Global Osteosynthesis Devices Market – Industry Trends and Forecast to 2029

Global Osteosynthesis Devices Market, By Material (Degradable, Non-Degradable), Type (Internal, External), End User (Hospitals, Orthopedic Specialist Clinic, Others) – Industry Trends and Forecast to 2029

Osteosynthesis Devices Market Analysis and Size

The global epidemic of diseases such as osteoporosis and osteomalacia, coupled with the high incidence of road accidents and sports injuries, supports the demand for osteosynthesis devices worldwide. The increase in the number of patients suffering from these diseases is directly related to the increase in the elderly population. However, osteosynthesis devices have been the subject of product recalls very frequently these days, significantly limiting their general usefulness and market growth.

Data Bridge Market Research analyses that the osteosynthesis devices market, which was valued at USD 2.47 billion in 2021, would rocket up to USD 4.34 billion by 2029, and is expected to undergo a CAGR of 7.30% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Osteosynthesis Devices Market Scope and Segmentation

Market Definition

Osteosynthesis is usually the reduction and internal fixation of a  fracture with a metal implant. Surgical procedures are performed using an open or percutaneous approach to the fractured bone. With the increasing prevalence of fractures worldwide, osteosynthesis devices are needed. Specially designed metal plates, screws, and nail-shaped osteosynthesis devices are used to scientifically repair bone by compression between fragments and achieve fracture healing.

Global Osteosynthesis Devices Market Dynamics

Drivers

• Inclination Towards Minimally Invasive Osteosynthesis Devices

The incidence of proximal humerus fractures in the elderly is increasing. Treatment management is complicated by the complexity of fractures and the patient's comorbidity. The principle of minimally invasive surgery is to achieve the best results with minimal impact on the functional structure. Minimally invasive surgery reduces surgical exposure, risk of infection, blood supply, soft tissues, and skin damage. Thus, the rapid shift towards minimally invasive osteosynthesis devices is driving the market growth more rapidly.

• Rising Prevalence of Osteoarthritis among the Elderly Population

The increased prevalence of osteoarthritis and osteoporosis is crucial to the increasing demand for osteosynthesis devices. Both medical problems pose a significant public health burden as they are common in geriatric populations around the world. The increase in the number of patients suffering from these diseases is directly related to the increase in the elderly population. Hence, more use of osteosynthesis devices will be on the rise.

• Adoption of  Bone-Related Surgeries

Surgical treatment of orthopedic disorders is increasing, from fracture repair to arthroplasty. Orthopedic implants are needed for severe fractures requiring readjustment and fixation for proper healing or for bone defects that cannot be regenerated. For instance, the strength of threaded devices embedded in the bone to support as diverse materials as sutures used to repair torn tendons and spinal instruments, as these types of procedures become more prevalent.

Opportunities

• Traumatic Incidents along with other comorbidities

Traumatic incidents such as road traffic and sports accidents, coupled with several types of cancer that lead to mild fractures, are notable factors responsible for the industry's growth.

Restraints/Challenges

• Complications associated with osteosynthesis devices

Potential complications such as infection, delayed integration, and structural damage are some of the most common difficulties faced by reluctant patients to use these devices.

• Ongoing lawsuits create hindrance in the growth of the market

Many companies are presently under lawsuit, which in turn create hindrance in the reputation of the organization producing these devices. For instance, Ongoing lawsuits against major companies such as DePuy and Stryker due to patient surgery-related complaints are expected to restrain the market.

This osteosynthesis device market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the needle-free injection system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Global Osteosynthesis Devices Market

In the most hopeful scenario, the COVID-19 epidemic has positively impacted the osteosynthesis devices market as a whole. The COVID-19 pandemic has had a favorable effect on the osteosynthesis devices market. The necessity for mass vaccination made the patients immune enough to suffer lesser consequences after the insertion of Osteosynthesis Devices. As the number of instances has grown across the globe, the majority of the leading osteosynthesis devices market players have invested in R&D and formed collaborations and agreements with other industry players and government agencies to create osteosynthesis devices for the condition.

Global Osteosynthesis Devices Market Scope

The osteosynthesis devices market is segmented on the basis of type, material and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Internal
• Screws and Plates
• Wires and Pins
• Intramedullary Rods and Nails
• Spinal Fixation Devices
• External
• Fracture Fixation
• Bone Lengthening

Material

• Degradable
• Non-degradable

End-User

• Hospitals
• Orthopedic Specialist Clinic
• Others

Global Osteosynthesis Devices Market Regional Analysis/Insights

The osteosynthesis devices market is analyzed and market size insights and trends are provided by country, type, material and end-user as referenced above.

The countries covered in the osteosynthesis devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the osteosynthesis devices market. The large market for orthopedic devices is concentrated in the U.S., with rising medical costs accounting for 17.5% of the country's GDP, making the United States the most commercially profitable and largest market for osteosynthesis devices.

The Asia-Pacific is expected to grow at a significant growth rate over the forecast period of 2022 to 2029 due to its high population density and rapid expansion of healthcare infrastructure and reach.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Osteosynthesis Devices Market Share Analysis

The osteosynthesis devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to osteosynthesis devices system market.

Some of the major players operating in the osteosynthesis devices market are:

• Johnson & Johnson Private Limited (U.S.)
• Smith+Nephew (U.S.)
• Stryker (U.S.)
• Zimmer Biomet (U.S.)
• Globus Medical (U.S.)
• G.S. Solutions, Inc (U.S.)
• Life Spine, Inc. (U.S.)
• MicroPort Scientific Corporation (China)
• Néosteo SAS (France)
• Precision Spine, Inc. (U.S.)
• B. Braun Melsungen AG (Germany)