Press release
Orthopedic Screws Market Size Projected To Reach $1.63 Billion By 2034 With A Cagr Of 5.2%
Orthopedic Screws
What Is the Projected Growth of the Orthopedic Screws Market?
Over the past few years, there has been substantial growth in the size of the orthopedic screws market. The market size is projected to increase from $1.26 billion in 2024 to $1.33 billion in 2025, representing a compound annual growth rate (CAGR) of 5.6%. The historical growth of this sector can be linked to factors such as the rising elderly demographic and orthopedic ailments, an uptick in sports-related injuries and trauma cases, growing patient awareness and demand, and a rising occurrence of degenerative bone diseases.
The market size for orthopedic screws is predicted to witness robust growth in the forthcoming years, reaching a value of $1.63 billion by 2029, with a compound annual growth rate (CAGR) of 5.2%. The expected growth within the outlook period can be credited to elements like tailored and patient-specific solutions, a surge in the number of minimally invasive surgeries, a worldwide increase in orthopedic protocols, and the growth of sports medicine. Key trends within the forecasted timeline include regulatory compliance and standardization, expansion of the global market, strategic collaborations and partnerships, a rise in orthopedic tourism, and eco-friendly operations.
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What Are the Different Orthopedic Screws Market Segments?
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 Are the Primary Drivers Shaping the Orthopedic Screws Market?
The orthopedic screw market is poised to grow due to an increase in road accidents. Road accidents are events that occur on public roads, involving a minimum of one vehicle, leading to either injury or death of at least one person. Orthopedic implant surgeries, mainly involving screws and plates, are typically necessitated by accidents or traumatic events like road mishaps and sports-related injuries. For example, in the year 2023, as per the Transport Accident Commission, a governmental body based in Australia, around 295 individuals died on Victorian roads. This accounted for a rise of 22.4% (54 more deaths) as compared to the year 2022. Also, there were 261 lethal crashes, which was an increase by 22 (a 9% increase) from the total count of 239 recorded the year before. Therefore, the surge in road accident occurrences is expected to boost the orthopedic screw market. Orthopedic Screws Market Driver: Surge in Orthopedic Surgeries Propelling Growth of the Orthopedic Screws Market
Which Companies Are Leading 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.
What Are the Major Trends Shaping the Orthopedic Screws Market?
Leading firms in the orthopedic screw market are prioritizing the creation of revolutionary and eco-friendly products like bioresorbable implants, to maintain their competitive edge. These bioresorbable implants improve healing processes and minimize the severity of surgeries by eradicating the requirement for operations to remove the implant. For example, Bioretec Inc., a company based in Finland that specializes in adult and pediatric orthopedic implants, procured approval from the U.S. Food and Drug Administration in March 2023, for its RemeOs trauma screw. This screw, the first of its kind involving a bioresorbable metal implant, has been clinically tested and was previously recognized by the FDA, earning the title of a breakthrough device. These innovative bioresorbable metals fuse the surgical methods of conventional metal implants with the patient comfort and advantages of newer bioresorbable polymer implants, thereby eliminating the need for surgeries to remove the implant.
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What Are the Top Revenue-Generating Geographies 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Orthopedic Screws Market?
2. What is the CAGR expected in the Orthopedic Screws Market?
3. What Are the Key Innovations Transforming the Orthopedic Screws Industry?
4. Which Region Is Leading the Orthopedic Screws Market?
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