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Bio-absorbable Bone Screw Market - Size, Share, Outlook, and Analysis, 2018 - 2026
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Global Bio-absorbable Bone Screw Market Drivers:-
New product launches by key players are expected to drive global bio-absorbable bone screw market growth. For instance, in April 2013, Smith & Nephew Plc., a company which develops, designs and sells medical devices worldwide, launched Biosure HA screws. Biosure HA screws are made up of poly-L-lactic acid with hydroxyapatite (a calcium phosphate similar to mineral compound of human bone). Launch of new products provides a wide range of bio-absorbable products for the orthopedic patients to choose, which is expected to contribute to the global bio-absorbable market growth.
Collaboration among market players to distribute their products on a wide scale is expected to fuel global bio-absorbable bone screw market growth. For instance, in 2017, Ortho Pediatrics Corp, a company advancing in field of pediatric orthopedics, collaborated with Biorectec Ltd. to widen distribution channel of Biorectec’s bio-absorbable products. Ortho Pediatrics Corp will market and sell Biorectec’s bio-absorbable products such as screws and other fixation implants under Ortho Pediatrics Corp’s brand TorqLoc. These products are safe for children and would eradiate the fear of further surgeries. Such collaboration is expected all age groups to switch to bio-absorbable implants and screws to minimize risks in future.
Global Bio-absorbable Bone Screw Market Regional Analysis:-
North America is expected to dominate global bio-absorbable bone screw market due to increasing number of orthopedic patients in the region. According to a study conducted by American Academy of Orthopedic Surgery, in 2016, more than 8 million people in U.S. are orthopedic patients. Such increasing number of orthopedic patients are expected to fuel global bio-absorbable bone screw market growth over the forecast period.
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Europe bio-absorbable bone screw market is expected to witness significant growth due to launch of new orthopedic products in the market. For instance, in 2017, Smith & Nephew Plc., a company which develops, designs and sells medical devices worldwide, launched Biosure Regenesorb. Biosure Regenesorb is made out of a bio-composite material, which has an open architecture design to allow bone growth. It is used for graft fixation and can be assessed in small areas, which help in graft to bone integration. Graft to bone integration plays an important role in healing process and remodeling. Thus launch of new products which help in faster healing process is expected to fuel growth of global bio-absorbable bone screw market.
Asia Pacific bio-absorbable bone screw market is expected to witness growth during the forecast period, owing to approval of novel products by regulatory bodies in the region. For instance, in April 2018, Advanced Biomedical Technologies Inc., a manufacturer and developer of orthopedic internal fixation devices announced China FDA approval for new polymer orthopedic internal fixation devices, which include bio-absorbable screws.
Global Bio-absorbable Bone Screw Market Key Players:-
Key players operating in global bio-absorbable bone screw market include Smith &Nephew Plc., Zimmer Biomet, DePuy Synthes Companies, Stryker Corporation, Bioretec Ltd., and Tornier Inc.
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Global Bio-absorbable Bone Screw Market Taxonomy:-
By Product Type:- Fully Threaded Screws, Partially Threaded Screws, By Applications:- Upper Extremities, Lower Extremities, By End users:- Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others,. By Region:- North America, Europe, Latin America, Asia Pacific, Middle East, Africa,.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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