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.
Market Dynamics
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
Company Profiles
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.
About Technavio
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.
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SOURCE Technavio