What is Global Monoaxial Pedicle Screw Market?
The Global Monoaxial Pedicle Screw Market is a specialized sector within the medical device industry. These screws are used in spinal surgeries to provide stability and support to the spine. They are designed to allow for controlled movement in one direction, hence the term 'monoaxial'. The screws are typically made from medical-grade stainless steel or titanium and are inserted into the pedicles of the vertebrae. The pedicle is a small, narrow part of the vertebra that projects from the back of the vertebral body. The screws are used in conjunction with rods and plates to create a stable construct that can support the spine while it heals. The market for these screws is driven by the increasing prevalence of spinal disorders, advancements in surgical techniques, and the growing elderly population. However, the high cost of these devices and the risk of complications associated with their use may hinder market growth.
Conical Pedicle Screw, Cylindrical Pedicle Screw, Others in the Global Monoaxial Pedicle Screw Market:
The Global Monoaxial Pedicle Screw Market is segmented based on the type of screw, including Conical Pedicle Screw, Cylindrical Pedicle Screw, and others. Conical Pedicle Screws have a cone-shaped tip, which allows for better penetration into the bone and reduces the risk of screw pull-out. Cylindrical Pedicle Screws, on the other hand, have a cylindrical shape that provides a larger surface area for bone contact, which can improve stability. Other types of screws include those with different thread designs or materials. Each type of screw has its own advantages and disadvantages, and the choice of screw depends on the specific requirements of the surgery and the patient's anatomy.
Clinic, Hospital, Research Institute in the Global Monoaxial Pedicle Screw Market:
The Global Monoaxial Pedicle Screw Market finds its application in various areas such as clinics, hospitals, and research institutes. In clinics and hospitals, these screws are used in spinal surgeries to treat conditions such as degenerative disc disease, spinal stenosis, spondylolisthesis, and fractures. The screws provide stability to the spine and help in the healing process. In research institutes, these screws are used in biomechanical studies to understand the mechanics of the spine and to develop new surgical techniques and devices. The demand for these screws in these areas is expected to increase with the growing prevalence of spinal disorders and the advancements in surgical techniques.
Global Monoaxial Pedicle Screw Market Outlook:
Looking at the market outlook for the Global Monoaxial Pedicle Screw Market, it was valued at US$ 90 million in 2022. The market is expected to grow at a steady pace, with an anticipated value of US$ 114.5 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing prevalence of spinal disorders, advancements in surgical techniques, and the growing elderly population. However, the high cost of these devices and the risk of complications associated with their use may hinder market growth.
| Report Metric | Details |
| Report Name | Monoaxial Pedicle Screw Market |
| Accounted market size in 2022 | US$ 90 million |
| Forecasted market size in 2029 | US$ 114.5 million |
| CAGR | 3.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Alphatec Spine, Changzhou Zener Medtec, H.P.I. Medical, HankilTech Medical, IMECO, Osimplant, Peter Brehm, Precision Spine, SurgTech, Zimed Medical, Zhejiang Jiayou Medical Device |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
