Global Lateral Plating Systems Market
Lateral plating systems provides an easy and simple approach to fix fractures, degenerative conditions of spinal column, tumors, etc. Lateral plating systems are generally indicated to fix the orthopedic indications of hand, vertebral column, foot and cranium. Lateral plating system has revolutionized the treatment and management fractures and degenerations of critical bones such as elbow and ankle bones. Lateral plating system provide optimal stabilization to the fractured bones and also increases the safety of a spine surgery. Traditional extensive lumbar spinal fusion procedures are associated with significant blood loss, post-operative pain, and extended hospital stay. However, minimally invasive lateral access procedures are safer, more effective and muscle sparing. Lateral approach is now a days used for majority of spine conditions such as degenerative disc disease, spinal instability, osteomyelitis, spondylolisthesis, pseudoarthrosis and trauma. In case of lateral ankle plating system provide ankle fusion while retaining the motion ability.
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Some of the commercially available lateral plating systems include Lat-Fuse, CAYMAN lateral plate system, SKYHAWK lateral interbody fusion system, Loqteq, Accufit, golden gate, MaxLock Extreme, A.L.P.S proximal tibia plating system, AxSOS, VariAx Clavicle, Anthrex ankle fusion plating system, INITIAL SENTRY, ORTHOLOC 3Di, PERI-LOC VLP etc.
The global market for lateral plating systems is expected to be driven by increasing incidence of trauma injuries, growing number of fractures, patient preference to minimally invasive surgical procedures, Increasing incidence of co-morbidities in geriatric population etc. Apart from this, launch of new lateral plating systems such as AccuFit by Precision Spine, Inc., Lateral Plate by Tyber Medical etc., technological advancements in fracture fixation, favorable reimbursement policies etc. are some of the factors fueling the growth of global lateral plating systems market over the forecast period. For instance, A.L.P.S. proximal tibia plates system from Biomet Orthopedics represents the next generation plating for plateau fractures by combining benefits of low profile titanium plates with multi-planar lock technology. However, unawareness towards the lateral plating system approach and high cost of the procedure are few factors expected to hinder the growth of global lateral plating systems market.
Various technologies being used in the lateral plating systems are tifix locking technology (K2M, Inc.), Tap-Loc technology (Acumed LLC), LoqTeq (APP Implantate AG), MaxTorque compression screw technology (Tornier, Inc.) etc.
Based on end user, the global lateral plating systems market has been segmented into hospitals and orthopedic clinics. Hospitals are expected to contribute highest share in the global lateral plating systems market over the forecast period due to requirement of advanced healthcare infrastructure for conducting delicate spine procedures.
On the basis of regional presence, global lateral plating systems market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead the global market due to increasing number trauma incidences and fractures, while Europe is expected to hold second largest market share in the global market. Market in APAC region is expected to witness significant growth rate over the forecast period owing to expansion activities by key market players in the region.
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Some of the players operating in global lateral plating systems market are RTI Surgical, Inc., K2M, Inc., Orthofix Holdings, Inc., Tyber Medical LLC, Synthes Inc., Acumed LLC, Precision Spine, Inc., ulrich medical USA, Tornier, Inc., Biomet Orthopedics, Stryker Corporation, Arthrex Inc., Life Spine, Inc., Wright Medical Group N.V., Smith & Nephew, Inc., APP Implantate AG and others.
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