The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Orthopedic Screws Global Market Report 2024, the orthopedic screws market is expected to show promising growth in the forecast period.

• Rising Road Accident Incidences:
  • Increased road accidents globally, leading to injuries requiring orthopedic implant surgeries.
  • Example: US-based statistics from the Insurance Institute for Highway Safety.
• Market Players:
  • Major companies like Johnson and Johnson, Medtronic PLC, and Stryker Corporation dominate the market.
  • Diverse range of competitors contributing to market growth.

Orthopedic Screw Market Embracing Bioresorbable Implants For Enhanced Recovery And Reduced Invasiveness

• Innovative Solutions:
  • Focus on sustainable and innovative products, like bioresorbable implants, for competitive edge.
  • Example: Bioretec Inc.’s bioresorbable trauma screw approved by the FDA.

View More On The Orthopedic Screws Market Report 2024 – https://www.thebusinessresearchcompany.com/report/orthopedic-screws-global-market-report

Shalby Hospitals Expands Orthopedic Capabilities With Acquisition Of Consensus Orthopedics Inc

• Strategic Acquisition:
  • Shalby Hospitals’ acquisition of Consensus Orthopedics Inc. for $11.45 million.
  • Acquisition includes manufacturing plant and equipment for orthopedic implants.

Market Segmentation and Regional Analysis

• Segmentation Overview:
  • Types: Upper Extremity, Lower Extremity.
  • Materials: Stainless Steel, Titanium, Bioabsorbable.
  • Applications: Hospitals, Ambulatory Surgical Centers, Others.
  • End Users: Pediatrics, Adults, Geriatrics.
• Regional Dominance:
  • North America leads the market in 2023, with significant contributions to overall market growth.

Future Trends and Forecast

• Projected Growth:
  • Market size expected to reach $1.54 billion in 2028, with a CAGR of 5.1%.
  • Factors contributing to growth include minimally invasive surgeries and global orthopedic procedure increases.
• Major Trends:
  • Regulatory compliance and standardization.
  • Global market expansion.
  • Collaborations and partnerships.
  • Orthopedic tourism.
  • Emphasis on environmentally sustainable practices.

The orthopedic screws market has witnessed robust growth, driven by various factors such as increasing awareness, aging populations, and a surge in orthopedic procedures. With innovations like bioresorbable implants and strategic acquisitions, the market is poised for further expansion. As trends like regulatory compliance and global market expansion shape the industry’s landscape, stakeholders must adapt to meet evolving patient needs and market demands. With a promising outlook, the orthopedic screws market continues to be a crucial sector within the broader healthcare industry.

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