In Europe, the plate and screw market value was approximately €287.6 million in 2020. The 2020 market value experienced only a minor decrease from the 2019 valuation as a result of COVID-19, since the market was already declining. Despite this, the market size is to remain flat at around €286.8 million by 2026.
WHAT SEGMENTS AND MATERIALS DOES THE REPORT INCLUDE?
Overall, iData’s market report for plates and screws includes:
- Anatomical plates and screws
- Generic plates and screws
Anatomical plates fit specific bones by having contoured shapes and are usually low-profile plates. Not only does this improve the ability for the bone to repair to its natural shape, but also allows the plate to be cut more closely around the screw holes. Usually, for both anatomical and generic plates, there are two types of screws, cortical and cancellous. Cortical screws have finer threads that run along the length of the shaft. On the other hand, cancellous screws have coarser threads that only run at the distal end of the shaft.
Bone is living tissue and, when subject to impact, is prone to fracture. The introduction of plates and screws allowed for stable fracture fixation, minimizing the mechanical strain on the bone. In terms of materials, plates and screws are made from stainless steel alloys or titanium. Titanium is usually more popular because of its biocompatible abilities and lower degree of load-bearing. The use of titanium has been rapidly increasing in Europe in small and mini fragments as surgeons become aware of its benefits in smaller anatomies.
WHAT ARE THE KEY MARKET TRENDS IN EUROPE’S PLATE AND SCREW MARKET?
The plate and screw market continues to shift towards anatomical plates, due to the improved fracture recovery for patients. Furthermore, anatomic plates are more complex than generic plates meaning that the average selling price is higher. Thus, the overall plate and screw market’s shift to anatomic plates is helping boost the value of the market.
Additionally, plates are usually chosen based on whether they will be taken out or left in permanently. In Europe, in contrast to North America, it is more likely that the plate will be removed following the patient’s recovery. This trend is helping to stem the decline of the stainless steel market as titanium plates have been negatively associated with cold welding. While this trend does affect the market, many still expect titanium to be the material of preference by the end of 2026.
HOW HAS COVID-19 IMPACTED EUROPE’S PLATE AND SCREW MARKET?
COVID-19 has made an impact, whether positive or negative, on almost every market globally. As you may have guessed, the global pandemic also impacted Europe’s plate and screw market. But, not as much as you may think. One of the major trauma centers in England with a capacity of over 800 beds and over 680,000 patients seen per year reported a significant reduction in the number of traumatic injuries during the lockdown. However, Europe’s plate and screw market was already declining before COVID-19. When the global pandemic hit Europe, the decline in the plate and screw market was minimal, with a change of about 0.2%.
iData’s MedCore report breaks down each plate and screw market segment and includes market overviews and forecasts, drivers and limiters, competitive market share analysis, and more. Thus, if you’re curious to know what the future has in store for this market outside of COVID-19, click the link below.