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Global Osteosynthesis Devices Market $15.1 Billion by 2029

The global market for osteosynthesis devices anticipated to reach $15.1 billion by 2029, growing at a CAGR of 5.9% over the forecast period, driven by increasing incidences of osteoarthritis osteoporosis related fractures, and growing elderly population posing a significant economic burden worldwide.

  • A rising and more active aging and obese population, and growing occurrence of back pain and osteoporosis fractures leading to demand for joint replacement surgeries, increasing cases of trauma due to road accidents and sport injuries, as well as other spine-related issues are paving the way for companies to bring innovative devices into the hands of orthopedic and spinal surgeons across the globe.
Global Osteosynthesis Devices Market

Osteosynthesis surgical procedure stabilizes and joins the ends of fractured bones by mechanical devices such as metal plates, pins, rods, wires or screws.

  • The procedure refers particularly to internal fixation of a fracture by such means, as opposed to external fixation of a fracture by a splint or cast.

The internal fixation (IF) procedure involves the surgical implementation of implants for the purpose of repairing a bone.

  • There are two types of internal fixation procedures as open reduction and internal fixation (ORIF), and closed reduction and internal fixation (CRIF).
    • An internal fixator may be made of stainless steel or titanium. Types of internal fixators include plate and screws, Kirschner wires, and intramedullary nails. 
  • Products used for internal fixation of fractures include Kirschner wires (or Kwires) and Steinmann pins, which are used in procedures ranging from skeletal traction to provisional and definitive fracture fixation.
    • While metallic fixation systems remain the gold standard for fracture fixation, there have been problems associated with their use, including stress shielding, palpability and temperature sensitivity.
  • The minimally invasive techniques (such as CRIF) offers patients multiple benefits including a shorter hospital stays, reduced incidence of nonunion (improper healing) and malunion (healing in improper position) of broken bones. Implants used for internal fixation are made from stainless steel or titanium.

On the other hand, the external fixation (EF) procedure is usually a temporary treatment for fractures, which involves stabilizing bone and soft tissues at a distance from the operative or injury focus.

  • External fixation is an alternative to internal fixation, where the components used to provide stability are positioned entirely within the patient’s body. 
  • The procedure provides unobstructed access to the relevant skeletal and soft tissue structures for their initial assessment and also for secondary interventions needed to restore bony continuity and a functional soft tissue cover.
    • Two major types of external fixation are monolateral and circular, both of which use Steinmann pins, specialized pins or K-wires to create an external scaffolding or exoskeleton around the bone during healing, or extend the distance between two pins for limb lengthening.
Global Prevalence of Osteoarthritis

The number of external fixation fracture repairs is growing along with an aging population, and the increased incidence of fractures associated with the growing prevalence of rheumatoid arthritis and osteoporosis among the elderly.

Osteosynthesis Devices Market

The global osteosynthesis devices market report provides market size estimates ($million 2019 to 2029), market share, growth trends and forecast (CAGR% 2022 to 2029).

The global market for osteosynthesis devices segmented by product [internal fixation devices (intramedullary rods and nails, screws and plates, spinal fixation devices, wires and pins); external fixation devices (fracture fixation devices – radius fracture, tibia fracture and pelvis fracture fixation devices; bone lengthening devices, Ilizarov devices, others), material used (degradable and non-degradable), and geography.

  • Based on the broader category of products, the internal fixation devices segment held the largest share of the total market, while the external fixation devices segment expected to register fastest CAGR in the near future.
    • Among the internal fixation devices segment, the screws and plates sub-segment held the largest share, while the spinal fixation devices sub-segment to witness the fastest growth rate, due to increasing number of spinal injuries.
      • While external fixators are mainly used today to provide temporary fixation in fractures after severe injury, the internal fixator offers flexible fixation, maintaining the advantages of the external fixator but allowing long-term treatment. 
      • Moreover, minimally invasive plate osteosynthesis (MIPO) has been reported to be superior to open reduction and internal fixation (ORIF) in the treatment of different long bone fractures.
    • Out of the external fixation devices segment, the fracture fixation devices sub-segment accounted for the largest share of revenue, while the bone lengthening devices sub-segment predicted to show the fastest growth rate in the coming period.
      • External fixation is one of the mainstays of surgical fracture treatment. This method of osteosynthesis facilitates local damage control surgery for fractures with extensive soft tissue injury and in polytraumatized patients.
        • In addition, correction of deformities and bone segment transport are possible. Arthrodesis and septic surgery also benefit from external fixation. An extensive range of fixators and methods are available to meet these various needs. 
  • In terms of type of material used in osteosynthesis devices, the non-degradable materials segment dominated the market, whereas the degradable materials segment expected to witness the fastest growth rate during the forecast period.
    • Non-degradable materials such as titanium, stainless steel, and cobalt-chromium alloys are widely used in orthopedic implants, due to its advantages such as high corrosion resistance, strength, and elasticity.
      • However, the risk of infection transmission and possible need for a second surgery are anticipated to restrict the market growth in the coming years.
    • On the other hand, the degradable materials are either polymer-based [poly (a- hydroxyacids), polyglycolide, poly-(L-lactide), polydioxanone, trimethylene carbonate, polyorthoester, and poly-c-caprolactone] or ceramic-based, with its advantages such as high elasticity, strength, biocompatibility, and are easily absorbed into the tissue, eliminating the need for another surgery.
      • Some of the marketed products include Inions OTPS, OrthoSorb Pin, Inion Hexalon and Inion Trinion.

The global market for osteosynthesis devices research report is further divided by geography into North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), Latin America (Brazil, Mexico, Rest of LA) and Rest of the World.

  • In terms of geography, the North America region dominated the global osteosynthesis devices market, followed by the Europe region, attributed to premium product pricing, innovative technologies, regulatory compliance, and increasing cases of bone-related injuries and growing public awareness.
    • However, the osteosynthesis products market in Asia Pacific region expected to witness the fastest growth rate, owing to improving healthcare infrastructure leading to medical tourism, lower cost of marketed products, growing elderly population, and rising disposable income in the region

The global osteosynthesis products report also provides detailed market landscape and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and/or services offered, and recent trends in strategic management.

Major competitors operating in the global osteosynthesis products market and included in this report are B. Braun Melsungen AG, Global Medical, Inc. GS Medical LLC, Johnson & Johnson (DePuy Synthes, Inc.), Life Spin, Inc., MicroPort Orthopedics, Inc., Neosteo SAS, Precision Spine, Inc., Smith & Nephew plc, Stryker Corporation, and Zimmer Biomet Holdings, Inc.

  • Product
    • Internal Fixation Devices
      • Intramedullary Rods and Nails
      • Screws and Plates
      • Spinal Fixation Devices
      • Wires and Pins
    • External Fixation Devices
      • Fracture Fixation Devices
        • Radius Fracture Fixation Devices
        • Tibia Fracture Fixation Devices
        • Pelvis Fracture Fixation Devices
      • Bone Lengthening Devices
      • Ilizarov Devices
    • Others
  • Material
    • Degradable Material
    • Non-degradable Material
  • Geography
    • North America (U.S., Canada)
    • Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
    • Asia Pacific (Japan, China, India, Rest of APAC)
    • Latin America (Brazil, Mexico, Rest of LA)
    • Rest of the World
  • Company Profiles
    • B. Braun Melsungen AG
    • Globus Medical, Inc.
    • GS Medical LLC
    • Johnson & Johnson (DePuy Synthes, Inc.)
    • Life Spine, Inc.
    • MicroPort Orthopedics, Inc.
    • Néosteo SAS
    • Precision Spine, Inc.
    • Smith & Nephew plc
    • Stryker Corporation
    • Zimmer Biomet Holdings, Inc.

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