Europe Medical Screws and Plates Market Size, Share & Trends Analysis Report By Material (Stainless Steel, Titanium, Nitinol, Others), By End-User (Hospitals and Clinics, Orthopedic Clinics, Ambulatory Surgical Centers), By Type (Upper Extremity, Lower Extremity) and By Country(U.K., Germany, France, Italy, Russia, Nordic, Benelux, Rest of Europe) Forecasts, 2024-2032

Market Overview

The Europe medical screws and plates market share witnessed significant growth in the past and is expected to grow at a CAGR of 7.55% during the forecast period (2022-2030).

Medical screws and plates are used to stabilize fractures in various body areas, including the bones, spine, and pubic region, and to treat minor bone fractures. They fall under the category of internal fixation methods for fractures. They are available in various forms, including cortical screws, cannulated screws, shaft screws, cancellous bone screws, and locking head screws. These products are widely used to treat fractures and other orthopedic conditions affecting the bones and joints.

Market Dynamics

Market drivers

Rising osteoporosis rates

Osteoporosis presents a substantial burden, affecting both individuals and society at large. The annual occurrence of fractures exceeds 8.9 million, indicating a frequency of one fracture every 3 seconds, thereby highlighting its significant impact. Based on data from the International Osteoporosis Foundation, it is estimated that osteoporosis affects around 200 million women worldwide.

According to the Centers for Disease Control and Prevention, a notable proportion of individuals aged 50 and above, specifically 4.2% of men and 18.8% of women, encounter osteoporosis in either the femur neck or lumbar spine. The escalating prevalence of osteoporosis patients has resulted in a growing need for medical screws and plates to facilitate fracture management and repair. Consequently, it is expected that the market for these products will experience increased growth.

Increasing incidences of sports-related injuries

Sports-related injuries, accidents, and falls have emotional and financial consequences for individuals, including treatment expenses and the impact on productivity in cases where disability or death occurs. The automotive industry has experienced significant growth due to increased foreign investments, leading to a rise in the number of vehicles owned by the middle-class population. This overall increase in factors contributing to bone fractures, such as road accidents, falls, and sports injuries, is anticipated to play a substantial role in expanding the medical screws and plates market in the foreseeable future.

Market restraint

Possible challenges in internal bone fixation

The selection of implants that are either too small or too large, insufficient screw fixation, improper contouring of plates, incorrect positioning of plates and screws, and the absence of cancellous bone grafts at the fracture site can lead to complications such as infections, delays in bone healing, and damage to the construct. Failure to adhere to the principles of plate application significantly increases the risk of these complications, which are anticipated to impede the market's growth in the projected period.

Market opportunities

Business opportunities in emerging markets

Emerging economies present significant growth prospects for both existing and new market participants, primarily due to the increasing incidences and prevalence of osteoporosis, a large patient population, expanding healthcare infrastructure, a growing elderly population, and greater awareness of disease diagnosis and treatment. Market players are also actively concentrating on product development, innovation, and technological advancements, which are anticipated to influence market growth and generate substantial demand soon.

Regional Analysis

The Europe medical screws and plates market is segmented by country: Germany, France, the UK, Italy, Spain, and the Rest of Europe. Germany dominated the market with a CAGR of 8.09% during the forecast period.

The Europe medical screws and plates market is analyzed on a regional level, considering various factors. Countries such as Germany, France, and the United Kingdom emerged as key players, driven by advancements in healthcare infrastructure, the rising prevalence of orthopedic conditions, an increasing geriatric population, and a growing demand for minimally invasive surgeries. Market trends, competition, and regulatory landscape are also assessed to provide a comprehensive regional analysis.

Segmental Analysis

The Europe medical screws and plates market is segmented into materials, types, and end-users.

It is further segmented by material into stainless steel, titanium, nitinol, and others.

Stainless steel dominated the market and is expected to register a CAGR of 7.66% over the forecast period. Stainless Steel (e.g., 316L) is one of the most popular biomaterials for bone plates due to its high biomechanical properties ('E' = 200 20 GPa, ductility, etc.), corrosion resistance, bio inertness, and cost-effectiveness relative to other biocompatible metals.

By type, it is further segmented into upper extremity and lower extremity.

Lower extremity dominated the market and is expected to register a CAGR of 7.03% over the forecast period. Plates, screws, and nails are frequently called internal fixation medical apparatus. These are commonly used for fractures because they hold the fractured bone together and provide support and stabilization. As the most common surgical procedure globally, screws and plates account for a substantial revenue share.

It is further segmented into hospitals and clinics, orthopedic clinics, and ambulatory surgical centers based on end-users.

Hospitals and clinics dominated the market and are expected to register a CAGR of 7.66% over the forecast period. A hospital is a hub for first-line medical attention, with highly trained doctors and nurses on hand to provide specialized care. Additionally, there has been an increase in hospitals throughout the world. The availability of cutting-edge surgical equipment and a sterile operating environment facilitates hospital product adoption.

Recent Developments

• June 2021– DePuy Synthes launched a 2.7mm variable angle locking compression plate that would help better treat collarbone problems. This new system provides various sizes and shapes that reflect the patient’s stature and clavicle size to accommodate the anatomic variability.
• 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 get more market revenue by the end of 2022. It will also help to innovate and research the medical screws and plates related to upper extremities.