Headless Compression Screws Market By Product Types (Both Ends Threaded Screw, Fully Threaded Screw) By Application (Foot, Wrist, Hand) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global headless compression screws market report explores the critical analysis of the headless compression screws industry using key parameters. The report consists of investment strategies, the need for investments in the headless compression screw industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the headless compression screw industry and how economic and non-economic barriers are helping the market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market sizes. The report also provides a comprehensive analysis of key investment propositions, the demand and supply gap, competitor positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses include Porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the Report

Major segments' performance in the Headless Compression Screws Market

• The fully threaded screw segment led the global market in 2021 and is expected to continue throughout the projection period. The features, such as retrofitting and tightly holding the members together, are responsible for segment growth.
• The foot application segment accounts for a significant portion of the headless compression screw market. Compression bone screws are commonly used to repair fractures in the foot. The screw functions as a long spacer and is inserted into the vertebrae to provide support during healing while preventing further damage from motion.

North America is expected to continue dominating the global headless compression screw market through 2021.

North America dominated the global headless compression screws market in 2021 and is expected to maintain its dominance during the forecast period. It can be attributed to growth in orthopedic surgical operations, osteosynthesis devices like bone plates and screws, more awareness campaigns by top professionals, maximum reimbursement coverage, better treatment, the presence of key manufacturers, and sophisticated healthcare infrastructure. Osteoporosis incidence is the main factor influencing the regional market. The National Osteoporosis Foundation estimates that 44 million Americans have low bone density, which increases the risk of fractures, and 10 million in the United States have osteoporosis. 70–90% of Canada's 30,000 hip fractures are caused by osteoporosis, according to the Osteoporosis Foundation Canada.

Increasing orthopedic procedures due to aging, auto accidents, and sports injuries will fuel market growth.

The United States has the largest North American headless compression screw market share. The rising number of orthopedic procedures attributable to aging, auto accidents, and sports injuries and the abundance of orthopedics in the U.S. will fuel the expansion of the market. Moreover, the country's leading market players' strong footing, focused on creative product development, will fuel the US industry over the forecast period. Market growth for bone fixation surgeries in the country and medical equipment R&D are expected to open up new prospects in the upcoming years.

Competitive environment: acquisitions and investments are used to boost sales.

Companies are developing new technology to make it easier to expand their product portfolio. Headless compression screw market companies also use innovative practices and techniques to develop new healthcare technologies. Companies are focusing on acquisitions and investments to increase sales. Another feature is a large global consumer base and the execution of operations through specialized distribution channel networks. The major players strive to increase their market share of headless compression screws by introducing new products. For instance, Flower Orthopedics announced two new ready-for-surgery medical screws in February 2019: the Flower Jones screw system and the 6.5mm headless compression screw system. It would aid in preparing sterile, ready-for-surgery instruments and increase efficiency and inventory reduction.

Executive Summary

Technical developments in the global headless compression screw market

Self-tapping, self-drilling headless compression screws allow for simplified technique and surgeon-controlled compression. The headless design reduces hardware prominence and soft tissue irritation. New second-generation headless compression screws (SG-HCS) with improved biomechanical properties have recently been introduced to the market for headless compression screws. All second-generation HCS screws outperformed the first-generation Herbert-Whipple screw in terms of biomechanical properties. Market players for headless compression screws additionally employ cutting-edge procedures and methods to generate new medical innovations. For instance, Nuvasive Inc. released C360, a solution that would transform spine technology innovation, in November 2020. The Anterior Cervical Plating (ACP) System can now use the thinnest headless compression screw available on the market.

Key investments by the headless compression screw market players

The expansion of the headless compression screw industry is being aided by increasing modern technological advancements and public and private sector research investments. One instrument that has gained significant ubiquity in the healthcare sector is the bone screw system, which is used for the internal surgical fixation of bones. Several companies invest in developing and selling headless compression screw systems for hospitals, ambulatory surgical centers, and clinics to produce high-quality, long-lasting products. The key players also employ various investment strategies like mergers, acquisitions, and collaborations to increase their revenue share and keep a stronghold on the international market. For instance, Smith & Nephew PLC announced its agreement to acquire Integra Life Sciences Corporation in January 2021 to develop products for the upper extremities. It would assist Smith & Nephew in gaining additional market revenue by the end of 2022. It will also aid in developing medical screws and plates for the upper extremities.

Some major players in the headless compression screws market are Arthrex, Beijing Libeie, Wright, Tianjin Walkman, Waston, Smith & Nephew, Acumed, Medartis, TST Medical Devices, Synthes, South America Implants, Stryker, ITS Implants, Suzhou Kangli, Orthmed, and Shandong Weigao.

Major driving factors for the headless compression screw market

The increasing prevalence of osteoporosis and osteoporotic fractures is the main factor driving the headless compression screw market. Moreover, the rising number of accidents and sports injuries fuels market expansion. The rising elderly population and public awareness of cutting-edge treatments also influence market demand. Growing demand for bone fixation and reconstructive surgery in emerging economies and R&D in medical devices will create new opportunities during the forecast period.

Major Risks for the Headless Compression Screw Market

The high costs and risks associated with headless compression screws are expected to limit the global market's growth. The growth of the headless compression screw market is also expected to be hampered by stringent government regulations and a lack of suitable treatments. The lack of trained professionals to use headless compression screws may hinder market expansion.

Key applications in the headless compression screw market

In 2021, the foot application segment accounted for the largest global headless compression screw market share. Compression bone screws are frequently used to repair foot fractures. The screw is a long spacer inserted into the vertebrae to provide support during the healing process while avoiding additional damage from motion. In surgeries, cancellous bone screws are used to compress and fix bones. The porous titanium or stainless steel used in cancellous bone screws allows new bone to grow on the screw surface. This type of screw is commonly used in foot, ankle, radius, and carpal joint surgeries. In addition, manufacturers strategically concentrate on ankle and foot applications to expand their market presence. For instance, in January 2021, DJO Global Inc. purchased Trilliant Surgical to develop foot and ankle implantation. As a result, DJO Global Inc. would gain innovative technologies and clinical efficacy, allowing it to broaden its product lines that cover the foot reconstruction or fixation procedure.

Regional performance analysis: market for headless compression screws

Due to the region's expanding senior population and the prevalence of bone-related problems, North America dominated the global headless compression screw market in 2021. The rising number of sports injuries and road accidents will likely promote regional product uptake throughout the projection period. The regional headless compression screw market is also expanding due to the rising demand for minimally invasive procedures. Market participants also prioritize product development, technological advancement, and innovation. This is further anticipated to fuel regional market expansion and generate a sizable demand for medical screws and plates.

Additionally, the Asia-Pacific region is anticipated to have the fastest-growing market during the forecast period. It is primarily due to an increase in the prevalence of osteoporosis, a large patient population, expanded healthcare infrastructure, an aging population, and increased disease diagnosis and treatment awareness. Regulatory regulations in the Asia Pacific are more adaptable and business-friendly than in industrialized countries. Major headless compression screw market companies have concentrated on emerging areas due to increased competition in established countries. For instance, Medtronic Plc, a global leader in medical technology, has established R&D facilities in rising markets such as South Korea to expand its product development skills and regional reach.

Regulatory landscape for the headless compression screw market

The device regulatory requirements, patient compliance, and patent mitigation for prior device portfolios impact the headless compression screws market. The demand for bone compression screw systems in hospitals will increase as robotic technology is increasingly used in medical procedures.

Market size analysis of headless compression screws regarding value

The global headless compression screws market is expected to grow at a substantial CAGR of 3.9% in the upcoming years. The global headless compression screw industry is estimated to be worth USD 304.6 million in 2021 and is expected to be worth USD 383.19 million by 2028.

Major players' plans and actions for the future of the headless compression screw market

The headless compression screws are an excellent tool for inter-fragmentary compression of bone fragments or securing a plate, nail, or fixator to the bone. Technology advancements in healthcare facilities have produced bio-compound materials and more affordable screw systems, although titanium and stainless steel have historically been the preferred production materials. For instance, a compression bone screw system is typically used for ankle and foot procedures or any bone that needs to support tension. In contrast, a pedicle bone screw system is designed for spinal fusion. These headless compression screws are typically produced in large quantities to avoid cost pressure and are expected to accelerate future market growth.

Segmentation of Global Headless Compression Screws Market -

Global Headless Compression Screws Market – By Product Types

• Both Ends Threaded Screw
• Fully Threaded Screw

Global Headless Compression Screws Market – By Application

• Foot
• Wrist
• Hand

Global Headless Compression Screws Market – By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Frequently asked questions about the global headless compression screw market