October 7, 2020

Pedicle Screw Systems Market Driven by Growing Demand for Spinal Surgeries

Industry Research Report – Pedicle Screw Systems forecast till 2023, is latest research report on Global Pedicle Screw Systems Industry Report published by MRFR

The global pedicle screw systems market is expected to exhibit a strong 6.3% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The report makes a case study of the major drivers and restraints affecting the global pedicle screw systems market and presents an overarching overview of the market’s leading difference making factors. The major drivers and restraints affecting the global pedicle screw systems market are profiled in detail in the report. The key players operating in the global pedicle screw systems market are also profiled in the report in order to provide a look at the competitive landscape of the market. Leading competitive factors acting on the global pedicle screw systems market are also elaborated upon in the report. The major economic factors working in the pedicle screw systems market’s background are also assessed and examined in the report.

Pedicle screw systems are sometimes used in spinal fusion procedures to provide support to the fusion. The increasing prevalence of spinal injuries in the modern world is likely to be a major driver for the global pedicle screw systems market over the forecast period. More than the rising prevalence of spinal injuries, the increasing prevalence of spinal cord injuries is likely to be a key factor for the global pedicle screw systems market over the forecast period. Spinal cord injuries are difficult to treat and require a firm supporting mechanism to support the results of the surgeries. This has led to a growing demand from the pedicle screw systems market. Increasing awareness about pedicle screw systems is likely to be a major driver for the global market over the forecast period. As more surgeons are aware of pedicle screw systems and pedicle screw systems are widely available, their implementation is also increasing at a sturdy rate. This is likely to be a major driver for the global pedicle screw systems market over the forecast period.

The increasing prevalence of arthritis is also likely to be a major driver for the pedicle screw systems market, as pedicle screw systems are widely used in anti-arthritis surgeries. The growing prevalence and awareness about arthritis is thus likely to be a major driver for the global pedicle screw systems market. The growing geriatric population is also likely to be a major driver for the global pedicle screw systems market, as geriatric individuals are more likely to suffer from arthritis or spinal cord injuries.

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Pedicle Screw Systems Market Competitive Analysis:

Leading players in the global pedicle screw systems market include Zimmer Biomet Holdings Inc., Stryker Corporation, SeaSpine, RTI Surgical Inc., Orthofix International N.V., Nvision Biomedical Technologies LLC, Medtronic plc, K2M Group Holdings Inc., Globus Medical Inc., Depuy Synthes, B. Braun Melsungen AG, Amedica Corporation, and Alphatec Spine Inc.

In June 2019, Zavation Medical Products LLC, an employee-owned medical device manufacturer in Mississippi, announced FDA 510(k) clearance for its new pedicle screw system. The new device has polyaxial pedicle screws, available in various lengths and diameters, and can be used for single or multiple level fixations. The rods in the system can be ordered straight or pre-curved, and it has variable length cross-connectors.

Pedicle Screw Systems Market Segmentation:

The global pedicle screw systems market is segmented on the basis of surgery type, product type, indication, application, end use, and region.

By surgery type, the global pedicle screw systems market is segmented into open and minimally invasive. The latter is likely to hold the largest share in the market.

By product type, the pedicle screw systems market is segmented into polyaxial, monoaxial, and others. The polyaxial pedicle screw systems segment holds the largest share in the global pedicle screw systems market.

By indication, the market is segmented into spinal degeneration, spinal trauma, spinal deformities, and others.

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Pedicle Screw Systems Market Regional Analysis:

The Americas, followed by Europe, are likely to dominate the global pedicle screw systems market due to the growing prevalence of lumbar diseases in the region.