4
Bio-absorbable Bone Screw Market
Collaboration among market players to distribute their products on a wide scale is expected to fuel global bio-absorbable bone screw market growth. For instance, in 2017, Ortho Pediatrics Corp, a company advancing in field of pediatric orthopedics, collaborated with Biorectec Ltd. to widen distribution channel of Biorectec’s bio-absorbable products. Ortho Pediatrics Corp will market and sell Biorectec’s bio-absorbable products such as screws and other fixation implants under Ortho Pediatrics Corp’s brand TorqLoc. These products are safe for children and would eradiate the fear of further surgeries. Such collaboration is expected all age groups to switch to bio-absorbable implants and screws to minimize risks in future.
However, high cost of bio-absorbable implants and screws, which are not affordable to population of low and middle income economies and slow regeneration rate of new ligament are restraining growth of the global bio-absorbable bone screw market.