Shift Towards Anatomical Plates Boosts Europe’s Plate and Screw Market Following Stagnation and Declines

No comments

Orthopedic Trauma Plate and ScrewsiData Research (iData), a global consulting and market research firm, has released updated research on Europe’s plate and screw market, addressing key insights and the consequences of COVID-19 in 2020, and beyond. While the value of the total plate and screw market has started to decrease, partially due to COVID-19, iData forecasts that prices in the overall market will remain mostly flat. Slight increases in the market are expected by 2026 due to demographic factors, anatomic and titanium plates and screws, and the increasing preference for internal fixation. 

According to iData’s European Plate and Screw Market Report, the European market was estimated at around €287.6 million in 2020. The 2020 market value experienced only a minor decrease from the 2019 valuation due to COVID-19 as the market was already declining. Despite this, the market size is expected to remain flat at around €286.8 million by 2026. Although the future valuation is almost the same as the 2020 value, unit sales are expected to increase towards the end and beyond the forecast period. This increase follows several years of a market decline, making many hopefuls for the future. This report includes unit sales, average selling prices, market drivers and limiters, competitive market share analysis, and more

iData’s analysis covers both the anatomical and generic plate and screw markets in extensive detail. The plate and screw market continues to shift towards anatomical versions of plates, due to their improved fracture recovery for patients. Furthermore, the greater complexity of anatomic plates over generic plates means that prices in this market are higher. Thus, the overall plate and screw market’s trend to shift to anatomic is helping boost the value of the market. 

“Price drops are typical of the European trauma market”, Dr. Kamran Zamanian, Senior Partner and CEO of iData Research mentions, “Where either tender systems or purchasing groups continually apply pressure on manufacturers to reduce prices.”

Among the many competitors within these global markets, DePuy Synthes, Stryker, and Smith & Nephew are the leaders followed by Zimmer Biomet and Acumed. Wright Medical and Königsee Implantate are trailing the leaders by a substantial margin, pushing for a larger share of the global market. There is a multitude of other competitors analyzed within this report which have one or more products offered in this space.

To accurately estimate market shares, units sold, average selling prices, product segments, and brands as well as procedural volumes, iData Research uses its proprietary market and procedure databases, as well as hospital purchase order data to complement its primary and secondary research initiatives.

Follow the link below to download a Free Research Summary of the European Market Report for Plates and Screws:

https://idataresearch.com/product/trauma-devices-market-europe/

For Further Information

More insights like this can be found in the latest reports by iData. Please email us at [email protected] or register online for a brochure and synopsis.

Request a Sample Market Report on EU Plate and Screw Market

Emma MatrickShift Towards Anatomical Plates Boosts Europe’s Plate and Screw Market Following Stagnation and Declines