Bone Screw System Market by Material Type (Stainless Steel, Titanium and Bio-absorbable), Type (Lower Extremity, Upper Extremity, Spinal and Others), End User (Hospital, Ambulatory Surgical Centers and Clinics) and Region- Forecast 2022 to 2028

Bone Screw System Market Snapshot

[270 Page Report] The bone screw system market is likely to grow at a CAGR of 6.4% through 2028, reaching US$ 1,963.9 Mn.

The North America & Europe bone screw system market is estimated to register a significant incremental opportunity by the end of the forecast period.

Due to Covid-19 pandemic, the bone screw system procedures were decreased. But as a large section of the healthcare sector was involved in treating the infected ones, the bone screw system procedure for non-infected patients increased. On the other side, the product quality, sustainability and cost effectiveness increased the demand of system.

All these factors have led to a rise and are likely to increase the bone screw system market value with a CAGR of 6.4% during the assessment period.

Consumption Analysis of Bone Screw System (2013 to 2021) Vs Market Estimates (2022 to 2028)

From 2013 to 2021, the market for bone screw systems surged at a CAGR of 6.2%, on the back of rising cases of orthopedic diseases, fractures and soft tissue injuries. These have largely resulted from an increased frequency of trauma related injuries in road accidents. As per W.H.O, around 20 to 50 million people are left with non-fatal injuries due to road crashes each year.

Due to the COVID-19 pandemic, the bone screw system landscape was significantly altered, with the incidence of hospital admissions for minor bone trauma reducing to a major extent. Furthermore, a major chunk of global healthcare resources was directed towards treating infected patients, especially in the first two quarters. Eventually, as the infection rates plummeted, healthcare providers were able to resume non-COVID procedures, which restored demand for bone screw systems.

The bone screw system is one such tool used for surgical internal fixation of bones that have become highly prevalent throughout the healthcare industry. To manufacture high-quality and sustainable products, various firms are investing in the development and sale of bone screw systems for hospitals, ambulatory surgical centers, and clinics. All these factors have led to the bone screw system market registering a CAGR of 6.4% in the sales indicator period.

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Growing Musculoskeletal Disorders Augmenting Bone Screw Systems Adoption?

According to W.H.O, approximately 1.71 billion suffer from musculoskeletal disorders worldwide. Among these, lower back pain causes the highest burden, with a prevalence rate of 568 million people. These conditions significantly limit mobility and dexterity, leading to reduced levels of well-being. Consequently, the need for surgical intervention has increased, prompting enhanced deployment of bone screw systems.

Bone screw systems for lower extremity injuries are being extensively deployed, attributed to the prolonged effects of osteoporosis amongst the global population. In addition, rising cases of trauma related injuries due to fractures resulting from road crashes, sports injuries and other accidents is also prompting patients to opt for bone screw system based surgeries, increasing their demand.

How are Technological Advancements in Orthopedics Influencing Bone Screw Systems Adoption?

In recent years, the global orthopedics surgery landscape has been witnessing prolific developments. A major advancement is with regard to fixation of implants. Over time, metallic hardware is being replaced with materials which easily integrate with the human body.

Amongst these developments, biointegrative technology is soon to become mainstream. It is expected that plates, screws, pins, interface screws and possibly joint replacements, will incorporate into patient bodies, which will negate the requirement for hardware removal and adding structure and stability to an iatrogenically weakened area.

Country-wise Analysis

How Opportunistic is the Bone Screw System Market Likely to be in North America?

Growing number of age-related orthopedic surgeries has propelled market demand for bone screws in the North American market. Rising frequency of sports injuries and road accidents will accelerate adoption across coming years. According to the Centers for Medicare & Medicaid Services (CMS) 2019, one in every seven Americans suffers from orthopedic disorders.

According to FMI, the North American market is slated to accumulate 26.7% revenue with regard to bone screw systems in 2022. As per the National Highway Traffic Administration, about 5.25 million road accidents occur across the U.S every year. Around 4.4 million people are injured seriously enough to require medical attention, mostly for bone related trauma injury.  

Rapidly Aging Population Prompting Innovation in the European Market for Bone Screw Systems?

According to FMI, the market for bone screw systems is likely to be the largest in Europe, accumulating a market share of 27.9% in 2022. It is estimated that by 2050, there will be a 72% increase in the number of people older than 65 residing in Europe, while those above 85 are likely to double. Consequently, there is an increase in orthopedic trauma related surgeries, amid growing rates of osteoporosis.

This is also prompting healthcare personnel to incorporate innovations aimed at reducing surgical trauma to patients. Since the past decade, surgeons have been using hip IM nails as substitutes for compression hip screws to treat proximal femoral fractures. A wider adoption of the same is expected in the future. Moreover, practitioners are also replacing stainless steel based screws with titanium ones, which are comparatively lighter, more flexible and more biocompatible.

Category-wise Analysis

Why are Titanium Bone Screw Systems Surging in Popularity?

By material type, the bone screw system market is segmented into stainless steel, titanium, and bioabsorbable Titanium will continue to dominate the bone screw system market in the future. Its excellent corrosion resistance properties, as well as its high strength-to-weight ratio, have fueled titanium's market demand in the medical field.

As a result of titanium's non-toxic qualities and its ability to prevent corrosion by body fluids, titanium has gained a lot of traction on the market. Furthermore, titanium bone screws are also biocompatible, which permits bone and tissue to be integrated with implants. As a result, titanium is becoming more popular in the medical industry.

Will Bone Screw Systems for Lower Extremity Injuries Hold Maximum Sway?

Various alignment issues seem to be increasing among various populations and this has stimulated the market demand for bone screws. In addition to the aging population and growing incidences of bone diseases like arthritis, rheumatoid arthritis, and others, bone screws have become increasingly popular.

A high incidence of osteoporosis in the mass population is contributing to the increase in demand for bone screw systems in the lower extremity.  Thus, among all the applications, the lower extremity segment is estimated to expand at a relatively higher rate in the overall global bone screw system market during the forecast period.

Will Hospitals Remain Primary End Users of Bone Screw Systems?

The rise in number of surgeries performed at hospitals has accelerated the market demand for bone screw systems. Growing government funding and private investment have increased the market demand for bone screw systems in the healthcare industry.

With the increasing adoption of robotic technology in healthcare procedures, the market for bone screw systems at hospitals will further grow. To develop new effective products with better user interfaces, firms are focusing on better collaboration with their customers. The end-user segment of hospitals is estimated to hold a market share of 65.6%.

Competitive Landscape

• In October 2021, Silver Bullet Therapeutics, Inc., will formally launch the OrthoFuzlon Bone Screw System at the DKOU German Congress of Orthopedics and Traumatology on October 2-28 in Berlin. At Argomedical's booth, number 61 in Hall 4.2, Silver Bullet Therapeutics will showcase its OrthoFuzIon product line.
• In December 2021, Johnson & Johnson Medical Devices Company, DePuy Synthes acquired OrthoSpin, Ltd. from the Israeli firm OrthoSpin. In association with the DePuy Synthes MAXFRAMETM Multi-Axial Correction System, an external ring fixation system, OrthoSpin developed and manufactured a first-of-its-kind system - an automated strut system. Johnson & Johnson's commitment to finding new ways to advance medtech is made clear through this acquisition.

Bone Screw System Industry Report Scope

Key Segments Covered in Bone Screw System Industry Survey

Bone Screw System by Material Type

• Stainless-Steel Bone Screw System
• Titanium Screw Bone Screw System
• Bio-absorbable Screw Bone Screw System

Bone Screw System by Application

• Lower Extremity Bone Screw System
• Upper Extremity Bone Screw System
• Spinal Bone Screw System
• Other Bone Screw Systems

Bone Screw System by End User

• Bone Screw System for Hospitals
• Bone Screw System for Clinics
• Bone Screw System for Ambulatory Surgical Centers

Bone Screw System by Region

• North America Bone Screw System Market
• Latin America Bone Screw System Market
• Europe Bone Screw System Market
• South Asia & Pacific Bone Screw System Market
• East Asia Bone Screw System Market
• MEA Bone Screw System Market