New York, NY, Sept. 25, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Pedicle Screw Systems Market By Product (Monoaxial, Polyaxial, and Others), By Indication (Spinal Trauma Injuries and Spinal Deformities), By Surgery (Open Surgery and Minimal Invasive Surgery), and By Application (Cervical Fusion, Thoracolumbar Fusion, Fracture, Spinal Tumor, Scoliosis, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global pedicle screw systems market was USD 540 million in 2018 and is expected to generate around USD 806 million by 2025, at a CAGR of around 5.9% between 2019 and 2025.
The pedicle screw systems market is expected to register significant growth in the years ahead, owing to the increasing number of spinal cord injuries globally. Severe spinal cord injury (SCI) marks in vertebral damage lead to complete loss of motor control or sensory function of body, legs, and arms. Thus, to fix spinal injuries, pedicle screws are used. Moreover, an increasing elderly population suffering from arthritis is another significant factor driving the development of the pedicle screw systems market. With age, bones become weak and brittle, which makes them more susceptible to breaking and other deformities. According to the CDC, about 22.7% of adults are detected with arthritis, with a greater prevalence in women. This high prevalence is expected to boost the pedicle screw system market globally. In addition, there have been important technological advances in the field of orthopedics recently, which will also promote the pedicle screw systems market in the upcoming years.
Browse through 71 Tables & 32 Figures spread over 150 Pages and in-depth TOC on “Global Pedicle Screw Systems Market Size, Share & Trends Analysis, and Forecast, 2018–2025”.
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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. Polyaxial pedicle screw systems accounted for the largest market share in 2018, due to increasing number product launch and growing prevalence of spinal cord disorders.
The indication segment is divided into spinal deformities and spinal trauma injuries. The spinal deformities segment is expected to register a higher CAGR in the pedicle screw system market, owing to the high global prevalence of deteriorating spine disorders.
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Based on surgery, the pedicle screw market includes open surgery and minimally invasive surgeries. The minimally invasive surgery is expected to register the highest CAGR in the pedicle screw system market in the future. The open surgery accounted for the largest share in the global market in 2018, due to technological advancements in spinal fusion surgeries, increasing geriatric population, and rising spinal deformities incidences.
By application, the market for pedicle screw systems comprises fractures, thoracolumbar fusion, scoliosis, spinal tumor, cervical fusion, and others. The fractures segment accounts for a significant share in the global market, due to the growing prevalence of accidents and fracture.
Browse the full “Pedicle Screw Systems Market By Product (Monoaxial, Polyaxial, and Others), By Indication (Spinal Trauma Injuries and Spinal Deformities), By Surgery (Open Surgery and Minimal Invasive Surgery), and By Application (Cervical Fusion, Thoracolumbar Fusion, Fracture, Spinal Tumor, Scoliosis, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/pedicle-screw-systems-market
North America dominated the pedicle screw systems market in 2018, due to the growing spinal deformities prevalence, availability of advanced infrastructures and equipment, and rising number of spinal surgeries due to changing lifestyles. In the U.S., about 122,000 lumbar fusions were recorded in 2001. Based on population, this number represents about 220% upsurge per 100,000 in fusions as compared to 1990. Lumbar fusions augmented over 113% from 1996 to 2001. People aged 60 and over are more susceptible to lumbar fusions. Moreover, escalating aging population base, availability of favorable healthcare schemes listed by governments, and increasing awareness about pedicle screw systems are further propelling this regional market.
Europe held the second spot in the pedicle screw market in 2018, due to the increasing prevalence of lumbar degenerative disc and degenerative spinal disorders, rising preference for minimally invasive surgery, growing funding for development of new products. The U.K, France, and Germany have huge potential in the region’s pedicle screw systems market, owing to the high disposable income of people and various technological improvements.
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The Asia Pacific pedicle screw systems market is anticipated to show the highest growth in the future, owing to the increasing investments made by major companies, rising number of government initiatives to build a strong infrastructure, escalating geriatric population, and various technological advancements. A growing number of hospitals across the region is another major factor contributing to the pedicle screw systems market in the Asia Pacific.
The Middle East and Africa and Latin America are forecasted to grow steadily, owing to developing healthcare infrastructure, increasing awareness about pedicle screw systems, growing government investment for cancer treatment, and escalating establishments of hospitals and surgery clinics.
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.
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This report segments the pedicle screw systems market into:
Global Pedicle Screw Systems Market: By Product
- Monoaxial Pedicle Screw
- Polyaxial Pedicle Screw
- Others
Global Pedicle Screw Systems Market: By Indication
- Spinal Trauma Injuries
- Spinal Deformities
Global Pedicle Screw Systems Market: By Surgery
- Open Surgery
- Minimal Invasive Surgery
Global Pedicle Screw Systems Market: By Application
- Cervical Fusion
- Thoracolumbar Fusion
- Fracture
- Spinal Tumor
- Scoliosis
- Others
Global Pedicle Screw Systems Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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