Press release
Transformative Trends Impacting the Orthopedic Screws Market Landscape: Orthopedic Screw Market Embracing Bioresorbable Implants For Enhanced Recovery And Reduced Invasiveness
Orthopedic Screws
How Large Will the Orthopedic Screws Market Size By 2025?
In preceding years there has been a consistent expansion in the market size of orthopedic screws. The market value is projected to increase from $1.26 billion in 2024 to $1.32 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 4.8%. The growth witnessed in the historical period can be credited to factors such as the aging populace and orthopedic disorders, an upsurge in sports-related injuries and trauma incidents, augmented patient awareness and demand, and the widespread occurrence of degenerative bone diseases.
How Big Is the Orthopedic Screws Market Size Expected to Grow by 2029?
In the coming years, the orthopedic screws market is set to experience robust growth, expanding to a size of $1.64 billion by 2029 with a CAGR of 5.6%. The projected growth during the forecast period can be credited to factors such as personalized and patient-tailored solutions, an increase in minimally invasive surgeries, a worldwide rise in orthopedic procedures, and the proliferation of sports medicine. Significant trends anticipated during the forecast period encompass regulatory adherence and standardization, global market growth, joint ventures and partnerships, orthopedic tourism, and eco-friendly practices.
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Which Key Market Drivers Powering Orthopedic Screws Market Expansion and Growth?
The escalating occurrence of traffic mishaps is predicted to energize the development of the orthopedic screw market. Road accidents, by definition, are events on public highways involving at least one vehicle and resulting in injury or fatality to at least one person. Orthopedic implant surgeries, primarily involving screws and plates, are mainly recommended for accidents or traumatic incidents, including traffic accidents and injuries related to sports. According to the Transport Accident Commission, a government agency based in Australia, a total of 295 individuals tragically lost their lives on Victorian roads during 2023 - a 22.4% rise (or 54 additional fatalities) compared to 2022. Furthermore, fatal crashes increased by 22 (or 9%) from 239 recorded in the previous year to 261. Consequently, the spike in road accidents is expected to fuel the expansion of the orthopedic screw market.
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What Long-Term Trends Will Define the Future of the Orthopedic Screws Market?
Key players in the orthopedic screw market are prioritizing sustainable and innovative product development, like bioresorbable implants, as a means to secure a competitive edge. Bioresorbable implants pave the way for faster patient recovery and less invasive procedures, thereby obviating the requirement for surgeries to remove the implant. For example, Bioretec Inc., a Finland-based manufacturer of orthopedic implants for adults and children, earned approval from the U.S. Food and Drug Administration in March 2023 for their RemeOs trauma screw. This is the first bioresorbable metal implant used in an orthopedic screw that has been verified through clinical tests and received prior approval from the U.S. Food and Drug Administration, earning it the breakthrough device designation. The merging of traditional metal implant surgical processes with the benefits and patient-oriented care of the newer bioresorbable polymer implants has made surgeries to remove implants unnecessary.
What Are the Emerging Segments in 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Orthopedic Screws Industry?
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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