At 4.0% CAGR, the Middle East & Africa Pedicle Screws Market is Projected to be worth US$ 72.91 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa pedicle screws market was valued at US$ 52.67 million in 2022 and is expected to reach US$ 72.91 million by 2030, registering a CAGR of 4.0% 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 Middle East & Africa pedicle screws market expansion.             

The pedicle screw system industry has gained traction owing to the rising elderly population prone to various spinal disorders. These population is becoming more susceptible to developing spinal disorders such as degenerative disc diseases, osteoarthritis, scoliosis, spinal tumor, and spinal stenosis. As this population ages, the natural wear and tear of the spine can lead to several spinal disorders. Hence, with this fact, the aging population poses a unique challenge to spine surgeons due to multiple increased frailty, medical comorbidities, decreased nutritional status, and the higher probability of postoperative complications. According to the World Health Organization (WHO) data published in October 2022, approximately 80% of the elderly population will be living in low-and middle-income countries by 2050, and it is anticipated that the pace of this population aging will be much faster than in the past. Additionally, pedicle screws are widely used during vertebral fracture, vertebral deformity, spinal trauma, spinal tumor etc. Postoperative vertebral fractures with pedicle screw fixation are relatively common complications. The surgical management of these fractures and spinal disorders often requires pedicle screw fixation. For instance, surgical management of scoliosis includes decompression of neutral elements and fusion to realign the spinal segment pedicle screw system. Another study published in the International Journal of Clinical and Experimental Medicine in 2020, investigated minimally invasive percutaneous pedicle screw fixation versus open pedicle screw fixation for senile osteoporotic vertebral fracture and concluded that both open and minimally invasive surgery can provide satisfactory results using pedicle screw fixation. The study also demonstrated that minimally invasive percutaneous pedicle screw fixation is a relatively new treatment type. Hence, the rising adoption of these pedicle screw fixation among these types of surgeries is anticipated to boost the overall market growth.

On the contrary, regulatory hurdles and challenges associated with pedicle screw fixation hurdles the growth of Middle East & Africa pedicle screws market. 

Based on product type, the Middle East & Africa 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 69.1% share of Middle East & Africa pedicle screws market in 2022, amassing US$ 36.42 million. It is projected to garner US$ 51.93 million by 2030 to expand at 4.3% CAGR during 2022–2030.

Based on application, the Middle East & Africa pedicle screws market is categorized into thoracolumbar fracture, spinal tumor, scoliosis, failed fusion, spondylitis. The thoracolumbar fracture segment held 43.1% share of Middle East & Africa pedicle screws market in 2022, amassing US$ 22.74 million. It is projected to garner US$ 33.34 million by 2030 to expand at 4.7% CAGR during 2022–2030.

Based on surgery type, the Middle East & Africa pedicle screws market is bifurcated into open surgery and minimally invasive surgery. The open surgery segment held 75.3% share of Middle East & Africa pedicle screws market in 2022, amassing US$ 39.68 million. It is projected to garner US$ 51.22 million by 2030 to expand at 3.2% CAGR during 2022–2030.

Based on end user, the Middle East & Africa pedicle screws market is categorized into hospitals, ambulatory surgical centers, and other end users. The hospitals segment held 55.9% share of Middle East & Africa pedicle screws market in 2022, amassing US$ 29.43 million. It is projected to garner US$ 42.16 million by 2030 to expand at 4.6% CAGR during 2022–2030.

Based on country, the Middle East & Africa pedicle screws market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa.  Our regional analysis states that Saudi Arabia captured 34.5% share of Middle East & Africa pedicle screws market in 2022. It was assessed at US$ 18.17 million in 2022 and is likely to hit US$ 27.59 million by 2030, exhibiting a CAGR of 5.4% during 2022–2030.            

Key players operating in the Middle East & Africa pedicle screws market are Zimmer Biomet; Globus Medical Inc.; B. Braun SE; Stryker Corp; and Medtronic PLC, among others.

• In Mar 2022, Zimmer Biomet Announces Completion of ZimVie Spinoff.
• In Oct 2020, Stryker Marks One Million Mesa Pedicle Screw Implantations Globally.

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