Bone Screw System Market Regional Analysis:
North American Market Insights
North America industry is set to hold largest revenue share of 47% by 2035, impelled by the growing governmental investments in the medical industry in this market, as the increase in research and development for producing more efficient and reliable healthcare and healthcare delivery platforms, these demands are expected to fuel the demand for market in the region. According to a report, the total investment in healthcare was worth 57 billion USD in 2021, indicating an increase of about 137%.
The bone screw system market in the U.S. is expected to grow at a significant share owing to the increasing investments in the U.S. medical and health R&D of more than 61 billion USD. This region also has a superior infrastructure in surgeries therefore aiding in minimal incisions, designs, compatibility with the body, better offering techniques, and a health insurance population.
APAC Market Insights
Asia Pacific region is poised to witness substantial growth through 2035, during the forecast timeframe led by an increase in the adoption of several technologically advanced healthcare models for surgical operations, along with the ever-expanding geographical reach of the companies in this industry as this causes a surge in the number of bone screw system healthcare start-ups along with the growing demand in easy and more reliable orthopedic surgeries. According to the cohort study by the National Institutes of Health, on 169,404 patients in 73 hospitals, the usage of robotic surgeries increased from 1.8% in 2012 to 15.1% in 2018.
The bone screw system market in Japan is expected to grow at a CAGR of more than 5% in Japan owing to the overall coverage of medical treatments that which healthcare system provides, this includes orthopedic procedures such as bone screw systems. According to a report, every Japanese citizen is eligible for 100% universal healthcare, along with this the medical costs are mainly regulated by the Japanese government itself.
