The North America Osteosynthesis Devices Market should witness market growth of 6.9% CAGR during the forecast period (2022-2028).
Companies use a variety of strategies, such as technological development, the launch of new products, and acquisition, to maintain competitiveness and broaden their market reach. For instance, in March 2019, Exactech acquired EPIC Extremity. The company will be able to offer a full line of ankle reconstructing devices as a result of the acquisition, effectively positioning it to fulfill market expectations.
The growing incidence of osteoarthritis and osteoporosis is the primary cause of the increase in demand for osteosynthesis devices. Major medical organizations list osteoarthritis as one of the most crippling diseases afflicting developed nations, and it can severely restrict a patient's range of motion and mobility. Treatment of the illness is, therefore, important for the general welfare of the older demographic.
For fractures accompanied by dislocation or ligamentous instability, K-wire internal fixation is advised. An avascular fragment can be fixed with smooth wires; at least three wires are required. The Herbert screw is a tried-and-true technique for scaphoid osteosynthesis. The leading threads' larger pitch than the trailing threads' is intended to apply compression across the fracture. The screw is beneath the articular surface and is typically left in place. The screw's internal attachment makes it possible for the wrist to move more quickly.
Due to the rise in musculoskeletal disorders and the increasing incidence of sports-related injuries in the region, North America has the highest demand for Osteosynthesis Devices. The National Center for Injury Prevention and Control of the Centers for Disease Control and Prevention (CDC) estimates that 22, 887, 137 patients in the United States will visit an emergency room for nonfatal injuries in 2020. Another key factor leading to the growth of the Osteosynthesis Devices market is the expanding geriatric population.
The US market dominated the North America Osteosynthesis Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4, 232.2 million by 2028. The Canada market poised to grow at a CAGR of 9.4% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 8.4% during (2022-2028).
Based on Type, the market is segmented into Internal (Screws & Plates, Wires & Pins, Intramedullary Rods & Nails, and Spinal Fixation Devices) and External (Fracture Fixation and Bone Lengthening). Based on Material, the market is segmented into Nondegradable and Degradable. Based on Fracture Type, the market is segmented into Patella, Tibia or Fibula, or Ankle, Hand & Wrist, Foot Bones & Vertebral Column, Hip, Pelvis, Clavicle, Scapula, or Humerus, Femur, Radius or ulna, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DePuy Synthes, Inc. (J & J Company), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, Medtronic PLC, Olympus Corporation, Globus Medical, Inc., Arthrex, Inc., Lepu Medical Technology Co., Ltd, and Life Spine, Inc.
Companies use a variety of strategies, such as technological development, the launch of new products, and acquisition, to maintain competitiveness and broaden their market reach. For instance, in March 2019, Exactech acquired EPIC Extremity. The company will be able to offer a full line of ankle reconstructing devices as a result of the acquisition, effectively positioning it to fulfill market expectations.
The growing incidence of osteoarthritis and osteoporosis is the primary cause of the increase in demand for osteosynthesis devices. Major medical organizations list osteoarthritis as one of the most crippling diseases afflicting developed nations, and it can severely restrict a patient's range of motion and mobility. Treatment of the illness is, therefore, important for the general welfare of the older demographic.
For fractures accompanied by dislocation or ligamentous instability, K-wire internal fixation is advised. An avascular fragment can be fixed with smooth wires; at least three wires are required. The Herbert screw is a tried-and-true technique for scaphoid osteosynthesis. The leading threads' larger pitch than the trailing threads' is intended to apply compression across the fracture. The screw is beneath the articular surface and is typically left in place. The screw's internal attachment makes it possible for the wrist to move more quickly.
Due to the rise in musculoskeletal disorders and the increasing incidence of sports-related injuries in the region, North America has the highest demand for Osteosynthesis Devices. The National Center for Injury Prevention and Control of the Centers for Disease Control and Prevention (CDC) estimates that 22, 887, 137 patients in the United States will visit an emergency room for nonfatal injuries in 2020. Another key factor leading to the growth of the Osteosynthesis Devices market is the expanding geriatric population.
The US market dominated the North America Osteosynthesis Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4, 232.2 million by 2028. The Canada market poised to grow at a CAGR of 9.4% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 8.4% during (2022-2028).
Based on Type, the market is segmented into Internal (Screws & Plates, Wires & Pins, Intramedullary Rods & Nails, and Spinal Fixation Devices) and External (Fracture Fixation and Bone Lengthening). Based on Material, the market is segmented into Nondegradable and Degradable. Based on Fracture Type, the market is segmented into Patella, Tibia or Fibula, or Ankle, Hand & Wrist, Foot Bones & Vertebral Column, Hip, Pelvis, Clavicle, Scapula, or Humerus, Femur, Radius or ulna, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DePuy Synthes, Inc. (J & J Company), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, Medtronic PLC, Olympus Corporation, Globus Medical, Inc., Arthrex, Inc., Lepu Medical Technology Co., Ltd, and Life Spine, Inc.
Scope of the Study
By Type
- Internal
- Screws & Plates
- Wires & Pins
- Intramedullary Rods & Nails
- Spinal Fixation Devices
- External
- Fracture Fixation
- Bone Lengthening
By Material
- Nondegradable
- Degradable
By Fracture Type
- Patella, Tibia or Fibula, or Ankle
- Hand & Wrist
- Foot Bones & Vertebral Column
- Hip
- Pelvis
- Clavicle, Scapula, or Humerus
- Femur
- Radius or ulna
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- DePuy Synthes, Inc. (J & J Company)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- Medtronic PLC
- Olympus Corporation
- Globus Medical, Inc.
- Arthrex, Inc.
- Lepu Medical Technology Co., Ltd
- Life Spine, Inc.
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Osteosynthesis Devices Market, by Type
1.4.2 North America Osteosynthesis Devices Market, by Material
1.4.3 North America Osteosynthesis Devices Market, by Fracture Type
1.4.4 North America Osteosynthesis Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Osteosynthesis Devices Market by Type
3.1 North America Internal Market by Country
3.2 North America Osteosynthesis Devices Market by Internal Type
3.2.1 North America Screws & Plates Market by Country
3.2.2 North America Wires & Pins Market by Country
3.2.3 North America Intramedullary Rods & Nails Market by Country
3.2.4 North America Spinal Fixation Devices Market by Country
3.3 North America External Market by Country
3.4 North America Osteosynthesis Devices Market by External Type
3.4.1 North America Fracture Fixation Market by Country
3.4.2 North America Bone Lengthening Market by Country
Chapter 4. North America Osteosynthesis Devices Market by Material
4.1 North America Nondegradable Market by Country
4.2 North America Degradable Market by Country
Chapter 5. North America Osteosynthesis Devices Market by Fracture Type
5.1 North America Patella, Tibia or Fibula, or Ankle Market by Country
5.2 North America Hand & Wrist Market by Country
5.3 North America Foot Bones & Vertebral Column Market by Country
5.4 North America Hip Market by Country
5.5 North America Pelvis Market by Country
5.6 North America Clavicle, Scapula, or Humerus Market by Country
5.7 North America Femur Market by Country
5.8 North America Radius or ulna Market by Country
5.9 North America Others Market by Country
Chapter 6. North America Osteosynthesis Devices Market by Country
6.1 US Osteosynthesis Devices Market
6.1.1 US Osteosynthesis Devices Market by Type
6.1.1.1 US Osteosynthesis Devices Market by Internal Type
6.1.1.2 US Osteosynthesis Devices Market by External Type
6.1.2 US Osteosynthesis Devices Market by Material
6.1.3 US Osteosynthesis Devices Market by Fracture Type
6.2 Canada Osteosynthesis Devices Market
6.2.1 Canada Osteosynthesis Devices Market by Type
6.2.1.1 Canada Osteosynthesis Devices Market by Internal Type
6.2.1.2 Canada Osteosynthesis Devices Market by External Type
6.2.2 Canada Osteosynthesis Devices Market by Material
6.2.3 Canada Osteosynthesis Devices Market by Fracture Type
6.3 Mexico Osteosynthesis Devices Market
6.3.1 Mexico Osteosynthesis Devices Market by Type
6.3.1.1 Mexico Osteosynthesis Devices Market by Internal Type
6.3.1.2 Mexico Osteosynthesis Devices Market by External Type
6.3.2 Mexico Osteosynthesis Devices Market by Material
6.3.3 Mexico Osteosynthesis Devices Market by Fracture Type
6.4 Rest of North America Osteosynthesis Devices Market
6.4.1 Rest of North America Osteosynthesis Devices Market by Type
6.4.1.1 Rest of North America Osteosynthesis Devices Market by Internal Type
6.4.1.2 Rest of North America Osteosynthesis Devices Market by External Type
6.4.2 Rest of North America Osteosynthesis Devices Market by Material
6.4.3 Rest of North America Osteosynthesis Devices Market by Fracture Type
Chapter 7. Company Profiles
7.1 Medtronic PLC
7.1.1 Company overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Johnson & Johnson (DePuy Synthes)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental &Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Acquisitions and Mergers:
7.2.5.2 Product Launches and Product Expansions:
7.3 Stryker Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Zimmer Biomet Holdings, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Acquisitions and Mergers:
7.5 Smith & Nephew PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.6 Globus Medical, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.7 Olympus Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Recent strategies and developments:
7.7.4.1 Acquisition and Mergers:
7.8 Lepu Medical Technology Co., Ltd
7.8.1 Company Overview
7.9 Arthrex, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Geographical Expansions:
7.10. Life Spine, Inc.
7.10.1 Company Overview
Companies Mentioned
- DePuy Synthes, Inc. (J & J Company)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- Medtronic PLC
- Olympus Corporation
- Globus Medical, Inc.
- Arthrex, Inc.
- Lepu Medical Technology Co., Ltd
- Life Spine, Inc.
Methodology
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