Global Bioabsorbable Orthopedic Screws Market is projected to grow at a CAGR of 12.9% forcasted for period from 2024 to 2031
The "Bioabsorbable Orthopedic Screws Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Bioabsorbable Orthopedic Screws market is expected to grow annually by 12.9% (CAGR 2024 - 2031).
This entire report is of 189 pages.
Bioabsorbable Orthopedic Screws Introduction and its Market Analysis
The global Bioabsorbable Orthopedic Screws market research report provides insights into the market size, trends, and growth drivers. Bioabsorbable Orthopedic Screws are implants used in orthopedic surgeries to fix bones temporarily before being absorbed by the body, eliminating the need for removal surgeries. The market is driven by increasing sports injuries, rising geriatric population, and technological advancements. Key players in the market include Inion Oy, Auxein Medical, , Cyberbone, among others. The report recommends strategic partnerships, product innovation, and geographical expansion to capitalize on the growing demand for Bioabsorbable Orthopedic Screws.
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The global Bioabsorbable Orthopedic Screws market is segmented by type, including Poly L-lactic Acid (PLLA), Magnesium-Based Alloys, and Others, with applications for both adults and children. The increasing demand for minimally invasive orthopedic surgeries has driven the growth of this market, as these screws dissolve over time, eliminating the need for a second surgery for removal. However, regulatory and legal factors specific to market conditions vary across regions, with stringent regulations in place to ensure the safety and efficacy of these bioabsorbable implants. Companies in this market must adhere to strict guidelines set by regulatory bodies to ensure compliance and patient safety. This has led to partnerships and collaborations within the industry to navigate the complex regulatory landscape and drive innovations in bioabsorbable orthopedic screw technology.
Top Featured Companies Dominating the Global Bioabsorbable Orthopedic Screws Market
The global bioabsorbable orthopedic screws market is highly competitive with several key players operating in the industry. Some of the prominent companies in the market include Inion Oy, Auxein Medical, , Tulpar Medical Solutions, Cyberbone, Amplitude Surgical, Bioretec, BMT Group, Dedienne santé, Depuy Synthes, VIMS, NORAKER, OSTEONIC, Richard Wolf, S.B.M. France, Smith & Nephew, SOFEMED International, and Teknimed.
These companies primarily manufacture and distribute bioabsorbable orthopedic screws for various orthopedic procedures such as fracture fixation, joint reconstruction, and sports medicine. They utilize advanced technologies and materials to develop high-quality, bioabsorbable screws that offer benefits such as reduced infection risk, improved biocompatibility, and faster healing times.
These companies play a significant role in the growth of the bioabsorbable orthopedic screws market by continuously investing in research and development to introduce innovative products, expanding their product portfolios, and establishing strategic partnerships and collaborations with healthcare providers and distributors worldwide. Additionally, they actively participate in marketing and promotional activities to create awareness about the benefits of bioabsorbable orthopedic screws among orthopedic surgeons and patients.
Some of the companies listed above generate substantial sales revenue from their bioabsorbable orthopedic screws business. For example, Smith & Nephew reported annual sales revenue of over $4 billion in 2020, while Depuy Synthes, a subsidiary of Johnson & Johnson, generated sales revenue of over $30 billion in the same year. These figures indicate the significant market potential and growth opportunities in the bioabsorbable orthopedic screws market for leading companies in the industry.
- Inion Oy
- Auxein Medical
- BRI.Tech
- Tulpar Medical Solutions
- Cyberbone
- Amplitude Surgical
- Bioretec
- BMT Group
- Dedienne santé
- Depuy Synthes
- VIMS
- NORAKER
- OSTEONIC
- Richard Wolf
- S.B.M. France
- Smith & Nephew
- SOFEMED International
- Teknimed
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Bioabsorbable Orthopedic Screws Market Analysis, by Type:
- Poly L-lactic Acid (PLLA)
- Magnesium-Based Alloys
- Others
Bioabsorbable orthopedic screws come in various types such as Poly L-lactic Acid (PLLA), magnesium-based alloys, and others. PLLA screws offer excellent strength and stiffness, while magnesium-based alloys provide better biomechanical properties and improved bone healing. The use of different bioabsorbable materials caters to a wide range of orthopedic applications, attracting more customers and increasing demand in the market. The versatility and advanced features of these bioabsorbable screws make them a preferred choice in orthopedic surgeries, driving the growth of the bioabsorbable orthopedic screws market.
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Bioabsorbable Orthopedic Screws Market Analysis, by Application:
- Aldult
- Child
Bioabsorbable Orthopedic Screws are widely used in both adult and pediatric patients for fixation of fractures and orthopedic surgeries. In adults, these screws provide stable fixation and gradually degrade over time, reducing the need for a second surgery to remove the implant. In children, the screws provide a similar benefit while also accommodating the growth of bones. The fastest growing application segment in terms of revenue is the elderly population, as the demand for orthopedic surgeries and implants continues to rise due to an aging population worldwide.
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Bioabsorbable Orthopedic Screws Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Bioabsorbable Orthopedic Screws market is witnessing significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America, particularly the United States and Canada, is expected to dominate the market with a market share of around 30%. Europe, led by countries like Germany, France, and the ., is also projected to hold a substantial market share of approximately 25%. The Asia-Pacific region, including China, Japan, South Korea, and India, is anticipated to witness rapid growth, capturing around 20% of the market share. Latin America and Middle East & Africa are expected to contribute to the remaining market share of the Bioabsorbable Orthopedic Screws market.
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