At 5.1% CAGR, the South & Central America Pedicle Screws Market is Projected to be worth US$ 111.34 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South & Central America pedicle screws market was valued at US$ 74.51 million in 2022 and is expected to reach US$ 111.34 million by 2030, registering a CAGR of 5.1% 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 South & Central America pedicle screws market expansion.             

Recent product launches in the pedicle screw market include expansion, acquisitions, and strategic collaborations among the market players. For instance, in May 2023, Intelivation Technologies launched a new minimally invasive pedicle screw system, i.e., ‘Golden Isles’ minimally invasive screw, a percutaneous system that increases visualization and procedural flexibility for surgeons and results in minimal soft tissue disruption. Similarly, in June 2023, IMPLANET, a medical device technology specialized in orthopedic surgery, launched a minimally invasive pedicle screw positioning system. The product was a result of its partner Sanyou Medical. The companies in the market are also involved in expanding their pedicle screw business. For instance, in September 2021, Biedermann Motech developed the world’s first polyaxial pedicle screw (MOSS System) and declared that its most advanced system, the MOSS VRS pedicle screw platform, was fully modular.  Similarly, in September 2021, Medtronic plc. declared its latest additions of its spine products i.e. Catalyft PL and PL40, The Space-D Access System, Accelerate Graft Delivery System with Grafton DBF to its minimally invasive spine surgery ecosystem. With this the company becomes a combination of navigation, biologics, spinal implants, robotics, and AI-powered data company to patients and surgeons. With respect to the strategic collaborations in the market, in September 2022, Omnia Medical and SpineGuard declared a strategic alliance for adult spine surgery in the United States. The partnership includes involvement of two novel devices i.e. a smart pedicle screw system and a smart drilling tool for sacroiliac joint fusion, both inserting the DSG (Dynamic Surgical Guidance) technology. The partnership also represents a strong mutual commitment providing advantages to surgeons and healthcare providers in the medical device industry.

On the contrary, regulatory hurdles and challenges associated with pedicle screw fixation hurdles the growth of South & Central America pedicle screws market. 

Based on product type, the South & Central America 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 South & Central America pedicle screws market in 2022, amassing US$ 51.71 million. It is projected to garner US$ 79.15 million by 2030 to expand at 5.5% CAGR during 2022–2030.

Based on application, the South & Central America pedicle screws market is categorized into thoracolumbar fracture, spinal tumor, scoliosis, failed fusion, spondylitis. The thoracolumbar fracture segment held 43.3% share of South & Central America pedicle screws market in 2022, amassing US$ 32.25 million. It is projected to garner US$ 50.81 million by 2030 to expand at 5.8% CAGR during 2022–2030.

Based on surgery type, the South & Central America pedicle screws market is bifurcated into open surgery and minimally invasive surgery. The open surgery segment held 74.3% share of South & Central America pedicle screws market in 2022, amassing US$ 55.34 million. It is projected to garner US$ 75.98 million by 2030 to expand at 4.0% CAGR during 2022–2030.

Based on end user, the South & Central America pedicle screws market is categorized into hospitals, ambulatory surgical centers, and other end users. The hospitals segment held 57.6% share of South & Central America pedicle screws market in 2022, amassing US$ 42.89 million. It is projected to garner US$ 67.21 million by 2030 to expand at 5.8% CAGR during 2022–2030.

Based on country, the South & Central America pedicle screws market has been categorized into Brazil, Argentina, and the Rest of South & Central America.  Our regional analysis states that Brazil captured 60.2% share of South & Central America pedicle screws market in 2022. It was assessed at US$ 44.88 million in 2022 and is likely to hit US$ 69.35 million by 2030, exhibiting a CAGR of 5.6% during 2022–2030.            

Key players operating in the South & Central America pedicle screws market are Zimmer Biomet, Globus Medical Inc., B. Braun SE, Stryker Corp, Medtronic PLC, NuVasive Inc, and Orthofix Medical Inc., among others.

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

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