Osteosynthesis devices refer to orthopedic equipment and implants used to fix and maintain fractured or damaged bones. It is used to speed up the recovery process and restore bone structural integrity.
Sizing and Forecast
The osteosynthesis devices market size has grown strongly in recent years. It will grow from $8.87 billion in 2023 to $9.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to rising incidence of fractures, aging population and osteoporosis, increased sports-related injuries, patient preference for minimally invasive procedures, growing demand for orthopedic surgeries, collaboration between surgeons and device manufacturers..
The osteosynthesis devices market size is expected to see strong growth in the next few years. It will grow to $11.97 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing geriatric population, rising trauma cases, prevalence of orthopedic conditions, globalization of orthopedic care, strategic partnerships and mergers.. Major trends in the forecast period include adoption of locking compression plates (lcp) technology, development of minimally invasive osteosynthesis techniques, focus on bioresorbable fixation systems, integration of smart implants with monitoring capabilities, advancements in osteosynthesis device materials..
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Segmentation & Regional Insights
The osteosynthesis devices market covered in this report is segmented –
1) By Device Type: Internal Fixation Devices, External Fixation Devices
2) By Fracture Type: Hip Fracture, Knee Fracture, Spine Fracture, Shoulder Fracture, Foot And Ankle Fracture, Facial Bones Fracture, Other Fracture Types
3) By Material: Non-Degradable, Degradable
4) By End User: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
North America was the largest region in the osteosynthesis devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the osteosynthesis devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
A rise in the incidence of road accidents is expected to propel the growth of the osteosynthesis devices market going forward. Road accidents refer to incidents that occur on roadways when vehicles collide with each other or with other objects, resulting in damage to the vehicles and injuries to the people involved. Road accidents frequently result in severe orthopedic injuries, such as fractures and bone breaks. Osteosynthesis devices aid in the rehabilitation and recovery of accident patients by restoring mobility and functionality. For instance, in May 2022, according to the National Highway Traffic Safety Administration, a US-based government agency, an estimated 42,915 people died in motor vehicle traffic crashes in 2021, a 10.5% increase from 2020. Therefore, the rise in the incidence of road accidents is driving the growth of the osteosynthesis devices market.
Key Industry Players
Major companies operating in the osteosynthesis devices market report are Medtronic plc, Stryker Corporation, B. Braun SE, DePuy Synthes Inc., Zimmer Biomet Holdings Inc., Smith & Nephew PLC, Arthrex Inc., NuVasive Inc., CONMED Corporation, Globus Medical Inc., Bioventus LLC, LimaCorporate S.p.A., Medartis AG, Paragon 28 Inc., KLS Martin Group, Orthofix Medical Inc., Groupe Lepine SAS, Acumed LLC, Merete GmbH, Tyber Medical LLC, GPC Medical Ltd., Skeletal Dynamics LLC, Matrix Meditec Private Limited, Pega Medical Inc., Gauthier Biomedical Inc</b
The osteosynthesis devices market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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