Adroit Market Research report on global pedicle screw systems market offers in depth analysis of the market for the period from 2015 to 2025. Countries such as India, Japan, China, Italy etc. house the largest aged population, and therefore harbor the demand for pedicle screw systems.
Dallas, United States - October 25, 2020 /MarketersMedia/ —
Pedicle Screw System Market to Witness Large Scale Growth with Thorough Adoption in Minimally Invasive Spinal Surgeries
Global pedicle screw systems market to grow from USD 548.6 million in 2018 to USD 890.0 million in 2025 at a CAGR of 6.04% Pedicle screw system is gaining fast track adoption to enable spinal stabilization, most commonly observed during surgical cases of the spine. Pedicle spine screw systems are unique screws that are utilized as bone screws to attain spinal fixation during fusion treatment.
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Pedicle fixation systems have been acknowledged as ideal treatment system to ensure biomechanical segmental fixation, backed by which medical fraternity is investing aggressively in further improvising the capabilities of pedicle screw systems. Stability of the spine is thoroughly ensured with the aid of pedicle screw system. These market highlights are in sync with Adroit Market Research’s recently compiled business intelligence report included in its burgeoning online data archive.
Robotics is gaining ample adoption in healthcare industry owing to growing patient inclination towards minimal invasive surgical procedures. Recent developments are pertaining to robotics enabled pedicle screw placement mechanism which is still in infancy. Researchers and stakeholders are evaluating the potency of adopting dedicated navigation system to ensure superlative returns in terms of healthcare benefits and visible spike in healing, especially amongst cases of pedicle screw placement surgery.
Growing number of degenerative diseases directly hampering bone health and concomitant rise in associated bone surgeries to accelerate growth in pedicle screw systems market. Advances in robotics is further necessitated by growing preferences for minimally invasive surgical procedures which together manifest favorable growth. Additionally, rise in accidents and mishaps leading to bone trauma is expected to further keep growth momentum high in the pedicle screw systems market in the coming years.
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Market participants in global pedicle screw system market are constantly driving innovations with large scale investments in developing new metal alloys for superlative output. Echoing this, the FDA has recently affirmed the clearance of a new pedicle screw system made from a novel superalloy, molybdenum rhenium ditching the conventionally used titanium, iron alloys or cobalt. The driving factor of this newly added alloy is its biodegradability and absence of nickel, also making the resulting pedicle screw system sturdier with minimum wear and tear burden. The development is a significant leap forward in the global pedicle screw system market, enabling improved returns in the coming years.
Global pedicle screw system market is diversified into product, type of surgery, material type, and indication. By product global pedicle screw market is diversified into monoaxial and polyaxially pedicle screw system. Open and minimally invasive surgeries comprise major surgery segments. By material the market is classified into stainless steel, titanium and unalloyed titanium segments. Based on indication pedicle screw system market is segregated into spinal trauma, deformities and degeneration. Europe, North, Central, and South America, MEA and APAC are categorized as major regional belts in global pedicle screw system market.
Key segments of the global pedicle screw systems market
Product Overview, 2015-2025 (USD Million)
Monoaxial pedicle screw
Polyaxial pedicle screw
Others
Type of Surgery Overview, 2015-2025 (USD Million)
Open surgeries
Minimally invasive surgeries
Material Overview, 2015-2025 (USD Million)
Stainless Steel
Titanium Alloys
Unalloyed Titanium
Indication Overview, 2015-2025 (USD Million)
Spinal Trauma
Spinal Deformities
Spinal Degeneration
Others
Regional Overview, 2015-2025 (USD Million)
North America
US
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Central & South America
Middle East & Africa
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