Pedicle Screw Systems Global Market By Product Type, By Surgery Type, By Indication, By Application, Regional Outlook and Forecast 2024-2033

Overview and Scope
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.

Sizing and Forecast
The pedicle screw systems market size has grown strongly in recent years. It will grow from $5.4 billion in 2023 to $5.68 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%.  The growth in the historic period can be attributed to advancements in surgical techniques, rise in spinal disorders, aging population, research and development, regulatory approvals and standards.

The pedicle screw systems market size is expected to see steady growth in the next few years. It will grow to $6.8 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%.  The growth in the forecast period can be attributed to adoption of value-based healthcare models, patient preference for improved quality of life, surgeon training and education programs, market competition and product development. Major trends in the forecast period include personalized implants, navigation and robotics, biocompatible materials, focus on minimally invasive surgery (mis), expandable and adjustable systems, wireless implantable monitoring.

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Segmentation & Regional Insights
The pedicle screw systems market covered in this report 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

North America was the largest region in the pedicle screw systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global pedicle screw systems market report during the forecast period. The regions covered in the pedicle screw systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rise in the prevalence of arthritis is expected to drive the growth of the pedicle screw systems market going forward. Arthritis is a term used to describe joint pain or joint disease. Pedicle screw systems are used to achieve the accuracy and safety of cervical pedicle screw insertion in patients with cervical disorders, including those with rheumatoid arthritis (RA). For instance, in October 2021, according to Centers for Disease Control and Prevention, a US-based agency for the department of Health & Human Services, by 2040, approximately 78.4 million adults who are 18 years or older (equivalent to 25.9% of the anticipated total adult population) will be diagnosed with arthritis, which is an increase from 63 million in 2020. Therefore, the rise in the prevalence of arthritis is expected to propel the growth of the pedicle screw systems market.

Key Industry Players
Major companies operating in the pedicle screw systems market report are Globus Medical  Inc., Medtronic plc, Orthofix Medical  Inc., Stryker Corporation, DePuy Synthes Companies of Johnson & Johnson, Zimmer Biomet Holdings  Inc., B. Braun Melsungen AG, Alphatec Holdings Inc., RTI Surgical  Inc., Johnson & Johnson, Atec Spine  Inc., CoreLink Holding LLC, Xtant Medical  Inc., Implant Systems LLC, Evolution Spine  LLC, Exactech  Inc., Life Spine  Inc., NuVasive  Inc., Qualgenix LLC, Solco Biomedical Pvt Ltd, CTL Amedica Corporation, Precision Spine  Inc., Spineart SA, Aesculap Implant Systems LLC, K2M  Inc., LDR Holding Corporation, Paradigm Spine  LLC, Spinal Elements  Inc., Titan Spine LLC, Vertebral Technologies  Inc., X-spine Systems  Inc., Aurora Spine Corporation, Captiva Spine  Inc., ChoiceSpine LP, Expanding Orthopedics Inc., FH Orthopedics Inc., Intrinsic Therapeutics Inc., Kuros Biosciences AG

The pedicle screw systems  market report table of contents includes:
1. Executive Summary

2. Pedicle Screw Systems Market Characteristics

3. Pedicle Screw Systems Market Trends And Strategies

4. Pedicle Screw Systems Market - Macro Economic Scenario

5. Global Pedicle Screw Systems Market Size and Growth

.....

32. Global Pedicle Screw Systems Market Competitive Benchmarking

33. Global Pedicle Screw Systems Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Pedicle Screw Systems Market

35. Pedicle Screw Systems Market Future Outlook and Potential Analysis

36. Appendix

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