Bone Screw System Market size is projected to experience significant growth from 2020 to 2026. Bone screw system is primarily used in orthopedic surgeries to produce bone compression throughout the injured bone surface. These implants are either made of stainless steel, titanium and bio-absorbable material for better biocompatibility. The screws help to hold the fracture and can be left in the body or removed after fixation. The bone screw systems are manufactured in various sizes, shapes and designs to cater the increasing demand for orthopedic procedures.
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Bone screw system market is expected to grow significantly during the forthcoming years owing to increasing incidence of orthopedic diseases, soft-tissue injuries and fractures. The screw systems are used in attachment of implants to bones and soft-tissue fixation. This fixation results into improved bone structure and flexible movement thus, increasing its demand over the forecast period.
Furthermore, increasing demand for technologically advanced procedures in developed and developing nations will drive the market growth. According to the Centers for Medicare & Medicaid Services (CMS) 2019, one in every seven Americans suffers from orthopedic disorders. Additionally, surge in the number of road accidents and trauma cases will further fuel the industry growth. For instance, WHO reported 20-50 million injures and disabilities due to road accidents in 2019. Such factors coupled with focus of market players on development of various advanced products to treat orthopedic ailments and fractures will boost the bone screw system market demand over the analysis timeframe.
Based on type, the bone screw system is bifurcated into conventional screws, locking screws, headless screws, cannulated screws, threaded screws, special screws and others. The cannulated screw segment is projected to show tremendous growth in the coming years. The cannulated screws consist of hollow central shaft and are basically used in metaphyseal fractures. The screw is small and hence can be used over guide wire or guide pin using fluoroscopy. Moreover, small size of the screw, allows reinsertion for multiple times. The knowles pin, a type of cannulated screw is used to fix slipped capital femoral epiphysis in children. Ability of these bone screw system to limit the post-surgery complications and increase the procedural outcomes will prove beneficial for the bone screw system market growth.
The application segment is divided into cortical, cancellous, malleolus and others. Cortical bone segment held significant share in 2019 and will show similar trend during the forecast period. Cortical bones are dense layered bones that are meant for protecting the internal cavity. The cortical bones are fixed with help of cortex screws, that have multiple threads and are smaller in size. These screws help to retain the distorted cortical bone structure and movement. Afore mentioned factors will thus, boost the bone screw system market growth in the foreseeable future.
Bone screw systems are made of various materials including titanium, stainless steel and bio-absorbable materials. Bio-absorbable segment is poised to show robust growth during the analysis timeline. The bio-absorbable material consists of polyglycolic acid, poly-L-lactic acid and polylactic acid. These materials are bio-compatible with the body and hence, the bio-absorbable screws can be left inside the body after restoration. The benefits offered by bio-absorbable materials including less interference with MRI scans, decreased graft laceration and reduced implant removal, will further boost the product demand.
End-users of the bone screw system include hospitals, ambulatory surgical centers, clinics and others. Increasing number of surgeries for effective treatment of orthopedic disorders and fractures in hospital settings will impact the segmental growth. Presence of skilled healthcare professionals in hospitals and accessibility to advanced healthcare facilities will providential for the segment expansion. Moreover, growing awareness among the patients regarding advanced orthopedic treatments and surge in the road accidents and bone injury cases will augment the segment growth.
The U.S. bone screw system market accounted for significant revenue share in 2019 and is estimated to show substantial growth over the forecast period. Increasing prevalence of age-related orthopedic surgeries, road accidents and sport injuries in the country along with presence of large number of orthopedic surgical centers in the U.S. will accelerate the market growth. Moreover, strong foothold of key market players in the country, focusing on innovative product development will stimulate the U.S. industry during the forthcoming years.
Some of the key players operating in the bone screw system market include Aesculap, Zimmer Biomet, Arthrex, DePuy Synthes, ConforMIS, Alphatec Spine, CONMED Corp and NuVasive. These players undertake various strategies such as acquisitions, collaborations and mergers to garner more revenue share and maintain market position.
Bone Screw System Market, By Type, 2015-2026 (USD Million)
By Application, 2015-2026 (USD Million)
By Material, 2015-2026 (USD Million)
By End-use, 2015-2026 (USD Million)
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