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Bio-absorbable Bone Screw Market Growth Analysis By Technology and Top Key Vendors of Global Market | Zimmer Biomet, DePuy Synthes Companies, Stryker Corporation and Others
Bio-absorbable Bone Screw Market
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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.
Increasing number of orthopedic patients is expected to boost global bio-absorbable bone screw market growth. According to a study conducted by Indian Orthopedic research group, in 2015, more than 60 million people are orthopedic patients in India, most of them are geriatric population. Increasing number of geriatric population is also expected to fuel global bio-absorbable bone screw market growth. According to survey conducted by Survey of Statistics and Programme Implementation in 2016, more 30 million male and more than 42 million female are part of geriatric population.
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.
However, high cost of bio-absorbable implants and screws, which are not affordable to population of low and middle income economies and slow regeneration rate of new ligament are restraining growth of the global bio-absorbable bone screw market.
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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