Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.90 Billion | USD 7.49 Billion | 4.82% | 2023 |
There have major developments in the pedicle screw instrumentation method, which is used for the spine. Pedicle screws are used in the lumbar spine and in other complex anatomy processes like thoracolumbar and thoracic level. Pedicle screws have different benefits over hook constructs and conventional rods, as the former permits the stability of the spinal arthrodesis and offers three-column control above the spine that results in the improvement of the specific deformation. Pedicle screw placement is not dependent on laminar integrity, which increases its application to a new level of spinal pathologies that includes degenerative, degenerative, oncologic, and deformity correction.
The major factors that will drive the pedicle screw systems market in the future are increasing aging population and rising arthritis cases. As on ages, the bones start becoming weak and brittle and thus more prone to breakage and other deformities. In recent years, there has been a significant development in the field of orthopedics and doctors have high knowledge about the procedures that need to be performed and along with expertly handling their equipment, which, in turns, enables them to save more lives. Healthcare providers are using healthcare data that assist them in gathering information about various issues of an orthopedic patient. The mathematical analysis makes it easy to predict the possible surgical outcomes.
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. The indication segment is divided into spinal trauma injuries and spinal deformities. Based on surgery, the pedicle screw market includes open surgery and minimally invasive surgeries. By application, the market for pedicle screw systems comprises fractures, thoracolumbar fusion, scoliosis, spinal tumor, cervical fusion, and others.
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.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed