Press release
Pedicle Screw Systems Market Size, Share, Growth and Report 2023-2030
Pedicle Screw Systems Market-DataM Intelligence.com
Projections indicate a 4.3% CAGR during the forecast period (2023-2030)
The global Pedicle Screw Systems Market has demonstrated robust growth, reaching a valuation of US$ 2.1 billion in 2022 and is anticipated to ascend to US$ 2.9 million by 2030, projecting a Compound Annual Growth Rate (CAGR) of 4.3% over the forecast period.
Pedicle screw systems, integral in treating various spinal disorders through spine procedures, secure screws into vertebrae's pedicles, stabilizing and supporting the spine. The threaded construction of these screws ensures secure fixation into the bone.
Market Scope Metrics
CAGR: 4.3%
Size Available for Years: 2021-2030
Forecast Period: 2023-2030
Data Availability: Value (US$)
Segments Covered: Product, Surgery Type, Indication, Application, and Region
Regions Covered: North America, Europe, Asia-Pacific, South America, Middle East & Africa
Fastest Growing Region: Asia-Pacific
Largest Region: North America
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Dynamics Driving Growth
The rising prevalence of spinal cord injuries propels the global pedicle screw systems market forward. Spinal cord injuries, causing significant morbidity, stem from major trauma, affecting 250,000 to 500,000 people annually worldwide. Advances in technology, highlighted in a 2023 Bioengineering article, contribute to market growth by enhancing pedicle screw performance and longevity through improved biomaterials and manufacturing techniques.
Challenges Impacting Market Growth
While pedicle screw systems are generally safe and effective, side effects such as infections and vascular damage can occur. Infections may range from minor wound infections to deep infections requiring additional intervention. Vascular damage, though rare, may lead to bleeding or impaired blood flow, necessitating immediate medical attention.
To know more Insights: https://www.datamintelligence.com/research-report/pedicle-screw-systems-market
Segment Analysis
The global market is segmented based on product, surgery type, indication, application, and region. The monoaxial pedicle screw segment, accounting for 47.2% in 2022, is anticipated to maintain market prominence, offering enhanced positioning and reduced tension.
Geographical Penetration
North America holds a dominant position, contributing 39.6% to the total market share. Factors such as an aging population, technological advancements, and increasing minimally invasive surgeries drive regional growth.
Competitive Landscape
Key players in the market include Zimmer Biomet, Stryker Corporation, Johnson and Johnson, Globus Medical Inc., B. Braun SE, CTL Amedica Corporation, Auxein Medical Pvt Ltd, LDR Holding Corporation, Medtronic PLC, and Alphatec Holding Inc.
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Spinal Stenosis Treatment Market: https://www.datamintelligence.com/research-report/spinal-stenosis-treatment-market
Spinal Fusion Devices Market: https://www.datamintelligence.com/research-report/spinal-fusion-devices-market
Spinal Implants and Devices Market: https://www.datamintelligence.com/research-report/spinal-implants-and-devices-market
Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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