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Orthopedic Screws Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Orthopedic Screws Market
The orthopedic screw market's upward trajectory is predicted to be propelled by the escalating number of road accidents. When there is an occurrence of at least one vehicle being in an incident resulting in harm or fatality on a public road, it is known as a road accident. Accidents or traumatic events, including road mishaps and sports-related traumas, are the primary reasons for orthopedic implant surgery involving screws and plates. In 2023, the Transport Accident Commission, a government agency in Australia, reported a total of 295 fatalities on Victorian roads, marking a 22.4% increase or 54 more fatalities than 2022. Furthermore, there was a rise of 22 (9%) in fatal accidents, totaling 261 from the 239 recorded the previous year. As such, the orthopedic screw market's growth is expected to be driven by the increasing rate of road accidents. The orthopedic screws market is also anticipated to be driven by the growth in the number of orthopedic surgeries. Orthopedic surgeries, which are a specialized branch of surgical medicine aimed at diagnosing, treating, and preventing disorders and injuries of the musculoskeletal system, rely heavily on orthopedic screws. These screws are pivotal in orthopedic surgeries, helping to secure and stabilize bone fragments, implants or various other orthopedic devices involved in different procedures. For example, in March 2022, according to the British Orthopaedic Association, a UK-based association, England recorded over 42,000 orthopedic surgeries - the highest total since June 2021. Therefore, the escalating number of orthopedic surgeries is also contributing significantly to the growth of the orthopedic screws market.
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What growth opportunities are expected to drive the orthopedic screws market's CAGR through 2034?
The market size for orthopedic screws has seen a robust growth in recent years. The market is projected to increase from $1.26 billion in 2024 to $1.33 billion in 2025, maintaining a compound annual growth rate (CAGR) of 5.6%. The historic growth has been driven by factors such as an aging population and increasing orthopedic issues, rising instances of sports injuries and trauma cases, enhanced awareness and patient demand, as well as the widespread occurrence of degenerative bone diseases.
Anticipated to experience substantial expansion in the coming years, the market size of orthopedic screws is projected to reach $1.63 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.2%. This growth during the forecasted period can be ascribed to factors such as the rise in bespoke and patient-specific solutions, an increase in minimally invasive surgeries, and a global surge in orthopedic procedures alongside sports medicine expansion. The forecast period is set to witness trends such as regulatory compliance and standardization, global market growth, collaborations, and partnerships, along with a rise in orthopedic tourism and practices that promote environmental sustainability.
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What are the emerging trends shaping the future of the orthopedic screws market?
Leading companies in the orthopedic screw market are focusing on creating sustainable, innovative items like bioresorbable implants, to establish a competitive edge. These innovative implants accelerate healing and lessen the severity of medical procedures, making surgeries for implant removal redundant. In March 2023, for example, Bioretec Inc., a company based in Finland that manufactures orthopedic implants for children and adults, was granted approval by the U.S. Food and Drug Administration for the RemeOs trauma screw. This notable device is the first orthopedic screw incorporating a bioresorbable metal implant, validated through clinical trials and has already received acknowledgment from the U.S. Food and Drug Administration, who rewarded it with a breakthrough device status. These bioresorbable metals merge traditional metal implant surgical techniques with the patient-centered treatment and benefits of modern bioresorbable polymer implants, making implant removal operations unnecessary.
Which growth-oriented segments of the orthopedic screws market are leading the industry's development?
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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What regions are leading the charge in 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 companies are at the forefront of innovation in 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.
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What Is Covered In The Orthopedic Screws Global Market Report?
•Market Size Forecast: Examine the orthopedic screws market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the orthopedic screws market for a structured understanding.
•Key Players Overview: Analyze major players in the orthopedic screws market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the orthopedic screws market.
•Segment Contributions: Evaluate how different segments drive overall growth in the orthopedic screws market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the orthopedic screws market.
•Industry Challenges: Identify potential risks and obstacles affecting the orthopedic screws market.
•Competitive Landscape: Review strategic developments in the orthopedic screws market, including expansions, agreements, and new product launches.
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