BIO-ABSORBABLE BONE SCREW MARKET ANALYSIS

Regional Analysis

Global Bio-absorbable Bone Screw Market Regional Analysis:-

North America is expected to dominate the market due to the increasing number of orthopedic patients in the region. According to a study conducted by the American Academy of Orthopedic Surgery in 2016, more than 8 million people in the U.S. are orthopedic patients. Such increasing numbers are expected to fuel market growth over the forecast period.

Europe is expected to witness significant growth due to the launch of new orthopedic products in the market. For instance, in 2017, Smith & Nephew Plc launched Biosure Regenesorb, made from a bio-composite material with an open architecture design for bone growth. It helps in graft-to-bone integration, which plays an important role in healing and remodeling, thus contributing to market growth.

Asia Pacific is expected to witness growth due to the approval of novel products by regulatory bodies in the region. For example, in April 2018, Advanced Biomedical Technologies Inc. announced China FDA approval for new polymer orthopedic internal fixation devices, including bio-absorbable screws. These devices are made of PA6-P (MMA-CO-NVP)-HA polymer and are biologically stable. Approval and a wide range of such products are expected to encourage many orthopedic patients to use bio-absorbable screws.