Bone Screw System Market Size

Bone Screw System Market size was valued at USD 2 Billion in 2023 and is expected to cross USD 4.3 Billion by the end of 2036, expanding at more than 6.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of bone screw system is assessed at USD 2.10 Billion.

The reason behind this growth is impelled by the advancements in the technology of orthopedic surgeries, as the surgeries today require minimal smaller incisions to recover quickly, reduced pain and marks. According to a study by Lancet Digital Health on about 20,500 articles specifically for knowing the capacity of AI to make accurate diagnoses. Of these, AI identified about 87% of disease patterns accurately, compared to 86% of the correct diagnoses done by healthcare professionals.

Moreover, with the increasing biocompatibility, low production costs, and better post-op results, several technologies now don’t require a second surgery, because the material is made to be bioabsorbable and is therefore absorbed by the body.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the bone screw system market was over USD 2 billion.

The market size for the bone screw system market is projected to cross USD 4.3 billion by the end of 2036 expanding at a CAGR of 6.5% during the forecast period i.e., between 2024-2036

The major players in the market are Zimmer Biomet Holdings Inc., Integra LifeSciences Corp., Orthofix International N.V, Medtronic, Arthrex, Aesculap, Inc., DePuy Synthes, Alphatec Spine, CONMED Corp., NuVasive, Instratek, Japan Medical Dynamic Marketing (JMDM), Teijin Nakashima Medical Co., Ltd., Osada Medical Co. Ltd., Tsunami Medical, and others.

The stainless-steel segment is anticipated to garner the largest market share of 46% by the end of 2036 and display significant growth opportunities during 2024-2036.

The market in the North American region is projected to hold the largest market share of 46% by the end of 2036 and provide more business opportunities in the future.

Bone Screw System Market Size