Europe Pedicle Screws Market
The pedicle screw system plays an important role in increasing strength and providing support to damage the spinal cord. The escalating number of medical professionals specializing in spinal surgeries is expected to drive the market growth of pedicle screws. For instance, according to the data published in Health Trust-The Source Magazine in 2022, approximately 1.2 million surgeries are performed with an average cost of US$ 80,000 for lumbar spinal fusion surgery.
Furthermore, the pedicle screw system has significantly developed with the rising number of spinal surgeries. Incorporating a navigation system while placing the pedicle screw system is a major development in the pedicle screw system market space. Moreover, robotics is used for pedicle screw placement to augment accuracy and minimize surgical invasiveness. Although robotics in elderly patients has not been studied at a higher scale, this population may benefit significantly from using robotics as a minimally invasive technique to decrease operative time, minimize blood loss, and reduce postoperative pain, ultimately decreasing complications in the near future.
Additionally, the rising adoption of pedicle screw systems in treating degenerative spinal disorders is another driving factor for the market growth. A steep rise in sports-related and spinal cord injury (SCI) injuries and accidental fractures results in surgical procedures, which further results in the usage of pedicle screws. Thus, the rising prevalence of spinal cord injury is projected to boost the demand for the pedicle screw market, thereby propelling the overall market growth.
The growth of the pedicle screw market in Europe is attributed to the presence of major companies such as Medtronic plc. and increasing aging populations exposed to various spine disorders. Spine-related disabilities and trauma are common in the elderly population mainly because of naturally occurring, age-related degenerative changes in an aging body. Osteoporotic vertebral body fractures have a high impact on the aging population in European countries due to the rising prevalence of symptomatic vertebral fractures caused by a change in vertebral shape. Government authorities in countries in the European Union (EU) are involved in improving the health outcomes of Europeans. For instance, in the past 30 years, the introduction of Advanced Trauma Life Support, the National Institute for Health and Care Excellence (NICE), and protocol-driven therapy have synergistically led to improved health outcomes and reduced mortality in the UK. Similarly, the presence of regulatory authority in Europe to improve overall spine care in Europe is another factor boosting the growth of the pedicle screw market in Europe.
The Europe pedicle screws market is segmented based on product type, application, end user, surgery type, and country.
Based on product type, the Europe pedicle screws market is segmented into polyaxial pedicle screw systems, monoaxial pedicle screw systems, and other pedicle screw systems. The polyaxial pedicle screw systems segment held the largest market share in 2022.
Based on application, the Europe pedicle screws market is segmented into thoracolumbar fracture, spinal tumor, scoliosis, failed fusion, and spondylitis. The thoracolumbar fracture segment held the largest market share in 2022.
Based on surgery type, the Europe pedicle screws market is bifurcated into open surgery and minimally invasive surgery. The open surgery segment held a larger market share in 2022.
Based on end user, the Europe pedicle screws market is segmented into hospitals, ambulatory surgical centers, and other end users. The hospitals segment held the largest market share in 2022.
Based on country, the Europe pedicle screws market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Germany dominated the Europe pedicle screws market share in 2022.
Zimmer Biomet; Globus Medical Inc.; B. Braun SE; Stryker Corp; Medtronic PLC; Surgalign Holdings, Inc.; NuVasive Inc; and Orthofix Medical Inc. are some of the leading players operating in the Europe pedicle screws market.
Strategic insights for the Europe Pedicle Screws provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 249.81 Million |
| Market Size by 2030 | US$ 383.33 Million |
| Global CAGR (2022 - 2030) | 5.5% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Pedicle Screws refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe Pedicle Screws Market is valued at US$ 249.81 Million in 2022, it is projected to reach US$ 383.33 Million by 2030.
As per our report Europe Pedicle Screws Market, the market size is valued at US$ 249.81 Million in 2022, projecting it to reach US$ 383.33 Million by 2030. This translates to a CAGR of approximately 5.5% during the forecast period.
The Europe Pedicle Screws Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Pedicle Screws Market report:
The Europe Pedicle Screws Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Pedicle Screws Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Pedicle Screws Market value chain can benefit from the information contained in a comprehensive market report.
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