Latest News:- Orthopedic Pedicle Screws Market: Hospitals is expected to lead the End-user segment during 2024-2028

Orthopedic Pedicle Screws Market to grow at a CAGR of 7.83% during 2024-2028

The Orthopedic Pedicle Screws Market is expected to grow at a CAGR of 7.83% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 342.76 million. In the orthopedic sector, advancements in surgical technologies are revolutionizing the way medical professionals perform implant-related surgeries. These innovations enable surgeons to execute procedures more accurately and efficiently, reducing risks and shortening recovery time for patients. The integration of technology, such as surgical robots, facilitates minimally invasive surgeries with precision. With these advancements, the number of patients opting for orthopedic surgeries is projected to increase during the forecast period, ultimately benefiting the orthopedic pedicle screws market. 

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The Hospitals subsegment is expected to dominate the End-user segment during the forecast period 

Technavio analysts predict that the Hospitals subsegment will lead the End-user segment during 2024 and 2028 The global orthopedic pedicle screws market is experiencing significant growth, fueled predominantly by the increasing prevalence of orthopedic conditions and the expanding senior population. Hospitals serve as primary sites for application and are the hubs for orthopedic procedures. These institutions are increasingly relying on advanced orthopedic pedicle screws to enhance patient care and outcomes. Market leaders, including Zimmer, Stryker, and Medtronic, are pioneering innovation in pedicle screw solutions. Furthermore, the market's expansion is underpinned by continuous R&D investments, strategic collaborations, and a relentless commitment to improving patient care.

Here are the various ways based on which the market is segmented: 

• End-user
  • Hospitals
  • Ambulatory surgical centers
  • Specialty clinics
• Product
  • Monoaxial and polyaxial orthopedic pedicle screws
  • Cannulated orthopedic pedicle screws
• Geography
  • North America
  • Europe
  • Asia
  • Rest of World (ROW)

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish increasing number of spine surgeries

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Orthopedic Pedicle Screws Market has witnessed significant growth in recent years due to the increasing prevalence of musculoskeletal conditions, particularly in the geriatric population. These conditions include degenerative spinal disorders, spinal cord injury, and accidental fracture cases, which often require spinal fusion surgery for stability. Pedicle screws are essential implants used in spinal fusion surgery to provide stability and facilitate bone fusion. Key players in the Orthopedic Pedicle Screws Market include RTI Surgical, Implanet, and Aesculap Implant Systems. These companies offer a range of pedicle screw devices designed to protect neural elements and ensure accurate placement. The demand for pedicle screws is expected to increase as the global population ages and the incidence of spinal disorders rises. Spine surgeons rely on these devices to provide optimal outcomes for their patients, making the Orthopedic Pedicle Screws Market an essential component of the healthcare industry.

Market Research Overview

According to Technavio, the global orthopedic pedicle screws market is a segment of the expansive healthcare supplies industry. This market encompasses manufacturers of medical devices, specifically orthopedic pedicle screws, which fall under the broader category of medical consumables. The parent healthcare supplies market comprises companies involved in research and development (R&D) of various medical product categories, including orthopedic pedicle screws, as well as diagnostic and therapeutic tools such as syringes, drapes, gloves, and gowns. Technavio determines the size of the healthcare supplies market by aggregating the revenues generated by these manufacturers.

The Orthopedic Pedicle Screws Market is experiencing significant growth, fueled by the increasing number of spine surgeries. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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