This report provides exclusive insights into the COVID-19 impact on the Orthopedic Plates and Screws Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Orthopedic Plates and Screws Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Orthopedic Plates and Screws Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on orthopedic plates and screws market provides in-depth analysis of segments and sub-segments in global as well as regional orthopedic plates and screws market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional orthopedic plates and screws market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global orthopedic plates and screws market. According to a report, the global orthopedic plates and screws market is projected to grow at a CAGR of 6.9% over the forecast period of 2018-2024
Orthopedic plates and screws have been used to fix the bone fragments since the middle of the nineteenth century. During a surgical procedure to set fractures the special implants such as plates, screws, nails, and wires are used to hold the normal alignment of fragmented bones. Bone plates are used as internal splints to hold both ends of fractured bones. They are attached to the bone with screws. The screws are more often used for internal fixation other than any type of implants. The types of plates and screws used in the fixation are depending upon the type of fracture. The orthopedic plates transmit the forces from one end of the bone to the other end and protect the area of the fracture. On the other hand, screws convert rotations into the linear motion that further provide the compression, protection, and tension to the fractured bone. So the orthopedic plates and screws are most majorly used as implants in the orthopedic surgeries.
The degenerative joint disease is the most common chronic condition of the joints, affecting the people between the ages of 20 to 40. According to the WHO, The prevalence of degenerative joint diseases varies between 0.3% and 1% and is more common in women and in developed countries. The growing prevalence of degenerative joint diseases is the key factor driving the growth of orthopedic plates and screws market. In addition, the rising aging population is likely to escalate the growth of the orthopedic plates and screws market. The growing demand for minor orthopedic implants across the globe contributes to the growth of orthopedic plates and screws market. On the other hand, lack of awareness about the availability of orthopedic trauma devices is hampering the growth of the orthopedic plates and screws market.
Moreover, the leading players are focusing on the development, innovations and technological up gradation to improve their profit margins. In addition, the use of lithium in the manufacturing of plate and screw and growing use of hybrid plates in the surgeries are expected to create several opportunities for the orthopedic plates and screws market over the forecast period. Geographically, North America dominated the orthopedic plates and screw market in 2017 and is expected to dominate the same throughout the forecast period owing to the high prevalence of arthritis surgeries. In addition, the presence of a leading manufacturer of orthopedic plates and screws in North America is contributing to the growth of orthopedic plates and screws market. Furthermore, Asia-Pacific holds a significant market share in the orthopedic screws and plates market. The growing healthcare infrastructure and technological developments are the factors likely to escalate the growth of orthopedic plates and screws market.
The report on global orthopedic plates and screws market covers segments such as applications and end-user. On the basis of applications the global orthopedic plates and screws market is categorized into shoulder replacement, wrist replacement, elbow replacement, and foot and ankle surgeries. On the basis of end-user, the global orthopedic plates and screws market is categorized into hospitals and ambulatory surgery centers (ASCs).
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global orthopedic plates and screws market such as Zimmer Biomet, DePuy Synthes, Wright Tornier, Smith & Nephew, Stryker, Exactech, Integra and Medtronic.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global orthopedic plates and screws market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of orthopedic plates and screws market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the orthopedic plates and screws market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the orthopedic plates and screws market to understand the present and future trends in this market and formulate their strategies accordingly.