Pedicle Screw Rod System Market Outlook: Complete Industry Analysis (2024 to 2031
The "Pedicle Screw Rod System Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Pedicle Screw Rod System market is expected to grow annually by 14.2% (CAGR 2024 - 2031).
This entire report is of 178 pages.
Pedicle Screw Rod System Introduction and its Market Analysis
The Pedicle Screw Rod System market research report provides a comprehensive analysis of the market conditions for this orthopedic medical device. The Pedicle Screw Rod System is used in spinal fusion surgeries to provide stability and support for the spine. The target market for this system includes patients with spinal deformities, degenerative disc diseases, and traumatic injuries. Major factors driving revenue growth in this market include the increasing prevalence of spinal disorders, advancements in technology, and rising demand for minimally invasive surgical procedures. Key players in the market include Depuy Synthes (Johnson & Johnson), Zimmer Biomet, Globus Medical, B. Braun, Stryker, Medtronic, RTI Surgical, K2M Group, Orthofix, and Alphatec Spine. The main findings of the report highlight the growing adoption of Pedicle Screw Rod Systems globally and the focus on research and development by key market players. Recommendations include strategic partnerships, product innovations, and geographic expansion to capitalize on the growing market potential.
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The global Pedicle Screw Rod System market is segmented into Monoaxial and Polyaxial systems, with applications in Thoracolumbar and Cervical Fusion surgeries. The market is driven by a growing demand for minimally invasive procedures and advancements in surgical techniques. Regulatory and legal factors specific to market conditions vary by region, with stringent approval processes and compliance requirements influencing market dynamics. As the healthcare industry continues to evolve, manufacturers are focusing on product innovation and strategic partnerships to gain a competitive edge. Overall, the Pedicle Screw Rod System market is expected to experience steady growth in the coming years, fueled by an increasing prevalence of spinal disorders and a rising aging population globally.
Top Featured Companies Dominating the Global Pedicle Screw Rod System Market
The pedicle screw rod system market is highly competitive with key players such as Depuy Synthes (Johnson & Johnson), Zimmer Biomet, Globus Medical, B. Braun, Stryker, Medtronic, RTI Surgical, K2M Group, Orthofix, and Alphatec Spine dominating the market. These companies offer a wide range of pedicle screw rod systems for spinal fusion surgeries, catering to various segments of the market.
Depuy Synthes, a division of Johnson & Johnson, is a leading player in the pedicle screw rod system market with a strong focus on innovation and product development. Zimmer Biomet also holds a significant market share by offering a comprehensive portfolio of spinal implants and instruments.
Globus Medical is known for its advanced technology and high-quality products in the spinal implant market, while B. Braun has a strong presence in the global market with its innovative pedicle screw rod systems.
Stryker, Medtronic, RTI Surgical, K2M Group, Orthofix, and Alphatec Spine are also prominent players in the market, contributing to the growth of the pedicle screw rod system market through their extensive product offerings and strategic partnerships.
These companies utilize pedicle screw rod systems for spinal fusion surgeries to provide stability and support to the spine, facilitating proper alignment and fusion of the vertebrae. By investing in research and development to improve the design and functionality of pedicle screw rod systems, these companies help to drive the growth of the market.
In terms of sales revenue, Medtronic reported a revenue of $ billion in the fiscal year 2020, while Stryker reported a revenue of $14.9 billion in the same period. Zimmer Biomet reported a revenue of $7.9 billion in 2020, while Depuy Synthes (Johnson & Johnson) reported a revenue of $26.6 billion in the same year.
- Depuy Synthes (Johnson & Johnson)
- Zimmer Biomet
- Globus Medical
- B. Braun
- Stryker
- Medtronic
- RTI Surgical
- K2M Group
- Orthofix
- Alphatec Spine
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Pedicle Screw Rod System Market Analysis, by Type:
- Monoaxial Pedicle Screw Rod System
- Polyaxial Pedicle Screw Rod System
The monoaxial pedicle screw rod system consists of screws that are fixed at a specific angle, allowing for controlled motion. On the other hand, the polyaxial pedicle screw rod system features screws that can move in multiple directions, providing more flexibility during surgery. These systems cater to different surgical needs, ultimately boosting the demand for pedicle screw rod systems in the market. Surgeons have a variety of options to choose from based on the specific requirements of each patient, driving up the overall demand for pedicle screw rod systems in the healthcare industry.
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Pedicle Screw Rod System Market Analysis, by Application:
- Thoracolumbar
- Cervical Fusion
The application of Pedicle Screw Rod System in thoracolumbar and cervical fusion involves the use of screws inserted into the pedicles of the vertebrae, connected by rods to stabilize the spine during fusion. This system allows for better fixation and fusion outcomes compared to traditional methods. The fastest growing application segment in terms of revenue is thoracolumbar fusion, as it is used in the treatment of various spinal disorders and deformities, providing surgeons with a reliable and effective tool for spinal stabilization and fusion surgery.
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Pedicle Screw Rod System Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The global Pedicle Screw Rod System market is expected to grow significantly in North America, with the United States and Canada leading the way. In Europe, countries such as Germany, France, the ., Italy, and Russia are also expected to see substantial growth. The Asia-Pacific region, including China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia, is projected to dominate the market, with China leading the pack. Latin America, particularly Mexico, Brazil, Argentina, and Colombia, are anticipated to show steady growth. The Middle East & Africa region, including Turkey, Saudi Arabia, UAE, and Korea, is also expected to witness growth. China is projected to have the highest market share percent valuation in the Pedicle Screw Rod System market, with other regions such as the United States, Europe, and Asia-Pacific following closely behind.
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