The increasing incidents of spinal cord injuries are expected to propel growth of the pedicle screw systems market. According to the Australian Spinal Injury Alliance, spinal cord injuries are more common in the age group, 15-24 years, which accounts for approximately 30% of total spinal cord injuries in Australia. Moreover, spinal-cord-related problems are also observed in populations in the age group, 65 & above. Degenerative changes in discs & joints, spinal stenosis, and spondylolisthesis are frequent causes of spinal disorders among the rising geriatric population. Hence, spinal cord fusions are increasingly performed in cases of degenerative disc disorders, spinal stenosis, tumors, and spinal weakness in cases of severe arthritis.
Market Industry Reports (MIR) has published a new report titled “Pedicle Screw Systems Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global pedicle screw systems market accounted for over US$ 570.8 million in 2019. It is anticipated to grow at a CAGR of above 6 % from 2020 to 2030.
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Some of the prominent players in the Pedicle Screw Systems Market include:
Medtronic, B. Braun Melsungen AG, Globus Medical, DePuy Synthes Companies, Stryker, RTI Surgical Holdings, Inc., Life Spine, Inc., Orthofix Medical Inc., Zimmer Biomet, and CTL Amedica Corporation, among others.
Increasing technological innovations are driving the development of several new pedicle screw systems. For instance, in April 2020, Precision Spine, Inc. launched the Reform Ti Titanium Pedicle Screw System. This system provides surgeons with increased flexibility, versatility, and visibility for immobilization and stabilization of spinal segments in skeletally mature patients suffering from conditions such as degenerative spondylolisthesis, fracture, dislocation, scoliosis, kyphosis, and spinal tumor. Similarly, in January 2018, Globus Medical, Inc. launched the CREO Fenestrated Screw System for the treatment of patients suffering from advanced-stage tumors of the thoracolumbar spine. CREO systems allow cement augmentation after screw placement to restore the structural integrity of the spine at vertebral levels affected by metastatic bone disease.
The Pedicle Screw Systems Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.
By Product Type:
Monoaxial Pedicle Screw Systems and Polyaxial Pedicle Screw Systems
Minimally Invasive Surgery and Open Surgery
Spinal Trauma, Spinal Degeneration, and Spinal Deformities
Cervical Fusion and Thoracolumbar Fusion
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Table of Contents
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
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