Overview and Scope
Orthopedic screws are titanium or stainless-steel screws employed in surgical procedures to repair broken bones. They are utilized to create compression within the bone, aiding in the healing of the injury.
Sizing and Forecast
The orthopedic screws market size has grown strongly in recent years. It will grow from $1.19 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to aging population and orthopedic conditions, sports injuries and trauma cases, increasing awareness and patient demand, prevalence of degenerative bone diseases..
The orthopedic screws market size is expected to see strong growth in the next few years. It will grow to $1.54 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to customization and patient-specific solutions, rise in minimally invasive surgeries, global increase in orthopedic procedures, expansion of sports medicine.. Major trends in the forecast period include regulatory compliance and standardization, global market expansion, collaborations and partnerships, orthopedic tourism, environmentally sustainable practices..
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Segmentation & Regional Insights
The orthopedic screws market covered in this report is segmented –
1) By Type: Upper Extremity, Lower Extremity
2) By Material: Stainless Steel, Titanium, Bioabsorbable
3) By Application: Hospitals, Ambulatory Surgical Centers (ASCs), Other Applications
4) By End User: Pediatrics, Adults, Geriatrics
North America was the largest region in the orthopedic screws market in 2023. The regions covered in the orthopedic screws market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising incidence of road accidents is expected to propel the growth of the orthopedic screw market going forward. A road accident refers to an incident on a public roadway involving at least one vehicle, resulting in injury or fatality to at least one individual. The primary indications for orthopedic implant surgeries encompassing screws and plates are accidents or traumatic incidents, such as road accidents and sports-related injuries. For instance, in May 2023, according to the fatality fact sheet published by the Insurance Institute for Highway Safety, a US-based, non-profit educational organization associated with road safety awareness, the number of road accident crashes increased to 39,508 in 2021, engaging 61,332 motor vehicles, compared with 35,935 road accident crashes engaging 54,552 motor vehicles in 2020. Therefore, the rising incidences of road accidents will drive the growth of the orthopedic screw market.
Key Industry Players
Major companies operating in the orthopedic screws market report are Johnson and Johnson, Medtronic plc, Stryker Corporation, Solvay S.A., Zimmer Biomet Holdings Inc, Smith & Nephew plc, Arthrex Inc, Teleflex Incorporated, Integra LifeSciences Corporation, Wright Medical Group N.V., Tecomet Inc, Exactech Inc., Leistritz Advanced Technologies, Paragon 28 Inc, Acumed LLC, DJO Global, Elos Medtech, Precipart Inc, Royal Oak Medical Devices Inc, AccuRounds Inc, TYBER MEDICAL LLC, GPC Medical Ltd, Unity Precision Manufacturing, Hammill Medical Inc, Advanced Orthopaedic Solutions, Extremity Medical LLC, High Tech Turning Co, The Orthopaedic Implant Company, Diamond Orthopedic, Vilex Inc.
The orthopedic screws market report table of contents includes:
1. Executive Summary
2. Orthopedic Screws Market Characteristics
3. Orthopedic Screws Market Trends And Strategies
4. Orthopedic Screws Market – Macro Economic Scenario
5. Global Orthopedic Screws Market Size and Growth
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32. Global Orthopedic Screws Market Competitive Benchmarking
33. Global Orthopedic Screws Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Orthopedic Screws Market
35. Orthopedic Screws Market Future Outlook and Potential Analysis
36. Appendix
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