Bio-absorbable Bone Screw Market
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Global Bio-absorbable Bone Screw Market Drivers:-
New product launches by key players are expected to drive global bio-absorbable bone screw market growth. For instance, in April 2013, Smith & Nephew Plc., a company which develops, designs and sells medical devices worldwide, launched Biosure HA screws. Biosure HA screws are made up of poly-L-lactic acid with hydroxyapatite (a calcium phosphate similar to mineral compound of human bone). Launch of new products provides a wide range of bio-absorbable products for the orthopedic patients to choose, which is expected to contribute to the global bio-absorbable market growth.
Increasing number of orthopedic patients is expected to boost global bio-absorbable bone screw market growth. According to a study conducted by Indian Orthopedic research group, in 2015, more than 60 million people are orthopedic patients in India, most of them are geriatric population. Increasing number of geriatric population is also expected to fuel global bio-absorbable bone screw market growth. According to survey conducted by Survey of Statistics and Programme Implementation in 2016, more 30 million male and more than 42 million female are part of geriatric population.