Market Overview:
The global Pedicle Screw Rod System market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of spinal disorders, rising geriatric population, and technological advancements in pedicle screw rod systems. Based on type, the global Pedicle Screw Rod System market is segmented into monoaxial pedicle screw rod system and polyaxial pedicle screw rod system. The monoaxial pedicle screw rod system segment is expected to account for a larger share of the global Pedicle Screw Rod System market than the polyaxial pedicle screw rod system segment during the forecast period.
Product Definition:
A pedicle screw rod system is a medical device that is used to stabilize the spine. It consists of screws that are inserted into the vertebrae and a metal rod that connects the screws. The system helps to correct alignment issues and prevent further damage to the spine.
Monoaxial Pedicle Screw Rod System:
The monoaxial pedicle screw rod system is used to advance the rotary drilling equipment in order to create a guide for the drill bit. The system comprises of two components, which are; aluminum alloy body and titanium coated carbon fiber or stainless steel screw. The body of this device is intended to push against the walls of a borehole as it advances along with the drill string, therefore providing torque that helps in creating a stable guide for drilling operations.
Polyaxial Pedicle Screw Rod System:
The polyaxial pedicle screw rod system is a new technology that has been developed to overcome the limitations of the traditional method. The conventional method has many drawbacks such as it can lead to screw penetration through soft tissues, bone or organs, which may cause damage or injury to vital body parts. In addition, it also leads to high risk of infection transmission along with other health hazards.
Application Insights:
The thoracolumbar fixation segment held the largest market share in 2017. This is due to the high usage rate of pedicle screws for lumbar fusions and other procedures. According to a study published by NCBI, out of total 6,936 spinal fusion surgeries performed in U.S., around 78% used pedicle screw as a primary method of fixation. The cervical application segment is expected to grow at fastest CAGR during forecast period owing to increasing number of spondylodesis and kyphoplasty procedures worldwide. In addition, growing awareness about this procedure among general surgeons as an alternative solution for treating certain types of neck pain will boost growth over the forecast period (See ¢â‚¬Å“Cervical Fusion Surgery: A Growing Trend Worldwide¢â‚¬).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare expenditure levels. Moreover, an increase in government initiatives and establishment of new centers for research activities are expected to fuel regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to increasing medical tourism and favorable reimbursement policies by private as well as public players. In addition, rising disposable income especially after tax benefits along with improving standard of living will drive demand further.
Growth Factors:
- Increasing incidence of spinal cord injuries: The increasing incidence of spinal cord injuries is one of the key growth drivers for the Pedicle Screw Rod System market. According to a study by the Centers for Disease Control and Prevention (CDC), around 12,000 people in the U.S. suffer a spinal cord injury each year. This number is expected to rise in future due to increasing awareness about spine health and rising geriatric population.
- Growing demand for minimally invasive surgeries: The growing demand for minimally invasive surgeries is another major growth driver for the Pedicle Screw Rod System market. Minimally invasive surgeries are less traumatic and result in shorter hospital stays as compared to traditional open surgery procedures. This has led to an increase in their adoption over the past few years, especially among younger patients who are more comfortable with such procedures than older patients are .
Scope Of The Report
Report Attributes
Report Details
Report Title
Pedicle Screw Rod System Market Research Report
By Type
Monoaxial Pedicle Screw Rod System, Polyaxial Pedicle Screw Rod System
By Application
Thoracolumbar, Cervical Fusion
By Companies
Depuy Synthes(Johnson & Johnson), Zimmer Biomet, Globus Medical, B. Braun, Stryker, Medtronic, RTI Surgical, K2M Group, Orthofix, Alphatec Spine
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Pedicle Screw Rod System Market Report Segments:
The global Pedicle Screw Rod System market is segmented on the basis of:
Types
Monoaxial Pedicle Screw Rod System, Polyaxial Pedicle Screw Rod System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Thoracolumbar, Cervical Fusion
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Depuy Synthes(Johnson & Johnson)
- Zimmer Biomet
- Globus Medical
- B. Braun
- Stryker
- Medtronic
- RTI Surgical
- K2M Group
- Orthofix
- Alphatec Spine
Highlights of The Pedicle Screw Rod System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monoaxial Pedicle Screw Rod System
- Polyaxial Pedicle Screw Rod System
- By Application:
- Thoracolumbar
- Cervical Fusion
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pedicle Screw Rod System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Pedicle Screw Rod System is a surgical technique that uses screws to secure the vertebrae in the spine. The screws are inserted through small openings in the vertebrae and into the spinal cord. This system is used to stabilize fractures or other injuries to the spine.
Some of the major players in the pedicle screw rod system market are Depuy Synthes(Johnson & Johnson), Zimmer Biomet, Globus Medical, B. Braun, Stryker, Medtronic, RTI Surgical, K2M Group, Orthofix, Alphatec Spine.
The pedicle screw rod system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pedicle Screw Rod System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pedicle Screw Rod System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pedicle Screw Rod System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pedicle Screw Rod System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pedicle Screw Rod System Market Size & Forecast, 2018-2028
4.5.1 Pedicle Screw Rod System Market Size and Y-o-Y Growth
4.5.2 Pedicle Screw Rod System Market Absolute $ Opportunity
Chapter 5 Global Pedicle Screw Rod System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Pedicle Screw Rod System Market Size Forecast by Type
5.2.1 Monoaxial Pedicle Screw Rod System
5.2.2 Polyaxial Pedicle Screw Rod System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pedicle Screw Rod System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Pedicle Screw Rod System Market Size Forecast by Applications
6.2.1 Thoracolumbar
6.2.2 Cervical Fusion
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pedicle Screw Rod System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pedicle Screw Rod System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Pedicle Screw Rod System Analysis and Forecast
9.1 Introduction
9.2 North America Pedicle Screw Rod System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Pedicle Screw Rod System Market Size Forecast by Type
9.6.1 Monoaxial Pedicle Screw Rod System
9.6.2 Polyaxial Pedicle Screw Rod System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Pedicle Screw Rod System Market Size Forecast by Applications
9.10.1 Thoracolumbar
9.10.2 Cervical Fusion
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Pedicle Screw Rod System Analysis and Forecast
10.1 Introduction
10.2 Europe Pedicle Screw Rod System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Pedicle Screw Rod System Market Size Forecast by Type
10.6.1 Monoaxial Pedicle Screw Rod System
10.6.2 Polyaxial Pedicle Screw Rod System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Pedicle Screw Rod System Market Size Forecast by Applications
10.10.1 Thoracolumbar
10.10.2 Cervical Fusion
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Pedicle Screw Rod System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pedicle Screw Rod System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Pedicle Screw Rod System Market Size Forecast by Type
11.6.1 Monoaxial Pedicle Screw Rod System
11.6.2 Polyaxial Pedicle Screw Rod System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Pedicle Screw Rod System Market Size Forecast by Applications
11.10.1 Thoracolumbar
11.10.2 Cervical Fusion
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Pedicle Screw Rod System Analysis and Forecast
12.1 Introduction
12.2 Latin America Pedicle Screw Rod System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Pedicle Screw Rod System Market Size Forecast by Type
12.6.1 Monoaxial Pedicle Screw Rod System
12.6.2 Polyaxial Pedicle Screw Rod System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Pedicle Screw Rod System Market Size Forecast by Applications
12.10.1 Thoracolumbar
12.10.2 Cervical Fusion
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Pedicle Screw Rod System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pedicle Screw Rod System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Pedicle Screw Rod System Market Size Forecast by Type
13.6.1 Monoaxial Pedicle Screw Rod System
13.6.2 Polyaxial Pedicle Screw Rod System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Pedicle Screw Rod System Market Size Forecast by Applications
13.10.1 Thoracolumbar
13.10.2 Cervical Fusion
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pedicle Screw Rod System Market: Competitive Dashboard
14.2 Global Pedicle Screw Rod System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Depuy Synthes(Johnson & Johnson)
14.3.2 Zimmer Biomet
14.3.3 Globus Medical
14.3.4 B. Braun
14.3.5 Stryker
14.3.6 Medtronic
14.3.7 RTI Surgical
14.3.8 K2M Group
14.3.9 Orthofix
14.3.10 Alphatec Spine
