Press release
Global Orthopedic Screws Market to Reach $1.63 Billion by 2029, Growing at 5.2% CAGR
Orthopedic Screws Market
The orthopedic screws market has seen strong growth in recent years. It is projected to grow from $1.26 billion in 2024 to $1.33 billion in 2025, at a compound annual growth rate (CAGR) of 5.6%. The growth is driven by an aging population, increasing orthopedic conditions, sports injuries, trauma cases, greater patient awareness, and the rising prevalence of degenerative bone diseases.
The orthopedic screws market is projected to experience significant growth in the coming years, reaching $1.63 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.2%. This growth is attributed to the demand for customized and patient-specific solutions, the increase in minimally invasive surgeries, a global rise in orthopedic procedures, and the expansion of sports medicine. Key trends include regulatory compliance, global market expansion, partnerships, orthopedic tourism, and environmentally sustainable practices.
What Factors Are Fueling Growth in the Orthopedic Screws Market?
The increasing frequency of road accidents is projected to drive the expansion of the orthopedic screw market. Road accidents refer to incidents involving at least one vehicle on a public roadway, often leading to injuries or fatalities. Orthopedic screws and plates play a crucial role in surgical procedures for accident-related fractures and traumatic injuries, including those caused by road collisions and sports accidents. For example, in 2023, the Transport Accident Commission, an Australian government agency, reported that 295 people lost their lives on Victorian roads, marking a 22.4% increase (54 additional fatalities) compared to 2022. Additionally, there were 261 fatal crashes, reflecting a 9% rise from the 239 incidents recorded the previous year. Therefore, the growing occurrence of road accidents is driving the expansion of the orthopedic screw market.
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Which Leading Companies Are Shaping the Growth of the Orthopedic Screws Market?
Major companies operating in the orthopedic screws market report are Johnson and Johnson, Medtronic PLC, Stryker Corporation, Solvay S.A., Zimmer Biomet Holdings Inc., Smith & Nephew PLC, Arthrex Inc., Teleflex Incorporated, Integra LifeSciences Corporation, Wright Medical Group N.V., Tecomet Inc., Exactech Inc., Leistritz Advanced Technologies, Paragon 28 Inc., Acumed LLC, DJO Global, Elos Medtech, Precipart Inc., Royal Oak Medical Devices Inc., AccuRounds Inc., TYBER MEDICAL LLC, GPC Medical Ltd., Unity Precision Manufacturing, Hammill Medical Inc., Advanced Orthopaedic Solutions, Extremity Medical LLC, High Tech Turning Co, The Orthopaedic Implant Company, Diamond Orthopedic, Vilex Inc.
What Are the Major Trends Shaping the Orthopedic Screws Market?
Leading companies in the orthopedic screw market are focusing on developing sustainable and cutting-edge products, such as bioresorbable implants, to strengthen their market position. Bioresorbable implants improve recovery times and minimize procedural invasiveness by eliminating the need for implant removal surgeries. For instance, in March 2023, Bioretec Inc., a Finland-based orthopedic implant manufacturer, secured U.S. Food and Drug Administration (FDA) approval for the RemeOs trauma screw, marking the first orthopedic screw featuring a bioresorbable metal implant validated through clinical trials. Previously recognized by the FDA with a breakthrough device designation, these bioresorbable metal implants integrate traditional metal implant techniques with the patient-friendly benefits of bioresorbable polymer implants, removing the necessity for implant removal surgeries.
What Are the Key Segments of the Orthopedic Screws Market?
The orthopedic screws market covered in this report is segmented -
1) By Type: Upper Extremity, Lower Extremity
2) By Material: Stainless Steel, Titanium, Bioabsorbable
3) By Application: Hospitals, Ambulatory Surgical Centers (ASCs), Other Applications
4) By End User: Pediatrics, Adults, Geriatrics
Subsegments:
1) By Upper Extremity: Humeral Screws, Clavicle Screws, Scapula Screws
2) By Lower Extremity: Femoral Screws, Tibial Screws, Ankle Screws
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Which Region Dominates the Orthopedic Screws Market?
North America was the largest region in the orthopedic screws market in 2024. The regions covered in the orthopedic screws market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Orthopedic Screws Global Market Report?
- Market Size Analysis: Analyze the Orthopedic Screws Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Orthopedic Screws Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Orthopedic Screws Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Orthopedic Screws Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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