About Pedicle Screw Systems
The pedicle screw system is used in the surgical treatment of spinal deformities. It is becoming increasingly common in spine surgery for spinal stabilization. The new systems of pedicle screw systems are being developed every day. The factors such as Increased Incidences of Spinal Injuries among People, Rise in the Number of Diagnostic Centres and Hospitals and Increasing Preference for Minimally Invasive Surgeries are the key drivers for the global Pedicle Screw Systems market. In addition, Technological Advancements in Medical Science also fueling growth. However, Complications Associated with Surgeries and Stringent Regulatory Frameworks and Time-Consuming Approval Processes may hamper the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Pedicle Screw Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DePuySynthes (United States), Globus Medical Inc (United States), Alphatec Spine, Inc. (United States), Aesculap Implant Systems, Inc. (United States), CTL Medical Corporation (United States) and X-spine Systems (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Auxein Medical (India) and B. Braun (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Pedicle Screw Systems market by Type (Conical Pedicle Screw, Cylindrical Pedicle Screw and Dual Cored Pedicle Screw), Application (Hospitals, Clinics and Others) and Region.
On the basis of geography, the market of Pedicle Screw Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Indication, the sub-segment i.e. Spinal Deformities will boost the Pedicle Screw Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Surgery, the sub-segment i.e. Open Surgery will boost the Pedicle Screw Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in The Medical Science
Market Growth Drivers:
Increased Incidences of Spinal Injuries among People, Rise in the Number of Diagnostic Centres and Hospitals and Increasing Preference for Minimally Invasive Surgeries
Challenges:
Stringent Regulatory Framework and Time-Consuming Approval Process
Restraints:
Complications Associated with Surgeries
Opportunities:
Growth in the Healthcare Industry and Growing Geriatric Population Worldwide
Market Leaders and their expansionary development strategies
In April 2017, Spinal solutions provider Amendia Inc. is pleased to announce the acquisition of Spinal Elements Inc., a Carlsbad, Calif.-based corporation.
In January 2023,Orthopaedics company Orthofix Medical has announced the full commercial introduction of the new Mariner Deformity Pedicle Screw System.
Key Target Audience
Pedicle Screw Systems Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.