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The pedicle screw system market share is expected to increase by USD 212.03 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.60%.
This pedicle screw system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers pedicle screw system market segmentation by product (monoaxial and polyaxial orthopedic pedicle screws and cannulated orthopedic pedicle screws) and geography (North America, Europe, Asia, and ROW). The pedicle screw system market report also offers information on several market vendors, including Alphatec Holdings Inc., B. Braun Melsungen AG, Captiva Spine Inc., CarboFix Orthopedics Ltd., Genesys Orthopedic Systems LLC, Globus Medical Inc., HPI Implants, Johnson and Johnson Inc., Stryker Corp., and Zimmer Biomet Holdings Inc. among others.
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The increasing number of spine surgeries is notably driving the pedicle screw system market growth, although factors such as high costs associated with spine surgery may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pedicle screw system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This pedicle screw system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the pedicle screw system market encompasses successful business strategies deployed by the key vendors. The pedicle screw system market is fragmented and the vendors are deploying growth strategies such as developing new products with advanced technologies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The pedicle screw system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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45% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for pedicle screw systems in North America. However, the market growth rate in this region will be slower than the growth of the market in Asia and Europe.
The increasing number of spine injuries and disorder cases, rising number of geriatric populations, increasing number of congenital orthopedic conditions such as scoliosis, product launches, presence of public and private insurance policies, and growing presence of vendors will facilitate the pedicle screw system market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The pedicle screw system market share growth by the monoaxial and polyaxial orthopedic pedicle screws segment will be significant during the forecast period. The presence of companies that offer biocompatible orthopedic pedicle screws with better stability will boost the adoption of monoaxial and polyaxial orthopedic pedicle screws. Also, the adoption of orthopedic surgical navigation products in MI spine surgeries will help boost the adoption of MI spine surgeries, which, in turn, will fuel the growth of the monoaxial and polyaxial orthopedic pedicle screws segment. Vendors are focusing on developing monoaxial and polyaxial orthopedic pedicle screws that can be used for various spine surgical procedures.
This report provides an accurate prediction of the contribution of all the segments to the growth of the pedicle screw system market size and actionable market insights on post COVID-19 impact on each segment.
Pedicle Screw System Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.60% |
Market growth 2021-2025 |
$ 212.03 million |
Market structure |
Fragmented |
YoY growth (%) |
6.10 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 45% |
Key consumer countries |
US, Germany, Japan, France, and Canada |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alphatec Holdings Inc., B. Braun Melsungen AG, Captiva Spine Inc., CarboFix Orthopedics Ltd., Genesys Orthopedic Systems LLC, Globus Medical Inc., HPI Implants, Johnson and Johnson Inc., Stryker Corp., and Zimmer Biomet Holdings Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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