GlobalData Plc
  • Press Release

    Asia-Pacific pedicle screw-based dynamic stabilization systems market to surpass $19 million by 2023

The pedicle screw-based dynamic stabilization systems space across the seven major Asia-Pacific (APAC) markets of Australia, China, India, Japan, New Zealand, South Korea and Taiwan, is set to rise from $12.5 million in 2016 to $19.2 million by 2023, representing a compound annual growth rate (CAGR) of 6.3%, according to GlobalData, a recognized leader in providing business information and analytics.

The company’s latest report states that key drivers of this growth include the rising prevalence of degenerative spinal conditions due to the increasing aging population and the system’s advantages over traditional spinal fusion procedures, including motion preservation.

Jennifer Ryan, Healthcare Analyst for GlobalData, explains: “Future adoption of pedicle screw-based dynamic stabilization systems is highly dependent on the procurement of clinical efficacy data demonstrating support for device utilization.

“This is because, despite generating great enthusiasm upon their introduction to the market, pedicle screw-based dynamic stabilization systems have attracted concern over the long-term clinical efficacy of these devices, with reports emerging of devices loosening and failing. As such, spinal fusion remains the gold standard treatment for patients with degenerative spinal disorders.”

In terms of key players, the pedicle screw-based dynamic stabilization systems market is fairly consolidated, with the majority of players consisting of well-established orthopedic and spine companies. Zimmer Biomet’s Dynesys system is the principal player worldwide, and systems from Globus Medical and Paradigm Spine are also highly utilized.

Ryan continues: “Lingering questions about the clinical effectiveness of these pedicle screw-based dynamic systems is a major setback threatening the continued adoption of currently marketed devices. GlobalData believes the use of clinical trials focused on efficacy will be an important factor in the future of pedicle-screw based dynamic stabilization systems’ adoption and reimbursement.”

In terms of individual countries, China represented the largest portion of the market in 2016, holding just over 40% of the regional revenue, and is expected to maintain this dominance throughout the forecast period. India is expected to be the fastest-growing market through 2023, at a CAGR of 7.9% while the slowest growth will be observed will be observed in New Zealand at a CAGR of 3.7%.

– Information based on GlobalData’s report: MediPoint: Pedicle Screw-Based Dynamic Stabilization Systems – APAC Analysis and Market Forecasts.

Related Intelligence

Want more Insight like this?

Our interactive subscription platform has the most comprehensive data and analysis in your industry.

Request a Demo

Related Consulting

How can we help your business?

Our consultants are skilled in every specialist market niche to deliver solutions specifically designed for your individual requirements.

Request a Callback

Media Enquiries

If you are a member of the press or media and require any further information, please get in touch, as we’re very happy to help.
PhoneEMEA: +44 207 832 4399
PhoneAPAC: +91 40 6616 6809
Onlinecontact online

56% of #consumers are concerned about the impact of diet. Join us for more insight @incosmetics #cosmetics #trends…