DUBLIN--(BUSINESS WIRE)--The "Pedicle Screw Systems Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The pedicle screw systems market studied was anticipated to witness a CAGR of 6.5% during the forecast period.
Companies Mentioned
- Zimmer Biomet
- Stryker Corporation
- Johnson and Johnson
- Globus Medical Inc.
- B. Braun Melsungen AG
- Alphatec Spine Inc.
- CTL Amedica Corporation
- Auxein Medical Pvt Ltd
- LDR Holding Corporation
- Medtronic PLC
The major factors attributing to the growth of the market are the increased adoption of these devices in treating degenerative spinal disorders. A steep rise in the incidences of sports-related and spinal cord injury (SCI) and accidental fracture cases resulted in surgical procedures.
Key Market Trends
Minimal Invasive Surgery Products are Expected to Hold the Major Market Share in the Pedicle Screw Systems Market
The Minimal invasive surgery (MIS) segment is expected to account for the largest share over the forecast period. This can be owing to the rising adoption of MIS procedures, coupled with the application of technologically advanced robotic and image-guided (IG) surgeries. Increasing demand for robotic and IG surgeries can be attributed to the clear visualization of intraoperative patient data, and safety during critical spinal surgical procedures with tiny incisions, and safeguarding organs near the operative location. Thus, an increased preference among the surgeons and patients, higher availability in the market with the latest approvals are likely to further drive the segment throughout the forecast period.
North America Dominates the Market and it is Expected to do the Same in the Forecast Period
North America is expected to dominate the pedicle screw systems market throughout the forecast period. This dominance is mainly owing to the surging demand for with growing prevalence of spinal deformities, accidents, and geriatric population in the region. According to the National Spinal Cord Injury Database report for 2019, about 291,000 persons are estimated to live with SCI in the United States. Also, vehicular injuries were found to be the highest cause of the SCI, representing more than 39% of total SCI, which is driving the market in the region. Furthermore, adoption for MIS procedures with higher awareness and affordability due to disposable income in the United States fuels the market. Additionally, the high cost of the products is likely to contribute to the outstanding share of the region, propelling the global market revenue across the forecast period.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Global Prevalence of Spinal Cord Injuries and Orthopedic Disorders
4.2.2 Rapid Technological Advancements in the MIS Techniques
4.3 Market Restraints
4.3.1 Lack of Skilled Healthcare Professionals to Operate the Advanced Products
4.3.2 Highly Expensive Treatments and Lack of Proper Reimbursement Policies
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Surgery Type
5.1.1 Open Surgery
5.1.2 Minimal Invasive Surgery
5.2 Product
5.2.1 Monoaxial Pedicle Screw
5.2.2 Polyaxial Pedicle Screw
5.2.3 Other Products
5.3 Indication
5.3.1 Spinal Trauma Injuries
5.3.2 Spinal Deformities
5.3.3 Spinal Degeneration
5.3.4 Other Indications
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/s8g13v
