Headless Compression Screws Market Size, Share, Growth, and Industry Analysis, By Type (Fully Threaded Screw and Both Ends Threaded Screw), By Application (Hand, Wrist, Foot, Ankle, and Others), Regional Insights, and Forecast From 2024 To 2031

Updated On: 08 July 2024

Headless Compression Screws Market Report Overview

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The global headless compression screws market size was USD 313 million in 2021 and is projected to touch USD 469.41 million by 2031, at a CAGR of 4.1% during the forecast period.

Titanium, stainless steel, and biodegradable materials are just a few of the materials used to make headless compression screws. The bio-absorbable market is anticipated to expand significantly throughout the course of the analysis. Polyglycolic, poly-L-lactic, and polylactic acids make up biodegradable substances. The bio absorbable screws can be left inside the body after restoration because these materials are biocompatible with the body. Demand for the product will increase as a result of the advantages provided by bio-absorbable materials, such as less interference with MRI scans, lower graft laceration, and decreased implant removal.

Headless compression screws are designed in a pattern to allow the implantation inside and around the particular region with minimum irritation to soft tissue or risk of interference. These screws are designed for accurate percutaneous insertion by causing minimum damage to the soft tissue. It is a piece of medical equipment used to fix the wrist, ankle, foot, hand, and other parts of the body. The growing number of accidents is forecasted to boost the demand for the product. 

COVID-19 Impact: Postponement of Surgeries Affected the Growth Rate

The global COVID-19 pandemic has been unprecedented and staggering, with headless compression screws experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The healthcare industry was the only sector that experienced a positive impact by the outbreak of the pandemic. The headless compression screws market was still an exception. The orthopedic surgeries were postponed to avoid the spread of the virus. The orthopedic surgeries were kept on hold due to the hospitals being converted to containment facilities and COVID-19 wards. The postponement of elective surgeries challenged the hands-on practice and exposure to various procedures. The population avoided surgeries that were not urgent and could wait. The population tried to stay indoors and avoid stepping out for their safety. The outbreak of the pandemic had a negative impact on the growth of the market.

LATEST TRENDS

"Rising Injuries during Sports and Accidents to Lead Medical Screws Market Growth"

The demand for headless compression screws is increasing owing to the increasing number of accidents and injuries. Most of the population dies in highway accidents, which is expected to propel market growth in the foreseeable future. Moreover, the young generation is interested in sports to stay physically active and thus, meet various injuries. Most bone injuries are caused during sports activities, which is estimated to fuel headless compression screws market growth. Rising incidences of orthopedic diseases such as fractures, soft-tissue injuries, and others. These headless compression screws are used as an attachment in the implantation of soft tissues and bone fixation.  

Headless Compression Screws Market Segmentation

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• By Type Analysis

By type, the market is segmented into fully threaded screws and both ends threaded screws.

Fully threaded screws are anticipated to dominate the market by owning about 61% of the overall market growth. The growth is attributable to its features such as retrofitting and keeping the members together tightly.

• By Application Analysis

Based on application, the market is classified into the hand, wrist, foot, ankle, and others.

DRIVING FACTORS

"Steady Demand for Minimally Invasive Products to Boost Product Demand"

The market is forecasted to expand owing to the rising demand for technologically improved processes in both developed and developing countries. Previous statistics from the Centers for Medicare & Medicaid Services (CMS) show that orthopedic problems affect one in every seven Americans. A rise in the frequency of trauma cases and traffic accidents would also help the sector thrive. Over the course of the analysis period, these factors, together with market participants focus on the development of several cutting-edge solutions to treat orthopedic conditions and fractures, will increase demand for bone screw systems. The population is highly inclined toward minimally invasive products and thus, is expected to foster product demand. 

"Various Applications of the Product to Surge Market Growth"

The headless compression screws are a very effective tool for fastening a nail, plate, or fixator to the bone or for fascinating bone fragments through inter-fragmentary compression. Although titanium and stainless steel have traditionally been the preferred materials for production, technological advancements in healthcare facilities have resulted in the creation of bio-compound materials and more economical screw systems. Such as a pedicle bone screw system is designed for spinal fusion, but a compression bone screw system is typically utilized for ankle and foot procedures or any bone that has to support tension. These headless compression screws are mostly produced in bulk to avoid cost pressure and are anticipated to augment growth in the market. 

RESTRAINING FACTORS

"Strict Regulations and Lack of Appropriate Treatment Options to Impede Growth "

The headless compression screws market growth is estimated to be hampered by the strict government regulations and lack of proper treatments are expected to hamper the growth of the market. Moreover, the lack of skilled professionals to use headless compression screws may also create a challenge for market growth.

Headless Compression Screws Market Regional Insights

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"North America to Dominate the Market Owing to the Rising Prevalence of Injuries"

North America is forecasted to hold one-third part of the headless compression screws market share owing to the growing geriatric population suffering from various bone-related issues. The growing frequency of sports injuries and road accidents is anticipated to boost the adoption of the product in the foreseeable future. 

Asia Pacific is estimated to show significant growth in the market due to the accelerating industrialization coupled with rising energy consumption in the region.

KEY INDUSTRY PLAYERS

"Key Players Focusing On Innovative Technology Development to Grow in Market"

Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies in the healthcare industry. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products. 

List of Market Players Profiled

• Synthes (U.S.)
• Smith & Nephew (U.K.)
• Arthrex (U.S.)
• Stryker (U.S.)
• Medartis (Switzerland)
• Acumed (U.S.)
• Wright (U.S.)
• Zimmer Biomet (U.S.)
• Beijing Libeier (China)
• Shandong Weigao (China)
• Waston (China)
• Orthmed (U.K.)
• Tianjin Walkman (China)
• Suzhou kangli (China)
• South America Implants (Argentina)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research. The market insights are prepared by utilizing large sample sizes for data-gathering modules. The study provides in-depth market insights. The stage includes gathering market data or related data using a variety of sources and tactics. It involves going over and organizing all the information gathered during the previous advance. It also covers the investigation of information discrepancies found across various information sources. Market statistical and coherent models are used to assess and estimate market data.