24-Sep-2019 | Zion Market Research
Zion Market Research has published a new report titled “Pedicle Screw Systems Market By Product (Monoaxial, Polyaxial, and Others), By Indication (Spinal Trauma Injuries and Spinal Deformities), By Surgery (Open Surgery and Minimal Invasive Surgery), and By Application (Cervical Fusion, Thoracolumbar Fusion, Fracture, Spinal Tumor, Scoliosis, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global pedicle screw systems market was USD 540 million in 2018 and is expected to generate around USD 806 million by 2025, at a CAGR of around 5.9% between 2019 and 2025.
The pedicle screw systems market is expected to register significant growth in the years ahead, owing to the increasing number of spinal cord injuries globally. Severe spinal cord injury (SCI) marks in vertebral damage lead to complete loss of motor control or sensory function of body, legs, and arms. Thus, to fix spinal injuries, pedicle screws are used. Moreover, an increasing elderly population suffering from arthritis is another significant factor driving the development of the pedicle screw systems market. With age, bones become weak and brittle, which makes them more susceptible to breaking and other deformities. According to the CDC, about 22.7% of adults are detected with arthritis, with a greater prevalence in women. This high prevalence is expected to boost the pedicle screw system market globally. In addition, there have been important technological advances in the field of orthopedics recently, which will also promote the pedicle screw systems market in the upcoming years.
Browse the full “Pedicle Screw Systems Market By Product (Monoaxial, Polyaxial, and Others), By Indication (Spinal Trauma Injuries and Spinal Deformities), By Surgery (Open Surgery and Minimal Invasive Surgery), and By Application (Cervical Fusion, Thoracolumbar Fusion, Fracture, Spinal Tumor, Scoliosis, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/pedicle-screw-systems-market
The pedicle screw systems market is fragmented on the basis of product, indication, surgery, and application. By product, the pedicle screw systems market includes monoaxial, polyaxial, and others. Polyaxial pedicle screw systems accounted for the largest market share in 2018, due to increasing number product launch and growing prevalence of spinal cord disorders.
The indication segment is divided into spinal deformities and spinal trauma injuries. The spinal deformities segment is expected to register a higher CAGR in the pedicle screw system market, owing to the high global prevalence of deteriorating spine disorders.
Based on surgery, the pedicle screw market includes open surgery and minimally invasive surgeries. The minimally invasive surgery is expected to register the highest CAGR in the pedicle screw system market in the future. The open surgery accounted for the largest share in the global market in 2018, due to technological advancements in spinal fusion surgeries, increasing geriatric population, and rising spinal deformities incidences.
By application, the market for pedicle screw systems comprises fractures, thoracolumbar fusion, scoliosis, spinal tumor, cervical fusion, and others. The fractures segment accounts for a significant share in the global market, due to the growing prevalence of accidents and fracture.
The region with the highest demand for pedicle screw systems is North America. The escalated demand for non-magnetic vital signs monitoring systems is increasing the orthopedic joint replacement surgery rates, which uses various FDA approved pedicle screws. The pedicle screw systems market in Europe is expected to grow notably in the years ahead. In the Asia Pacific, the number of orthopedic surgeries has increased significantly that is driving the region’s pedicle screw systems market.
Some major players involved in the pedicle screw systems market are DePuy Synthes Spine, Orthopeadic Implant Company, Z-medical, Globus Medical, Alphatec Spine, Aesculap Implant Systems, CTL Medical, LDR Holding, X-Spine Systems, and Auxein Medical.
This report segments the pedicle screw systems market into:
Global Pedicle Screw Systems Market: By Product
Global Pedicle Screw Systems Market: By Indication
Global Pedicle Screw Systems Market: By Surgery
Global Pedicle Screw Systems Market: By Application
Global Pedicle Screw Systems Market: By Region
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