Bio-absorbable Bone Screw Market Report Analysis, Future Demand and Growth by 2031 | DePuy Synthes Companies, Stryker Corporation, Bioretec Ltd.

Market Overview:

Bio-absorbable bone screws are made of materials such as self-reinforced polylactide and polyglycolide that get absorbed into the body over time as the bone heals. They are used in orthopedic surgeries and trauma fixation procedures.

Market Dynamics:

The growth of the bio-absorbable bone screw market is driven by technological advancements in orthopedic surgical procedures and increasing demand for minimally invasive surgeries. Bio-absorbable screws eliminate the need for follow-up surgeries to remove hardware post-healing and help reduce procedure times as they do not require hardware removal. Additionally, growing geriatric population prone to orthopedic disorders is also fueling the demand for bio-absorbable screws. The increasing obese population suffering from musculoskeletal conditions and sports-related injuries is further contributing to market growth.

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Major Growth in Orthopedic Implants and Trauma Fixation Devices

With the rising incidences of bone fractures, injuries, and accidents, the demand for orthopedic implants and trauma fixation devices is significantly increasing. Bone screws are widely used for fracture fixation and bone reconstruction procedures. According to estimates, over 25 million bone fracture cases are reported annually worldwide. Additionally, the geriatric population prone to bone diseases like osteoporosis is steadily growing. This creates a huge patient pool requiring bone screw implantation. Hence, the growing volume of orthopedic surgical procedures drives the demand for bio-absorbable bone screws in trauma fixation and osteoporotic fracture treatment.

Rising Preference for Minimal Invasive Surgeries

There is a rise in preference for minimally invasive surgeries among both patients and surgeons owing to benefits like less pain, fewer complications, quicker recovery times, and smaller incisions resulting in reduced scarring. Bio-absorbable bone screws are well-suited for minimal invasive techniques as they do not require subsequent removal surgeries. They get absorbed in the body over time as bone healing occurs. This increases their acceptance among surgeons conducting arthroscopic procedures for small fractures and osteotomies. The popularity of arthroscopic techniques boosts the bio-absorbable bone screw market.

High Development Costs and Pricing Pressures

The development of novel bio-absorbable materials and customized design of screws involve substantial research investments and clinical testing expenditures. Due to patented technologies, bio-absorbable bone screws also have higher price tags compared to conventional metal screw variants. Additionally, pricing pressures from medical reimbursement entities have intensified in recent years. Healthcare providers and institutions focus on cost-cutting to offset rising healthcare budgets. This acts as a deterrent for wider uptake of high-cost bio-absorbable bone screws in standard orthopedic cases. The pricing challenge needs to be addressed to realize full market potential.

Top Companies Covered In This Report:

◘ Smith &Nephew Plc.
◘ Zimmer Biomet
◘ DePuy Synthes Companies
◘ Stryker Corporation
◘ Bioretec Ltd.
◘ Tornier Inc.

Market Segmentation:

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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Patent Expiry of Blockbuster Bio-absorbable Screw

The patented composition of one of the top-selling bio-absorbable screws will go off-patent by 2022, paving way for market entry of generic versions. This presents a huge opportunity for mid-sized medical device manufacturers to produce low-cost bio-absorbable screw variants. Global leaders in metal bone fixation devices are also likely to introduce their own bio-absorbable screw lines at competitive prices upon patent expiration of the pioneer product. The patent cliff of a blockbuster brand is expected to disrupt pricing and intensify competition, benefiting consumers while growing the overall market size.

Shift towards Personalized Bone Screws

New advances are being made in using patient-specific data from diagnostic imaging to 3D print customized bone screws and plates matched to individual bone morphology and fixation requirements. This trend towards personalized implants is gaining recognition. 3D printing assists in pre-operative simulation and manufacturing bio-absorbable screws preciselyengineered for each patient's unique bone anatomy. It optimizes implant fit and stability while reducing operating times. Major players have either introduced or are actively engaged in developing personalized bio-absorbable screws and scaling up 3D printing capacities. This emerging technology is poised to transform the bone screw market.

Reason to Buy this Report:

■ Study of the impact of technological developments on the market and the emerging trends shaping the industry in the coming years.
■ Analysis of the regulatory and policy changes affecting the market and the effects of these changes for market participants.
■ Summary of the competitive landscape in the Bio-absorbable Bone Screw market, including profiles of the key players, their market share, and strategies for growth.
■Identification of the major challenges facing the market, such as supply chain disruptions, environmental concerns, and changing consumer preferences, and analysis of how these challenges will affect market growth.
■Assessment of the potential of new products and applications in the market, and analysis of the investment opportunities for market participants.

Questions Answered by the Report:

(1) Which are the dominant players of the Bio-absorbable Bone Screw Market?
(2) What will be the size of the Bio-absorbable Bone Screw Market in the coming years?
(3) Which segment will lead the Bio-absorbable Bone Screw Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Bio-absorbable Bone Screw Market?
(6) What are the go-to strategies adopted in the Bio-absorbable Bone Screw Market?

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Table of Contents

Chapter 1 Market Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2023 to 2030

Chapter 2 Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Worldwide Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Bio-absorbable Bone Screw Sales, Consumption, Export, Import by Regions (2023-2023)
Chapter 5 North America Market Analysis
Chapter 6 Europe Market Analysis
Chapter 7 Middle East and Africa Market Analysis
Chapter 8 Asia Pacific Market Analysis
Chapter 9 Latin America Market Analysis
Chapter 10 Company Profiles and Key Figures in Bio-absorbable Bone Screw Business
Chapter 11 Market Forecast (2023-2030)
Chapter 12 Conclusions

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