What is Compression Bone Screws Market?
A compression bone screw is used to produce compression in bones which is required to mend a bone injury. The structure of these screws is just like a normal screw, consisting of a head and the body. These screws convert all the forces that arise out of bone movement into compression and distribute this compression evenly throughout the surface of injured bones. These screws are made of various materials including stainless steel, titanium and polylactic acid. Compression bone screws can be named after the type of bones in which they are inserted and are mainly two types including cortical bones and cancellous bones.
The market study is being classified by Type (Cannulated, Headless, Break-off and Absorbable), by Application (Cortical Bones and Cancellous Bones) and major geographies with country level break-up.
Stryker (United States), Surgival (Spain), Bioretec (Finland), Depuy Synthes (United States), Dieter Marquardt Medizintechnik (Germany), Altimed (United Kingdom), Arthrex (United States), Beijing Libeier Bio-engineering Institute (China), Biomet (United States), FH Orthopedics (France), Global D (France), Groupe Lepine (France), I.T.S. (Austria), Intromed Medizintechnik (Germany), Jeil Medical Corporation (Korea), KLS Martin Group (Germany), Medimetal (Hungary), MIKAI (Italy), Neosteo (France), ODI North America (United States) and ORTHO CARE (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Ortho Solutions (United Kingdom), SOFEMED International (Tunisia), Stars Medical Devices (China), TAEYEON Medical (Korea), Treu Instrumente (Germany), TST R. Medical Devices (Turkey) and Wright Medical Technology (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Compression Bone Screws market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Compression Bone Screws market by Type, Application and Region.
On the basis of geography, the market of Compression Bone Screws has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Number of Patients with Bone Injuries
- High Demand for Bio-absorbable Compression Bone Screws
- Increased Number of Hospitals and Diagnostic Centres
Market Trend
- Technological Advancements in The Medical Science
- Increased Number of Surgeries Performed Worldwide
Restraints
- Complications Associated with Compression Bone Screws
Opportunities
- Huge Investments by Major Players
Challenges
- Stringent Government Rules and Regulations
In October 2020, OSSIO, Inc., an orthopedic fixation technology company, has announced that its OSSIOfiber Compression Screw Portfolio has received 510(k) market clearance from the U.S. Food and Drug Administration (FDA) for maintenance of alignment and fixation of bone fractures, comminuted fractures, fragments, osteotomies, arthrodesis and bone grafts of the upper extremity, fibula, knee, ankle and foot in the presence of appropriate brace and/or immobilization.
Key Target Audience
Compression Bone Screws Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users