Pedicle Screw System Market to Jump at 6.1% CAGR to 2023, Led by Spinal Deformities, Spinal Trauma - Key Insights, Overview, Industry Research and Key Manufacturers

Major players in pedicle screw systems market include Globus Medical (US), DePuy Synthes (US), Zimmer Biomet (US), B. Braun (US), Stryker (US), and Medtronic (Ireland). Stringent regulatory frameworks and time-consuming product approval processes may hinder the growth of the pedicle screw systems market to a certain extent.

The global 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%. 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.

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The pedicle screw systems market has been segmented into monoaxial, polyaxial, and other pedicle screw systems. In 2018, polyaxial pedicle screw systems segment is projected to account for the largest share of micro array analysis market. The large share of this segment is primarily attributed to increasing prevalence of spinal degeneration disorders and product launches.

The objectives of this study are as follows:
• To define, describe, segment, and forecast the pedicle screw systems market by product type, surgery type, indication, application, and region
• To forecast the size of the market with respect to four main regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World
• To provide detailed information about factors influencing the growth of the market (drivers, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To profile key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies
• To track and analyze competitive developments such as product approvals, acquisitions, and product launches in the pedicle screw systems market

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Pedicle screw systems market has been segmented into open surgery and minimally invasive surgery. The open surgery segment is expected to account for the largest share of the pedicle screw systems market in 2018. The large share of this segment can be attributed to the rising geriatric population and increasing incidence of spinal deformities.

Competitive Landscape
1 Overview
2 Market Ranking Analysis, 2017
3 Competitive Scenario
4 Product Launches and Approvals
5 Acquisitions
6 Expansions

In this report, the pedicle screw systems market is segmented into four major regional segments—North America, Europe, Asia Pacific, & Rest of the World. Pedicle screw systems market in the Asia Pacific is projected to register highest growth during forecast period. Increasing incidence and prevalence of spinal cord injuries & rising geriatric population in the region are the key factors driving market growth.

More Information on “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” research https://www.reportsnreports.com/purchase.aspx?name=1735665 .

The major factors driving pedicle screw systems market growth of this market are the increasing incidence of spinal injuries, rising geriatric population and the subsequent increase in the prevalence of age-associated orthopedic disorders (arthritis and osteoporosis), technological advancements, and the growing preference for minimally invasive surgeries.

The primary interviews conducted for this report can be categorized as follows:
• By Company Type: Tier 1—70% and Tier 2—30%
• By Designation:C-level—62%, Director-level—21%, Others—17%
• By Region: North America—50%, Europe—20%, AsiaPacific—30%

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This release was published on openPR.