Press release
Osteosynthesis Devices Market to Reach $11.97 Billion by 2028 with 7.2% CAGR Driven by Medical Advancements
Osteosynthesis Devices Market Report
As per the report, the osteosynthesis devices market size has grown strongly in recent years. It will grow from $8.87 billion in 2023 to $9.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The osteosynthesis devices market size is expected to see strong growth in the next few years. It will grow to $11.97 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
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Rise In The Incidence Of Road Accidents Drives The Osteosynthesis Devices Market
A rise in the incidence of road accidents is expected to propel the growth of the osteosynthesis devices market going forward. Road accidents refer to incidents that occur on roadways when vehicles collide with each other or with other objects, resulting in damage to the vehicles and injuries to the people involved. Road accidents frequently result in severe orthopedic injuries, such as fractures and bone breaks. Osteosynthesis devices aid in the rehabilitation and recovery of accident patients by restoring mobility and functionality. For instance, in May 2022, according to the National Highway Traffic Safety Administration, a US-based government agency, an estimated 42,915 people died in motor vehicle traffic crashes in 2021, a 10.5% increase from 2020. Therefore, the rise in the incidence of road accidents is driving the growth of the osteosynthesis devices market.
Increasing Focus On Medical Advancements To Provide Reliable Services To Their Customers
Major companies operating in the osteosynthesis device market are focusing on developing innovative variable-angle locking compression plates to provide reliable services to their customers. A variable angle locking compression plate (VA-LCP) is a type of orthopedic implant that is utilized in fracture repair and bone restoration procedures. For instance, in June 2021, DePuy Synthes, a US-based orthopedics company, launched the 2.7-mm Variable Angle Locking Compression Plate (VA LCP) Clavicle Plate System. The novel plate system is utilized to treat small, medium, and major clavicle lateral, shaft, and medial fractures. The new approach provides plate forms that take into account the association between patient stature and clavicle size in order to fit the bow and contour of the clavicle and allow a wide range of clavicle anatomic variability. This technique offers an improved sequence of lengths with innovative shape and form, suiting the range of adult clavicle dimensions, a better plate fit, optimized fixation of fractures in all adult patient groups, and maybe less implant removal required due to plate prominence.
The osteosynthesis devices market covered in this report is segmented -
1) By Device Type: Internal Fixation Devices, External Fixation Devices
2) By Fracture Type: Hip Fracture, Knee Fracture, Spine Fracture, Shoulder Fracture, Foot And Ankle Fracture, Facial Bones Fracture, Other Fracture Types
3) By Material: Non-Degradable, Degradable
4) By End User: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
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Major companies operating in the osteosynthesis devices market report are Medtronic plc, Stryker Corporation, B. Braun SE, DePuy Synthes Inc., Zimmer Biomet Holdings Inc., Smith & Nephew PLC, Arthrex Inc., NuVasive Inc., CONMED Corporation, Globus Medical Inc., Bioventus LLC, LimaCorporate S.p.A., Medartis AG, Paragon 28 Inc., KLS Martin Group, Orthofix Medical Inc., Groupe Lepine SAS, Acumed LLC, Merete GmbH, Tyber Medical LLC, GPC Medical Ltd., Skeletal Dynamics LLC, Matrix Meditec Private Limited, Pega Medical Inc., Gauthier Biomedical Inc
Contents of the report:
1. Executive Summary
2. Osteosynthesis Devices Market Report Structure
3. Osteosynthesis Devices Market Trends And Strategies
4. Osteosynthesis Devices Market - Macro Economic Scenario
5. Osteosynthesis Devices Market Size And Growth
…..
27. Osteosynthesis Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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