At 5.5% CAGR, the Europe Pedicle Screws Market is Projected to be worth US$ 383.33 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe pedicle screws market was valued at US$ 249.81 million in 2022 and is expected to reach US$ 383.33 million by 2030, registering a CAGR of 5.5% from 2022 to 2030. Unprecedented shift towards aging population prone to spinal disorders and rising number of spinal surgeries using pedicle screw systems are the critical factors attributed to the Europe pedicle screws market expansion.             

The rising adoption of minimally invasive surgeries, coupled with technologically advanced robotic and image-guided (IG) surgeries, is anticipated to boost overall market growth, thereby providing lucrative opportunities for emerging market players. Over the past many years, minimally invasive surgical procedures have become feasible, popular, and efficient for managing spinal disorders. Spinal surgeries using pedicle screws are transforming significantly towards a minimally invasive paradigm. Navigated pedicle screw insertion has been proven fundamental in minimally invasive spinal surgeries. These types of surgeries provide various advantages over open surgeries, such as less damage to soft tissue and muscle, less pain post-surgery, shorter hospital stay, and quicker recovery. Additionally, many companies in the pedicle screw market are involved in new product innovations to ease the overall surgical procedures. For instance, in January 2023, Orthofix Medical launched a fully commercial mariner deformity pedicle screw system. The product was launched to advance reduction and correct instrumentation, specialized implant technologies, and for osteotomy tools for better surgical intervention.

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

Based on product type, the Europe 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 Europe pedicle screws market in 2022, amassing US$ 173.49 million. It is projected to garner US$ 273.11 million by 2030 to expand at 5.8% CAGR during 2022–2030.

Based on application, the Europe pedicle screws market is categorized into thoracolumbar fracture, spinal tumor, scoliosis, failed fusion, spondylitis. The thoracolumbar fracture segment held 42.9% share of Europe pedicle screws market in 2022, amassing US$ 107.14 million. It is projected to garner US$ 174.69 million by 2030 to expand at 6.3% CAGR during 2022–2030.

Based on surgery type, the Europe pedicle screws market is bifurcated into open surgery and minimally invasive surgery. The open surgery segment held 74.4% share of Europe pedicle screws market in 2022, amassing US$ 185.94 million. It is projected to garner US$ 261.14 million by 2030 to expand at 4.3% CAGR during 2022–2030.

Based on end user, the Europe pedicle screws market is categorized into hospitals, ambulatory surgical centers, and other end users. The hospitals segment held 56.7% share of Europe pedicle screws market in 2022, amassing US$ 141.70 million. It is projected to garner US$ 224.82 million by 2030 to expand at 5.9% CAGR during 2022–2030.

Based on country, the Europe pedicle screws market has been categorized into the UK, Germany, France, Italy, Spain, and the Rest of Europe.  Our regional analysis states that Germany captured 29.8% share of Europe pedicle screws market in 2022. It was assessed at US$ 74.47 million in 2022 and is likely to hit US$ 115.50 million by 2030, exhibiting a CAGR of 5.6% during 2022–2030.            

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

• In Aug 2022, Surgalign received FDA 510(k) Clearance of the Cortera Spinal Fixation System.
• In Jan 2023, Orthofix and SeaSpine Announce Completion of Merger of Equals to Create a Leading Global Spine and Orthopedics Company.

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