Global Pedicle Screw-Based Dynamic Stabilization Systems Market Size By Type (Nonmetallic Devices, Metallic Devices, Hybrid Devices), By Application (Spinal Instability Treatment, Spinal Instability Prevention), By Geographic Scope And Forecast
Published on: 2024-08-05 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Pedicle Screw-Based Dynamic Stabilization Systems Market Size By Type (Nonmetallic Devices, Metallic Devices, Hybrid Devices), By Application (Spinal Instability Treatment, Spinal Instability Prevention), By Geographic Scope And Forecast
Pedicle Screw-Based Dynamic Stabilization Systems Market Size And Forecast
Pedicle Screw-Based Dynamic Stabilization Systems Market size was valued at USD 1,669.86 Million in 2022 and is projected to reach USD 2,381.92 Million by 2030, growing at a CAGR of 5.26% from 2023 to 2030.
The adoption of dynamic stabilization systems has surged as a result of the demand for efficient treatment options. The Global Pedicle Screw-Based Dynamic Stabilization Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Market Definition
As an alternative to spinal fusion, motion-sparing posterior dynamic stabilization (PDS) devices have been developed. Due to their familiarity with posterior fixation for spinal fusion, surgeons are most familiar with the instrumentation and techniques that make up the bulk of these devices. With spinal stenosis being the most common indication for usage, the objective of this new generation of devices is to enable controlled motion of the treated spinal segment that closely mimics physiologic spinal kinetics and kinematics. The objective of dynamic stabilization as a spinal fusion alternative is to restore spinal stability while preventing (or postponing) neighboring segment degeneration. Pedicle screw-based or interspinous process-based PDS devices are the two types of PDS most frequently employed.
Advanced medical devices called pedicle screw-based dynamic stabilization systems are used in spinal surgery to treat a variety of spinal disorders, particularly those that affect the lumbar or lower back region. The purpose of these systems is to encourage the spinal column’s inherent biomechanics while simultaneously providing the spine with stability, support, and controlled motion. The utilization of pedicle screws as anchors in these frameworks considers a safe association with the vertebrae, empowering dynamic adjustment and reducing side effects related to spinal unsteadiness and degenerative circumstances.
Spinal issues are common overall and can fundamentally influence an individual’s personal life. Conditions like degenerative plate infection, spondylolisthesis, spinal stenosis, and other spinal hazards can cause torment, nerve pressure, and functional limitations. Conventional spinal combination methods have for quite some time been the standard careful treatment for the overwhelming majority of these circumstances, meaning to immobilize the impacted spinal fragments. Although fusion provides stability, it may also result in the degeneration of adjacent segments and limit the natural movement of the spine.
To overcome these restrictions, dynamic stabilization was developed as an alternative method. Dynamic stabilization methods, as opposed to spinal fusion, aim to preserve some spinal motion while offering support and stability. Based on the concept that conserving motion in the afflicted segment may assist maintain more natural spinal biomechanics and lower the chance of surrounding segment degeneration.
Typically, a posterior (back) approach is used to access the spine during the surgical procedure for pedicle screw-based dynamic stabilization. To ensure that the pedicle screws are placed precisely, the surgeon employs specialized imaging methods like fluoroscopy or intraoperative navigation. The connecting rods and dampening components are put together after the screws are set in order to form a dynamic stabilization construct that is specifically designed to meet the needs of the patient.
What's inside a
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Market Overview
Degenerative disc disease, spondylolisthesis, and spinal stenosis are just a few of the spinal conditions that are becoming more common. As a result, the global market for pedicle screw-based dynamic stabilization systems is growing significantly. These circumstances can cause torment, nerve pressure, and useful impediments, influencing the quality of life of some people.
Conventional spinal fusion methods have been the standard treatment for these problems, planning to settle the impacted spinal portions by fusing them. Although fusion provides stability, it may also result in the loss of natural motion in the spinal column and possibly accelerate degeneration in the segments that are adjacent to it. Pedicle screw-based dynamic stabilization systems offer an option in contrast to conventional combination methods. They are made to give the spine stability, support, and controlled movement while still allowing for some natural movement. These systems address spinal problems while alleviating the risks related to adjacent segment degeneration.
The adoption of dynamic stabilization systems has surged as a result of the demand for efficient treatment options. Specialists and patients are progressively considering these systems as a viable treatment choice because of their likely benefits over conventional fusion medical procedures. By holding some level of movement in the impacted segment, dynamic stabilization systems expect to work on persistent results and give a more normal scope of movement.
Additionally, the prevalence of age-related spinal disorders is rising along with the aging population. This demographic transition has also increased demand for cutting-edge spinal surgical procedures, such as dynamic stabilization devices based on pedicle screws. The spine is a complicated structure that ages naturally and experiences wear and tear. The intervertebral discs may deteriorate with age, resulting in decreased disc height and possible nerve compression. Degenerative alterations may also impact the stability and mobility of the spine in the facet joints and ligaments that support it.
There is a greater need for efficient treatment alternatives to address the pain, functional restrictions, and neurological symptoms brought on by age-related spine disorders. The goal of pedicle screw-based dynamic stabilization devices is to maintain some degree of natural motion while stabilizing and supporting the afflicted spinal segments. Dynamic stabilization may be a better alternative for the aging population since it permits regulated movement and may lower the risk of problems from fusion surgery.
The need for cutting-edge spinal surgical procedures that can successfully manage age-related spinal problems is increasing as the older population keeps growing. Healthcare professionals and people looking for treatments that can assist maintain spinal function and enhance the quality of life for older adults are growing more and more familiar with pedicle screw-based dynamic stabilization systems.
However, compared to conventional spinal fusion treatments, pedicle screw-based dynamic stabilization systems can be more expensive. Some individuals and medical facilities may find the price of these systems, which includes the implants, apparatus, and surgical method, to be prohibitive. Dynamic stabilization system adoption may be hampered by high prices, particularly in areas with constrained healthcare resources.
Global Pedicle Screw-Based Dynamic Stabilization Systems MarketSegmentation Analysis
The Global Pedicle Screw-Based Dynamic Stabilization Systems Market is segmented on the basis of Type, Application, And Geography.
Pedicle Screw-Based Dynamic Stabilization Systems Market, By Type
To Get a Summarized Market Report By Type-
Based on the type segment, the market is divided into nonmetallic devices, metallic devices, and hybrid devices. Metallic devices segment accounted for largest market share as they are the most prevalent type of device used in pedicle screw-based dynamic stabilization systems because it is stiffer and offers more stability than nonmetallic. Metallic devices have been shown to be a successful approach to provide stability since the material used in them offers better stability and rigidity than nonmetallic devices.
Pedicle Screw-Based Dynamic Stabilization Systems Market,, By Application
Based on the application segment, the market is split into spinal instability treatment, and spinal instability prevention. Spinal Instability Treatment segment accounted for largest market sharein 2022. Spinal instability, a condition in which the spine experiences instability or a lack of control, is treated with pedicle screw-based dynamic stabilization systems. Injury, aging-related degeneration, or an imbalance in the spine’s natural mobility can all contribute to this disorder. By fusing the most recent pedicle screw enhancements with dynamic stabilizing elements, the technology used helps to restore spine stability.
Pedicle Screw-Based Dynamic Stabilization Systems Market, By Geography
To Get a Summarized Market Report By Geography-
Based on geography
the global pedicle screw-based dynamic stabilization systems market is into different regions such as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is bifurcated into United States, Canada and Mexico. Europe is primarily divided into Germany, U.K., France, Italy, Spain, and Rest of Europe. Asia Pacific comprises of China, Japan, India, and Rest of Asia Pacific. Middle East and Africa includes UAE, Saudi Arabia, South Africa and Rest of Middle East and Africa. Latin America comprises of countries such as Brazil, Argentina, and Rest of Latin America.By region, North America has the largest market share of the global pedicle screw-based dynamic stabilization systems market. In North America, there is a considerable rise in demand for pedicle screw-based dynamic stabilization systems owing to the surging demand for minimally invasive spine surgery, the incidence of spinal illnesses, and the rising elderly population are all attributed to the growth of the market. Additionally, the market is expanding as more individuals become aware of the benefits of dynamic stabilization systems, such as better patient outcomes. The North American market is further driven by the presence of major players in the region, such as Medtronic, Globus Medical Inc, and DePuy Synthes (Johnson & Johnson). To develop innovative products and broaden their product lines, these companies are making significant investments in research and development. The industry is additionally being stimulated by the rising use of dynamic stabilization systems in the US and Canada.
Key Players
The major players in the market are Globus Medical, Inc., ulrich GmbH & Co. KG, Medtronic, DePuy Synthes (Johnson & Johnson), Surgalign Holdings Inc, SpineSave AG, and Megaspine. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- The MARVEL Growing Rod System, developed for pediatric kids with early-onset scoliosis, has been commercially launched by Globus Medical, Inc., a leading provider of musculoskeletal treatments. The system uses minimally invasive distraction to help patients achieve and sustain correction while allowing for growth.
- In order to meet the demands of hospitals and imaging networks, Ulrich GmbH & Co. KG in Ulm and Qaelum NV have announced a strategic agreement. This partnership will integrate the two companies cutting-edge contrast management solutions.
- In order to better identify and treat the impact of aberrant mobility between the spine and pelvis in some patients who undergo total hip arthroplasty (THA), DePuy Synthes purchased CUPTIMIZE Hip-Spine Analysis. A solution inside DePuy Synthes’ VELYS Digital Surgery platform of connected technologies, VELYS Hip Navigation, CUPTIMIZE Hip-Spine Analysis (CUPTIMIZE Analysis) improves the surgical planning capabilities of the platform.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2019-2030 |
BASE YEAR | 2022 |
FORECAST PERIOD | 2023-2030 |
HISTORICAL PERIOD | 2019-2021 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Globus Medical, Inc., ulrich GmbH & Co. KG, Medtronic, DePuy Synthes (Johnson & Johnson), Surgalign Holdings Inc, SpineSave AG, and Meg |