Global Orthopedic Screws Market

Global Orthopedic Screws Market 2031:

The global Orthopedic Screws Market size was valued at USD 1.20 Billion in 2022 and is projected to reach USD 1.83 Billion by 2031, expanding at a CAGR of 4.8% during the forecast period 2023 - 2031. Orthopedic implants are used to replace damaged or trouble bones. These implants are made up of stainless steel and titanium alloy. Different Orthopedic implant consist of orthopedic plates, orthopedic nails, and orthopedic screws.

Orthopedic screw is a metal implant inserted into the bone. Screws are used to immobilize fractured bone segments to aid in the healing process, and it helps as an adjunct to spine fusion surgery to help hold implants in place.

Orthopedic Screws Market Dynamics

The market is driven by factors such as rising prevalence of pathological conditions and traumatic fractures has resulted in a surge in the demand for orthopedic screws, rising incidence of road accidents. Conversely, risks associated with bone fixation screw, shortage of skilled medical professional are key restraints of this market. Growing awareness regarding treatment of in emerging countries, increase in the R&D field of medical equipment in emerging markets an opportunity for manufacturer.

Scope of Orthopedic Screws Market Report

The report on the global orthopedic screws market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Orthopedic Screws Market  - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016 – 2021
Forecast Period	2023–2031
Segmentation	Material Type (Stainless steel, Titanium, Bioabsorbables), Patients Anatomy (Lower Extremity, Upper Extremity, Spinal, and Others), and End User (Hospitals, Ambulatory Surgical Center, and Clinics)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report	Johnson & Johnson Services, Inc., Medtronic, Smith+Nephew.

Orthopedic Screws Market Segment Insights 

On the basis of material type, the Global Orthopedic Screws Market is segmented as stainless steel, titanium, and bio absorbable. The bio absorbable segment is anticipated to expand at a CAGR of around 5.6% during the forecast period as they are used frequently for graft fixation in ACL (anterior cruciate ligament) reconstruction.

The titanium segment is estimated to hold around 49.6% share of the market in 2020 as helps in making this material ideal for its use as surgical implants. The use of bio-absorbable fixation in non-syndromic maxillary and mandibular osteotomies indicates that its benefits are realized after the first postoperative year.

Based on patient anatomy, the market is segmented into lower extremity, upper extremity, spinal, and others. The lower extremity segment is projected to hold a major share of the market during the forecast period as most common lower limb fragility fractures are hip and ankle fractures, but also include thigh bone (femoral) fractures, pelvic fractures, fractures of the shin bone (tibia), fractures around the knee, and fractures in the foot.

The spinal segment is expected to grow at a substantial pace as there is increase in spinal related disorders in people due to changing lifestyle.

Based on end-users, the market is segmented into hospitals, ambulatory surgical centers, and clinics. Hospitals account for the major share as majority of the people received treatment for the orthopedic diseases from the hospitals, including the ambulatory surgical centers followed by clinics.

Patients who choose to have surgery in an ASC arrive on the day of their procedure, have their surgery in a fully equipped operating room and recover under the care of highly skilled nurses, all without hospital admission.

Definitions By patient anatomy

Lower Extremity
Lower extremity is the part of the body from the hip to the toes. It designed with a stepped pitch and taper for lower extremities. The screws draw two fragments together using straightforward instrumentation for drilling and tapping. In lower extremity, orthopedic screws are applied in the foot and ankle include OCDs, fractures, osteotomies, and arthrodesis of the tarsals, metatarsals, and phalanges. Lower extremity includes parts such as hip, thigh, knee, leg, ankle, and foot. In lower extremity, screws are used in the leg, anywhere from the pelvis to the feet, and it usually occurs after a trip or a fall from standing.

Upper Extremity
Upper extremity is the region in a vertebrate animal extending from the deltoid region. It includes the hand, including the arm, axilla, and shoulder. The upper extremity or arm is a functional unit of the upper body. It consists of three sections: upper arm, forearm, and hand. It extends from the shoulder joint to the fingers and contains 30 bones. A hand or upper extremity fracture occurs when a fracture, commonly known as a break or crack in a bone, occurs in the upper extremity, including fingers, hand, wrist, forearm, elbow, and upper arm.

Spinal
The spine is also referred to as the vertebral column, spinal column, or backbone. The spine is designed to protect the spinal cord, a column of nerves that connects brain with the rest of body. It helps to control movements. The spine is usually divided into three major sections: the cervical, the thoracic, and the lumbar spine. Sacrum is a bone below the lumbar spine and is part of the pelvis. Each section of the spine is made up of individual bones, called vertebrae.

Others
Orthopedic screws are also used in different parts of surgery. In some mandibular fractures, cracks present in the anterior and angle regions are successfully treated using metal screws. Two or three mini screws are placed in each side of the fracture line. Screw lengths of up to 10 mm are used in mandibular fractures. Short screws are need to treat body and angle fractures to avoid inferior alveolar nerve and damage to the artery.

Orthopedic screws are also used to treat the skull. A craniotomy is one of the main types of surgeries used to treat severe head injuries. In craniotomy, small metal screws are used to replace and reattached the skull bone.

Orthopedic Screws Market Regional Outlook

In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a promising region for the market.

The region constituted 1/3^th share of the market in 2020. The market in the region is projected to expand at a CAGR of 4.9% during the forecast period as there is increase in prevalence of trauma and pathological conditions is rapidly rising in North America, increasing focus of players in research & development and orthopedic screws therapy development, rise in government initiatives are some of the factors expected to boost the market growth on the region.

Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Orthopedic Screws Market
• Historical, Current and Projected Market Size in terms of Value
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on Global Orthopedic Screws Market Performance

Segments

Material Type

• Stainless steel
• Titanium
• Bioabsorbables

Patients Anatomy

• Lower Extremity
• Upper Extremity
• Spinal
• Others

End User

• Hospitals
• Ambulatory Surgical Center
• Clinics

Region

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • U.K.
  • France
  • Germany
  • Italy
  • Spain
  • Poland
  • Rest of the Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • South East Asia
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • GCC
  • South Africa
  • Rest of MEA

Key Players

• Amgen Inc.
• Shanghai Sunway Biotech Co., Ltd
• RIGVIR Ltd
• Johnson & Johnson Services, Inc.
• Medtronic
•  Smith+Nephew
• Arthrex, Inc.
• Stryker
• Wright Medical Group N.V.
• Exactech, Inc.
• Integra LifeSciences Corporation
• Paragon 28, Inc.
• Acumed LLC
• TYBER MEDICAL LLC
• Advanced Orthopaedic Solutions
• Trilliant Surgical
• Extremity Medical
• Zimmer Biomet

Competitive Landscape

• Key players in the market include Johnson & Johnson Services, Inc., Medtronic, Smith+Nephew. These companies are considered manufacturers of orthopedic screws based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
• The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the orthopedic screws is added in the company’s capacity.
• For instance, In September 2020, Smith+Nephew launched the HEALICOIL KNOTLESS Suture Anchor, in order to expand its revolutionary line of advanced healing solutions for rotator cuff repair.
• In September 2020, Medtronic has planned to acquire Avenu Medical, privately held medical device company focused on developing endovascular (minimally invasive) creation of arteriovenous (AV) fistulae for patients suffering from end-stage renal disease (ESRD) and who are undergoing dialysis.
• In March 2019, Smith+Nephew entered into a strategic collaboration to acquire the Brainlab orthopaedic joint reconstruction business.
• On November 1, 2019, Arthrex, Inc. launched Syndesmosis TightRope XP implant that fixes syndesmosis with or without associated ankle fractures. The implant device consists of a suture, tensioned between two metallic tibia and fibula buttons. The benefit of the device is that there is no need to remove hardware. Generally, one or two metal screws are used to repair the ankle syndesmosis in which the screws can break and need to get removed.