According to the new market research report “Plates and Screws - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Plates and Screws market size is projected to reach USD 7.62 billion by 2030, at a CAGR of 3.7% during the forecast period.
- Global Plates and Screws MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Plates and Screws - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Plates and Screws Top12Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Plates and Screws - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Plates and Screws include J & J, Stryker, Zimmer Biomet, Smith & Nephew, Acumed, Medartis, OsteoMed, Globus Medical, Orthofix, BBraun, etc. In 2023, the global top five players had a share approximately 78.0% in terms of revenue.
The Bone Plates and Screws Market is primarily driven by the rising prevalence of orthopedic conditions, such as fractures and osteoarthritis, which necessitate surgical interventions. With an aging global population and an increasing number of road accidents, the demand for advanced orthopedic devices is growing. Additionally, technological advancements in materials and design, such as bioresorbable plates and screws, are fueling market growth by providing better patient outcomes and reducing the need for secondary surgeries.
However, the market faces challenges such as the high cost of these devices, which can limit their adoption, particularly in low- and middle-income countries. Moreover, stringent regulatory requirements and the lengthy approval process for new products can hinder the entry of innovative solutions into the market. The need for skilled professionals to perform complex surgeries involving these devices also adds to the challenge, potentially restricting market growth in regions with limited healthcare infrastructure.
About The Authors
Zhang Xiao - Lead Author |
Email: zhangxiao@qyresearch.com |
Zhang Xiao is a market senior analyst specializing in medical device, pharma, Lab consumable. Zhang Xiao has 8 years’ experience in medical device and pharma market analysis, and focuses on medical device and consumables (imaging equipment, medical consumables, wearable medical equipment, medical robots, home care equipment, dental equipment, implant equipment, operating room equipment, in vitro diagnostics, etc.) and drugs (API, finished drugs, patented drugs, blood products , vaccines, etc.) . She is engaged in the development of technology and market reports and is also involved in custom projects. |
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