The major factors driving the growth of this market are the increasing incidence of spinal cord injuries, the growing preference for minimally invasive surgeries, and a rising geriatric population.
What the Market Looks Like?
The global pedicle screw systems market is expected to reach USD 724.23 million by 2023 from USD 538.64 million in 2018, at a CAGR of 6.1%. The market is dominated by North America, followed by Europe. North America will continue to dominate the market during the forecast period
By product type, the pedicle screw systems market is segmented into monoaxial, polyaxial, and other pedicle screw systems. In 2018, the polyaxial pedicle screw systems segment is estimated to command the largest share of the pedicle screw systems market. The large share of this segment can be attributed to the increasing incidences and prevalence of spinal cord injuries.
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What are Key Trends in the Market?
The growth of the Pedicle Screw System Market is primarily influenced by the following factors:
- Increasing Incidence of Spinal Injuries
- Rising Geriatric Population
- Technological Advancements
- Growing Preference for Minimally Invasive Surgeries
By application, the market is categorized into thoracolumbar fusion and cervical fusion. In 2018, thoracolumbar fusion is expected to command the largest share of this market. The increasing incidences of lumbar degenerative disc diseases and the launch of new products are key factors driving the growth of the thoracolumbar fusion segment.
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Global pedicle screw system market was valued US$ 440.7 Mn in 2017 and is estimated to reach US$ 744.76 Mn by 2026 at a CAGR of 6.0%.Pedicle screw system market is segmented by product type, surgery, induction, application, and region.
On the basis of type, pedicle screw system market is classified by monoaxial, polyaxial, and others.
The polyaxial segment is estimated to holds largest market during the forecast period due to rising incidents of spinal cord injuries and increasing awareness among people regarding spinal cord injuries.
Based on the surgery type, a pedicle screw system market is divided by open surgery and minimally invasive surgery.
Thoracolumbar fusion is estimated to dominate the market of pedicle screw system in forecast period due to rising incidences of lumbar degenerative disc diseases and developments of new products.Rising incidences of degenerative spinal disorders and lumbar degenerative disc diseases, increasing preference to the minimally invasive surgery, increasing funding for developments of new products & trend of sedentary lifestyle, growing healthcare expenditure, and increasing geriatric population and at same time product recall and failures, time-consuming approval process, and a stringent regulatory framework will hamper the market.In terms of region, North America is expected to command the largest share of the pedicle screw system market in forecast period due to growing geriatric population and rising incidences of spinal disorders.
Followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.For More Information Visit https://www.maximizemarketresearch.com/market-report/global-pedicle-screw-system-market/16682/ Key player’s studies, analyzed, profiled and benchmarked in the pedicle screw system market are Globus Medical, Depuy Synthes, Zimmer Biomet, B. Braun, Stryker, Inc., Orthopedic Implant Company, Z-medical GmbH + Co. KG, Alphatec Spine, Aesculap Implant Systems, LLC, CTL Medical Corporation, LDR Holding Corporation, X-spine Systems, Auxein Medical, Bio-Spine Corp., Applied Spine Technologies, Ulrich GmbH & Co, Medtronic Sofamor Danek, Synthes Spine, KM Group Holdings, Orthofix International N. V., RTI Surgical, Stryker Corporation, Pioneer Surgical Technology Spine, K2M, Exactech, ArthroCare Corporation, and Medtronic.The Scope of Report Global Pedicle Screw System Market :Global Pedicle Screw System Market, by Product Type:• Monoaxial• Polyaxial• OthersGlobal Pedicle Screw System Market, by Surgery Type:• Open surgery• Minimal invasive surgeryGlobal Pedicle Screw System Market, by Indication:• Spinal deformities• Spinal traumaGlobal Pedicle Screw System Market, by Application:• Thoracolumbar fusion• Cervical fusion• OthersGlobal Pedicle Screw System Market, by Region:• North America• Europe• Asia Pacific• Middle East & Africa• Latin America Key Players, Global Pedicle Screw System Market:• Globus Medical• Depuy Synthes• Zimmer Biomet• B. Braun• Stryker• Inc.• Orthopedic Implant Company• Z-medical GmbH + Co. KG• Alphatec Spine• Aesculap Implant systems• LLC• CTL Medical Corporation• LDR Holding Corporation• X-spine Systems• Auxein Medical• Bio-Spine Corp.• Applied Spine Technologies• Ulrich GmbH & Co• Medtronic Sofamor Danek• Synthes Spine• KM Group Holdings• Orthofix International N. V.• RTI Surgical• Stryker Corporation• Pioneer Surgical Technology Spine• K2M• Exactech• ArthroCare Corporation• Medtronic.This Report Is Submitted By @Maximize Market Research Company Customization of the report:Maximize Market Research provides free personalized of reports as per your demand.
According to the new market research report by MarketsandMarkets, the global pedicle screw systems market is expected to reach USD 724.23 million by 2023 from USD 538.64 million in 2018, at a CAGR of 6.1%.The pedicle screw systems market is segmented into monoaxial, polyaxial, and other pedicle screw systems.
In 2018, the polyaxial pedicle screw systems segment is estimated to command the largest share of the pedicle screw systems market.
The large share of this segment can be attributed to the increasing incidences and prevalence of spinal cord injuries.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98811670The major factors driving the growth of this market are the increasing incidence of spinal cord injuries, the growing preference for minimally invasive surgeries, and a rising geriatric population.Region Covered in Pedicle Screw System Market :The market is dominated by North America, followed by Europe.
North America will continue to dominate the market during the forecast period.
The rising geriatric population and increasing incidence of spinal disorders in this region are the major factors supporting the growth of the pedicle screw systems market in North America.Get 10% Customization on this Research Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=98811670By product type, the pedicle screw systems market is segmented into monoaxial, polyaxial, and other pedicle screw systems.
The large share of this segment can be attributed to the increasing incidences and prevalence of spinal cord injuries.On the basis of surgery type, the Monoaxial Pedicle Screw System market has been segmented into open surgery and minimally invasive surgery.
With aging and time the cartilage between two vertebrae or a disc in the spinal cord wears out, thus causing pain and pressure on the spinal cord.
Spinal fusion is technique in which this problem is fixed by joining two or more vertebrates with the help of pedicle screws.
With the sedentary lifestyle the spine problems are becoming more common these days.
That is why the Pedicle Screw System market has registered a strong growth from the past 10 years.The Pedicle Screw System market can be segmented into: on the basis of Product Type: Polyaxial Pedicle Screw Systems, Monoaxial Pedicle Screw Systems, Other Pedicle Screw Systems; on the basis of Surgery Type: pen Surgery, Minimal Invasive Surgery; on the basis of Indication: Spinal Degeneration, Spinal Trauma Injuries, Spinal Deformities, Other Indications; on the basis of Application: Thoracolumbar Fusion, Cervical Fusion; on the basis of Region: North America, Europe, Asia Pacific, Rest of the World.Get More Information About Pedicle Screw Systems Market: https://www.trendsmarketresearch.com/report/sample/3068The increasing population with aging and the growing trend of sedentary lifestyle are the major growth drivers for the Pedicle Screw System Market.
People now a days work more by sitting at one place and perform less physical activities which causes ill effects to the body.Pedicle Screw System is used to create a frame in the vertebrate so that it can heal fast.
As the Polyaxial Pedicle Screw System are the most rigid and precise construct available, thus avoiding the hardware failures and providing more stability to the frame.Geographically, The North America and Europe has the largest market due to the exponentially increasing population.Request For Table of Contents : https://www.trendsmarketresearch.com/report/requesttoc/3068The advancement in technology in this region has also affected the lifestyle of common people.
The Pedicle Screw Systems Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the pedicle screw systems market include Aesculap Implant Systems, Alphatec Spine, Auxein Medical, CTL Medical Corporation, DePuySynthes, Globus Medical, LDR Holding, Orthopeadic Implant, X-spine Systems and Z-medical.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Pedicle Screw Systems Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/pedicle-screw-systems-market/download-sampleMarket DynamicsThe increasing incidence of spinal injuries across the globe is primarily driving the market growth.
Growing preference for minimally invasive surgeries along with technological advancements in the healthcare industry is propelling market growth.
However, stringent regulatory framework and time-consuming approval process is a major challenge to market growth.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
Pedicle Screw Systems market research report proves to be an absolute solution to have exclusive market research data that suits business needs.
It guides companies to take significant actions to deal with threats in the niche market.
Market segmentation covered here is actually based on various parameters such as type of product, its components, type of management and geography.
This Pedicle Screw Systems market report endows with the numerous insights and business solutions that will aid to stand high in the competition.
The consistent and extensive market information of this report will definitely help grow business and improve return on investment (ROI).The pedicle screw systems market is expected to gain market growth in the forecast period of 2021 to 2028.
Data Bridge Market Research analyses the market growing at a CAGR of 14.43% in the above-mentioned forecast period.With the use of various reliable sources such as journals, websites, annual reports of the companies, and mergers, the data and information mentioned in this Pedicle Screw Systems report has been gathered.
