Growing geriatric population, rising prevalence of bone-related issues, and increasing incidence of accidents, injuries, etc. are key factors driving market revenue growth.
Market Size - USD 7,540.7 Million in 2020, Market Growth - CAGR of 6.4%, Market Trends - Rising investments in healthcare infrastructure globally and in research and development of new technologies and product offerings.
The global osteosynthesis devices market size is expected to reach USD 12.43 Billion in 2028, and register a CAGR of 6.4% during the forecast period. Increasing number of cases of osteoarthritis and osteoporosis, and rising awareness regarding benefits of advanced osteosynthesis devices that enable elimination of conventional methods such as skeletal traction or plaster cast are some of the major factors expected to drive growth of the global osteosynthesis devices market.
Osteosynthesis refers to fixation of a bone by performing a surgery to treat bone fractures by joining bone fragments with screws, plates, nails, or wires.
Some Key Findings From the Report:
For the purpose of this report, the global osteosynthesis devices market is segmented on the basis of type, material, end use, and region:
Type Outlook (Revenue, USD Billion; 2018 - 2028)
Material Outlook (Revenue, USD Billion; 2018 - 2028)
End Use Outlook (Revenue, USD Billion; 2018 - 2028)
Region Outlook (Revenue, USD Billion; 2018 - 2028)
Reasons to Buy the Report
Market Size - USD 7,540.7 Million in 2020, Market Growth - CAGR of 6.4%, Market Trends - Rising investments in healthcare infrastructure globally and in research and development of new technologies and product offerings.
The global osteosynthesis devices market size is expected to reach USD 12.43 Billion in 2028, and register a CAGR of 6.4% during the forecast period. Increasing number of cases of osteoarthritis and osteoporosis, and rising awareness regarding benefits of advanced osteosynthesis devices that enable elimination of conventional methods such as skeletal traction or plaster cast are some of the major factors expected to drive growth of the global osteosynthesis devices market.
Osteosynthesis refers to fixation of a bone by performing a surgery to treat bone fractures by joining bone fragments with screws, plates, nails, or wires.
Some Key Findings From the Report:
- Among the type segments, the internal segment accounted for the largest revenue share of 66.8% in 2020.
- North America market accounted for major revenue share in the global osteosynthesis devices market in 2020, and is expected to continue with its dominance over the forecast period.
- Europe market is expected to account for the second-largest revenue share in the global market, and is expected to register a steady revenue growth rate during the next 7 years.
- The Asia Pacific market size was USD 1,734.4 Million in 2020, due to rising number of bone fractures owing to accidents, injuries, obesity and age.
- Key players profiled in the report include DePuy Synthes, Inc., Smith & Nephew Plc., Stryker Corporation, Zimmer-Biomet, Globus Medical, Inc., GS Medical, LLC, Life Spine, Inc., MicroPort Orthopedics, Inc., Neosteo SAS, and Precision Spine, Inc. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
- In 2019, Stryker Corporation, which is US-based medical technologies corporation, acquired Israel-headquartered medical device company - OrthoSpace Ltd. This acquisition helped Stryker Corporation to expand product portfolio and gain from OrthoSpace’s highly distinguished technology for treatment of irreparable rotator cuff tears. OrthoSpace’s new and novel product ‘In Space’ is a bio-degradable sub acromial spacer designed specifically to realign natural bio-mechanics of human shoulder.
For the purpose of this report, the global osteosynthesis devices market is segmented on the basis of type, material, end use, and region:
Type Outlook (Revenue, USD Billion; 2018 - 2028)
- Internal
- External
Material Outlook (Revenue, USD Billion; 2018 - 2028)
- Degradable
- Non-degradable
End Use Outlook (Revenue, USD Billion; 2018 - 2028)
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
Region Outlook (Revenue, USD Billion; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Osteosynthesis Devices Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Osteosynthesis Devices Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Osteosynthesis Devices Segmentation & Impact Analysis
Chapter 5. Osteosynthesis Devices Market By Product Type Insights & Trends
Chapter 6. Osteosynthesis Devices Market By Material Insights & Trends
Chapter 7. Osteosynthesis Devices Market By End Use Insights & Trends
Chapter 8. Osteosynthesis Devices Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- 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