Osteosynthesis Devices Market Size Worth USD 4.34 Billion, Globally, by 2029 Analysis By DBMR

Osteosynthesis Devices Market research report delivers a comprehensive analysis of the market structure along with a forecast of the diverse segments and sub-segments of the market. The base year for calculation in the report is taken as 2020 and the historic year is 2019 which will tell how the market is going to perform in the forecast years by informing what the market definition, classifications, applications, and engagements are. The report gives helpful insights which assist while launching a new product. it is a professional and detailed report focusing on primary and secondary drivers, market share, leading segments, and geographical analysis.

Data Bridge Market Research analyses that the osteosynthesis devices market, which was valued at USD 2.47 billion in 2021, would rocket up to USD 4.34 billion by 2029, and is expected to undergo a CAGR of 7.30% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Osteosynthesis is usually the reduction and internal fixation of a  fracture with a metal implant. Surgical procedures are performed using an open or percutaneous approach to the fractured bone. With the increasing prevalence of fractures worldwide, osteosynthesis devices are needed. Specially designed metal plates, screws, and nail-shaped osteosynthesis devices are used to scientifically repair bone by compression between fragments and achieve fracture healing.

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Global Osteosynthesis Devices Market Dynamics

Drivers

Inclination Towards Minimally Invasive Osteosynthesis Devices

The incidence of proximal humerus fractures in the elderly is increasing. Treatment management is complicated by the complexity of fractures and the patient's comorbidity. The principle of minimally invasive surgery is to achieve the best results with minimal impact on the functional structure. Minimally invasive surgery reduces surgical exposure, risk of infection, blood supply, soft tissues, and skin damage. Thus, the rapid shift towards minimally invasive osteosynthesis devices is driving the market growth more rapidly.

Rising Prevalence of Osteoarthritis among the Elderly Population

The increased prevalence of osteoarthritis and osteoporosis is crucial to the increasing demand for osteosynthesis devices. Both medical problems pose a significant public health burden as they are common in geriatric populations around the world. The increase in the number of patients suffering from these diseases is directly related to the increase in the elderly population. Hence, more use of osteosynthesis devices will be on the rise.

Adoption of  Bone-Related Surgeries

Surgical treatment of orthopedic disorders is increasing, from fracture repair to arthroplasty. Orthopedic implants are needed for severe fractures requiring readjustment and fixation for proper healing or for bone defects that cannot be regenerated. For instance, the strength of threaded devices embedded in the bone to support as diverse materials as sutures used to repair torn tendons and spinal instruments, as these types of procedures become more prevalent.

Opportunities

Traumatic Incidents along with other comorbidities

Traumatic incidents such as road traffic and sports accidents, coupled with several types of cancer that lead to mild fractures, are notable factors responsible for the industry's growth.

Global Osteosynthesis Devices Market Scope

The osteosynthesis devices market is segmented on the basis of type, material and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Internal

Screws and Plates

Wires and Pins

Intramedullary Rods and Nails

Spinal Fixation Devices

External

Fracture Fixation

Bone Lengthening

Material

Degradable

Non-degradable

End-User

Hospitals

Orthopedic Specialist Clinic

Others

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Global Osteosynthesis Devices Market Regional Analysis/Insights

The osteosynthesis devices market is analyzed and market size insights and trends are provided by country, type, material and end-user as referenced above.

The countries covered in the osteosynthesis devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the osteosynthesis devices market. The large market for orthopedic devices is concentrated in the U.S., with rising medical costs accounting for 17.5% of the country's GDP, making the United States the most commercially profitable and largest market for osteosynthesis devices.

The Asia-Pacific is expected to grow at a significant growth rate over the forecast period of 2022 to 2029 due to its high population density and rapid expansion of healthcare infrastructure and reach.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Some of the major players operating in the osteosynthesis devices market are:

Johnson & Johnson Private Limited (U.S.)

Smith+Nephew (U.S.)

Stryker (U.S.)

Zimmer Biomet (U.S.)

Globus Medical (U.S.)

G.S. Solutions, Inc (U.S.)

Life Spine, Inc. (U.S.)

MicroPort Scientific Corporation (China)

Néosteo SAS (France)

Precision Spine, Inc. (U.S.)

B. Braun Melsungen AG (Germany)

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Research Methodology: Global Osteosynthesis Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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About Data Bridge Market Research, Private Ltd

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