The global bone screw system market is set to grow through 2027, based on a Future Market Insights report, according to lanews.org.
Here are six points:
1. The growing number of trauma and orthopedic disorders will boost the global market.
2. The introduction of nanotechnology and robotics for making biodegradable and auto-dissoluble bone screws is also spurring market growth.
3. Bone screw complications, like microbial infection and hematoma, will serve as obstacles to market growth, however.
4. North America, followed by Europe, currently dominate the global bone screw system market.
5. Backed by favorable government initiatives, the Asia-Pacific bone screw system market will witness growth through 2027.
6. Key market players include Medtronic, DePuy Synthes, Zimmer Biomet, Instratek, Wright Medical Technology, Acumed, OsteoMed, Stryker, Integra LifeSciences, Custom Spine, Orthofix, Smith & Nephew and BioPro.