Bone Screw System Market is valued approximately USD 1.1 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.4 % over the forecast period 2021-2027.
Bone screw is a metal implant inserted into the bone. Screws are used to fix fractured bone segments to aid in the healing process, and as an adjunct to spine fusion surgery to help hold implants in place. Growing prevalence of Musculoskeletal Disorders and increasing orthopedic diseases are key drivers for the growth of Bone Screw System market. For instance, according to as of 2020- versus arthritis organization, UK-In UK 20.3 million people (almost one third or 32% of the population) have a musculoskeletal (MSK) condition such as arthritis or back pain. Approximately 11.6 million women (35% of women have a MSK condition) and 8.7 million men (28% of men) have a MSK condition.
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Also, as per, World Health Organization (WHO) – as of 2021, every year approximately 1.3 million people lost their lives in road crash and between 20 and 50 million more people suffer non-fatal injuries, and many incur a permanent disability because of major injuries. Further, 93% of the world’s fatalities on the roads occur in low- and middle-income countries. Also, with the rising aging population globally and technological advancements in orthopedic treatment, the adoption & demand for Bone Screw System is likely to increase the market growth during the forecast period. However, negative impact of covid 19 on hospital industry impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Bone Screw System market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rising frequency of orthopedic patients and road accidents in the region. Whereas, Europe is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as increasing prevalence of orthopedic disease among aging population would create lucrative growth prospects for the Bone Screw System market across Asia-Pacific region.
Major market player included in this report are:
ORTHOFIX INTERNATIONAL N.V
Smith & Nephew
Wright Medical Group N.V
ZIMMER BIOMET HOLDINGS, INC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Material Type:
Stainless-Steel Bone Screw System
Titanium Screw Bone Screw System
Bio-absorbable Screw Bone Screw System
Lower Extremity Bone Screw System
Upper Extremity Bone Screw System
Spinal Bone Screw System
Other Bone Screw Systems
By End Use Industries:
Bone Screw System for Hospitals
Bone Screw System for Clinics
Bone Screw System for Ambulatory Surgical Centers
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Bone Screw System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2030 are viewed as the forecast period.
In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Healthcare Market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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What are the aspects of this report that relate to regional analysis?
- The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
- The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
- Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
- How are the key players in the market assessed?
- This report provides a comprehensive analysis of leading competitors in the market.
- The report includes information about the key vendors in the market.
- The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
- The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
- A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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