Press release
Surge In Orthopedic Screw Market Driven By Escalating Road Accident Incidences: Transformative Forces Shaping the Orthopedic Screws Market Landscape in 2025
Orthopedic Screws Market
What Will the Orthopedic Screws Industry Market Size Be by 2025?
The market size for orthopedic screws has seen substantial growth lately. The market is projected to expand from $1.26 billion in 2024 to $1.33 billion in 2025, marking a compound annual growth rate (CAGR) of 5.6%. The surge in growth during the past period is linked to factors such as the aging population and orthopedic ailments, the rise in sports-related injuries and trauma instances, heightened awareness and patient demand, and the growing incidence of bone degenerative diseases.
What's the Long-Term Growth Forecast for the Orthopedic Screws Market Size Through 2029?
There is a prediction for significant expansion in the market for orthopedic screws over the upcoming years. It's estimated to increase to a valuation of $1.63 billion by 2029, boasting a compound annual growth rate (CAGR) of 5.2%. The growth during the projected period can be credited to a rise in personalized and patient-specific solutions, a surge in minimally invasive surgeries, a worldwide increment in orthopedic procedures, and further development of sports medicine. Key trends for this forecast period comprise regulatory compliance and standardization, expansion of the global market, collaborations and partnerships, a boost in orthopedic tourism, and the implementation of environmentally sustainable practices.
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What Are the Key Growth Drivers Fueling the Orthopedic Screws Market Expansion?
The growing occurrence of road mishaps is forecasted to fuel the expansion of the orthopedic screw market in the future. A road mishap is defined as an event on a public road that involves at least one vehicle and results in injuries or death to at least one person. Instances prompting orthopedic implant surgeries that utilize screws and plates usually originate from accidents or traumatic events such as road mishaps and sports-related injuries. To illustrate, in 2023, the Transport Accident Commission, a government agency located in Australia, revealed that 295 people tragically died on Victorian roads, indicating a surge of 22.4% (54 additional deaths) compared to 2022. Moreover, 261 fatal crashes were documented, an increase of 22 (9%) opposed to the 239 documented in the prior year. Thus, the escalating frequency of road mishaps is anticipated to stimulate the growth of the orthopedic screw market. Orthopedic Surgeon's Market Driver: Growth Sparked by Surge in Orthopedic Surgeries in the Orthopedic Screws Market
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What Are the Key Trends Driving Orthopedic Screws Market Growth?
Leading businesses in the orthopedic screw sector are committed to the creation of innovative and sustainable products like bioresorbable implants to stay ahead in the competition. These implants aid in quicker recovery and are less intrusive, thus negating the requirement for future surgeries to remove them. For example, in March 2023, Bioretec Inc. which is based out of Finland and specializes in orthopedic implants for children and adults, was given a green light by the U.S. Food and Drug Administration for their product called RemeOs trauma screw. This returns the favor as the first orthopedic screw to feature the bioresorbable metal implant, which was validated through clinical tests and had earlier received a nod from the U.S. Food and Drug Administration by awarding it the breakthrough device designation. The significant aspect of these bioresorbable metals is that they synergize the surgical procedures of conventional metal implants with the comforting care and advantages of the latest bioresorbable polymer implants, thereby making surgeries for implant removals redundant.
How Is the Orthopedic Screws Market Segmented?
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 Companies Are Leading the Charge in Orthopedic Screws Market Innovation?
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.
Which Regions Are Leading the Global Orthopedic Screws Market in Revenue?
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
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