Pedicle Screw System Market Size, Revenue, Review, Statistics, Demand Supply and Forecast to 2023

2020 Research Report on Global Pedicle Screw System Market is a professional and comprehensive report on the Pedicle Screw System industry.

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Key Players: Medtronic (Ireland), DePuy Synthes (US), Zimmer Biomet (US), Globus Medical (US) and B.Braun (US).

"The global pedicle screw systems market projected to grow at a CAGR of 6.1% during the forecast period."

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%. The major factors driving the 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. On the other hand, the stringent regulatory framework and time-consuming approval process and product recalls and failures could hinder market growth to a certain extent.

"The polyaxial pedicle screw systems segment dominated the market in 2018."

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

"Them in imally invasive surgery segment is estimated to grow at a rapid rate during the analysis period."

Based on surgery type, the pedicle screw systems market is segmented into open surgery and minimally invasive surgery. The minimally invasive surgery segment is expected to grow at the fastest rate during the forecast period due to their advantages over open surgeries, low treatment cost, and technological advancements in MIS devices.

"Asia Pacific is estimated to register the highest CAGR during the study period."

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

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In the end, the Global Pedicle Screw System Market report's conclusion part notes the estimation of the industry veterans.

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