The global osteosynthesis devices market size reached US$ 9.7 billion in 2023. The market is projected to reach US$ 16.7 billion by 2032, exhibiting a growth rate (CAGR) of 6.16% during 2023-2032. The increasing incidences of road accidents across the globe and the rising prevalence of bone fractures and osteoarthritis, especially amongst the geriatric population, represent some of the key factors driving the market.
Osteosynthesis represents a reconstructive orthopedic surgical procedure intended to join and stabilize various broken and fractured bone fragments by using multiple implantable devices, screws, plates, spinal fixations, and intramedullary rods. It encompasses bone lengthening and Ilizarov devices, washers, Kirschner wires (K-wires), fracture fixation solutions, and other medical implants as standard internal and external product types that are commonly used in surgeries. These components are manufactured from several degradable and non-degradable materials, including magnesium, titanium, zinc, iron, metallic alloys, polymers, glasses, and ceramics. Osteosynthesis devices aid in increasing the contact surface between the implants and osteoporotic bone, correcting the bone position, and healing the damages while providing optimal stability and providing better clinical outcomes. As a result, osteosynthesis devices are used in the treatment of hip, femur, hand, wrist, clavicle, scapula, patella, and fibula fractures.
Osteosynthesis represents a reconstructive orthopedic surgical procedure intended to join and stabilize various broken and fractured bone fragments by using multiple implantable devices, screws, plates, spinal fixations, and intramedullary rods. It encompasses bone lengthening and Ilizarov devices, washers, Kirschner wires (K-wires), fracture fixation solutions, and other medical implants as standard internal and external product types that are commonly used in surgeries. These components are manufactured from several degradable and non-degradable materials, including magnesium, titanium, zinc, iron, metallic alloys, polymers, glasses, and ceramics. Osteosynthesis devices aid in increasing the contact surface between the implants and osteoporotic bone, correcting the bone position, and healing the damages while providing optimal stability and providing better clinical outcomes. As a result, osteosynthesis devices are used in the treatment of hip, femur, hand, wrist, clavicle, scapula, patella, and fibula fractures.
Osteosynthesis Devices Market Trends
The increasing incidences of road accidents across the globe represents one of the primary factors driving the market growth. Moreover, the rising prevalence of bone fractures and osteoarthritis, especially amongst the geriatric population is contributing to the market growth. In line with this, the rising need for bone surgeries and the shifting consumer inclination toward minimally invasive operations over full-fledged surgical procedures due to their multiple benefits are acting as another growth-inducing factor. This is primarily because minimally invasive surgeries help achieve better results, reduce the risk of infection, avoid large-scale blood loss, mitigate skin and tissues caused by incisions and offer better clinical outcomes. Additionally, the favorable initiatives being implemented by governments of numerous countries to invest in biomedical companies for manufacturing several osteosynthesis devices for diverse body parts are supporting the market growth. Furthermore, the extensive utilization of biocompatible and bioabsorbable materials to fabricate plates, rods, wires, pins, and screws is favoring the market growth. These components offer various advantages, including eliminating the need to remove osteosynthesis devices and ensuring faster bone healing. Other factors, such as significant enhancements in the healthcare infrastructures and the continuous research and development (R&D) activities in the field of medical sciences to enhance the efficacy of osteosynthesis devices, are creating a positive outlook for the market.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global osteosynthesis devices market, along with forecasts at the global, regional, and country levels from 2023-2032. The report has categorized the market based on type, material, fracture type, and end user.Type Insights:
- Internal
- Screw and Plates
- Wires and Pins
- Intramedullary Rods and Nails
- Spinal Fixation Devices
- External
- Fracture Fixation
- Bone Lengthening
Material Insights:
- Non-Degradable
- Degradable
Fracture Type Insights:
- Patella, Tibia or Fibula or Ankle
- Clavicle, Scapula or Humerus
- Radius or Ulna
- Hand, Wrist
- Vertebral Column
- Pelvis
- Hip
- Femur
- Foot Bones
- Others
End User Insights:
- Hospitals
- Orthopedic Specialist Clinics
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global osteosynthesis devices market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Arthrex Inc., B. Braun Melsungen AG, Globus Medical Inc., GS Medical USA, Johnson & Johnson, Life Spine Inc., MicroPort Scientific Corporation, Neosteo SAS, Precision Spine Inc., Smith & Nephew plc, Stryker Corporation, Zimmer Biomet, etc.Key Questions Answered in This Report:
- How has the global osteosynthesis devices market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global osteosynthesis devices market?
- What are the key regional markets?
- Which countries represent the most attractive osteosynthesis devices markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the fracture type?
- What is the breakup of the market based on the end user?
- What is the competitive structure of the global osteosynthesis devices market?
- Who are the key players/companies in the global osteosynthesis devices market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Osteosynthesis Devices Market
6 Market Breakup by Type
7 Market Breakup by Material
8 Market Breakup by Fracture Type
9 Market Breakup by End User
10 Market Breakup by Region
11 Drivers, Restraints, and Opportunities
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Arthrex Inc.
- B. Braun Melsungen AG
- Globus Medical Inc.
- GS Medical USA
- Johnson & Johnson
- Life Spine Inc.
- MicroPort Scientific Corporation
- Neosteo SAS
- Precision Spine Inc.
- Smith & Nephew plc
- Stryker Corporation
- Zimmer Biomet
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 9.7 Billion |
| Forecasted Market Value ( USD | $ 16.7 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
