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Bone Screw System Market - By Material Type (Stainless Steel, Titanium Alloy, Bioabsorbable), Screw Type (Cannulated, Cortex, Cancellous, Lag), Application (Lower Extremity, Spinal Fusion, Upper Extremity), End-use (Hospital) – Global Forecast, 2024 – 2032

  • Report ID: GMI4558
  • Published Date: Jan 2024
  • Report Format: PDF

Bone Screw System Market Size

Bone Screw System Market size was valued at around USD 1.7 billion in 2023 and predicted to showcase about 5.6% CAGR between 2024 and 2032. This robust market growth can be attributed to various factors, including growing aging population, ongoing advancements in orthopedic technologies, increasing prevalence of orthopedic conditions, growing number of sports injuries, and rising demand for minimally invasive procedures, among other contributing factors.
 

Bone Screw System Market

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Furthermore, the increasing incidence of orthopedic injuries, including fractures, musculoskeletal traumas, and degenerative bone diseases, serves as a major driving force. Due to growing ageing population in the world population, there is an increasing demand for bone screw systems for fracture repair and orthopedic procedures. For instance, according to the World Health Organization (WHO), approximately 1.71 billion individuals globally suffer from musculoskeletal disorders such as low back pain, neck pain, fractures, osteoarthritis, and rheumatoid arthritis among various injuries.
 

In addition, according to the American Academy of Physical Medicine and Rehabilitation, degenerative joint disease affects around 50% of adult individuals over 65 in the U.S. The disorder is associated with pain, loss of function, and decreased stamina, that can lead to weight gain and other impacts.
 

Furthermore, the rapid development of healthcare infrastructure in developing countries, coupled with increasing awareness of orthopedic treatments, contributed to rising demand for bone screw systems. These sectors have witnessed the surge in orthopedic procedures, which is contributing to bone screw system market expansion.
 

Bone screw system refers to a set of medical implants designed for orthopedic applications, specifically for the stabilization and fixation of bone fractures, injuries, or surgical procedures. The system typically includes various components such as screws, plates, and other fixation devices that are surgically implanted into bones to provide stability, alignment, and support during the healing process.
 

Bone Screw System Market Trends

The market is experiencing several notable trends that are shaping its growth and development. Factors such as continuous technological innovations in materials and design, growing adoption of telemedicine and remote consultations, and surging demand for minimally invasive surgical techniques, among other factors are propelling the industry growth.
 

  • Further, there is a growing trend toward minimally invasive surgical instruments in orthopedics, including the use of smaller and specialized bone screw systems. These systems support less invasive procedures, leading to reduced trauma, quicker recovery times, and improved patient outcomes.
     
  • Moreover, the integration of digital technologies and surgical navigation systems is becoming more prevalent in orthopedic surgeries. Surgeons use advanced imaging and navigation tools to plan and execute procedures accurately, enhancing the precision of implant placement, including bone screws.
     

Bone Screw System Market Analysis

Bone Screw System Market, By Material Type, 2021 – 2032 (USD Billion)

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The market by material type is categorized into stainless steel screws, titanium alloy screws, and bioabsorbable screws. The stainless-steel screws segment accounted for majority revenue share and was valued at around USD 892.4 million revenue in 2023.
 

  • Stainless steel is known for its immense strength and durability. In orthopedic procedures, especially in load-bearing applications, the screws cope with significant mechanical stresses. Stainless steel screws are durable and strong, making them a better choice for providing stability and support in a variety of orthopedic treatments such as fracture fixing and joint reconstruction.
     
  • Furthermore, stainless steel screws are versatile and can be used in a wide range of orthopedic procedures, including trauma surgeries, spinal fusions, and joint replacements. Their adaptability to different anatomical sites and surgical applications contributes to their widespread use in bone fixation systems.
     
Bone Screw System Market, By Screw Type (2023)

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Based on screw type, the bone screw system market is segmented into cannulated screws, cortex screws, cancellous bone screws, lag screws, and headless compression screws. The cannulated screws segment accounted for 45.3% market share in 2023 and is anticipated to witness significant growth during the forecast period.
 

  • Cannulated screws offer improved surgical precision due to the ability to navigate and guide the screw placement with a guide wire. This enhances accuracy, especially in challenging anatomical locations, and allows surgeons to achieve optimal positioning for fracture fixation and joint stabilization.
     
  • Moreover, the hollow design of cannulated screws enables their insertion over a guide wire, minimizing the need for extensive soft tissue dissection. This reduces soft tissue damage during surgery, resulting in less postoperative pain, faster healing, and improved overall patient outcomes.
     

Based on application, the bone screw system market is segmented into lower extremity, spinal fusion, upper extremity, and other applications. The lower extremity segment accounted for 49.5% business share in 2023.
 

  • Sports-related injuries often include fractures and ligamentous injuries related to lower extremities. The growing participation in sports activities contributes to the demand for bone screw systems designed for lower extremity applications, especially in athletes requiring surgical intervention for injury management.
     
  • Additionally, the lower extremities are commonly subjected to joint-related issues, such as degenerative conditions and osteoarthritis. Bone screw systems play a crucial role in joint reconstruction and arthrodesis procedures for conditions like ankle arthritis, contributing to the overall market demand.
     

The bone screw system market by end-use is categorized into hospitals, orthopedic clinics, and ambulatory surgical centers. The hospitals segment accounted for around USD 903.2 million revenue size in 2023.
 

  • Hospitals, especially those equipped with emergency services and trauma centers care facilities, frequently handle cases involving fractures and traumatic injuries. Bone screw systems are essential in these emergency scenarios, contributing to the hospital's preparedness for orthopedic emergencies.
     
  • Additionally, well-equipped hospital infrastructure and surgical capabilities contribute to the efficient conduct of orthopedic surgeries. Hospitals invest in state-of-the-art operating rooms and surgical equipment, to enhance the quality of orthopedic procedures, thereby, contributing to increased demand for bone screw systems.
     
North America Bone Screw System Market, 2020 – 2032 (USD Million)

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North America bone screw system market accounted for USD 669.5 million revenue in 2023 and is predicted to witness substantial market growth.
 

  • North America is at the forefront of technological advancements in the field of orthopedics. Ongoing research and development efforts lead to innovations in bone screw system designs, materials, and surgical techniques, driving the demand for advanced orthopedic solutions.
     
  • Furthermore, the region emphasizes awareness and education initiatives about orthopedic health. Increased awareness among healthcare professionals and the general public about available orthopedic treatments, including the use of bone screw systems, influences treatment-seeking behavior, thereby fostering the regional growth.
     

Bone Screw System Market Share

The bone screw system industry is consolidated in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced product based on different technologies is among a key market strategy. Some of the leading industry players including DePuy Synthes, Zimmer Biomet Holdings, Inc., Wright Medical Group N.V., Stryker Corporation, and Integra LifeSciences, among others have a notable presence in the market.
 

Bone Screw System Market Comapnies

Some of the eminent market participants operating in the bone screw system industry include:

  • Acumed LLC.
  • Arthrex, Inc.
  • CONMED Corporation
  • DePuy Synthes
  • Integra LifeSciences
  • Medtronic plc
  • NuVasive, Inc.
  • Orthofix US LLC
  • Smith+Nephew
  • Stryker Corporation
  • Wright Medical Group N.V.
  • Zimmer Biomet Holdings, Inc.
     

Bone Screw System Industry News:

  • In January 2023, Orthofix Medical Inc. announced the launch of Mariner Deformity Pedicle Screw System. The Mariner Deformity System makes use of mariner's modular technology to provide a full implant solution while reducing the number of surgical trays generally required for deformity surgery. This less physical footprint is intended to lead in enhanced efficiency, minimal operating room clutter, and lower sterile processing expenses to the facility.
     
  • In June 2020, Orthofix Medical Inc. announced the FIREBIRD SI Fusion System has been granted FDA 510(k) approval and that the first patient implantation have been performed. The FIREBIRD SI Fusion System, designed to compress and stabilize the sacroiliac joint (also known as the SI joint) during fusion, is the first 3D printed titanium bone screw available for treating SI joint dysfunction.
     

Bone screw system market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Material Type

  • Stainless steel screws
  • Titanium alloy screws
  • Bioabsorbable screws

Market, By Screw Type

  • Cannulated screws
  • Cortex screws
  • Cancellous bone screws
  • Lag screws
  • Headless compression screws

Market, By Application

  • Lower extremity
  • Spinal fusion
  • Upper extremity
  • Other applications

Market, By End-use

  • Hospitals
  • Orthopedic clinics
  • Ambulatory surgical centers

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East and Africa

 

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global bone screw system industry was valued at around USD 1.7 billion in 2023 and is estimated to reach over USD 2.8 billion by 2032, due to the growing aging population, ongoing advancements in orthopedic technologies, and rising demand for minimally invasive procedures.

How is lower extremity application impelling the demand for bone screw system?

North America bone screw system industry accounted for USD 669.5 million in 2023 and is predicted to witness substantial market growth over 2024 and 2032 owing to the ongoing R&D efforts that lead to innovations in bone screw system designs, materials, and surgical techniques.

Acumed LLC., Arthrex, Inc., CONMED Corporation, DePuy Synthes, Integra LifeSciences, Medtronic plc, NuVasive, Inc., Orthofix US LLC, Smith+Nephew, Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc.

Bone Screw System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 165
  • Countries covered: 22
  • Pages: 110
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