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Rising Number of Spinal Cord Injuries Will Drive the Demand for Pedicle Screw Systems Market | Evolution Spine LLC, Exactech Inc., Globus Medical Inc.

05-18-2023 04:31 PM CET | Health & Medicine

Press release from: Global Insight Services

Rising Number of Spinal Cord Injuries Will Drive the Demand

The global Pedicle Screw Systems Market was valued at USD 2.3 billion in 2021 and it is anticipated to grow up to USD 4.4 billion by 2031, at a CAGR of 6.7% during the forecast period.

A pedicle screw system is a device that is used to fixate the spine. It consists of two main components: pedicle screws and rods. Pedicle screws are inserted into the pedicles of the vertebrae and are secured in place with rods. This system is used to treat a variety of spine conditions, including scoliosis, kyphosis, and spondylolisthesis. It is also used in spinal fusion surgery.

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Market Trends and Drivers

The rising number of spinal cord injuries will drive the demand for pedicle screw systems.

Increasing cases of spinal cord injuries are expected to increase market demand. According to the National Spinal Cord Injury Statistical Center at the University of Alabama at Birmingham (UAB), approximately 17,730 new spinal cord injury cases are reported each year in the United States. As a result, the growing number of spinal disease cases have a severe impact on the economy and society, necessitating rapid medical attention.

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Global Pedicle Screw Systems Market Segmentation

By Product Type

Monoaxial Pedicle Screw
Polyaxial Pedicle Screw
Others

By Surgery

Open Surgery
Minimally Invasive Surgery

By Indication

Spinal Deformities
Spinal Trauma

By Application

Cervical Fusion
Thoracolumbar
Lumber

By Region

North America
The U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of World
Latin America
Middle East
Africa

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Key Players

Medtronic plc
Aesculap Implant Systems LLC
Alphatec Holdings Inc.
DePuy Synthes Inc.
Evolution Spine LLC
Exactech Inc.
Globus Medical Inc.
Implanet SA
Life Spine Inc.
NuVasive Inc.

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10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
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Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Global Insight Services LLC
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E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with the highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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