Insights into Pedicle Screw Rod System Market Share and Competitive Landscape for period from 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 12.3% (CAGR 2024 - 2031).

This entire report is of 196 pages.

Pedicle Screw Rod System Introduction and its Market Analysis

The Pedicle Screw Rod System market research report analyzes market conditions for this surgical implant used in spinal fusion surgeries. The target market includes hospitals, ambulatory surgical centers, and orthopedic clinics. Major factors driving revenue growth include increasing incidence of spinal disorders, advancements in surgical techniques, and rising demand for minimally invasive procedures. Companies operating 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 report highlights market trends, key players, opportunities, and challenges, with recommendations for market entry and expansion strategies.

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The Pedicle Screw Rod System market is witnessing growth due to the rising prevalence of spinal disorders and increasing demand for minimally invasive surgeries. The market is segmented into Monoaxial and Polyaxial Pedicle Screw Rod Systems, with applications in Thoracolumbar and Cervical Fusion procedures. Regulatory and legal factors specific to market conditions include the stringent approval process for medical devices and the need for compliance with safety regulations. Companies in the market are focusing on developing innovative products to cater to the growing demand for advanced spinal fixation systems. With the increasing adoption of these systems in surgical procedures, the Pedicle Screw Rod System market is expected to witness significant growth in the coming years.

Top Featured Companies Dominating the Global Pedicle Screw Rod System Market

The global 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, trauma cases, and deformity corrections.

Depuy Synthes (Johnson & Johnson) is a leading player in the market with a strong focus on innovation and product development. Zimmer Biomet is known for its advanced spinal implants and navigation systems. Globus Medical is recognized for its innovative minimally invasive solutions. B. Braun offers a comprehensive portfolio of pedicle screw systems for spinal surgery.

Stryker is a key player in the market with a strong presence in the surgical navigation and robotics space. Medtronic is a global leader in medical technology, offering pedicle screw systems for various spine disorders. RTI Surgical specializes in spine implants and biologics. K2M Group is known for its focus on complex spine surgeries.

Orthofix offers a range of spine fixation solutions, including pedicle screw rod systems. Alphatec Spine is a prominent player in the market with a focus on innovative implant designs.

These companies help to grow the Pedicle Screw Rod System Market by investing in research and development, expanding their product portfolios, and forming strategic collaborations and partnerships. They also focus on marketing and distribution to reach a wider customer base and increase market share.

In terms of sales revenue, companies like Medtronic, Johnson & Johnson, and Stryker are among the top performers in the Pedicle Screw Rod System Market. Medtronic reported revenue of over $30 billion in 2020, while Johnson & Johnson's medical device segment generated over $25 billion in revenue. Stryker reported revenue of over $14 billion in 2020.

• 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

Monoaxial Pedicle Screw Rod System consists of screws and rods that are fixed in a single direction, providing stability and control over the spine. On the other hand, Polyaxial Pedicle Screw Rod System allows for multiple angles of screw placement, offering increased flexibility and ease of implantation. These innovative systems have significantly boosted the demand for Pedicle Screw Rod System in the market, as they provide improved surgical outcomes, reduced risk of complications, and enhanced patient recovery. Surgeons prefer these advanced systems for their adaptability and precision in treating spinal disorders, thereby driving the growth of the market.

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Pedicle Screw Rod System Market Analysis, by Application:

• Thoracolumbar
• Cervical Fusion

The Pedicle Screw Rod System is commonly used in thoracolumbar and cervical fusion surgeries to provide stability and support to the spine during the fusion process. In these applications, pedicle screws are inserted into the vertebrae and connected with rods to create a rigid construct that promotes proper fusion. The system allows for precise placement of screws and rods, resulting in better fusion outcomes. The fastest growing application segment in terms of revenue for the Pedicle Screw Rod System is thoracolumbar fusion, driven by the increasing prevalence of spinal disorders and the growing demand for minimally invasive surgical procedures.

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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 Pedicle Screw Rod System market is expected to witness significant growth in various regions. North America, particularly the United States and Canada, are anticipated to dominate the market with a high market share percent valuation. Europe, including Germany, France, and the UK, is also expected to hold a substantial market share. In Asia-Pacific, countries like China, Japan, and India are projected to experience rapid growth in the Pedicle Screw Rod System market. Additionally, Latin America (Mexico, Brazil, Argentina, Colombia) and the Middle East & Africa (Turkey, Saudi Arabia, UAE, Korea) are expected to contribute to the market's expansion.

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