Orthopedic Plates & Screws Market by Type (Plates, Screws), Material (Bio-absorbable, Polymers, Stainless Steel), Application, End-User - Global Forecast 2024-2030

Orthopedic Plates & Screws Market by Type (Plates, Screws), Material (Bio-absorbable, Polymers, Stainless Steel), Application, End-User - Global Forecast 2024-2030

The Orthopedic Plates & Screws Market size was estimated at USD 18.81 billion in 2023 and expected to reach USD 21.04 billion in 2024, at a CAGR 12.26% to reach USD 42.28 billion by 2030.

Global Orthopedic Plates & Screws MarketOrthopedic plates and screws are used in orthopedic surgeries to stabilize and support bones that have been fractured or broken and to correct deformities or defects in bone structure. The orthopedic plates and screws are generally made of metal, such as titanium or stainless steel, in various shapes and sizes to fit different bones and surgical procedures. During surgery, the orthopedic plate is attached to the bone using screws to secure it to the bone, holding it in place until it is healed and can support itself. The increasing number of surgical procedures such as fracture repair, joint reconstruction, and spinal fusion is raising the need for orthopedic plates and screws to stabilize the bone and promote healing, reducing pain and improving mobility. However, risks associated with their use, such as infection, nerve damage, and implant failure, hamper the usage of orthopedic plates and screws. Introducing biodegradable bone plates and screws is expected to provide opportunities for the growth of the orthopedic plates and screws market.

Regional Insights

The Americas orthopedic screws & plates market is highly developing owing to the technological advancement in medical implants, rising incidence of chronic diseases such as arthritis in the country, well-established insurance policies, and the availability of advanced healthcare infrastructure. In 2021, as per the U.S. Bureau of Statistics, the total number of orthopedic surgeons in the United States was 16260. The ongoing innovation to introduce bio-based orthopedic plates & screws is expected to benefit the market growth in the Americas. Moreover, the rising consumer expenditures in medical tourism toward European economies, including Turkey, Spain, the United Kingdom, and Israel, have propelled the usage of orthopedic plates & screws. The Asian economies are more focused on regional medical equipment manufacturing with supportive government initiatives to introduce cost-efficient orthopedic plates & screws in the Asia-Pacific region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Orthopedic Plates & Screws Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Orthopedic Plates & Screws Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Orthopedic Plates & Screws Market, highlighting leading vendors and their innovative profiles. These include Acumed LLC, Advanced Orthopaedic Solutions, Anika Therapeutics Inc., Arthrex, Inc., Austeofix Surgical Pvt. Ltd., B. Braun SE, Conventus Orthopedics, Inc. by Conventus Orthopaedics, Inc., DJO, LLC by Enovis, Exactech, Inc., Extremity Medical, LLC, Genius Ortho Pvt. Ltd., Globus Medical, Image Ortho Surgical, Integra LifeSciences Corporation, Jayon Implants Pvt. Ltd., Jiangsu Jinlu Group Medical Apparatus Co., Ltd., Johnson & Johnson Services, Inc., Kaushik Orthopaedic Pvt. Ltd., Kazon India Pvt. Ltd., Lepu Medical Technology (Beijing) Co., Ltd., Matrix Meditec Private Limited, Medacta International, Medtronic PLC, NRV OrthoTech Pvt. Ltd., Orthofix International by SeaSpine Holdings Corporation, Paragon 28, Inc., Shagun Cares Inc., Siora Surgicals Pvt. Ltd., Smith & Nephew Pty Ltd., SMPL Smit Medimed Pvt. Ltd., Stryker Corporation, TechnoShine Vie Pvt. Ltd., Vishal Surgitech Pvt. Ltd., and Zimmer Biomet Holdings, Inc..

Market Segmentation & Coverage

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

Type
Plates
Based on Function
Bridging plates
Buttress Plates
Neutralization Plates
Reconstruction plates
Tension Plates
Tubular plates
Based on Structure
Dynamic Compression Plate
Limited Contact Dynamic Compression plate
Locking Compression Plate
Screws
Cancellous Screws
Cannulated Screws
Cortical Screws
Material
Bio-absorbable
Polymers
Stainless Steel
Titanium
Application
Corrective Surgeries
Elbow Replacement
Foot & Ankle Surgeries
Joint Reconstruction
Shoulder Replacement
Spinal Fusion
Wrist Replacement
End-User
Ambulatory Surgery Centers
Hospitals
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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Orthopedic Plates & Screws Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Orthopedic Plates & Screws Market?
3. What are the technology trends and regulatory frameworks in the Orthopedic Plates & Screws Market?
4. What is the market share of the leading vendors in the Orthopedic Plates & Screws Market?
5. Which modes and strategic moves are suitable for entering the Orthopedic Plates & Screws Market?

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