Pedicle Screw Systems Market Analysis: Major Players, Lucrative Segments And Top Geographies
25 Jul, 2023
The global pedicle screw systems market size is expected to grow from $5.12 billion in 2022 to $5.40 billion in 2023 at a compound annual growth rate (CAGR) of 5.54%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global pedicle screw systems market size is expected to reach $6.46 billion in 2027 at a CAGR of 4.59%.
Global Pedicle Screw Systems Market Key Driver
The rising prevalence of arthritis is projected to drive future growth in the pedicle screw systems market. Arthritis is a medical term that refers to joint pain or disease. Pedicle screw systems are used to improve the accuracy and safety of cervical pedicle screw insertion in patients suffering from cervical diseases, such as rheumatoid arthritis (RA).
Get a sample of the global pedicle screw systems market reportGlobal Pedicle Screw Systems Market Segments
The global pedicle screw systems market is segmented:
1) By Product: Monoaxial Pedicle Screw, Polyaxial Pedicle Screw, Other Products
2) By Surgery Type: Open Surgery, Minimally Invasive Surgery
3) By Indication: Spinal Trauma Injuries, Spinal Deformities, Spinal Degeneration, Other Indications
4) By Application: Hospitals, Clinic, Other Applications
5) By Geography: The regions covered in the pedicle screw systems market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global pedicle screw systems market.
Major Pedicle Screw Systems Industry Players
Globus Medical Inc., Medtronic PLC, Orthofix Medical Inc., Stryker Corporation, DePuy Synthesis Spine Inc., Zimmer Biomet, B. Braun SE, Alphatech Holdings Inc., RTI Surgical Inc., Johnson & Johnson, Atec Inc., CoreLink Holding LLC, Xtant Medical, Implant Systems LLC, Evolution Spine LLC, Exactech Inc., Implanet SA, Life Spine Inc., NuVasive Inc., Qualgenix LLC, Solco Biomedical Pvt Ltd
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Pedicle Screw Systems Market Overview
Pedicle screw systems refer to a type of spinal implant used in spinal fusion surgery to reinforce and stabilize the affected vertebrae. They are utilized in spinal fusions to provide additional support and strength to the fusion and promote healing of the bone graft while preventing any movement.
Pedicle Screw Systems Global Market Report 2023 provides data on the global pedicle screw systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pedicle screw systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.