Orthopedic surgeons frequently use bone screws to fixate bony fragments, which serve several purposes such as attaching implants to bone, connecting soft tissue to bone, and fixing bone-to-bone. A bone screw typically consists of various parts such as a head, shaft, core, and thread. They can be used in different parts of the body, including cortical bone, cancellous bone, the metaphyseal region of bone, the distal humerus, the trochanteric area, and occasionally in the ankle where the bone density is high.
Bio-absorbable screws are widely preferred for anterior cruciate ligament surgery due to their automatic absorption in the body. The use of biodegradable bone screws presents various advantages such as post-surgery MRI imaging of the bone, avoiding long-term interference with surrounding tissues, eliminating the need for bone screw removal surgery, minimizing the risk of infections related to metal screws, and reducing the amount of stress exerted on the surrounding tissues.
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Global Bio-absorbable Bone Screw Market Drivers:-
The launch of new products from major players is anticipated to fuel the growth of the global bio-absorbable bone screw market. Biosure HA screws were introduced by Smith & Nephew Plc., a medical device business with a global reach, in April 2013. These screws are made of hydroxyapatite, a calcium phosphate that closely matches the mineral present in human bone, and poly-L-lactic acid. The introduction of novel products broadens the selection of bio-absorbable alternatives accessible to orthopaedic patients, which is predicted to fuel the expansion of the worldwide bio-absorbable market.The global bio-absorbable bone screw market is anticipated to experience growth due to the rising number of orthopedic patients. In India, for example, a study conducted by the Indian Orthopedic Research Group in 2015 reported that over 60 million people were orthopedic patients, with a significant proportion being elderly individuals. The increasing number of the elderly population is also expected to contribute to the growth of the global bio-absorbable bone screw market. In 2016, a survey conducted by the Statistics and Programme Implementation reported that over 30 million males and more than 42 million females were part of the geriatric population.
Collaborations between market participants to distribute their goods on a larger scale are anticipated to support the growth of the worldwide bio-absorbable bone screw market. For instance, in order to increase the distribution of Biorectec’s bio-absorbable products, Ortho Pediatrics Corp., a business that specialised in paediatric orthopaedics, joined forces with Biorectec Ltd. in 2017. Under the Ortho Pediatrics Corp trademark TorqLoc, Ortho Pediatrics Corp will advertise and market Biorectec’s bio-absorbable goods, including screws and other fixation devices. These items allay worries over the requirement for subsequent procedures in kids and are thought to be safe. This kind of collaboration is anticipated to persuade patients of all ages to convert to biodegradable screws and implants in order to reduce dangers in the future.The global bio-absorbable bone screw market is facing limitations in its growth due to the high cost of bio-absorbable implants and screws, which are not affordable for low and middle-income populations, as well as the slow rate of new ligament regeneration.
Geographical analysis of the global bioresorbable bone screw market:
Because of the region’s growing orthopaedic patient population, North America is expected to dominate the global market for bio-absorbable bone screws. Around 8 million Americans were reported to be orthopaedic patients in a 2016 research by the American Academy of Orthopedic Surgery. The global market for bio-absorbable bone screws is anticipated to develop over the course of the projected period as a result of the rising number of orthopaedic patients.
The launch of new orthopaedic goods on the market is the primary reason for the anticipated significant expansion of the European bio-absorbable bone screw market. Smith & Nephew Plc., a business that specialises in the creation, marketing, and distribution of medical devices on a global scale, introduced Biosure Regenesorb in 2017. This product is primarily used for graft fixation in tiny locations to aid graft-to-bone integration. It is created from a bio-composite material with an open architecture design that facilitates bone formation. The worldwide bio-absorbable bone screw market is expected to increase as more novel solutions that promote quicker healing are introduced. Graft-to-bone integration is essential to healing and remodelling.
As new products are approved by regional regulatory agencies, the Asia Pacific market for bio-absorbable bone screws is expected to expand over the projected period. ABT, a producer and developer of orthopaedic internal fixation devices, reported in April 2018 that the Chinese FDA has approved novel polymer orthopaedic internal fixation devices, including bio-absorbable screws. These devices are constructed from the physiologically stable PA6-P (MMA-CO-NVP)-HA polymer, which is fibre reinforced and readily absorbed by the body. With ABT’s clearance to produce additional items made of this polymer, orthopaedic patients should have access to a broad variety of such products, which will encourage many patients to utilise bio-absorbable screws rather than metal ones.
Prominent players in the global bioresorbable bone screw market include:
Smith & Nephew Plc., Zimmer Biomet, DePuy Synthes Companies, Stryker Corporation, Bioretec Ltd., and Tornier Inc. are among the key players in the global bio-absorbable bone screw market.
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Market Taxonomy for Bioabsorbable Bone Screws Worldwide:
Kind of Product:-
- Fully Threaded Screws
- Partially Threaded Screws
- Upper Extremities
- Lower Extremities
users at the end:-
- Specialty Clinics
- Ambulatory Surgical Centers
- North America
- Latin America
- Asia Pacific
- Middle East
Reason to Buy this Report:
➜ Analysis of the impact of technological advancements on the market and the emerging trends shaping the industry in the coming years.
➜ Examination of the regulatory and policy changes affecting the Bio-absorbable Bone Screw market and the implications of these changes for market participants.
➜ Overview of the competitive landscape in the market, including profiles of the key players, their market share, and strategies for growth.
➜ Identification of the major challenges facing the market, such as supply chain disruptions, environmental concerns, and changing consumer preferences, and analysis of how these challenges will affect market growth.
➜ Evaluation of the potential of new products and applications in the market and analysis of the investment opportunities for market participants.
Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Bio-absorbable Bone Screw Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Bio-absorbable Bone Screw Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
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