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Pedicle Screw Systems Market: Insights on Market Size, CAGR, Key Drivers, and Emerging Trends Forecast till 2025
Pedicle Screw Systems Market
What Is The Projected Market Size Of The Global Pedicle Screw Systems Market And Its Growth Rate?
The pedicle screw systems market is slated for steady growth with key market figures such as:
• 2024 Market Size: $5.52 billion
• 2025 Market Size: $5.74 billion (3.8% CAGR)
• Expected market size by 2029: $7.18 billion (5.8% CAGR)
The market growth can be attributed to various factors such as advancements in surgical techniques, rise in spinal disorders, an aging population, research and development activities, regulatory approvals and standards, and the adoption of value-based healthcare models.
What Is Driving The Growth In The Pedicle Screw Systems Market?
The rise in the prevalence of arthritis is a major factor driving the growth of the pedicle screw systems market. Arthritis, a term used to describe joint pain or joint disease, is becoming increasingly prevalent, especially among adults over the age of 18. Pedicle screw systems are deployed to enhance the safety of cervical pedicle screw insertion in patients with cervical disorders, including those with rheumatoid arthritis. According to data from the US based CDC National Center for Health Statistics (NCHS), the age-adjusted prevalence of diagnosed arthritis among adults was 18.9% in February 2024. This accounts for approximately 1 in 5 adults in the U.S. suffering from arthritis, with women being more prone at 21.5% compared to men at 16.1%. Hence, the rising prevalence of arthritis is expected to fuel the growth of the pedicle screw systems market.
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Who Are The Key Players Driving Pedicle Screw Systems Market Growth?
The pedicle screw systems market features various key players, including:
• Globus Medical Inc.
• Medtronic plc
• Orthofix Medical Inc.
• Stryker Corporation
• DePuy Synthes Companies of Johnson & Johnson
• Zimmer Biomet Holdings Inc.
• B. Braun Melsungen AG
• Alphatec Holdings Inc.
• RTI Surgical Inc., and many more.
What Are The Key Trends In The Pedicle Screw Systems Market?
Significant market trends include:
• Personalized implants
• Adoption of navigation and robotics
• Use of biocompatible materials
• Focus on minimally invasive surgery (MIS)
• Development of expandable and adjustable systems
• Wireless implantable monitoring
What Are The Segments Of The Global Pedicle Screw Systems Market?
The pedicle screw systems market can be segmented into:
• By Product: Monoaxial Pedicle Screw, Polyaxial Pedicle Screw, Other Products
• By Surgery Type: Open Surgery, Minimally Invasive Surgery
• By Indication: Spinal Trauma Injuries, Spinal Deformities, Spinal Degeneration, Other Indications
• By Application: Hospitals, Clinic, Other Applications
Which Region Leads The Pedicle Screw Systems Market?
North America was the largest region in the pedicle screw systems market in 2024. The Asia-Pacific region, however, is expected to record the fastest growth during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Pedicle Screw Systems Global Market Report?
- Market Size Analysis: Analyze the Pedicle Screw Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pedicle Screw Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pedicle Screw Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pedicle Screw Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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