Medical Fasteners Market is Forecasted to Reach US$ 9.5 Billion in 2031, Says Stratview Research

Stratview Research, a global market research firm has launched a report on the global medical fasteners market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2024: US$ 6.8 billion

Market Size in 2031: US$ 9.5 billion

Growth (CAGR): 4.5% during 2025-2031

Leading Application Type: High-Value Consumables

Leading Material Type: Titanium

Leading Fastener Type: Screw

Leading Threading Type: Threaded Type

Leading Region: North America

Forecast Period: 2025-2031

Trend Period: 2019-2023

Base Year: 2024

Number of Segments Covered: 5

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the Medical Fasteners Market:

The global medical fasteners market is segmented based on application type, material type, fastener type, threading type, and region.

Based on application type - The medical fasteners market is segmented into High-Value Consumables, Low-Value Consumables, Medical Equipment, and IVD. High-value consumables are expected to remain dominant, whereas IVD will be the fastest-growing application type of the market during the forecast period. Growing demand for orthopedic procedures, such as cases of fractures, joint replacements, and spinal disorders, increase in the elderly population leads to osteoporosis, arthritis, and degenerative bone diseases; rising adoption of dental implants for tooth replacement and reconstruction, and increase in cardiovascular diseases which drives the demand for pacemakers and defibrillators are key factors driving the demand of fasteners in high-value consumable applications.

Based on the material type – The market is segmented into Titanium, Stainless Steel, and Other Material Types. Titanium is likely to hold the dominant position of the market during the forecast period. Titanium occupies the largest share in the medical fasteners market, owing to its properties, such as biocompatibility, corrosion resistance, high strength to weight ratio, exceptional mechanical properties, durability, non-magnetic and MRI compatibility, and making them ideal for medical implants and devices. Titanium meets the stringent regulatory medical standards, and it is widely accepted across the global healthcare industry.

Based on the fastener type - The market is segmented into Screw, Bolt, Nut, and Other Fastener Types. Screw is expected to remain the most dominant fastener type of the market over the forecasted years. Screws dominate the medical fasteners market due to their strong holding ability and ease of use in orthopedic surgeries and implants. Their high level of secure fixation, availability in various sizes, and biocompatibility make them a preferred choice. Additionally, their adaptability for minimally invasive procedures further drives their demand.

Based on the threading type - The market is segmented into in Threaded and Non-Threaded. Threaded fasteners are likely to be the most preferred fastener type of the market during the forecast period. Threaded fasteners offer superior mechanical strength, high secure fastening capacity, and ease of assembly and removal. Their widespread use in orthopedic and dental surgeries, biocompatibility, adaptability for minimally invasive procedures, and availability in various sizes make them essential for critical medical applications. Additionally, their compliance with regulations and standards makes them even more reliable and widely used.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for the medical fasteners market. This growth outlook is majorly attributed to the following–

-         Advanced healthcare infrastructure

-         High R&D investment in medical technology and innovations

-         Rising cases of orthopedic conditions, such as osteoporosis and arthritis

-         High rates of joint replacements, trauma surgeries, dental implants

-         Technological advancement.

Likewise, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The key driving factors include expanding healthcare infrastructure, a growing aging population, rising medical tourism, rising orthopedic and dental treatments, and technological advancements. China is the growth engine of the region’s market owing to being the largest medical device manufacturing hub and rapid healthcare infrastructure expansion.

Medical Fasteners Market Drivers:

Some of the key drivers listed in the report are given below.

-         Increase in demand for orthopedic, dental, and CMF implants.

-         Increasing global and regional expansion of medical device manufacturing.

-         Technological advancements include using advanced materials, innovative coatings, precision manufacturing, bioabsorbable technology, and miniaturization.

-         Rise in aging population leads to higher demand for implants and surgical procedures.

-         Growing investment in healthcare infrastructure, including R&D investments.

-         Stringent regulatory compliance and quality standard drives the demand for high-performance fasteners.

Top Companies in the Medical Fasteners Market:

The market is moderately concentrated, with some local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players.

-         DePuy Synthes (part of Johnson & Johnson)

-         Stryker Corporation

-         Zimmer Biomet Holdings, Inc.

-         Bossard Group

-         PennEngineering

-         Smith Nephew plc

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Polyimide film market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

-         Medical Implant Fasteners Market

-         Spinal Implants and Surgical Devices Market

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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