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Bone Screw Systems Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

A10917
Pages: NA
Jun 2021 | 48 Views
 
Author(s) : Onkar Sumant
Tables: NA
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COVID-19

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Bone screws, also known as bone fixation screws, are medical devices that support internal bone fixation during an orthopedic surgical procedure. Bone screw system are most often used for internal fixation to hold bone fragments together or to affix an implant, e.g. plate, to the bone. The material used for bone screw system production is inert, thus these screws try not to cause any irritation or allergic reactions inside the body. A bone screw system can be used to compress a fracture surface, fix a plate to a bone or it may be used to place and fix an external fixator or internal fixator to a bone. A position bone screw system keeps two fragments together holding in position without compression. Screw fixation prevents movement of the implant, which adds precision as well as early and late predictability to the result. Bone screws tend to be made of stainless steel or titanium, and they often have high-end features such as conical threads, multistart threads, annulation (hollow core), and proprietary screw drive types.

Market scope and structural analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Material Type, position, End-users, Region

  Regions covered

•North America (U.S., Canada, Mexico)

•Europe (France, Germany, UK, Italy, Spain, Rest of Europe)

•Asia-Pacific (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)

•LAMEA (Brazil, South Arabia, South Africa, Rest of LAMEA)

  Companies covered

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.

 

Covid-19 Scenario analysis:

During the COVID-19 pandemics elective surgeries have been cancelled to reduce the risk of patients being exposed to COVID-19 in hospital, and to support the wider hospital response, for example by converting operating theatres in to intensive care units. More than 580,000 planned surgeries in India might be cancelled or delayed as a result of the COVID-19 pandemic, according to a study conducted by an international consortium. The study, published in the British Journal of Surgery, has projected that, based on a 12-week period of peak disruption to hospital services due to COVID-19, around 28.4 million elective surgeries worldwide will be cancelled or postponed in 2020.This will lead to patients facing a lengthy wait for their. Orthopedic such as bone screw system procedures will be cancelled most frequently, with 6.3 million orthopedic surgeries cancelled worldwide over a 12-week period, the researchers said. Thus there will be a severe slowdown in the bone screw systems market because of the Pandemic.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact analysis:

Drivers:

Increased number of fractures and accidents:

The growth of the global bone screw system market is primarily driven by increasing prevalence of pathological conditions and traumatic fractures, rising geriatric population in need of orthopedic surgery and awareness programs conducted by public and private associations in different geographical regions. There is an increase in number of client manufacturers and OEMs producing bone screw system. 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.

Multiple application and efficiency:

Bone screw system is a highly efficient instrument for the fasciation of a bone fragments by interfragmentary compression, or for fixing a plate, nail, or fixator to the bone. It is traditionally manufactured with preferred two choices of stainless-steel and titanium but technological shifts in healthcare facilities have led to the development of bio composite materials and more affordable bone screw system. There are ranges of products available in order of their use, e.g., pedicle bone screw system is meant for spinal fusion, compression bone screw system is generally used for foot and ankle procedure or any bone that needs to bear stress. Manufacturing of these bone screw systems are mainly done in bulk in order to avoid cost pressure and are manufactured with different characteristics and designs, which are applicable for different targets. Theoretically, elimination of implant motion should hasten fibrous incorporation while minimizing capsule formation and underlying bone restoration. By applying the implant to the skeleton, screw fixation eliminates any gaps between the implant and the recipient bed.

Restraints:

Bone fixation screws in regeneration sites sometimes become exposed during the healing process, potentially leading to bacterial invasion around the neck of the screw. Careful attention to the timelines of the screw exposure and the type of regenerative process is important in these situations this has caused a restrain in the market.

Stringent FDA and other regulations and lack of proper treatment/diagnosis option for cases are some of the factors expected to hamper the growth of the global bone screw system market over the forecast period.

Key segments covered:

Segments

Sub-segments

  Material Type

  • Stainless-steel
  • Titanium
  • Bio absorbable

  Position

  • Lower Extremity
  • Upper Extremity
  • Spinal
  • Others

  End Users

  • Hospital
  • Ambulatory Surgical Centre
  • Clinic

  Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Bone screw systems industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Bone screw systems market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Bone screw systems market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Bone screw systems market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Bone screw systems Market research report:

  • What are the leading market players active in the Bone screw systems market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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