The Middle East and Africa medical screws and plates market share witnessed significant growth in the past and is expected to grow at a CAGR of 5.64% during the forecast period (2022-2030).
Bone, spinal, and pubic bone fractures, as well as minor fractures, can all be stabilized with the help of medical screws and plates. Cortical screws, cannulated screws, shaft screws, cancellous bone screws, locking head screws, and many more belong to the larger group of internal fracture-fixing techniques. Orthopedic diseases affecting the bones and joints are common reasons for using these products.
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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.
Choosing implants that are either too small or too large, inadequate screw fixation, improper shaping of plates, incorrect placement of plates and screws, and the lack of cancellous bone grafts at the fracture site can result in complications like infections, delayed bone healing, and damage to the construct. Failing to follow proper plate application principles significantly raises the risk of these complications, which are expected to hinder the market's growth in the projected period.
Emerging economies offer promising growth opportunities for established and new market players. This is primarily driven by factors such as a rising prevalence of osteoporosis, a sizable patient population, expanding healthcare infrastructure, a growing elderly demographic, and improved disease diagnosis and treatment awareness. Furthermore, market participants are actively focused on product development, innovation, and technological advancements, which are expected to impact market growth and drive significant demand soon positively.
The Middle East and Africa medical screws and plates market is segmented by country: the Middle East and Africa. The Middle East dominated the market with a CAGR of 8.09% during the forecast period.
The Middle East and Africa medical screws and plates market is analyzed on a regional level, considering market size, growth potential, and key players. Countries like Saudi Arabia, UAE, and South Africa are prominent contributors, driven by increasing healthcare investments, rising orthopedic procedures, and advancements in medical technology.
The Middle East and Africa medical screws and plates market is segmented into material, 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 5.91% over the forecast period. Due to its high biomechanical properties ('E' = 200 20 GPa, ductility, etc.), corrosion resistance, bio inertness, and cost-effectiveness compared to other biocompatible metals, Stainless Steel (e.g., 316L) is one of the most preferred biomaterials for bone plates.
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 5.10% over the forecast period. Internal fixation medical equipment is what you may call things like metal plates, screws, and nails. They are frequently employed during fracture treatment because of their ability to stabilize and support a shattered bone. As the most common type of surgery performed worldwide, procedures using screws and plates generate a large chunk of income.
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 5.74% over the forecast period. A hospital is a center for primary health care, providing specialized treatment services administered by trained medical personnel. In addition, the number of hospitals is increasing worldwide. In hospitals, the presence of advanced apparatus and a secure environment for surgical procedures facilitates the use of products.