PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1401771
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1401771
Headless Compression Screws Market size was valued at USD 325.5 Million in 2022, expanding at a CAGR of 4.0% from 2023 to 2030.
Headless Compression Screws are specifically designed for the fixation of bones in the hand and foot following trauma or osteotomy. These screws feature self-tapping and reverse-cutting flutes on both ends, which facilitate easy insertion and removal. The tapered profile of the screws allows for compression and enhances pull-out strength along the entire length. Headless Compression Screws are made of type 2 anodized titanium, which provides greater strength compared to stainless steel. Additionally, they are color-anodized titanium to enhance fatigue strength. The screws are fully threaded, allowing for the engagement of threads throughout the osteotomy, which provides additional stability. These screws, available in sizes 6.5 mm and 7.5 mm, can be used for various applications such as fusions, fractures, or osteotomies in different bones including the clavicle, humerus, radius, ulna, ilium, femur, patella, fibula, tibia, talus, malleolus, and calcaneus.
Headless Compression Screws Market- Market Dynamics
Growing number of scaphoid fracture surgeries is expected to drive market growth
The rise in scaphoid fractures can be attributed to various factors such as an aging population, increased participation in sports, and occupational hazards. Surgical intervention is often necessary for proper healing and functional recovery in cases of scaphoid fractures. Surgeons may choose headless compression screws for fixation due to their ability to provide stable compression and promote bone healing. According to the National Center for Biotechnology Information, scaphoid fractures are the most common carpal fractures and are more likely to occur in younger, active individuals. They account for 2% to 7% of all fractures and 60% to 70% of carpal bone fractures. Additionally, ongoing research and development in materials and design present growth opportunities for the innovative headless compression screws market. However, the limited reimbursement for orthopedic procedures and implants may have an impact on market growth.
Headless Compression Screws Market- Key Insights
As per the analysis shared by our research analyst, the global Headless Compression Screws market is estimated to grow annually at a CAGR of around 4.0% over the forecast period (2023-2030)
Based on product type segmentation, Fully Threaded Screw was predicted to show maximum market share in the year 2022
Based on application segmentation, Foot and ankle was the leading type in 2022
Based on region, North America was the leading revenue generator in 2022
The Global Headless Compression Screws Market is segmented based on Product Type, Application and Region.
The market is divided into two categories based on product type: Both Ends Threaded Screw and Fully Threaded Screw. The market is largely dominated by the Fully Threaded Screw segment. Within the field of orthopedics, fully threaded screws play a crucial role in providing stability by effectively engaging with bone fragments throughout the entire screw length. These screws find applications in a wide range of procedures, such as fracture fixation and fusion.
The market is divided into three categories based on application: Foot and ankle, Wrist, Hand, and Others. The market is primarily dominated by the Foot & Ankle segment. Headless Compression Screws are commonly used in foot and ankle fractures to stabilize and facilitate the healing process. These screws are suitable for various fractures in the metatarsals, phalanges, and other bones in the foot and ankle. Additionally, they are compatible with minimally invasive surgical techniques, which help minimize tissue trauma and promote faster recovery in foot and ankle surgeries.
Headless Compression Screws Market- Geographical Insights
Geographically, this market is spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided based on the countries involved in business activities. The growth of the market is expected to be dominated by North America, primarily due to the increasing number of sports injuries and the rising demand for technologically advanced processes. North America boasts a robust sports culture, with a significant population actively participating in various sports and physical activities. The prevalence of sports-related injuries, especially in regions where sports are highly popular, is likely to drive the demand for orthopedic devices, including headless compression screws. According to Sports Injury Statistics, in the United States alone, approximately 30 million children and teenagers engage in organized sports, resulting in over 3.5 million injuries each year that lead to a loss of participation time. Furthermore, North America is renowned for its strong focus on technological innovation and medical research. In the forecast period, Europe holds the second-largest market share, primarily due to the increasing incidence of orthopedic conditions.
The market for headless compression screws, commonly utilized in orthopedic surgery to stabilize fractures, is comprised of multiple key players. A company's competitive position can be influenced by its global reach and market presence. Companies with a robust international presence may possess a larger customer base. In order to enhance surgical outcomes, companies strive to introduce innovative designs, materials, and technologies for headless compression screws. They may also concentrate on expanding their product offerings in emerging markets or diversifying their orthopedic product portfolios to gain a competitive advantage. As an illustration, Acumed, a subsidiary of Colson Medical, has recently announced the launch of its next-generation Acutrak 3 Headless Screw System. This updated system now includes a new 2.0 mm diameter Nano screw, as well as extensions to the existing portfolio of Micro, Mini, and Standard screws. These additional size options will provide surgeons with more choices within Acutrak's approved indications.
In August 2023, Xtant Medical Holdings, Inc., a global medical technology company focused on surgical solutions for the treatment of spinal disorders, nowadays announced that it completed the acquisition of certain assets and liabilities related to the domestic and international biologics and spinal fixation offerings of Surgalign Holdings, Inc. under a Bankruptcy Court supervised process for USd5 million, plus assumed liabilities, in an all-cash transaction.
The scope of this report covers the market by its major segments, which include as follows: