Industry Overview of Osteosynthesis Devices Market
Osteosynthesis devices are implantable devices utilized in reconstructive orthopedic surgeries to stabilize and unite fractured and broken bone fragments. These devices include a range of products such as bone lengthening and Ilizarov devices, fracture fixation solutions, washers, Kirschner wires (K-wires), plates, screws, spinal fixations, and intramedullary rods, both as internal and external options. Osteosynthesis devices are made from various materials, including degradable and non-degradable substances like zinc, magnesium, titanium, iron, glasses, metallic alloys, polymers, and ceramics. Their purpose is to enhance the contact surface between the implants and osteoporotic bone, correct bone positioning, promote healing, and provide optimal stability and improved clinical outcomes. As a result, osteosynthesis devices are widely employed in hospitals and orthopedic specialist clinics worldwide.
How Big Is the Osteosynthesis Devices Market?
The global osteosynthesis devices market size reached US$ 9.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 13.7 Billion by 2028 exhibiting a CAGR of 6.8% during 2023-2028.
Osteosynthesis Devices Market Trends and Drivers:
The osteosynthesis devices market is being driven by the increasing incidence of road accidents worldwide and the rising prevalence of bone fractures and osteoarthritis, particularly among the elderly population. Moreover, the growing demand for bone surgeries and the shifting preference towards minimally invasive procedures are significant factors contributing to market growth. Government bodies in multiple countries are also implementing favorable policies to support and promote biomedical companies in manufacturing a wide range of osteosynthesis devices for various body parts. Furthermore, advancements in healthcare infrastructure and the use of biocompatible and bioabsorbable materials in the production of plates, wires, rods, pins, and screws, offering advantages such as avoiding device removal and promoting faster bone healing, are expected to further propel the market in the coming years.
Global Osteosynthesis Devices Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 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.
The report segmented the market based on region, 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
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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