Conventional Hip Screws Market by Type (Cannulated Screws, Compression Screws, Dynamic Hip Screws), Material (Alloy, Titanium), End-Use - Global Forecast 2024-2030

Conventional Hip Screws Market by Type (Cannulated Screws, Compression Screws, Dynamic Hip Screws), Material (Alloy, Titanium), End-Use - Global Forecast 2024-2030

The Conventional Hip Screws Market size was estimated at USD 399.39 million in 2023 and expected to reach USD 421.32 million in 2024, at a CAGR 5.68% to reach USD 588.01 million by 2030.

A conventional hip screw is an orthopedic implant used to stabilize fractures of the hip, particularly in the femoral neck or intertrochanteric region. It consists of a large screw inserted into the femur, anchored to a metal plate along the femoral shaft, to maintain bone alignment and promote healing. The increasing prevalence of hip fractures, particularly among the aging population, is raising the need for effective treatment options, including conventional hip screws. The growing number of orthopedic surgeries, driven by rising incidences of osteoporosis and trauma cases, further boosts the market. The high cost of surgical procedures and implants limits the market's growth. The rising development of more advanced, cost-effective hip screw designs and materials is expected to create opportunities for market growth. Moreover, the expanding healthcare infrastructure in emerging markets provides a substantial growth opportunity for manufacturers aiming to meet the rising demand for orthopedic treatments.

Regional Insights

In North America, the market is well-established, driven by a high incidence of hip fractures among the elderly population, advanced healthcare infrastructure, and the strong presence of major orthopedic device manufacturers. Government healthcare programs and high healthcare expenditure further support the market's growth in this region. South America's market is expanding due to improving healthcare infrastructure and increasing awareness of orthopedic treatments. Countries such as Brazil and Argentina are experiencing a rise in healthcare investments and economic development, which enhances the accessibility and adoption of advanced medical devices. In the Asia-Pacific (APAC) region, the market is experiencing rapid expansion due to increasing awareness of orthopedic treatments, rising healthcare investments, and improving healthcare infrastructure in countries such as China, India, and Japan. The large aging population and a growing number of trauma cases due to accidents also contribute to the rising need for conventional hip screws. In Europe, the market benefits from advanced healthcare systems, high adoption of innovative medical devices, and significant R&D activities by key players. The Middle East shows potential growth driven by improving healthcare infrastructure and rising healthcare spending. However, the market in Africa is still developing, constrained by limited access to healthcare services and economic challenges. However,, efforts to enhance healthcare infrastructure and international support can create future growth opportunities for conventional hip screws in this region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Conventional Hip Screws Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing prevalence of hip fractures worldwide
Rising number of orthopedic surgeries with rising incidences of osteoporosis and trauma cases

Market Restraints

High cost of surgical procedures and implants

Market Opportunities

Rising development of advanced and cost-effective hip screw designs and materials
Significant growth in 3D printing to fill the need for patient-specific products

Market Challenges

Availability of alternatives for conventional screws

Market Segmentation Analysis

Type: Growing usage of cannulated screws in minimally invasive surgeries
End-Use: Increasing need for conventional hip screws across hospitals to support varied and high-volume procedures

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Conventional Hip Screws Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Conventional Hip Screws Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Johnson & Johnson MedTech's DePuy Synthes Gains FDA Clearance for Advanced Spinal Surgery Solutions

Johnson & Johnson MedTech received FDA 510(k) clearances for the TriALTIS Spine System and TriALTIS Navigation Enabled Instruments. The TriALTIS Spine System, a cutting-edge posterior thoracolumbar pedicle screw system, features a broad range of implants and advanced tools designed for seamless integration with modern technology. Meanwhile, the TriALTIS Navigation Enabled Instruments, including drills, taps, and screwdrivers, can be used both manually and with power, accommodating both navigated and non-navigated surgical procedures.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Conventional Hip Screws Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Conventional Hip Screws Market, highlighting leading vendors and their innovative profiles. These include Acumed LLC, Altius Healthcare Ltd., Arthrex, Inc., B. Braun Melsungen AG, BioTek Instruments, Inc., CONMED Corporation, DJO Global, Inc., Exactech, Inc., FH Orthopedics, Globus Medical, Inc., Integra LifeSciences Corporation, KLS Martin Group, Life Spine, Inc., Limacorporate S.p.A., Medtronic plc, MicroPort Scientific Corporation, NuVasive, Inc., Orthofix Medical Inc., Smith & Nephew plc, Stryker Corporation, Waston Medical Corporation, Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc..

Market Segmentation & Coverage

This research report categorizes the Conventional Hip Screws Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Cannulated Screws
Compression Screws
Dynamic Hip Screws
Material
Alloy
Titanium
End-Use
Hospitals
Specialty Clinics
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year