Global Osteosynthesis Devices Market by Type (Intramedullary Rods & Nails, Wires & Pins, Internal - Screws & Plates, Spinal Fixation Devices; External-Fracture Fixation, Bone Lengthening) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2015, the global osteosynthesis device market was worth USD 5.5 billion. Market growth is driven by increasing osteoporosis cases in the elderly population. The use of specially designed metal plates, screws and nails to repair bone via inter-fragmental compression, and then achieve fracture union, is called osteosynthesis. These devices eliminate the need to use conventional methods such as skeletal traction or plaster cast. They allow patients to return to their daily lives without any complications.

Summary of the Global Osteosynthesis Devices market

Revenue growth is largely due to osteoporosis, road traffic injuries, and other factors. Osteoporosis (or a reduction in bone mass) can cause painful fractures. It is responsible for more than 8.9 millions fractures each year, leading to an osteoporotic break every 3 seconds. International Osteoporosis Foundation estimates that osteoporosis affects approximately 75 million people worldwide each year. Osteoporosis is more common in females than it is in males.

Road traffic injuries are at the heart of the global crisis in public health and development. Studies have shown that 74% road traffic deaths occur in middle-income countries (countries where the per capita income is less than $1,045 - World Bank). 70% of the world's middle-income population resides in these countries.

Low body weight, smoking, and aging are all risk factors for osteoporosis. The industry's growth is also due to traumatic events such as sporting and road accidents, which can lead to easy fracture of bones.

Market pressure will be slowed by ongoing lawsuits against major companies like Stryker and DePuy, which stem from patient complaints about surgeries. Patients are often reluctant to use these devices because of potential complications like infections, consolidation delays, or construct damage. New technological advances are needed to improve the clinical outcomes of patients following surgeries to combat osteoporosis.

Type Insights

Most fracture fixation is done using internal fixation equipment, such as metal plates and screws. This equipment helps to hold the fractured bone together, and also stabilizes and supports it. It is the most commonly used surgical method worldwide and generates a large revenue share.

External fixators can be used percutaneously to stabilize the injured bone. They are most commonly used when internal fixation is not possible. There is an increasing demand for minimally invasive surgeries, which has led to a high demand for external fixation osteosynthesis tools.

This method can quickly stabilize fractures and reduce the risk of injury. The market for osteosynthesis devices is benefitting from factors such as quick application in an emergency and the application of external fixation device in situations where there may be a high risk of infection.

Material Insights

The largest share of 2015's nondegradable equipment was held by titanium and stainless steel. The largest share of 2015's nondegradable equipment was titanium and stainless steel. However, there are complications that can result from these nondegradable materials (stainless and titanium). This has led to the development and use of biocompatible and absorbable internal bone fixation equipment.

India's osteosynthesis device market share by material, 2015.

The advantages of degradable/biodegradable osteofixation over metal, stainless steel, and titanium devices are expected to fuel demand for the biodegradable osteosynthesis devices.

Regional Insights

North America will lead the demand for and generate revenue for osteosynthesis equipment. The U.S. is the major market for orthopedic devices. This market, with its 17.5 percent increase in healthcare spending, makes it the most lucrative and largest market for osteosynthesis products.

Asia Pacific will be the fastest-growing market during the forecast period. This is due to the fact that Japan, China and India are experiencing rapid growth in the orthopedic market. Japan accounts for over 40% of Asian orthopedic products. China's orthopedic market is growing at a profitable rate of 15% to 20% annually, while India is growing at 12% to 15% annually. A significant portion of the orthopedic market in Japan, China and India is held by U.S.-based and European-based medical device companies.

Market Share in Osteosynthesis Devices

Osteosynthesis devices are a well-established industry, with only a few companies accounting for the majority of the market share. The major players are DePuy Synthes, Inc. Smith & Nephew plc., Stryker, and Zimmer-Biomet. They collectively account to the largest share of 2015's market. These companies are focused on building customer relationships and expanding access to premium products to increase growth.

Osteosynthesis Devices Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country levels. It also provides analysis of the most recent trends and opportunities in each sub-segment from 2014 through 2024. Grand View Research segmented the global osteosynthesis device market based on product, wound type, end use, and geography.

• Type Outlook (Revenue USD Million; 2014-2024)

  • Internal

    • Plates & Screws

    • Wires and &pins

    • Nails and intramedullary rods

    • Spinal fixation devices

  • External

    • Fracture fixation

    • Bone lengthening

• Material Outlook (Revenue USD Million; 2014-2024)

  • Degradable

  • Nondegradable

• Regional Outlook (Revenue USD Million; 2014-2024)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

    • Saudi Arabia

These are the most frequently asked questions about this report

b. Global osteosynthesis device market was valued at USD 7.0 Billion in 2019, and is forecast to grow to USD 7.4 Billion by 2020.

b. Global osteosynthesis devices market will grow at 6.8% compound annual growth rate from 2016 to 2024, reaching USD 9.9 billion in 2024.

b. North America was the dominant market for osteosynthesis devices in 2019, with a 53.41% share. This can be attributed to the increasing healthcare spending and the presence of all major companies in the region.

b. DePuy Synthes, Inc., J & J Company, Globus Medical, Inc., GS Medical, LLC, Life Spine, Inc., MicroPort Orthopedics, Inc., Neosteo SAS, Precision Spine, Inc., Smith & Nephew plc, Stryker Corporation, Zimmer Biomet Holdings, Inc. are some of the key players in the osteosynthesis device market.

b. The market growth is being driven by key factors such as the rise in osteoporosis cases in the elderly, osteoporosis, and road traffic accidents.

Up Market Research published a new report titled “Osteosynthesis Devices Market research report which is segmented by Type (Intramedullary Rods & Nails, Wires & Pins, Internal - Screws & Plates, Spinal Fixation Devices; External-Fracture Fixation, Bone Lengthening), By Players/Companies Inc, Zimmer Biomet Holdings, Globus Medical, Life Spine, Inc, Precision Spine, Inc (J & J Company), Inc, DePuy Synthes, Stryker Corporation, GS Medical, Smith & Nephew plc, Inc, Inc, MicroPort Orthopedics, N©osteo SAS, LLC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Osteosynthesis Devices Market Report Segments:

The market is segmented by Type (Intramedullary Rods & Nails, Wires & Pins, Internal - Screws & Plates, Spinal Fixation Devices; External-Fracture Fixation, Bone Lengthening).

Osteosynthesis Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Osteosynthesis Devices Market

Overview of the regional outlook of the Osteosynthesis Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Osteosynthesis Devices Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Osteosynthesis Devices Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Intramedullary Rods & Nails

                2. Wires & Pins

                3. Internal - Screws & Plates

                4. Spinal Fixation Devices; External-Fracture Fixation

                5. Bone Lengthening

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Osteosynthesis Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Osteosynthesis Devices Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.