Pedicle Screw Systems Market – Highlight
Pedicle Screw Systems are used in spinal surgery in the lumbar spine for more complex anatomy such as the thoracic and thoracolumbar level. Over the past few years, the pedicle screw system market is growing rapidly due to the rising prevalence of arthritis and increasing incidence of spinal cord injuries. Moreover, the increasing R&D expenditures and aggressive strategies adopted by the top players such as new product launches are escalating the market on the global platform.
Acknowledging the exponential traction, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global pedicle screw system market will reach USD 506.65 MN by 2023, registering approximately 6.3 % CAGR throughout the forecast period (2018–2023).
Additional factors helping the market to boost further, include the increasing number of geriatric populaces and growing preference of minimally invasive surgeries. Moreover, accident and trauma cases along with hyper-obesity disorders drive the demand for pedicle screw systems, causing severe spinal injuries.
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With the vast technological advancements that happened over the last decade, pedicle screw systems have undergone several bettering transformations, and with each innovation and bettering efforts, pedicle screw system market has garnered prominence & value, globally. Simultaneously, the increasing prevalence of conditions and disorders such as arthritis of the spine, scoliosis and other deformities of the spine has fostered the market growth.
On the other hand, factors such as the high cost associated with pedicle screw systems, delayed processes of product approval and stringent regulatory frameworks are expected to impede the growth of the market during the assessment period.
Global Pedicle Screw Systems Market – Competitive Analysis
Highly competitive, the pedicle screw systems market appears to be widely expanded and fragmented characterized by several small and large-scale players. To gain a competitive edge and to sustain their position in the market, these players incorporate various strategic initiatives such as partnership, acquisition, collaboration, expansion, and product launch.
The structure of the market is changing due to the acquisition of local manufactures by multinational companies. Because of the increasing competition in the market, multination companies are using the strategy of acquisition, which increases the profit of the company while significantly reducing the competition.
Pedicle Screw Systems Market- Leading Key Players
Top Key Vendors of the pedicle screw systems global market include
- Amedica Corporation
- Alphatec Spine
- B. Braun Melsungen AG
- Globus Medical
- Depuy Synthes
- K2M Group Holdings
- Nvision Biomedical Technologies
- Medtronic PLC
- Orthofix International N.V.
- SeaSpine
- RTI Surgical
- Stryker Corporation
- Zimmer Biomet Holdings
Others
Pedicle Screw Systems Market – Segments
For enhanced understanding, the pedicle screw systems global market it has been segmented into six key dynamics: –
By Surgery Type : Open Surgery and Minimally Invasive Surgery
By Product Type : Polyaxial Pedicle Screw Systems and Monoaxial Pedicle Screw Systems among others.
By Indication : Spinal Degeneration, Spinal Trauma, and Spinal Deformities among others.
By Application : Thoracolumbar Fusion and Spinal Cervical Fusion among others.
By End-user : Hospitals & Clinics and Research Organization & Academic Institute among others.
By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.
Pedicle Screw Systems Market- Detailed Regional Analysis
The market is likely to dominate by Americas during the forecast period owing to the rising aging population, rising incidence of spinal disorders, and rising in FDA approved pedicle screws. The European market is expected to be the second-largest due to government funding and support of the healthcare sector, coupled with increasing research and development. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to increasing investments in healthcare, increasing number of the orthopedic surgeries, expansions by market players in the region, and favorable government initiatives for healthcare facilities. The market in the Middle East & Africa is likely to account for the smallest share of the global pedicle screw system market.
Intended Audience:
- Pedicle screw system manufacturing companies
- Distributors and suppliers of pedicle screw systems
- Hospitals
- Research and consulting firms
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1. Definition
2.2. Scope Of The Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
Chapter 3. Research Methodology
3.1. Introduction
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
Chapter 4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities
4.4. Challenges
4.5. Macroeconomic Indicators
4.6. Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power Of Suppliers
5.1.2. Bargaining Power Of Buyers
5.1.3. Threat Of New Entrants
5.1.4. Threat Of Substitutes
5.1.5. Intensity Of Rivalry
5.2. Value Chain Analysis
5.3. Investment Feasibility Analysis
5.4. Pricing Analysis
Chapter 6. Global Pedicle Screw Systems Market, By Surgery Type
6.1. Introduction
6.2. Open Surgery
6.3. Minimally Invasive Surgery
Chapter 7. Global Pedicle Screw Systems Market, By Product Type
7.1. Introduction
7.2. Polyaxial Pedicle Screw Systems
7.3. Monoaxial Pedicle Screw Systems
7.4. Others
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