PUBLISHER: DataM Intelligence | PRODUCT CODE: 1678782
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1678782
The global orthopedic plates & screws market reached US$ 6.6 billion in 2024 and is expected to reach US$ 10.15 billion by 2033, growing at a CAGR of 4.7% during the forecast period 2025-2033.
Orthopedic plates are flat, rigid devices used to stabilize and align bones during the healing process after fractures or surgeries. These plates are typically attached to the bone with screws and can vary in shape and size, depending on the type of fracture and the bone involved.
Orthopedic screws are specialized screws used to hold bones together or to secure orthopedic plates. They come in various sizes and types, designed to match the specific needs of a bone or fracture type. Common materials for screws include titanium, stainless steel, and biocompatible alloys.
Market Dynamics: Drivers & Restraints
Rising Prevalence of Orthopedic Conditions
The rising prevalence of orthopedic conditions, such as fractures, osteoporosis, and degenerative bone diseases, is driving significant growth in the orthopedic plates and screws market. The incidence of orthopedic conditions increases with the rising geriatric population. Conditions like bone fractures and joint instability increasing among elderly individuals, leading to a higher demand for surgical interventions that require internal fixation. For instance, in 2024, according to the Journal of Orthopedic Surgery and Research, the incidence of hip fractures in women increase significantly after the age of 70, reaching its peak after the age of 80. In men, a study conducted in Norway found that the incidence of hip fractures was 0.49 per 1,000 person-years in men aged 60, and increased to 12.3 per 1,000 person-years in men aged 85 and older.
Additionally, the increasing occurrence of sports injuries and trauma-related fractures among younger populations is contributing to a higher need for these devices. Orthopedic plates and screws are essential in stabilizing bones and ensuring proper alignment during the healing process, making them a critical part of orthopedic surgeries. Thus, the above factors are expected to propel the orthopedic plates and screws market forward.
Risk of Complications and Infections
The risk of complications and infections is expected to hinder the growth of the orthopedic plates and screws market by raising concerns among both patients and healthcare providers. While orthopedic plates and screws are crucial for stabilizing fractures and aiding bone healing, they can create potential risks of infection and post-surgical complications, such as implant rejection, delayed healing, or implant failure. These complications can lead to longer recovery times, the need for additional surgeries, and a higher overall healthcare cost. As a result, the risk of complications and infections may deter patients and healthcare providers from choosing these devices, thereby limiting the overall market growth.
The global orthopedic plates & screws market is segmented based on the product, material, end-user, and region.
Plate type segment is expected to dominate the orthopedic plates & screws market.
The plate type segment is expected to hold a dominant position in the orthopedic plates and screws market over the screw segment for several key reasons. Plates provide superior stability and stronger fixation compared to screws alone, especially in complex fractures or fractures that require substantial support for proper alignment during the healing process.
Unlike screws plates offer wider coverage and can distribute forces more evenly across the fracture site, making them essential in treating fractures in long bones or multi-fragmented fractures. This is particularly important in trauma cases where stability is critical to ensure successful healing. Different plate systems are being launched by the major companies which are advanced and help in fast recovery. For instance, in October 2024, Johnson & Johnson MedTech announced the first phase of the VOLT Variable Angle Optimized Locking Technology Plating System launch. The innovative system represents an evolution in our fracture management solutions designed to improve stability, enhance performance and increase efficiency.
Thus, the above factors are driving the plate type segment and are expected to dominate during the forecast period.
North America is expected to dominate the orthopedic plates & screws market
North America is expected to dominate the orthopedic plates and screws market due to several key factors. The growing prevalence of orthopedic conditions, such as fractures, osteoporosis, and sports injuries create a strong demand for surgical interventions that require internal fixation devices like plates and screws.
North America also sees a high level of research and development activity, with many leading orthopedic device manufacturers based in the region, driving innovation in plate and screw designs. This includes the development of more biocompatible, customized, and minimally invasive orthopedic solutions that improve patient outcomes and reduce recovery times. For instance, in March 2024, OSSIO, Inc. officially launched the OSSIOfiber Compression Screws in the U.S. market. These screws are intended to support the alignment and fixation of bone fractures, comminuted fractures, bone fragments, osteotomies, arthrodesis, and bone grafts in areas such as the upper extremity, fibula, knee, ankle, and foot when used with the appropriate brace and/or immobilization.
The global market players in the orthopedic plates & screws market are Stryker, DePuy Synthes (Johnson & Johnson), B. Braun SE, Zimmer Biomet, Globus Medical Inc., Smith+Nephew, Enovis Corporation, Arthrex, Inc., Acumed LLC and Madison Ortho among others.
The global orthopedic plates & screws market report would provide approximately 45 tables, 46 figures, and 180 pages.
Target Audience 2024
Key Market Players
LIST NOT EXHAUSTIVE