Orthopedic Plates and Screws Market Analysis 2018 – 2024: By Market Size, Share, Growth, Top Companies and Development Analysis - Stats and Reports

The report defines the Orthopedic Plates and Screws market as the special implants used in the orthopedic surgeries to set bone fractures.  The types of plates and screws used in the bone fixation are depending upon the type of fracture. These implants attached with the bone and hold the normal alignment of the fragmented bones.

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Growing occurrence of orthopedic surgeries is the key factor that drives the growth of orthopedic plates and screws market. The prevalence of joint diseases such as Osteoarthritis is rising rapidly across the world. These chronic conditions are also known as degenerative joint diseases. According to the WHO, The prevalence of degenerative joint diseases varies between 0.3% and 1% and is more common in women and in developed countries. In these conditions, a joint begins to break down and the underlying bone begins to change that further cause pain, stiffness, and swelling. The orthopedic implants such as plates and the screws are vastly used in the Osteoarthritis surgeries. In addition, the growing geriatric population and the rising rate of road accidence are contributing to the growth of orthopedic plates and screws market.

Market Segmentation by Application

On the basis of application, global orthopedic plates and screws market is segmented as Shoulder Replacement, wrist replacement, elbow replacement, foot and ankle surgeries, and others. The plates and screws used in the surgeries provide precise reduction and rigid fixation of fractured ends. The material of implant is selected according to the types of surgery. That includes the physical and chemical properties and the nature of host tissue.

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Regional Analysis

Among the geographies covered in the scope of the global orthopedic and screws market report, North America holds the maximum market share followed by Europe. Presence of leading manufactures and ongoing advancements in the materials used for the manufacturing of implants are the key factors that drive the growth of this market in North America. In addition, developed healthcare infrastructures and favorable medical policies for orthopedic surgeries are contributing to the growth of this market. In addition, Asia Pacific is the fastest growing region in the orthopedic screws and plates market owing to the growing geriatric populations, the rising occurrence of orthopedic surgeries. 

Competitive Landscape

The report provides profiles of the companies in the global orthopedic plates and screws market such as Zimmer Biomet, DePuy Synthes, Wright Tornier, Smith & Nephew, Stryker, Exactech, Integra and Medtronic. The leading players in the global orthopedic plates and screws market are focusing on the development, innovations and technological up gradation to improve their profit margins.

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