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Orthopedic Plates & Screws Market worth $42.28 billion by 2030, growing at a CAGR of 12.26% - Exclusive Report by 360iResearch
Orthopedic Plates & Screws Market | 360iResearch
The Global Orthopedic Plates & Screws Market to grow from USD 18.81 billion in 2023 to USD 42.28 billion by 2030, at a CAGR of 12.26%.
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Orthopedic plates and screws are used in orthopedic surgeries to stabilize and support bones that have been fractured or broken and to correct deformities or defects in bone structure. The orthopedic plates and screws are generally made of metal, such as titanium or stainless steel, in various shapes and sizes to fit different bones and surgical procedures. During surgery, the orthopedic plate is attached to the bone using screws to secure it to the bone, holding it in place until it is healed and can support itself. The increasing number of surgical procedures such as fracture repair, joint reconstruction, and spinal fusion is raising the need for orthopedic plates and screws to stabilize the bone and promote healing, reducing pain and improving mobility. However, risks associated with their use, such as infection, nerve damage, and implant failure, hamper the usage of orthopedic plates and screws. Introducing biodegradable bone plates and screws is expected to provide opportunities for the growth of the orthopedic plates and screws market.
The Americas orthopedic screws & plates market is highly developing owing to the technological advancement in medical implants, rising incidence of chronic diseases such as arthritis in the country, well-established insurance policies, and the availability of advanced healthcare infrastructure. In 2021, as per the U.S. Bureau of Statistics, the total number of orthopedic surgeons in the United States was 16260. The ongoing innovation to introduce bio-based orthopedic plates & screws is expected to benefit the market growth in the Americas. Moreover, the rising consumer expenditures in medical tourism toward European economies, including Turkey, Spain, the United Kingdom, and Israel, have propelled the usage of orthopedic plates & screws. The Asian economies are more focused on regional medical equipment manufacturing with supportive government initiatives to introduce cost-efficient orthopedic plates & screws in the Asia-Pacific region.
Market Segmentation & Coverage:
This research report categorizes the Orthopedic Plates & Screws Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Plates and Screws. The Plates is further studied across Based on Function and Based on Structure. The Based on Function is further studied across Bridging plates, Buttress Plates, Neutralization Plates, Reconstruction plates, Tension Plates, and Tubular plates. The Based on Structure is further studied across Dynamic Compression Plate, Limited Contact Dynamic Compression plate, and Locking Compression Plate. The Screws is further studied across Cancellous Screws, Cannulated Screws, and Cortical Screws. The Plates commanded largest market share of 52.55% in 2023, followed by Screws.
Based on Material, market is studied across Bio-absorbable, Polymers, Stainless Steel, and Titanium. The Titanium commanded largest market share of 36.19% in 2023, followed by Stainless Steel.
Based on Application, market is studied across Corrective Surgeries, Elbow Replacement, Foot & Ankle Surgeries, Joint Reconstruction, Shoulder Replacement, Spinal Fusion, and Wrist Replacement. The Joint Reconstruction commanded largest market share of 20.80% in 2023, followed by Spinal Fusion.
Based on End-User, market is studied across Ambulatory Surgery Centers and Hospitals. The Hospitals commanded largest market share of 97.13% in 2023, followed by Ambulatory Surgery Centers.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.75% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Orthopedic Plates & Screws Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Orthopedic Plates & Screws Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Orthopedic Plates & Screws Market, highlighting leading vendors and their innovative profiles. These include Acumed LLC, Advanced Orthopaedic Solutions, Anika Therapeutics Inc., Arthrex, Inc., Austeofix Surgical Pvt. Ltd., B. Braun SE, Conventus Orthopedics, Inc. by Conventus Orthopaedics, Inc., DJO, LLC by Enovis, Exactech, Inc., Extremity Medical, LLC, Genius Ortho Pvt. Ltd., Globus Medical, Image Ortho Surgical, Integra LifeSciences Corporation, Jayon Implants Pvt. Ltd., Jiangsu Jinlu Group Medical Apparatus Co., Ltd., Johnson & Johnson Services, Inc., Kaushik Orthopaedic Pvt. Ltd., Kazon India Pvt. Ltd., Lepu Medical Technology (Beijing) Co., Ltd., Matrix Meditec Private Limited, Medacta International, Medtronic PLC, NRV OrthoTech Pvt. Ltd., Orthofix International by SeaSpine Holdings Corporation, Paragon 28, Inc., Shagun Cares Inc., Siora Surgicals Pvt. Ltd., Smith & Nephew Pty Ltd., SMPL Smit Medimed Pvt. Ltd., Stryker Corporation, TechnoShine Vie Pvt. Ltd., Vishal Surgitech Pvt. Ltd., and Zimmer Biomet Holdings, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Orthopedic Plates & Screws Market, by Type
7. Orthopedic Plates & Screws Market, by Material
8. Orthopedic Plates & Screws Market, by Application
9. Orthopedic Plates & Screws Market, by End-User
10. Americas Orthopedic Plates & Screws Market
11. Asia-Pacific Orthopedic Plates & Screws Market
12. Europe, Middle East & Africa Orthopedic Plates & Screws Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Orthopedic Plates & Screws Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Orthopedic Plates & Screws Market?
3. What is the competitive strategic window for opportunities in the Orthopedic Plates & Screws Market?
4. What are the technology trends and regulatory frameworks in the Orthopedic Plates & Screws Market?
5. What is the market share of the leading vendors in the Orthopedic Plates & Screws Market?
6. What modes and strategic moves are considered suitable for entering the Orthopedic Plates & Screws Market?
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