Bioabsorbable Orthopedic Screws Market Size: Market Outlook and Market Forecast (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 13.4% (CAGR 2024 - 2031).

This entire report is of 110 pages.

Bioabsorbable Orthopedic Screws Introduction and its Market Analysis

The global Bioabsorbable Orthopedic Screws market is expected to witness significant growth due to increasing prevalence of orthopedic injuries and advancements in technology. The market is dominated by key players such as Inion Oy, Auxein Medical, , and others, who are constantly innovating to capitalize on the growing demand for bioabsorbable orthopedic screws. Factors driving revenue growth include rising geriatric population, increasing sports-related injuries, and growing awareness about the benefits of bioabsorbable implants. The report highlights the market trends, key players, market size, and growth potential, providing valuable insights for stakeholders. Recommendations include focusing on R&D investments and strategic partnerships to drive growth.

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The global Bioabsorbable Orthopedic Screws market is witnessing significant growth, with Poly L-lactic Acid (PLLA) and Magnesium-Based Alloys being the most widely used types. These screws are commonly used in orthopedic surgeries for adults and children for various applications.

Regulatory and legal factors play a crucial role in shaping the market conditions for Bioabsorbable Orthopedic Screws. Stringent regulations ensure the safety and efficacy of these devices, thus driving market growth. Additionally, the rising prevalence of orthopedic disorders and injuries among the aging population has increased the demand for bioabsorbable orthopedic screws, leading to market expansion.

As technology continues to advance and manufacturers develop innovative products, the Bioabsorbable Orthopedic Screws market is expected to witness further growth in the coming years. With increasing awareness about the benefits of bioabsorbable screws over traditional metallic implants, the market is projected to experience continued growth and expansion.

Top Featured Companies Dominating the Global Bioabsorbable Orthopedic Screws Market

The global bioabsorbable orthopedic screws market is highly competitive with the presence of several key players. These companies are investing in research and development activities to introduce innovative products and expand their product portfolios. Some of the leading companies operating in the bioabsorbable orthopedic screws 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 leverage bioabsorbable orthopedic screws in various orthopedic procedures such as fracture fixation, joint reconstruction, and sports medicine. The use of bioabsorbable orthopedic screws eliminates the need for a second surgery to remove the screws and reduces the risk of infection. This factor contributes to the growing adoption of bioabsorbable orthopedic screws in the healthcare industry.

Some of these companies have reported significant sales revenue from their bioabsorbable orthopedic screws segment. For instance, Smith & Nephew reported a revenue of over $4.6 billion in 2020, with a substantial contribution from its orthopedic division. Similarly, Depuy Synthes, a subsidiary of Johnson & Johnson, reported a revenue of over $8.8 billion in 2020, with a significant portion coming from orthopedic products.

Overall, the involvement of these key players in the bioabsorbable orthopedic screws market is driving the growth of the market by introducing advanced and innovative solutions to address the evolving needs of patients and healthcare providers. Their focus on research and development, strategic partnerships, and product launches contributes to the expansion of the bioabsorbable orthopedic screws market globally.

• 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

Poly L-lactic Acid (PLLA) screws have good biocompatibility and are gradually resorbed by the body, reducing the risk of infection and the need for removal. Magnesium-based alloy screws can degrade over time into biocompatible byproducts, promoting bone healing. Other bioabsorbable screws made from materials like polyglycolic acid offer similar benefits. The increasing prevalence of orthopedic injuries, growing demand for minimally invasive surgeries, and advancements in bioabsorbable technology are driving the demand for bioabsorbable orthopedic screws in the market. The availability of various options for surgeons to choose from is further boosting the growth of the 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 the fixation of various bone fractures and injuries. In adults, these screws are commonly used for applications such as fracture fixation, ligament repair, and joint reconstruction. In children, they are often used for growth plate fractures and epiphyseal injuries. The fastest growing application segment in terms of revenue is in adult joint reconstruction surgeries, particularly in the field of arthroscopic procedures for conditions such as ligament tears and cartilage damage. Bioabsorbable orthopedic screws provide temporary stability while gradually being absorbed by the body, eliminating the need for removal surgery.

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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 expected to witness significant growth in North America, particularly in the United States and Canada, as well as in European countries such as Germany, France, the ., Italy, and Russia. In the Asia-Pacific region, countries like China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are projected to drive market growth. Latin American nations including Mexico, Brazil, Argentina, and Colombia are also expected to contribute to market expansion. In the Middle East & Africa, Turkey, Saudi Arabia, UAE, and Korea are likely to see growth in the bioabsorbable orthopedic screws market.

North America and Europe are expected to dominate the market, with a projected market share percentage valuation of over 50%. The Asia-Pacific region is expected to see substantial growth, with a significant share of the market expected to grow in the coming years. Latin America and the Middle East & Africa regions are also anticipated to contribute to the market growth, with a smaller market share compared to North America and Europe.

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