Headless Compression Screws Market Trend, Share, Growth, Size and Forecast 2030

Headless Compression Screws Industry Prospective:

The global headless compression screws market size was worth around USD 321.59 million in 2022 and is predicted to grow to around USD 457.18 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.53% between 2023 and 2030

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Headless Compression Screws Market: Overview

A headless compression screw is a medical implant and is also known as a cannulated screw. They are used in joint fusion, arthrodesis, bone reconstruction, fracture fixation of bones, fracture repair, and osteotomy. Headless compression screws have been highly beneficial in surgical procedures related to bone fixation of the hand and foot caused by osteotomy or trauma. The removal and insertion of cannulated screws are facilitated by self­tapping and reverse-cutting flutes. As per research, screws with the following diameter 2.5 mm, 3 mm, 3.5 mm, 4 mm, 4.5 mm, and 5.5 mm are mainly used for fixing bone fragments and small fractures while the ones with diameters 6.5 mm and 7 are used for managing surgical procedures dealing with ilium, fibula, clavicle, radius, femur, talus, patella, tibia, humerus, malleolus, calcaneus, and ulna. Cannulated screws do not have heads found on typical screws and are manufactured or designed, especially for medical purposes. The industry for headless compression screws is growing at a steady pace driven by several advantages offered by these implants.

Key Insights:

• As per the analysis shared by our research analyst, the global headless compression screws market is estimated to grow annually at a CAGR of around 4.53% over the forecast period (2023-2030)
• In terms of revenue, the global headless compression screws market size was valued at around USD 321.59 million in 2022 and is projected to reach USD 457.18 million, by 2030.
• The headless compression screws market is projected to grow at a significant rate due to the growing number of scaphoid fracture surgeries
• Based on application segmentation, food & ankle was predicted to show maximum market share in the year 2022
• Based on type segmentation, fully threaded screw was the leading segment in 2022
• On the basis of region, North America was the leading revenue generator in 2022

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Headless Compression Screws Market: Growth Drivers

Growing number of scaphoid fracture surgeries to drive market growth

The global headless compression screws market is expected to grow owing to the increasing number of scaphoid fracture surgery across the globe. As per a report published by the National Institute of Health (NIH), the rate of scaphoid surgeries between 2006 and 2012 increased by 12%. This type of fracture can impact people of all age groups and genders since it is associated with physical trauma especially falling. Research indicates that scaphoid fracture makes up for around 15% of all wrist injuries. There are multiple reasons for a person falling including being physically active or employment-induced risks such as painting, construction, window washing, and many more. As the number of patients requiring surgical intervention for treating scaphoid fractures grows, the demand for headless compression screws is expected to surge. In around 70% of scaphoid fracture cases, the waist section of the scaphoid bone is damaged.

Increasing sports injuries to create augmented demand

One of the leading reasons for the higher use of headless compression screws is the increased number of sports-related injuries caused by fractures in the scaphoid bone. In sports such as cricket, American football, soccer, rugby, ice hockey, and wrestling players are more vulnerable to witness fracture of the scaphoid. With the tremendous proliferation of the sports industry at regional, state, national, and international levels, more people are participating in sports activities. In addition to this, schools, colleges, and universities also promote student’s participation in sports as a means of helping students achieve comprehensive growth. According to John Hopkins Medicine, more than 3.5 million children globally suffer from sports-induced injuries due to participation in several recreational activities. On the other hand, at more professional levels, sports events are getting more competitive with every passing year. Team owners and sponsors are spending heavily on ensuring the physical and mental well-being of their players resulting in higher demand for world-class treatment facilities for sports players.

Headless Compression Screws Market: Restraints

Inefficiency of X-ray procedures in detecting scaphoid fractures limits the market growth

The global headless compression screws market growth may be limited since scaphoid fractures for which headless compression screws are required do not show up during X-ray procedures. These types of fractures are called occult scaphoid fractures and could limit market growth in case the medical professional fails to conduct more tests to determine the exact reason for associated symptoms. The additional tests required may include Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) scan.

Headless Compression Screws Market: Opportunities

Increasing innovation in the market to create expansion opportunities

The industry for headless compression screws is showing positive signs of further growth as the market is filled with innovation in terms of implant design and performance. In August 2023, Acumed, a leading manufacturer of medical devices, announced the launch of its next-generation Acutrak 3 Headless Screw System. The main features of the device are its simplicity, ease of use during operating procedures, and versatility. The company plans to push the reputation created by its predecessor Acutrak 2 to new levels by offering advanced design. The launch includes the launch of a new 2.0 mm diameter Nano screw while extending the current portfolio of Mini, Micro, and Standard screws. In Addition to this, in March 2021, OSSIO Inc., in the US, launched the first bio-integrative headless compression screws in the form of OSSIOfiber Compression Screws. OSSIO also became the first commercial user of its product when medical professionals performed Medial Malleolar Fracture and Lapidus procedures and an MTP/MPJ Fusion process. The company has already procured funding of USD 20 million that it intends to spend on advancing commercialization and product development. Other prospective features that could promote market growth include product availability in titanium and stainless steel forma along with access to several types of headless compression screws including fully and partially threaded and varying thread pitch.

Headless Compression Screws Market: Challenges

Challenges associated with regulatory compliance and lack of sufficient healthcare infrastructure to create growth barriers

The headless compression screw industry growth is expected to be constrained due to the challenges associated with market operation in a strict regulatory environment. All types of medical devices are subject to regional guidelines that determine if the product is suitable for commercial use in a country. These frameworks vary from one nation to another and are resource-intensive procedures demanding time and money. Furthermore, the skilled expertise required to use headless compression screws is limited to specific countries with an efficient medical infrastructure system.

Headless Compression Screws Market: Segmentation

The global headless compression screws market is segmented based on application, type, and region.

Based on application, the global market segments are foot & ankle, wrist, hand, and others. In 2022, the highest growth was observed in the ankle and foot segments since the number of food & ankle-based injuries is growing rapidly. Children and people below the age of 30 years are highly prone to foot and ankle injuries leading to undergoing surgical procedures. In addition to this, factors such as increasing sports undertakings and higher access to primary healthcare have led to greater demand for headless compression screws. During the forecast period, all segments are projected to grow at a steady pace.

Based on type, the headless compression screws industry divisions are both ends threaded screw and fully threaded screw. In 2022, the highest revenue-generating segment was fully threaded screw. It controlled over 61.5% of the total revenue. These devices are primarily used in fixing bone fragments during procedures that do not require attaining compression. They are used for bone stabilization. On the other hand, both ends of threaded screws have more applications in procedures requiring compression of the bone fragments.

Headless Compression Screws Market: Report Scope

Headless Compression Screws Market: Regional Analysis

North America to register the highest growth rate during the projected period

The global headless compression screws market will be led by North America during the forecast period driven by several factors. The foremost reason is the growing number of people undergoing fixing of extra-articular & intra-articular fractures, arthrodesis of small joints, nonunions of small bones & small bone fragments, bunionectomy, and osteotomies. The medical procedure of osteotomy is performed for multiple reasons including correcting the angle, bowing or rotation of your bones, shortening of bones, relieving pain caused by osteoarthritis, and other conditions that necessitate undergoing the bone-cutting procedure. Factors such as increased sports injuries, rising geriatric population, higher access to preliminary medical care, and the presence of a robust healthcare system have contributed to higher regional growth in addition to the regional market being rich in medical device manufacturers catering to the dynamic needs of the North American medical system. In addition to this, the growing focus on targeting emerging markets and surging international collaboration for research & development may result in substantial regional revenue.

Headless Compression Screws Market: Competitive Analysis

The global headless compression screws market is led by players like:

• Wright Medical Group N.V.
• DePuy Synthes (a Johnson & Johnson company)
• Medtronic
• Skeletal Dynamics LLC (a Medartis company)
• Stryker Corporation
• Integra LifeSciences Corporation
• Zimmer Biomet
• ConMed Corporation
• Orthofix Holdings Inc.
• OsteoMed
• Xtant Medical Holdings Inc.
• Smith & Nephew
• Arthrex Inc.
• NuVasive Inc.
• Acumed LLC.

The global headless compression screws market is segmented as follows:

By Application

• Foot & Ankle
• Wrist
• Hand
• Others

By Type

• Both Ends Threaded Screw
• Fully Threaded Screw

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa