Osteosynthesis Devices Market Competitive Analysis and Forecast 2028
Industry Overview of Osteosynthesis Devices Market
Osteosynthesis devices refer to implantable devices used in reconstructive orthopedic surgical procedures intended to stabilize and join broken and fractured bone fragments. They mostly encompass bone lengthening and Ilizarov devices, fracture fixation solutions, washers, Kirschner wires (K-wires), plates, screws, spinal fixations, intramedullary rods, etc., as standard internal and external product types. These osteosynthesis devices are manufactured from various degradable and non-degradable materials, such as zinc, magnesium, titanium, iron, glasses, metallic alloys, polymers, and ceramics. They help to increase the contact surface between the implants and osteoporotic bone, correct the bone position, heal the damages, and provide optimal stability and improved clinical outcomes. Consequently, osteosynthesis devices find extensive applications in hospitals and orthopedic specialist clinics across the globe.
How Big Is the Osteosynthesis Devices Market ?
The global osteosynthesis devices market size reached US$ 9.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 13.7 Billion by 2028 exhibiting a CAGR of 6.8% during 2023-2028.
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Osteosynthesis Devices Market Trends and Drivers:
The escalating incidences of road accidents across the globe and the increasing prevalence of bone fractures and osteoarthritis, especially among the geriatric population, are primarily driving the osteosynthesis devices market. Additionally, the elevating requirement for bone surgeries and the shifting consumer preferences from full-fledged surgical methods toward minimally invasive operations are acting as significant growth-inducing factors. Apart from this, the launch of favorable policies by government bodies of multiple countries aimed at financially supporting and promoting biomedical companies to manufacture numerous osteosynthesis devices for diverse body parts is also positively influencing the global market. Moreover, the growing improvements in healthcare infrastructure and the expanding usage of biocompatible and bioabsorbable materials for fabricating plates, wires, rods, pins, and screws that offer several advantages, including preventing the need to remove the implanted devices and ensuring faster bone healing are expected to bolster the osteosynthesis devices market in the coming years.
Global Osteosynthesis Devices Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Arthrex Inc., B. Braun Melsungen AG, Globus Medical Inc., GS Medical USA, Johnson & Johnson, Life Spine Inc., MicroPort Scientific Corporation, Neosteo SAS, Precision Spine Inc., Smith & Nephew plc, Stryker Corporation, Zimmer Biomet.
The report segmented the market based on region, type, material, fracture type, and end user.
Fracture Type Insights:
End User Insights:
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Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
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