PUBLISHER: Allied Market Research | PRODUCT CODE: 1566941
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566941
Biodegradable Micro Screws Market By Application (Orthopedic Surgeries, Dental Implants, Others) , By End User (Hospitals, Dental Clinics, ASCs, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Biodegradable Micro Screws Market
The biodegradable micro screws market was valued at $0.4 billion in 2023 and is projected to reach $0.7 billion by 2033, growing at a CAGR of 5.7% from 2024 to 2033.
Biodegradable micro screw is a specially designed component for the medical settings, that provides temporary support or fixation to the body parts. A unique attribute of this screw includes its ability to naturally degrade inside the body with time. Biocompatible materials such as polyglycolic acid and polylactic acid are primarily used to create these micro screws. One of the major surgical fields that makes use of these screws is orthopedic surgeries involving bone fractures and injuries. In addition, several other surgical fields such as craniomaxillofacial surgeries and pediatric orthopedics integrate micro screws in their procedures.
Increase in the adoption of minimally invasive surgical procedures is a key driver of the biodegradable micro screws market as these screws eliminate the requirement of post-surgery invasion for screw removal. In addition, advancements in technology such as the usage of ingenious manufacturing techniques, including additive manufacturing and advanced molding procedures, are propelling the market development as these technologies enhance the efficacy & reliability of the screws. In recent times, the trend of coating biodegradable micro screws with ceramics is acquiring traction in the market. Coating materials such as calcium phosphates and magnesium alloys accelerate the healing process by promoting biomineralization and osteointegration of bones.
However, the cost of biodegradable micro screws is significantly higher as compared to traditional metallic screws, deterring several small-scale medical facilities from investing in them. Furthermore, biodegradable screws exhibit less efficiency in long-term healing cases, which limits their application and restricts the market development. Contrarily, innovations in the designing of biodegradable micro screws are expected to present lucrative opportunities for the market expansion. For instance, manufacturers are exploring screws to act as delivery agents and integrate medications or antibiotics at the site of their implantation. This is expected to transform the surgical landscape by promoting tissue regeneration along with providing mechanical support.
Segment Review
The biodegradable micro screws market is segmented into application, end user, and region. On the basis of application, the market is divided into orthopedic surgeries, dental implants, and others. As per end user, it is classified into hospitals, dental clinics, ASCs, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of application, the orthopedic surgeries segment dominates the biodegradable micro screws market.
As per end user, the hospitals segment is anticipated to account for a high market share during the forecast period.
Region wise, North America was the highest revenue generator of the market in 2023.
Competition Analysis
The key players operating in the global biodegradable micro screws market include Johnson & Johnson, Stryker Corporation., Smith & Nephew plc, Medtronic plc, Zimmer Biomet Holdings, Inc., Bioretec Ltd, CONMED Corporation., OsteoMed, KLS Martin Group, and Arthrex, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
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Key Market Segments
By Application
- Orthopedic Surgeries
- Dental Implants
- Others
By End User
- Hospitals
- Dental Clinics
- ASCs
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players:
- Johnson & Johnson
- Stryker Corporation.
- Smith & Nephew plc
- Medtronic plc
- Zimmer Biomet Holdings, Inc.
- Bioretec Ltd
- CONMED Corporation.
- OsteoMed
- KLS Martin Group
- Arthrex, Inc.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report Description
- 1.2. Key Market Segments
- 1.3. Key Benefits
- 1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
- 3.1. Market Definition and Scope
- 3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
- 3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
- 3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
CHAPTER 4: BIODEGRADABLE MICRO SCREWS MARKET, BY APPLICATION
- 4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Application
- 4.2. Orthopedic Surgeries
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
- 4.3. Dental Implants
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
- 4.4. Others
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country
CHAPTER 5: BIODEGRADABLE MICRO SCREWS MARKET, BY END USER
- 5.1. Market Overview
- 5.1.1 Market Size and Forecast, By End User
- 5.2. Hospitals
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
- 5.3. Dental Clinics
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
- 5.4. ASCs
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
- 5.5. Others
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country
CHAPTER 6: BIODEGRADABLE MICRO SCREWS MARKET, BY REGION
- 6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Region
- 6.2. North America
- 6.2.1. Key Market Trends and Opportunities
- 6.2.2. Market Size and Forecast, By Application
- 6.2.3. Market Size and Forecast, By End User
- 6.2.4. Market Size and Forecast, By Country
- 6.2.5. U.S. Biodegradable Micro Screws Market
- 6.2.5.1. Market Size and Forecast, By Application
- 6.2.5.2. Market Size and Forecast, By End User
- 6.2.6. Canada Biodegradable Micro Screws Market
- 6.2.6.1. Market Size and Forecast, By Application
- 6.2.6.2. Market Size and Forecast, By End User
- 6.2.7. Mexico Biodegradable Micro Screws Market
- 6.2.7.1. Market Size and Forecast, By Application
- 6.2.7.2. Market Size and Forecast, By End User
- 6.3. Europe
- 6.3.1. Key Market Trends and Opportunities
- 6.3.2. Market Size and Forecast, By Application
- 6.3.3. Market Size and Forecast, By End User
- 6.3.4. Market Size and Forecast, By Country
- 6.3.5. France Biodegradable Micro Screws Market
- 6.3.5.1. Market Size and Forecast, By Application
- 6.3.5.2. Market Size and Forecast, By End User
- 6.3.6. Germany Biodegradable Micro Screws Market
- 6.3.6.1. Market Size and Forecast, By Application
- 6.3.6.2. Market Size and Forecast, By End User
- 6.3.7. Italy Biodegradable Micro Screws Market
- 6.3.7.1. Market Size and Forecast, By Application
- 6.3.7.2. Market Size and Forecast, By End User
- 6.3.8. Spain Biodegradable Micro Screws Market
- 6.3.8.1. Market Size and Forecast, By Application
- 6.3.8.2. Market Size and Forecast, By End User
- 6.3.9. UK Biodegradable Micro Screws Market
- 6.3.9.1. Market Size and Forecast, By Application
- 6.3.9.2. Market Size and Forecast, By End User
- 6.3.10. Rest of Europe Biodegradable Micro Screws Market
- 6.3.10.1. Market Size and Forecast, By Application
- 6.3.10.2. Market Size and Forecast, By End User
- 6.4. Asia-Pacific
- 6.4.1. Key Market Trends and Opportunities
- 6.4.2. Market Size and Forecast, By Application
- 6.4.3. Market Size and Forecast, By End User
- 6.4.4. Market Size and Forecast, By Country
- 6.4.5. China Biodegradable Micro Screws Market
- 6.4.5.1. Market Size and Forecast, By Application
- 6.4.5.2. Market Size and Forecast, By End User
- 6.4.6. Japan Biodegradable Micro Screws Market
- 6.4.6.1. Market Size and Forecast, By Application
- 6.4.6.2. Market Size and Forecast, By End User
- 6.4.7. India Biodegradable Micro Screws Market
- 6.4.7.1. Market Size and Forecast, By Application
- 6.4.7.2. Market Size and Forecast, By End User
- 6.4.8. South Korea Biodegradable Micro Screws Market
- 6.4.8.1. Market Size and Forecast, By Application
- 6.4.8.2. Market Size and Forecast, By End User
- 6.4.9. Australia Biodegradable Micro Screws Market
- 6.4.9.1. Market Size and Forecast, By Application
- 6.4.9.2. Market Size and Forecast, By End User
- 6.4.10. Rest of Asia-Pacific Biodegradable Micro Screws Market
- 6.4.10.1. Market Size and Forecast, By Application
- 6.4.10.2. Market Size and Forecast, By End User
- 6.5. LAMEA
- 6.5.1. Key Market Trends and Opportunities
- 6.5.2. Market Size and Forecast, By Application
- 6.5.3. Market Size and Forecast, By End User
- 6.5.4. Market Size and Forecast, By Country
- 6.5.5. Brazil Biodegradable Micro Screws Market
- 6.5.5.1. Market Size and Forecast, By Application
- 6.5.5.2. Market Size and Forecast, By End User
- 6.5.6. South Africa Biodegradable Micro Screws Market
- 6.5.6.1. Market Size and Forecast, By Application
- 6.5.6.2. Market Size and Forecast, By End User
- 6.5.7. Saudi Arabia Biodegradable Micro Screws Market
- 6.5.7.1. Market Size and Forecast, By Application
- 6.5.7.2. Market Size and Forecast, By End User
- 6.5.8. Rest of LAMEA Biodegradable Micro Screws Market
- 6.5.8.1. Market Size and Forecast, By Application
- 6.5.8.2. Market Size and Forecast, By End User
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top Winning Strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top Player Positioning, 2023
CHAPTER 8: COMPANY PROFILES
- 8.1. Johnson And Johnson
- 8.1.1. Company Overview
- 8.1.2. Key Executives
- 8.1.3. Company Snapshot
- 8.1.4. Operating Business Segments
- 8.1.5. Product Portfolio
- 8.1.6. Business Performance
- 8.1.7. Key Strategic Moves and Developments
- 8.2. Stryker Corporation.
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Operating Business Segments
- 8.2.5. Product Portfolio
- 8.2.6. Business Performance
- 8.2.7. Key Strategic Moves and Developments
- 8.3. Smith And Nephew Plc
- 8.3.1. Company Overview
- 8.3.2. Key Executives
- 8.3.3. Company Snapshot
- 8.3.4. Operating Business Segments
- 8.3.5. Product Portfolio
- 8.3.6. Business Performance
- 8.3.7. Key Strategic Moves and Developments
- 8.4. Medtronic Plc
- 8.4.1. Company Overview
- 8.4.2. Key Executives
- 8.4.3. Company Snapshot
- 8.4.4. Operating Business Segments
- 8.4.5. Product Portfolio
- 8.4.6. Business Performance
- 8.4.7. Key Strategic Moves and Developments
- 8.5. Zimmer Biomet Holdings, Inc.
- 8.5.1. Company Overview
- 8.5.2. Key Executives
- 8.5.3. Company Snapshot
- 8.5.4. Operating Business Segments
- 8.5.5. Product Portfolio
- 8.5.6. Business Performance
- 8.5.7. Key Strategic Moves and Developments
- 8.6. Bioretec Ltd
- 8.6.1. Company Overview
- 8.6.2. Key Executives
- 8.6.3. Company Snapshot
- 8.6.4. Operating Business Segments
- 8.6.5. Product Portfolio
- 8.6.6. Business Performance
- 8.6.7. Key Strategic Moves and Developments
- 8.7. CONMED Corporation.
- 8.7.1. Company Overview
- 8.7.2. Key Executives
- 8.7.3. Company Snapshot
- 8.7.4. Operating Business Segments
- 8.7.5. Product Portfolio
- 8.7.6. Business Performance
- 8.7.7. Key Strategic Moves and Developments
- 8.8. OsteoMed
- 8.8.1. Company Overview
- 8.8.2. Key Executives
- 8.8.3. Company Snapshot
- 8.8.4. Operating Business Segments
- 8.8.5. Product Portfolio
- 8.8.6. Business Performance
- 8.8.7. Key Strategic Moves and Developments
- 8.9. KLS Martin Group
- 8.9.1. Company Overview
- 8.9.2. Key Executives
- 8.9.3. Company Snapshot
- 8.9.4. Operating Business Segments
- 8.9.5. Product Portfolio
- 8.9.6. Business Performance
- 8.9.7. Key Strategic Moves and Developments
- 8.10. Arthrex, Inc.
- 8.10.1. Company Overview
- 8.10.2. Key Executives
- 8.10.3. Company Snapshot
- 8.10.4. Operating Business Segments
- 8.10.5. Product Portfolio
- 8.10.6. Business Performance
- 8.10.7. Key Strategic Moves and Developments
