The United Kingdom medical screws and plates market share witnessed significant growth in the past and is expected to grow at a CAGR of 7.98% 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.
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
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.
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.
Emerging economies offer considerable growth opportunities for both established and new entrants in the market. This is mainly attributed to factors such as the rising prevalence of osteoporosis, a large and growing patient population, expanding healthcare infrastructure, an increasing elderly population, and improved disease diagnosis and treatment awareness. Moreover, market participants actively focus on product development, innovation, and technological advancements, which are expected to drive market growth and create significant demand soon.
The United Kingdom's medical screws and plates market is analyzed on a regional level, considering market size, growth potential, and key players. Regions like London, Manchester, and Birmingham have emerged as significant contributors, driven by advancements in healthcare infrastructure, a rising aging population, and increasing cases of orthopedic surgeries.
The United Kingdom 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 8.09% 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 7.45% 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 8.09% 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.