Global Bio-absorbable Bone Screw Market
In orthopedics, bone screws are used to fix bone fragments, as well as other purposes, such as bone to bone fixation, soft tissue to bone fixation, and attachment of implants to bone. A bone screw consists of a head, shaft, core, and a thread. The bone screws are usually driven into the cortical bone, cancellous bone, the metaphyseal region of bone, distal humerus, the trochanteric area, and sometimes, in the ankle where the bone is dense.
Bio-absorbable bone screws are automatically absorbed in the body and find wide application in anterior cruciate ligament surgeries. These screws offer certain advantages, as MRI imaging of the bone is possible post-surgery, and it has no long-term interference with its surrounding tissues. Other advantages include eradication of bone screw post-surgery, reduced risk of metal screw-related infections, and lesser amount of stress in the surrounding tissues.
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Global Bio-absorbable Bone Screw Market Drivers
New product launches by key market players are expected to drive the global bio-absorbable bone screw market growth. For instance, in April 2013, Smith & Nephew Plc., a company which develops, designs and sells medical devices worldwide, launched Biosure HA screws. These screws are made of poly-L-lactic acid, with hydroxyapatite (a calcium phosphate similar to a mineral compound of the human bone). Moreover, owing to the new launches, orthopedic patients are provided with a wide range of bio-absorbable products to choose from, and this is expected to contribute to the global market growth.
Increasing orthopedic patient population is anticipated to boost the global bio-absorbable bone screw market growth. In a study conducted by the Indian Orthopedic Research Group, in 2015, it was found that more than 60 million people in India, mostly geriatric, are orthopedic patients. Thus, the growing geriatric population is a major growth driver.
Collaborations between market players to distribute their products on a large scale is another factor contributing to the global market growth. For instance, in 2017, Ortho Pediatrics Corp, a company advancing in the field of pediatric orthopedics, collaborated with Biorectec Ltd. to widen the distribution channel for its line of bio-absorbable bone products.
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On the contrary, high costs of bio-absorbable bone implants and screws, which are not quite affordable for the low- and middle-income groups, and a slow regeneration rate of new ligaments, act as major restraining factors for the global market expansion.
Global Bio-absorbable Bone Screw Market – Regional Analysis
North America is expected to dominate global bio-absorbable bone screw market due to increasing number of orthopedic patients in the region. According to a study conducted by American Academy of Orthopedic Surgery, in 2016, more than 8 million people in U.S. are orthopedic patients. Such increasing number of orthopedic patients are expected to fuel global bio-absorbable bone screw market growth over the forecast period.
The bio-absorbable bone screw market in Europe is expected to witness tremendous growth over the forecast period, with the introduction of new orthopedic products in the market. For instance, in 2017, Smith & Nephew Plc., a company that develops, designs and sells medical devices worldwide, launched Biosure Regenesorb. Biosure Regenesorb is made out of a bio-composite material, which has an open architecture design to allow bone growth. It is used for graft fixation and can be assessed in small areas, which help in graft to bone integration.
According to the latest report, the Asia Pacific bio-absorbable bone screw market would witness rampant growth during the forecast period, owing to the approval of novel products by regulatory bodies in the region. For instance, in April 2018, Advanced Biomedical Technologies Inc., an orthopedic internal fixation devices manufacturer, announced China’s FDA approval for its new polymer orthopedic internal fixation devices, which include bio-absorbable screws. These devices are made of PA6-P (MMA-CO-NVP)-HA polymer and are reinforced by fiber. This approval has thus encouraged the company to manufacture more such products using this polymer.
Global Bio-absorbable Bone Screw Market – Key Players
The key players operating in global bio-absorbable bone screw market include Smith &Nephew Plc., Zimmer Biomet, DePuy Synthes Companies, Stryker Corporation, Bioretec Ltd., and Tornier Inc.
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