Bone Screw System Market: Overview
Bone screws can also be called as bone fixation screws. They are medical devices which are made up of stainless steel or titanium so that they can support the internal bone fixation while having an orthopedic surgical procedure. The bone screws are used for the internal fixation so that they can hold the bone fragments together. The materials from which the bone screws are made are inert.
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Bone Screw System Market: Facts
The Gramercy Extremity Orthopedics got the U.S. Food and Drug Administration’s (FDA) 510(k) approval for the GEO Bone Screw System. The GEO Bone Screw System can be used for the osteotomies, osteochondritis, bone fractures, arthrodesis, and tendon reattachments.
Bone Screw System Market: Segmentation
The global market for the bone screw is fragmented into its design, material, characteristics, application, use, and the end-user industry. On the basis of design, the global market is segregated into locking screws, cannulated screws, conventional screws, and headless screws. On the basis of the material, the market is categorized into bioabsorbable screws, titanium, and stainless steel. On the basis of the characteristics, the market is divided into self-tapping, self-tapping and self-drilling, partial threaded, non-self-tapping, self-drilling, and full threaded. On the basis of application, the market is bifurcated into the pedicle, cancellous, cortical, Herbert, and malleolar. On the basis of use, the market is fragmented into lag screws, position screws, locking screw, neutralization screws, reduction screws, and anchor screws. On the basis of the end-user, the market is classified into clinics and hospitals.
Bone Screw System Market: Growth Factors
The key factor that is contributing to the growth of the bone screw systems market is the rise in the number of people that are suffering from trauma and orthopedic diseases. These disorders are especially found in the teenagers and the aged population. Another factor that contributes to the growth of the bone screw market is the technological developments that are made with the help of robotics and nanotechnology led to the introduction of auto-dissoluble, biodegradable, and affordable bone screws; thus fuelling the growth of the market. There are factors that will restrain the growth of the bone screw systems market which include the complications that occur with the bone screws such as hematoma, avascular necrosis, infection, nonunion, and other types of complications. Other disadvantages of the bone screws are surgical removal, holes in bones, and problems in airport security.
Bone Screw System Market: Regional Analysis
The region that is leading the bone screw system market in North America and it is followed by Europe. In Asia Pacific region, the market is growing at a good pace owing to the favorable support by the government. In Asia Pacific region, India may export the medical devices to the other developing countries. Also, the domestic industries that are present in this region are improving and increasing their research and development activities in order to launch novel products.
Bone Screw System Market: Competitive Players
The key market players that are involved in the bone screw system market include DePuy Synthes, Instratek, Acumed, Stryker Corporation, Custom Spine, Inc., SmithNephew Plc., Medtronic, Zimmer Biomet, Wright Medical Technology, Inc., OsteoMed, Integra LifeSciences Corporation, Orthofix Holdings, Inc., and BioPro.