NEW YORK , Dec. 20, 2021 /PRNewswire/ -- Technavio's latest research report on the Pedicle Screw System Market offers a comprehensive analysis of new product launches, the latest trends, drivers, and challenges The pedicle screw system market share growth by the monoaxial and polyaxial orthopedic pedicle screws segment will be significant for revenue generation. 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.
The pedicle screw system market size is expected to increase by USD 212.03 million , at a CAGR of 6.60% from 2020 to 2025 as per the latest market report by Technavio.
For more insights on the pedicle screw system market - Download a free sample now!
The market is driven by factors such as the increasing number of spine surgeries, growing number of product launches, and strategic business partnerships. However, the high costs associated with spine surgery is hindering market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The 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 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. The pedicle screw system market report provides complete insights on key 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.
Few companies with key offerings
Alphatec Holdings Inc. - The company offers pedicle screw system products under the brand name of SingleStep.
B. Braun Melsungen AG - The company offers pedicle screw system products under the brand name Ennovate.
Captiva Spine Inc. - The company offers pedicle screw system products under the brand name TowerLOX-EXT.
CarboFix Orthopedics Ltd. - The company offers pedicle screw system products under the brand name of CarboClear.
Genesys Orthopedic Systems LLC - The company offers pedicle screw system products under the brand name Thoracolumbar.
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
By Product, the market is classified into monoaxial & polyaxial orthopedic pedicle screws and cannulated orthopedic pedicle screws.
By Geography, the market is classified as North America , Europe , Asia , and ROW. North America will have the largest share of the market.
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Pedicle Screw System Market Scope
Accelerate at a CAGR of 6.60%
North America, Europe, Asia, and ROW
US, Germany, Japan, France, and Canada
Leading companies, competitive strategies, consumer engagement scope
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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