Market Overview:
The global conventional hip screws market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing incidence of hip fractures and rising demand for minimally invasive surgeries. In addition, technological advancements in the field of orthopedics are also propelling the growth of this market. Based on type, titanium material is expected to account for a larger share in the global conventional hip screws market during the forecast period. This can be attributed to its high strength and corrosion resistance properties as compared to other materials used in manufacturing conventional hip screws.
Product Definition:
Conventional hip screws are a type of metal screw that is used to stabilize the hip joint after a fracture. They are inserted into the femur and the acetabulum, and they help to keep the bones in place while they heal.
Titanium Material:
Titanium material is a strong, lightweight, corrosion-resistant metal that has been used in surgical implants and prosthetics for many years. It was first discovered as a rare element in 1803 and was named after the Greek word “titane” which means bronze. The properties of titanium make it an ideal choice for medical applications where strength is required along with lightness and corrosion resistance.
Alloy Material:
Alloy material is a combination of two or more metals with different melting points. The most common alloys are stainless steel, cast iron, and nickel-based alloys. Stainless steel and cast iron are widely used in hip screw components due to their high tensile strength and resistance to corrosion.
Application Insights:
The hospital application segment dominated the global conventional hip screws market in 2017. This can be attributed to factors such as increasing geriatric population, which is more susceptible to developeement of osteoarthritis and growing prevalence of chronic diseases, especially diabetes. As per the WHO, by 2050, the number of people aged 60 years or above will reach nearly Quadruple (4x) that of 2015. Thus, demand for orthopedic implants is expected to rise during the forecast period.
Clinic applications include self-use and non-surgical use among others. The non-surgical use includes total knee arthroplasty (TKA), partial knee replacement (PKR), and revision knee replacement (RKF).
Regional Analysis:
North America dominated the global conventional hip screws market in 2017. This can be attributed to increasing geriatric population, rising obesity-related disorders, and high healthcare expenditure levels in this region. According to the WHO, in 2015 around 36% of total health spending was allocated to chronic diseases (excluding maternal care). Thus, North America has a greater focus on orthopedic surgeries as compared to other regions.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to improving economic conditions and growing awareness about various treatment options for osteoporosis patients coupled with advanced medical technologies such as metal-on-metal hip replacement surgery which is gaining popularity among patients from Japan.
Growth Factors:
- Increasing geriatric population: The global geriatric population is increasing at a rapid pace and this is expected to drive the demand for hip screws in the coming years.
- Rising incidence of hip fractures: The number of people suffering from hip fractures is on the rise, which is likely to boost the demand for hip screws in the near future.
- Growing popularity of minimally invasive surgeries: Minimally invasive surgeries are becoming increasingly popular due to their many benefits over traditional surgery procedures. This is likely to fuel the growth of the global conventional Hip Screws market in years to come.
- Technological advancements: The development of new and innovative products has been a key trend driving growth in the global conventional Hip Screws market over recent years and this trend is expected to continue in future as well. This will help manufacturers meet consumer needs and preferences better while also expanding their customer base significantly.. 5) rising healthcare expenditure: Healthcare expenditure around thw world has been increasing steadily over recent years, owing largely ti growing awareness about health issues an improved standard if living among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Conventional Hip Screws Market Research Report
By Type
Titanium Material, Alloy Material
By Application
Hospital, Clinic
By Companies
DePuy Synthes, Stryker, Zimmer Biomet, Smith and Nephew, Orthofix, Bioventus, Biomedical Tissue Technologies, DJO Global
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Conventional Hip Screws Market Report Segments:
The global Conventional Hip Screws market is segmented on the basis of:
Types
Titanium Material, Alloy Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DePuy Synthes
- Stryker
- Zimmer Biomet
- Smith and Nephew
- Orthofix
- Bioventus
- Biomedical Tissue Technologies
- DJO Global
Highlights of The Conventional Hip Screws Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Titanium Material
- Alloy Material
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Conventional Hip Screws Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Conventional hip screws are metal screws that are inserted through the skin and into the bone of a person's hip. They are used to fix a dislocated or fractured hip.
Some of the major companies in the conventional hip screws market are DePuy Synthes, Stryker, Zimmer Biomet, Smith and Nephew, Orthofix, Bioventus, Biomedical Tissue Technologies, DJO Global.
The conventional hip screws market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Conventional Hip Screws Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Conventional Hip Screws Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Conventional Hip Screws Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Conventional Hip Screws Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Conventional Hip Screws Market Size & Forecast, 2020-2028
4.5.1 Conventional Hip Screws Market Size and Y-o-Y Growth
4.5.2 Conventional Hip Screws Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Titanium Material
5.2.2 Alloy Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Conventional Hip Screws Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Conventional Hip Screws Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Titanium Material
9.6.2 Alloy Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Titanium Material
10.6.2 Alloy Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Titanium Material
11.6.2 Alloy Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Titanium Material
12.6.2 Alloy Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Titanium Material
13.6.2 Alloy Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Conventional Hip Screws Market: Competitive Dashboard
14.2 Global Conventional Hip Screws Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DePuy Synthes
14.3.2 Stryker
14.3.3 Zimmer Biomet
14.3.4 Smith and Nephew
14.3.5 Orthofix
14.3.6 Bioventus
14.3.7 Biomedical Tissue Technologies
14.3.8 DJO Global
