New York, According to a new market research report published by Global Insight Services “Pedicle Screw Systems Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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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Key Trends
There are several key trends in pedicle screw systems technology. One is the development of new materials that are more biocompatible and can better withstand the forces exerted by the screw. Another is the development of new designs that allow for better fixation of the screw and less likelihood of loosening or migration. Additionally, there is a trend toward miniaturization of pedicle screw systems, which allows for less invasiveness and quicker recovery times.
Key Drivers
There are various drivers that are responsible for the growth of the Pedicle Screw Systems market. The most important driver is the rising number of patients suffering from degenerative diseases of the spine. This is due to the sedentary lifestyle of people and the increasing aging population. Moreover, the technological advancements in the field of minimally invasive spine surgeries are also responsible for the growth of this market. The other drivers include the increasing awareness about the benefits of these surgeries and the rising healthcare expenditure.
Market Segments
The Pedicle Screw Systems Market is segmented by product, material, application and region. By product, the market is divided into cervical pedicle screw systems and thoraco-Lumbar Pedicle screw systems. Based on material, it is bifurcated into stainless steel, titanium alloys, and unalloyed titanium. On the basis of application, it is classified into spondylolisthesis, fracture, scoliosis, and spinal tumor. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the rest of the World.
Key Players
The Pedicle Screw Systems Market includes players such as 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. and NuVasive Inc.
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Reasons to buy Pedicle Screw Systems Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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