Global Pedicle Screw Systems Market, By Product Type (Monoaxial Pedicle Screw, Polyaxial Pedicle Screw, Other Pedicle Screw), Surgery Type (Open Surgery and Minimally Invasive Surgery), Indication (Spinal Trauma Injuries, Spinal Degeneration, Spinal Deformities, Others), Application (Thoracolumbar Fusion, Cervical Fusion), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Pedicle Screw Systems Market
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. The growing awareness amongst the physicians and a patient regarding the benefits associated with the usage of pedicle screw systems has been directly impacting the growth of pedicle screw systems market.
The pedicle screw systems are used for spinal surgery in the lumbar spine for more complex anatomy like the thoracic and thoracolumbar level. Over the last few years, the pedicle screw systems market has been increasing rapidly because of the rising prevalence of arthritis and growing incidence of spinal cord injuries. Furthermore, the growing R&D expenditures and aggressive strategies accepted by the top players such as new product launches are increasing the pedicle screw systems market across the globe.
The increasing number of geriatric population and the increasing inclination of minimally invasive surgeries boost the pedicle screw systems market. Furthermore, accident and trauma cases coupled with hyper-obesity disorders, evoking serious spinal injuries, these are the factors anticipating the growth for the pedicle screw systems market in the above-mentioned forecast period. With the expanded technological advancements that have happened in the last ten years, pedicle screw systems have borne various surpassing conversions and with each turning invention and outranking attempts, pedicle screw systems market has acquired attention and value around the world. In addition, the increasing preferences of conditions and disorders as arthritis of the spine, scoliosis and other abnormalities of the spine have advanced the growth of the pedicle screw systems market. Under other conditions, the high price coupled with pedicle screw systems, postponed procedures of product confirmation and strict administrative groundwork some of the key points that are most likely anticipated to become a hindrance to the growth of the pedicle screw systems market during the forecast period.
Pedicle screw systems industry is expected to observe a compelling development due to the increasing numbers of the spinal cord injuries around the world. Extreme spinal cord injury concludes in vertebral accident that results in complete loss of sensory function or motor control of arms, legs and body. In this ailment, pedicle screws are used for fixing these spinal injuries. Furthermore, growing aged population that are facing difficulty from arthritis are some of the factors anticipated to hamper the growth of the pedicle screw systems market in the above-mentioned forecast period. As age passes the bone becomes weaker and brittle and they are more liable to the wear and tear. Moreover, in the recent years, there have been expanded technological achievements in the region of orthopaedics that will positively influence the growth of the pedicle screw systems market in near future.
This pedicle screw systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research pedicle screw systems market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Pedicle Screw Systems Market Scope and Market Size
The pedicle screw systems market is segmented on the basis of product type, surgery type, indication and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the pedicle screw systems market is segmented into monoaxial pedicle screw, polyaxial pedicle screw and other pedicle screw.
- Based on surgery type, the pedicle screw systems market is segmented into open surgery and minimally invasive surgery.
- Based on indication, the pedicle screw systems market is segmented into spinal trauma injuries, spinal degeneration, spinal deformities and others.
- Based on application, the pedicle screw systems market is segmented into thoracolumbar fusion and cervical fusion.
Global Pedicle Screw Systems Market Country Level Analysis
Global pedicle screw systems market is analysed and market size insights and trends are provided by the country, product type, surgery type, indication and application as referenced above.
The countries covered in the pedicle screw systems market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
A large growth has been estimated in North America because of the growing number of populations suffering from lumbar spine accounts for the leading market in the global pedicle screw systems market. Europe is expected to be the second largest in the pedicle screw systems market because of the financial support from the government for research and development activities and the increasing geriatric population and the demand for pedicle screw systems in the treatment procedures of spinal disorders. Asia-Pacific is expected to show large amount of growth in the pedicle screw systems market in the near future.
The country section of the pedicle screw systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pedicle Screw Systems Market Share Analysis
The pedicle screw systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pedicle screw systems market.
The major players covered in the pedicle screw systems market report are DePuy Synthes, Zimmer Biomet, B. Braun Melsungen AG, Medtronic, Stryker, Orthopaedic Implant Company, Globus Medical, Inc., Alphatec Spine, Inc., Aesculap Implant Systems, LLC, X-spine Systems, Inc., Auxein Medical, LDR Holding Corporation, Z-medical GmbH + Co. KG, CTL Medical Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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