The global Osteosynthesis Devices market was valued at USD 7,540.7 Million in 2022 and is expected to reach USD 12.43 Billion by year 2032, at a CAGR of 6.40%.
Osteosynthesis is the fixation of a bone. It’s a surgery to treat bone fractures within which bone fragments are joined with screws, plates, nails, or wires. The broken bone is fastened with those mentioned above and may knit stably within the correct position Different osteosynthesis strategies like screw osteosynthesis, plate osteosynthesis, intramedullary pin osteosynthesis, tension band osteosynthesis, Kirschner wire fixation, external fixation devices, and dynamic hip screws are used and the materials used today are primarily of titanium.
The osteosynthesis market growth is driven by the increase in cases of osteoarthritis, and osteoporosis in the snowballing aging population, rise in the preference for minimally invasive osteosynthesis devices globally and increase in the preference for bone-related surgeries. For instance, according to centers of disease reports the age-adjusted prevalence of osteoporosis at either skeletal site was higher among women (24.8%) than men (5.6%).
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The unadjusted prevalence was higher among adults aged 80 and over (25.7%) than for adults aged 65–79 (12.8%) which is showing lucrative opportunities for the manufacturers of osteosynthesis devices to invest in this market. As these devices are eliminating the need for conventional methods (plaster cast or skeletal traction) and allow the patient undergoing surgery to return to day-to-day life tasks by avoiding any surgical complications they are anticipated to impel the market growth in the foreseeing years. However, reported cases of product recalls may hinder the growth of the osteosynthesis devices market during the analysis period. Asia-Pacific regional segment of the Osteosynthesis devices market is expected to remain the highest growing segment during 2020-2032, at a notable CAGR. The Growing burden of osteoporosis and the rising road injuries will aid in the growth of osteosynthesis devices business in Asia pacific region.
Key Coverage of the Report
- Company profiling with detailed strategies, financials, and recent developments.
- Strategical analysis of micro markets and macro markets with respect to individual growth trends, prospects, and contributions to the overall Osteosynthesis devices market.
- Demand and Supply GAP Analysis.
- Osteosynthesis devices market forecasts for a minimum of 6 years of all the mentioned segments, and the regional markets
- Analysis of the presence of Osteosynthesis devices market in the country along with region-wise analysis and their market penetration across the regions; their structure, i.e., chain, independent, pharmacies, and hospitals; and the availability of Osteosynthesis devices.
- Detailed analysis of information regarding the major factors influencing the growth of the Osteosynthesis devices market (drivers, restraints, opportunities, and challenges).
- The regulatory framework of different nations is analyzed in detail.
- Key strategic initiatives of the Osteosynthesis devices industry like mergers, acquisitions, product developments, product launches, product agreements, regulatory approvals, collaborations, partnerships, market extensions, service launches and market penetration of the market players and their detailed analysis.
- Analysis of competitive intelligence through strategic developments and market opportunities for stakeholders with complete details of the osteosynthesis devices market leaders.
- A comprehensive mapping of the competitive landscape and market participants’ behavior.
- Regional Competitors pipeline analysis of the Osteosynthesis devices market
- Complete Osteosynthesis devices market forecast & estimation of the global Osteosynthesis devices market with respect to five central regions—North America, Asia Pacific (APAC), Europe, Latin America, and the Middle East and Africa (MEA).
Salient Trends of the Osteosynthesis Devices Market
- In March 2019 Stryker Corporation acquired OrthoSpace Ltd. a medical device company founded in 2009 and headquartered in Israel. OrthoSpace’s product portfolio provides a highly differentiated technology for the treatment of massive irreparable rotator cuff tears. The In Space product is a biodegradable sub-acromial spacer, which is designed to realign the natural biomechanics of the shoulder. The technology has a long clinical history with over 20,000 patients treated across 30 countries.
- In October 2023 Johnson & Johnson Medical Devices Company announced that DePuy Synthes Sales, Inc. has entered into an exclusive agreement with Ortho Development Corporation to co-promote in the U.S. its KASM Knee Articulating Spacer Mold.
- In November 2023, Zimmer Biomet Holdings, Inc., a global leader in musculoskeletal healthcare, collaborated with Apple by using Apple Watch and iPhone to change the patient journey for two of the most common surgeries Americans undergo each year – knee and hip replacement. . This collaboration has yielded Zimmer Biomet mymobility, an app that uses Apple Watch to facilitate a new level of connection between patients and their surgical care teams, which can immediately impact the journey patients experience when they undergo these procedures.
- The rapid development in developing countries in the Asia pacific and the technological advancements in North America and European region will boost the market for osteosynthesis devices.
Companies considered and profiled in this market study
DePuy Synthes, Inc., Smith & Nephew Plc., Stryker Corporation, Zimmer-Biomet, Globus Medical, Inc., GS Medical, LLC, Life Spine, Inc., MicroPort Orthopedics, Inc., Neosteo SAS, Precision Spine, Inc. are some of the major players in osteosynthesis devices market.
Market-O-Nomics
- As of 2023, internal product type is the leading product type segment of the global Osteosynthesis Devices However, External type segment is expected to register highest CAGR among Osteosynthesis Devices product type segment.
- Ambulatory surgical centers end use segment was valued at 1.28 billion in 2023 and is expected to grow at the largest rate of 7.0%. Increasing number of cases of injuries due to accidents and therefore emergency requirement for treatment is the primary factor contributing to the market growth of this product segment
- The market for Nondegradable segment is expected to reach USD 6.93 billion by year 2032, growing at a CAGR of 6.5% during the forecast period
- The Orthopedics Clinics end use segment is expected to register a CAGR of 6.3% during 2020-2032.
- Asia-Pacific regional segment of the Osteosynthesis Devices market is expected to remain highest growing segment during 2020-2032, at a CAGR of 7.1%; the emergence of orthopedic market in the countries like India, China and Japan and the increase in the need for advanced healthcare coupled with rising bone related issues in these regions is projected to impel the osteosynthesis devices market growth.
Segments covered in the report
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2023 to 2032. For the purpose of this report, has segmented the Osteosynthesis Devices market on the basis of type, material, end use, and region:
Type (Revenue, USD Million; 2023–2032)
- Internal
- External
Material (Revenue, USD Million; 2023–2032)
- Degradable
- Nondegradable
End Use (Revenue, USD Million; 2023–2032)
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
Regional Outlook (Revenue in USD Million; 2023–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Benelux
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Australia
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Egypt
- Israel
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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