixation hurdles the growth of Asia Pacific pedicle screws market. 

Based on product type, the Asia Pacific pedicle screws market is categorized into polyaxial pedicle screw systems, monoaxial pedicle screw systems, and other pedicle screw systems. The polyaxial pedicle screw systems segment held 69.4% share of Asia Pacific pedicle screws market in 2022, amassing US$ 141.76 million. It is projected to garner US$ 266.18 million by 2030 to expand at 8.2% CAGR during 2022–2030.

Based on application, the Asia Pacific pedicle screws market is categorized into thoracolumbar fracture, spinal tumor, scoliosis, failed fusion, spondylitis. The thoracolumbar fracture segment held 42.7% share of Asia Pacific pedicle screws market in 2022, amassing US$ 87.17 million. It is projected to garner US$ 170.27 million by 2030 to expand at 8.7% CAGR during 2022–2030.

Based on surgery type, the Asia Pacific pedicle screws market is bifurcated into open surgery and minimally invasive surgery. The open surgery segment held 74.3% share of Asia Pacific pedicle screws market in 2022, amassing US$ 151.76 million. It is projected to garner US$ 255.55 million by 2030 to expand at 6.7% CAGR during 2022–2030.

Based on end user, the Asia Pacific pedicle screws market is categorized into hospitals, ambulatory surgical centers, and other end users. The hospitals segment held 57.0% share of Asia Pacific pedicle screws market in 2022, amassing US$ 116.45 million. It is projected to garner US$ 222.42 million by 2030 to expand at 8.4% CAGR during 2022–2030.

Based on country, the Asia Pacific pedicle screws market has been categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific.  Our regional analysis states that China captured 24.3% share of Asia Pacific pedicle screws market in 2022. It was assessed at US$ 49.55 million in 2022 and is likely to hit US$ 103.12 million by 2030, exhibiting a CAGR of 9.6% during 2022–2030.            

Key players operating in the Asia Pacific pedicle screws market are Zimmer Biomet; Globus Medical Inc.; B. Braun SE; Stryker Corp; Medtronic PLC; Surgalign Holdings, Inc.; NuVasive Inc; Orthofix Medical Inc.; and Alphatec Holdings, Inc, among others.

• In Jan 2023, Orthofix and SeaSpine Announce Completion of Merger of Equals to Create a Leading Global Spine and Orthopedics Company.
• In Sep 2021, ATEC Expands Platform with Launch of InVictus OsseoScrew Expandable Spinal Fixation.

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