Osteosynthesis Devices Market was worth $ 8.3 billion US dollars projected to reach US$ 15.7 billion by 2031

In 2021, the market for Osteosynthesis Devices worldwide was worth $ 8.3 billion US dollars. AMR Group projects that the market will reach US$ 15.7 billion by 2031, growing at a CAGR of 8.5 percent between 2022 and 2031.

Industry Overview

Osteosynthesis Devices are used in Osteosynthesis which is the process used in the reduction & internal fixation of fractures with an implant. Surgical procedures in this treatment are performed using an open or percutaneous approach of the fractured bone in the body. With the rising incidences of bone injuries and fractures throughout the globe, osteosynthesis devices are in demand for the surgical procedures. This surgery is performed by the special designed metal plates, screws, and nail-shaped osteosynthesis devices are utilized to heal and repair bone by compression technique between fragments and achieve fracture healing. Furthermore, Internal fixation osteosynthesis devices provides that the bones heal and fuse in the correct position during and after the healing process. During the surgical treatment, bone fragments are repositioned into the ideal position and are then held together with internal fixation osteosynthesis devices like screws & plates, wires & pins, intramedullary rods, and nails depending on the area of fixation. These devices are basically made of stainless steel, titanium, and cobalt & chrome alloys, with titanium being the most preferred material due to its durability and its elasticity.

Osteosynthesis devices are divided majorly into two, internal fixation devices & external fixation devices. The application of these devices is completely based on the type of injury. External fixation devices provide stabilize bone & soft tissues with minimum invasion. Internal fixation osteosynthesis devices includes surgical implementation of implants that help in bone healing.

Market Dynamics

The global Osteosynthesis Devices market is rising in demand for better facilities in orthopedic surgeries, increasing incidences of osteoporosis, along with increase in investments by governments & multinational companies. According to the International Osteoporosis Foundation, around 8.9 million fractures per year across the world are mainly caused due to osteoporosis, resulting in an osteoporotic fracture every few period of time.

Technological advancements are driving the Osteosynthesis Devices market by providing the development of more advanced devices that incorporate advanced technologies & equipment's. The rising prevalence of oral health diseases, moderate activity, changing lifestyles, and consumer awareness are the factors boosting the growth of Osteosynthesis Devices market during the forecast period. An increase in the incidences of osteoporosis demands for high quality facilities in orthopaedic surgeries, is the major driver of the global Osteosynthesis external fixation devices market. Growing investment by dominant key players and government organizations are giving a lucrative opportunity for the global market. Age related fractures are projected to rise in nationally from 2.1 million in 2005 to over 3 million in 2025, by rising geriatric population at risk. Additionally, biodegradable implants made of polymers, calcium phosphate ceramics, iron, glass, and magnesium and its alloys are enhancing popularity due to their superior bio-compatibility and workability are expected to hinder the market growth of Osteosynthesis Devices.

Click Here To Access The Free Sample Report @ https://analyticsmarketresearch.com/sample-request/osteosynthesis-devices-market/33360/

COVID Impact

The COVID-19 pandemic gave a mild negative impact on the Osteosynthesis Devices business market. The COVID-19 pandemic became as a global health crisis and inflicted notable disease burden and financial adversities on several sectors of the global economy. As the Corona virus transmission was at its peak, prohibition of social gathering and complete lockdown was bounded by the government. As the virus is majorly transmitted throughout the globe people tended less to go out of there house and which caused no injuries and bone fractures leading no growth and demand for the Osteosynthesis Devices. Also, many patients restricted themselves from visiting the hospitals in the fear of COVID-19 transmission. This caused the reduction in use of Osteosynthesis Devices and reduced the demand for advanced equipment for non-invasive dental treatments. Moreover, due to economic crises faced by many people in the pandemic, they were unable to afford expensive dental treatment which has further resulted in the decreased growth of Osteosynthesis Devices market.

Regional Trend

Geographically, North America dominated the Osteosynthesis Devices market and had the largest revenue share of 52.6% in 2022. The growth in this region can be attributed to due to the significant government efforts, new product releases, and substantial R&D expenditures. Rising healthcare expenses of the major orthopedic device market in the U.S. making it the most financially advantageous and the largest market for osteosynthesis equipment. With reference to A survey conducted by the American hospital association, states that there was more number of joint replacement centers in the United States as compared to other regions in the globe. Bone replacement centers in the U.S provide advanced facilities to stabilize patients and arrange more appropriate facility for them.

Asia Pacific region is expected to present outstanding Osteosynthesis Devices market opportunities due high population density and rapid expansion of healthcare infrastructure and reach. Additionally, the growing disposable income in countries like India and Japan is further contributing to the region's positive market growth. Rise in awareness among parents about the potential long-term effects of facture treatments in patients has enhanced the emphasis on early diagnosis & treatment.

Competitive Landscape

Key players operating in the Osteosynthesis Devices Market includes, Arthrex, B. Braun Melsungen AG, DePuy Synthes, Inc. (J & J Company), G.S. Solutions, Inc., Globus Medical, Inc., GS Medical LLC, Lepu Medical Technology(Beijing) Co., Ltd., Life Spine, Inc., Medtronic, MicroPort Orthopedics, Inc., Néosteo SAS, Olympus Corporation, Precision Spine, Inc., Smith & Nephew, Stryker and Zimmer Biomet Inc. among others. In July 2019, the German organization aap Implante stated plans to shut down operating its standard trauma business, which includes the company's brand of standard plates and screws, and rather focus on its line of the cannulated screw, LOQTEQ plating systems, and greater anatomic plates and screws.

Key USP's-

Smith & Nephew introduced its EVOS WRIST anatomic plating system in 2019. EVOS WRIST enables titanium and stainless steel plates for various anatomies, like the volar, forearm, and dorsal.

Market Segmentation

Based upon the Type in the Osteosynthesis Devices market is segmented in Internal Devices and External Devices. The Type segment is dominated by Internal Devices with the highest revenue share from this segment in the Osteosynthesis Devices market for 2021. Type segment rises due to increasing adoption of fixing fractures, metal plates, screws, and nails are the most often utilized internal fixation devices. Based on the Material, the Osteosynthesis Devices market is segmented into Degradable and Non-degradable. In the material segment the most dominant market is Non-degradable which is a segment represented the largest revenue share of 81.8% of the market. Companies are developing solutions for the enhancing its anatomic plate and screw sectors, especially for less prevalent indications, are boosting the market segment. Based on the Fracture Type, the Osteosynthesis Devices market is segmented into Skull, Facial Bones, Sternum or One or More Ribs, or Both, Clavicle, Scapula, or Humerus, Radius or Ulna, or Both, Hand, Wrist, or Other Distal Part of Hand, Vertebral Column, Pelvis, Hip, Femur, Other Than Femoral Neck, Patella, Tibia or Fibula, or Ankle, and Foot Bones Except Ankle.

End user segment of Osteosynthesis Devices market is further bifurcated into Hospitals, Orthopedic Specialist Clinic, and Others. The Hospital segment held major share of the global market in 2021. Demand for medical procedures, including Osteosynthesis Devices, is high in hospital due to the rising number of patients visiting for treatment.

By Type

· Internal Devices

o Screws & Plates

o Wires & pins

o Intramedullary rods and nails

o Spinal fixation devices

· External Devices

o Fracture fixation

o Bone lengthening

By Material

· Degradable

· Nondegradable

By Fracture Type

· Skull

· Facial Bones

· Sternum or One or More Ribs, or Both

· Clavicle, Scapula, or Humerus

· Radius or Ulna, or Both

· Hand, Wrist, or Other Distal Part of Hand

· Vertebral Column

· Pelvis

· Hip

· Femur, Other Than Femoral Neck

· Patella, Tibia or Fibula, or Ankle

· Foot Bones Except Ankle

By End User

· Hospitals

· Orthopedic Specialist Clinic

· Others

Purchase This Premium Report Now @ https://analyticsmarketresearch.com/purchase/osteosynthesis-devices-market/33360/?license=single

Global Osteosynthesis Devices Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Osteosynthesis Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, 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), and Argentina, Brazil, and Rest of South America as part of South America.

Global Osteosynthesis Devices Market: Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?

Read Full Research Report @ https://analyticsmarketresearch.com/reports/osteosynthesis-devices-market/33360/

Contact US:
Analytics Market Research
99 WALL STREET, #2124 NEW YORK, NY 10005
Phone: +1(650)-666-4592
Email: sales@analyticsmarketresearch.com
Website: https://analyticsmarketresearch.com/contactus/

About US:
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

This release was published on openPR.