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Medical Screws and Plates Market

Medical Screws and Plates Market: Information by Type (Stainless Steel, Titanium), Material (Hospitals and Clinics), End-User (Upper Extremity), and Region — Forecast till 2030

Published At : 30 Mar, 2022
Updated At : 30 Mar, 2022
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Market Snapshot
Base Year:
2021
Study Period:
2019-2030
CAGR:
6.70 %
Fastest Growing Market:
Europe
Largest Market:
North America

Medical screws and plates are pieces of medical equipment used to stabilize fractures in the bones, spine, pubic, and other tiny bone fractures. Under internal fixation for the fracture, these screws are classified into several varieties, including cortical screws, cannulated screws, shaft screws, cancellous bone screws, locking head screws, and others. These products are widely used to treat fractures and other bone and joint-related orthopedic impairments. The global medical screws and plates market is divided on the basis of type, material, end-user, and geography.

The global medical screws and plates market is expected to grow at a CAGR of 6.70% during the forecast period (2020–2030).

Rise in Injuries and Accidents to Increase Demand for Medical Screws and Plates 

The rising number of accidents and sports injuries worldwide has increased the demand for medical screws and plates. Over 1.3 million people die due to highway accidents globally every year, directly influencing the market growth. Furthermore, according to the National Safety Council (NSC), in 2019, activities with or without equipment contributed to about 468,000 injuries in the sports and leisure category. Bicycling came in second with over 417,000 injuries, followed by basketball and football with approximately 404,000 and 292,000 injuries, respectively.

According to the Johns Hopkins Organization, nearly 3.5 million children aged 14 and under are injured in the United States while participating in sports or leisure activities. Furthermore, from 2016 to 2017, around 60,000 people were hospitalized due to sports injuries in Australia.

Fractures caused by falls are more common among the elderly. According to the Public Health Outcomes Framework (PHOF), from 2017 to 2018, about 220,160 emergency hospital admissions were attributable to falls among older individuals aged 65 and over in the United Kingdom.

During the forecast period, the general rise in the causes of bone fractures due to car accidents, falls, and sports injuries are predicted to boost the growth of the medical screws and plates market.

Complications during Internal Bone Fixation to Hinder Market Growth

Infections, consolidation delays, and build damage occur due to small or large implant selection, insufficient screw fixation, and improper plate contouring—misalignment of plates or screws and failure to employ cancellous bone grafts at the fracture location. Violation of plate application guidelines is a primary risk factor for these issues, projected to impede the medical screws and plates market expansion over the forecast period.

Developing Countries to Present New Opportunities for the Market

Developing markets, including India, China, Brazil, South Korea, and Mexico, provide tremendous opportunities for the medical screws and plates market growth to both existing and new market participants. It is primarily due to the rising incidence of osteoporosis, a large patient population, expanded healthcare infrastructure, a growing aging population, and improved awareness about disease diagnosis and treatment.

Regulatory policies in Asia-Pacific are more adaptive and business-friendly than in developed countries. Due to rising rivalry in established regions, major medical plates and screws market players have turned their focus towards emerging markets. Medtronic Plc, a worldwide leader in medical technology, has created R&D facilities in emerging countries such as South Korea to strengthen its product development capabilities and footprint in the Asia-Pacific region.

In addition, market participants are focused on product creation, innovation, and technological improvement. As a result, this is expected to propel market growth and create considerable demand for medical screws and plates.

Impact of COVID-19

The COVID-19 pandemic began in Wuhan, Hubei Province, China, in December 2019. In March 2020, the World Health Organization (WHO) declared a public health emergency and placed the world on high alert. The pandemic has had a massive influence on the economy globally. Furthermore, the subsequent impact on enterprises, individuals, and governments and the efforts made to address the crisis have substantially influenced financial markets, global economies, and public demand for these products.

Several elective operations were canceled due to the COVID-19 pandemic, and available resources were transferred to COVID-19 emergencies. The world was forced to implement social distancing and the use of personal protective equipment (PPE) as a preventative step.

The orthopedic department was significantly impacted by increased postponed elective and surgical treatments that required extensive resources. Joint replacement procedures, in particular, were canceled, and orthopedic specialties were converted to COVID-19 facilities across the world. The Orthopaedic Trauma Association suggested that fracture fixing techniques be conducted as outpatient surgery.

Market Recovery Timeline and its Challenges

Many orthopedic specialties are experiencing liquidity issues. There are significant disruptions in commodity demand across many end-use sectors, with the global supply chain disrupted and the manufacturer's hierarchy altered. The global medical device business is experiencing an overstock due to a lack of demand. Movement restrictions have an immediate and direct influence on the market, and conditions are projected to improve with ease in restrictions.

Another issue is that global health services cannot treat medical diseases other than COVID-19, necessitating a transition from a patient-centered to a community-centered strategy.

Segmental Analysis of Global Medical Screws and Plates Market

Medical screws and plates require limited material for their production. As a result, the market is divided into stainless steel, titanium, nitinol, and other material segments. Others include alloys, composites, polymers, and so on, which are becoming more popular.

Internal fixation is frequently achieved using orthopedic medical implants such as screws and plates. As a result, these are built of metals or biocompatible materials that are robust, durable, and compatible, preventing allergic reactions. The bio-functionality and biocompatibility features of the device impact its performance in the human body. Due to its strong biomechanical properties, corrosion resistance, bio inertness, and cost-effectiveness over other biocompatible metals, stainless steel is one of the most used biomaterials for bone plates.

To allow for a more in-depth examination of the items, the type segment is divided into upper and lower extremities. Medical-grade screws, plates, and accessories such as wires, pins, intramedullary rods, and nails are available. These goods are divided into two categories based on their upper and lower body application. Internal fixation medical equipment includes metal plates, screws, and nails, and these are widely used during fractures to stabilize and support the damaged bone. Screws and plates generate a significant revenue share, the most common surgical treatment worldwide.

The global medical screws and plates market comprises three end-user segments: hospitals, orthopedic clinics, and ambulatory surgery centers. The hospital segment is predicted to grow at the fastest CAGR of 6.85% during the forecast period. A hospital is a primary healthcare facility that provides specialized treatment services by highly trained medical personnel. Furthermore, the number of hospitals is increasing globally. According to the American Hospital Association (AHA), around 6,146 hospitals were accessible in the United States in 2019. Innovative surgical equipment and a safe environment to execute surgical procedures facilitate product utilization in hospitals.

Regional Analysis of Global Medical Screws and Plates Market

Significant Growth in North America and Europe

The global medical plates and screws market has been divided on the basis of geographical regions to comprehend better and analyze the product's global reach. The market is divided into five regions: the Americas, Europe, Asia-Pacific, and the Middle East and Africa.

North America is predicted to account for the largest revenue share of the global medical plates and screws market. It can be attributed to an increase in orthopedic surgical procedures, osteosynthesis devices such as bone plates and screws, increased awareness programs by top-tier professionals, maximum reimbursement coverage, higher-quality care, the presence of key manufacturers, and sophisticated healthcare infrastructure.

According to our findings, the most significant driver in the regional market is the prevalence of osteoporosis. According to the National Osteoporosis Foundation, approximately 10 million people in the United States have osteoporosis, and 44 million have low bone density, which increases the risk of breaking a bone. According to the Osteoporosis Foundation Canada, osteoporosis is responsible for 70–90% of the 30,000 hip fractures in Canada.

Owing to increased awareness among individuals regarding osteoporosis and its treatment, the Europe market is predicted to present lucrative opportunities, rising at a significant CAGR over the forecast period.

Osteoporosis and traffic accidents are critical contributors to Europe medical screws and plates market revenue growth. According to the National Health Service, England has the highest fracture rate in Europe. It went on to say that osteoporosis affects nearly 3 million people in the United Kingdom.

Competitive Players in the Global Medical Screws and Plates Market

Some of the key players in the global medical screws and plates market are Stryker Corporation, DePuy Synthes, B Braun Melsugen AG, Globus Medical Inc., Zimmer Biomet Holdings Inc., Nuvasive Inc., Smith and Nephew PLC, and Flower Orthopedics, among others

Recent Developments by the Key Players:

  • 9th June 2021 – DePuy Synthes launched a 2.7mm variable angle locking compression plate that would help to give better treatment to collarbone problems. This new system provides various sizes and shapes that reflect the patient's stature and clavicle size to accommodate the anatomic variability.
  • 30th November 2020 – Nuvasive Inc. launched a product names C360 that would transform spine technology innovation. It is the thinnest plate on the market that would add to Anterior Cervical Plating (ACP) System.
  • 4th January 2021 – Smith and Nephew PLC announced its acquisition agreement with Integra Life Sciences Corporation to develop products in the upper extremities. It would help Smith and Nephew to get more revenue from the market by the end of 2022. It will also help to innovate and research the medical screws and plates related to upper extremities
  • 19th January 2021 – DJO Global Inc acquired Trilliant Surgical to develop foot and ankle implantation. Through this, DJO Global Inc would get innovative technologies and clinical efficacy to expand news brands that will cover the foot reconstruction or fixation procedure.
  • 13th February 2019 – Flower Orthopedics announced two additional medical screws in the ready-for-surgery product pipeline, such as the flower jones screw system and the 6.5mm headless compression screw system. It would help in sterile ready-for-surgery instrumentation, efficiency, and inventory minimization.

Global Medical Screws and Plates Market: Segmentation

By Material

  • Stainless Steel
  • Titanium
  • Nitinol
  • Others

By End-User

  • Hospitals and Clinics
  • Orthopedic Clinics
  • Ambulatory Surgical Centers

By Type

  • Upper Extremity
  • Lower Extremity

By Region

  • Americas
  • Europe
  • Asia-Pacific
  • The Middle East and Africa

Frequently Asked Questions (FAQs)

The hospital Segment is expected to be the leading segment in Medical Screws and Plates Market during the forecast period.
The global medical screws and plates market is expected to grow at a CAGR of 6.70% during the forecast period (2020–2030).
Stryker Corporation, DePuy Synthes, B Braun Melsugen AG, Globus Medical Inc., Zimmer Biomet Holdings Inc., Nuvasive Inc. are the top players in Medical Screws and Plates Market.
North America is expected to hold the highest market share in Medical Screws and Plates Market.
The rising number of accidents and sports injuries worldwide, an increase in orthopedic surgical procedures are the key factors expected to drive Medical Screws and Plates Market during the forecast period.
The global Medical Screws and Plates Market will be estimated to grow from the years 2020 to 2030.
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Report Metric Details
Market Size USD in Billion By 2030
CAGR CAGR 6.7%
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered by Type (Stainless Steel, Titanium), Material (Hospitals and Clinics), End-User (Upper Extremity)
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Stryker Corporation, DePuy Synthes, B Braun Melsugen AG, Globus Medical Inc., Zimmer Biomet Holdings Inc., Nuvasive Inc., Smith and Nephew PLC, and Flower Orthopedics
Key Market Opportunities High Demand In Medical Devices Sector Is Pushing Medical Screws And Plates Market
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