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Bio-absorbable Bone Screw Market
Global Bio-absorbable Bone Screw Market Regional Analysis:-
North America is expected to dominate global bio-absorbable bone screw market due to increasing number of orthopedic patients in the region. According to a study conducted by American Academy of Orthopedic Surgery, in 2016, more than 8 million people in U.S. are orthopedic patients. Such increasing number of orthopedic patients are expected to fuel global bio-absorbable bone screw market growth over the forecast period.
Europe bio-absorbable bone screw market is expected to witness significant growth due to launch of new orthopedic products in the market. For instance, in 2017, Smith & Nephew Plc., a company which develops, designs and sells medical devices worldwide, launched Biosure Regenesorb. Biosure Regenesorb is made out of a bio-composite material, which has an open architecture design to allow bone growth. It is used for graft fixation and can be assessed in small areas, which help in graft to bone integration. Graft to bone integration plays an important role in healing process and remodeling. Thus launch of new products which help in faster healing process is expected to fuel growth of global bio-absorbable bone screw market.
Asia Pacific bio-absorbable bone screw market is expected to witness growth during the forecast period, owing to approval of novel products by regulatory bodies in the region. For instance, in April 2018, Advanced Biomedical Technologies Inc., a manufacturer and developer of orthopedic internal fixation devices announced China FDA approval for new polymer orthopedic internal fixation devices, which include bio-absorbable screws. These devices are made up of PA6-P (MMA-CO-NVP)-HA polymer and is reinforced by fiber. This approval has encouraged the company to manufacture more products using this polymer. This polymer is easily accepted by the body and is biologically stable. Wide range of such products is expected to encourage many orthopedic patients to use bio-absorbable screws instead of metal screws.