Increasing Bone Injuries to drive the Bone Screw System Market, reaching US$ 1.96 Billion by the year 2032 at a CAGR of 6.4% in the forecast period 2022
The global Bone Screw System Market stands at US$ 1.35 Billion as of now and is expected to reach US$ 1.96 Billion by the year 2032 at a CAGR of 6.4% between 2022 and 2032.
With growing occurrences of orthopedic diseases, fractures, and soft-tissue injuries, the bone screw market is expected to grow manifold in the upcoming period. These screw systems are used to attach implants to the bones and also for soft-tissue fixation. As such, enhancement in bone structure is ascertained.
The developed and developing nations are also asking for technologically advanced procedures. Apart from orthopedic disorders, 20-50 Mn mishaps and the disabilities are witnessed every year. This has been confirmed by the WHO.
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Out of locking screws, conventional screws, cannulated screws, headless screws, special screws, threaded screws, cannulated screws, which comprise hollow central shaft, are increasingly preferred for metaphyseal fractures. This screw is small in size and that's why, could be used over guide pin or guide wire (using fluoroscopy). This small size lets re-insertion, that too, not just once but multiple times. Knowles pin (a kind of cannulated screw) is used for fixing slipped capital femoral epiphysis in kids. Overall, bone screw system is able to put a cap on the post-surgery complications, thereby increasing procedural outcomes. This factor is expected to help the bone screw system on an unstoppable note going forward.
Coming to materials, out of stainless steel, titanium, and bio-absorbable materials, the third ones are expected to account for maximum contribution to market revenue.
The WHO has also confirmed that around 1.71 Billion people do suffer from musculoskeletal disorders across the globe, out of which lower back pain is witnessed by 568 Mn people. Dexterity and mobility are likely to get adversely affected herein. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Bone Screw System Market’. It has its team of analysts and consultants to execute through bottom-up approach.
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"The fact that bone screw system is increasingly used to have surgical internal fixation of bones is expected to take the bone screw system by storm in the near future", says an analyst from Future Market Insights.
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Key Segments Covered in Bone Screw System Industry Survey:
Bone Screw System by End User:
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