Global Orthopedic Plates and Screws Market 2017-2021
About Orthopedic Plates and Screws
Orthopedic plates and screws are orthopedic implants used to stabilize and support broken bones or joints until it is strong enough to handle individuals weight and body movements. Implants like plates and screws set the fracture by holding the bones together, and strengthening ligaments and tendons. The global orthopedic plates and screws market is segmented based on application: upper extremity and lower extremity.
Technavio’s analysts forecast the global orthopedic plates and screws market to grow at a CAGR of 7.00% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global orthopedic plates and screws market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Orthopedic Plates and Screws Market 2017-2021
Technavio recognizes the following companies as the key players in the global orthopedic plates and screws market: DePuy Synthes, Medtronic, Smith & Nephew, Stryker, and Zimmer Biomet.
Other Prominent Vendors in the market are: aap Implantate, Acumed, Advanced Orthopaedics (merged with OrthoVirginia), Arthrex, Arthrosurface, DJO Global, Ellipse Technologies, Flower Orthopedics, Integra LifeSciences, Internal Fixation System, Medartis, Nextremity Solutions, Orthofix, OsteoMed, Paragon 28, Suspension Orthopaedics, Tornier, Tyber Medical, Vilex in Tennessee, and Virak Orthopedics.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advancements. Technological advancements are creating significant changes in the global orthopedic plates and screws market. The developed economies such as the US and the UK have a huge demand for technologically advanced and innovative products.”
According to the report, one driver in the market is rising prevalence of degenerative joint diseases. The degenerative joint diseases are the most common cause of disability in adults. Medical conditions such as rheumatoid arthritis and osteoarthritis affect the musculoskeletal system of the body, which includes bones, nerves, joints, muscles, ligaments, tendons, and cartilages. The orthopedic devices such as orthopedic plates and screws are widely used by surgeons for fracture fixation in case of any degenerative joint diseases. Hence the rising prevalence of these diseases will significantly impact on the sales of orthopedic plates and screws devices.
Further, the report states that one challenge in the market is limited awareness regarding availability of orthopedic trauma devices. Orthopedic trauma is caused due to amputations, fractures, bone dislocations, and injury to connective tissue and soft tissue. The devices such as plates and screws that restore the function of individual's joints and muscles are very effective in fixing the fractures. However, such devices are not very popular among the people residing in lower- and middle-income countries. There is an increasing the burden of orthopedic diseases and injuries in the developing countries including the emerging economies.
DePuy Synthes, Medtronic, Smith & Nephew, Stryker, Zimmer Biomet, aap Implantate, Acumed, Advanced Orthopaedics (merged with OrthoVirginia), Arthrex, Arthrosurface, DJO Global, Ellipse Technologies, Flower Orthopedics, Integra LifeSciences, Internal Fixation System, Medartis, Nextremity Solutions, Orthofix, OsteoMed, Paragon 28, Suspension Orthopaedics, Tornier, Tyber Medical, Vilex in Tennessee, and Virak Orthopedics.