Home | Medical-Newswire.Com:
(Medical-NewsWire.com, January 05, 2022 ) The major factors driving the growth of this market are the increasing incidence of spinal cord injuries, the growing preference for minimally invasive surgeries, and a rising geriatric population.
According to the new market research report “Pedicle Screw System Market by Product Type (Monoaxial & Polyaxial Pedicle Screw), Surgery (Open Surgery, Minimal Invasive Surgery), Indication (Spinal Deformities, Spinal Trauma), Application (Thoracolumbar, Cervical Fusion) – Global Forecast to 2023“, published by MarketsandMarkets™, the Pedicle Screw Systems Market is expected to reach USD 724.23 million by 2023 from USD 538.64 million in 2018, at a CAGR of 6.1%.
Browse in-depth TOC on “Pedicle Screw Systems Market“
66 – Tables
36 – Figures
110 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98811670
The increasing incidence of spinal cord injuries, increasing aging population, and technological advancements are major factors driving the growth of the Pedicle Screw Systems Market.
Polyaxial pedicle screw systems are expected to account for the largest market share in 2018
On the basis of product type, the Pedicle Screw Systems Market is segmented into monoaxial, polyaxial, and other pedicle screw systems. In 2018, the polyaxial pedicle screw systems segment is expected to account for the largest share of the global Pedicle Screw Systems Market. The large share of this market segment can be attributed to the increasing prevalence of spinal cord disorders and product launches.
Open surgery is estimated to account for the largest share of the Pedicle Screw Systems Market in 2018
By surgery type, the Pedicle Screw Systems Market has been segmented into open surgery and minimally invasive surgery. In 2018, the open surgery segment is expected to account for the largest share of the Pedicle Screw Systems Market due to the rising geriatric population, increasing incidence of spinal deformities, and technological advancements in spinal fusion surgeries.
The spinal degeneration segment is estimated to grow at the highest CAGR during the forecast period
By indication, the market includes spinal degeneration, spinal trauma, spinal deformities, and other indications. The spinal degeneration segment is estimated to register the highest CAGR during the forecast period. The high prevalence of degenerative spine disorders is expected to result in a growing volume of surgical procedures performed. This will result in the increased adoption of pedicle screws, thereby driving market growth.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsample.asp?id=98811670
North America is estimated to command the largest share of the market in 2018
Based on region, the Pedicle Screw Systems Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2018, North America is expected to account for the largest share of the global Pedicle Screw Systems Market. The increasing incidence of spinal cord injuries, along with rising geriatric population in this region, are supporting the growth of the Pedicle Screw Systems Market in North America.
Key players in the Pedicle Screw Systems Market include DePuy Synthesis (US), Globus Medical (US), Zimmer Biomet (US), B. Braun (US), Medtronic (Ireland), and Stryker (US).
Browse Adjacent Markets @ Medical Devices Market Research Reports & Consulting
Biomaterials Market by Type of Materials (Metallic, Ceramic, Polymers, Natural), Application (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Neurological disorders, Tissue Engineering, Ophthalmology) – Global Forecast to 2025
Spinal Implants and Surgery Devices Market by Technology (Fusion, Spine Biologics, VCF, Decompression, Motion Preservation), Product (Thoracic, Cervical, Interbody, Spine Biologics, Non-Fusion, Stimulators), Type (Open, MIS) – Global Forecast to 2025
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/pedicle-screw-system-market.asp
Mr. Aashish Mehra