PUBLISHER: Market Research Future | PRODUCT CODE: 1522702
PUBLISHER: Market Research Future | PRODUCT CODE: 1522702
Global Osteosynthesis Implants Market Research Report Information By Product (Screws and Plates, Wires and Pins, Intramedullary Rods and Nails, and Spinal Fixation Devices), By Material (Stainless Steel, Titanium and Titanium Alloys, Bioabsorbable Polymers, and Others), By Fracture Type (Hip Fracture, Knee Fracture, Spine Fracture, Shoulder Fracture, and Others), By End User (Hospitals, Orthopaedic Clinics, and Ambulatory Surgical Centers) and by Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2032
The market for osteosynthesis implants was estimated to be worth USD 5.40 billion in 2023. According to projections, the market for osteosynthesis implants would increase at a compound annual growth rate (CAGR) of 6.11% from USD 5.67 billion in 2024 to USD 9.66 billion by 2032.
The two main drivers propelling the growth of the global osteosynthesis implant market are rising rates of fractures and osteoporosis worldwide. Nonetheless, it is anticipated that the difficulties related to osteosynthesis implants will limit the worldwide market's expansion. However, the market is expected to see profitable prospects due to ongoing clinical trials, increased technology breakthroughs, and an aging population globally.
Decreased bone mass and increased brittleness are the hallmarks of osteoporosis, which presents major problems for fracture care. Fractures are more common in people with osteoporosis, especially in weight-bearing bones like the hip, spine, and wrist. Because the quality of the damaged bone is lower and the mechanical stability is decreased, fractures in osteoporotic bones frequently pose special issues. Because they produce mechanical support and promote fracture healing, osteosynthesis implants are an essential part of the treatment of fractures in patients with osteoporosis.
The need for osteosynthesis implants is rising due to the rising prevalence of osteoporosis worldwide. For example, the International Osteoporosis Foundation stated in 2019 that 500 million men and women worldwide may be impacted by osteoporosis, and that a person breaks a bone owing to the condition every three seconds.
Insights on Market Segments
Based on products, screws and plates, wires and pins, intramedullary rods and nails, and spinal fixation devices, the worldwide osteosynthesis implants are segmented.
Based on material, the osteosynthesis implants market is segmented into categories such as bioabsorbable polymers, titanium and titanium alloys, stainless steel, and others.
Based on the kind of fracture, the osteosynthesis implants market has been divided into segments: hip, knee, spine, shoulder, and others.
Based on the end user, the osteosynthesis implants market has been divided into ambulatory surgical centers, orthopedic clinics, and hospitals.
Area Perspectives
The market is divided into four regions by the study: North America, Europe, Asia-Pacific, and the Rest of the World. Osteosynthesis implants in North America held the most market share of 39.76% in 2022 and are expected to grow at a compound annual growth rate (CAGR) of 6.33% to reach a projected USD 3.98 billion by 2032. Nonetheless, throughout the course of the projection period, Europe is expected to develop at the highest CAGR of 7.35%.
The market for osteosynthesis implants in North America is expected to develop steadily, and the outlook is still positive. The osteosynthesis implants market is driven by factors such as a high rate of trauma and sports injuries, an increase in orthopedic procedures, and first-rate healthcare infrastructure and services.
The market for osteosynthesis implants in Europe is currently experiencing rapid expansion due to a number of factors, including an increase in sports injuries, an increase in the prevalence of osteoporosis, and a growing patient awareness of the advantages of surgical intervention.
Osteosynthesis implants in Asia-Pacific were valued at USD 0.99 billion in 2022, and during the forecast period, the market is expected to increase at a compound annual growth rate (CAGR) of 5.13%. The Osteosynthesis Implants market for the Rest of the World was valued at USD 0.71 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 2.76% over the forecast period.
Principal Players
Medartis AG, Dieter Marquardt Medizintechnik GmbH, Lepu Medical Technology (Beijing)Co.,Ltd., Globus Medical, Inc., Zimmer Biomet, Arthrex, Inc., Precision Spine, Inc., Johnson & Johnson Services, Inc., CONMED Corporation, and Braun SE are some of the major companies in the osteosynthesis implant market.