The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Osteosynthesis Devices Global Market Report 2024, the osteosynthesis devices market is expected to show promising growth in the forecast period.

Market Growth Overview
Recent Expansion and Projections

• 2023 Market Size: $8.87 billion
• 2024 Projection: $9.51 billion
• CAGR: 7.2%
• Historic Growth Drivers:
  • 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

Future Growth Prospects

• 2028 Projection: $11.97 billion
• CAGR: 5.9%
• Forecast Growth Drivers:
  • Increasing geriatric population
  • Rising trauma cases
  • Prevalence of orthopedic conditions
  • Globalization of orthopedic care
  • Strategic partnerships and mergers

View More On The Osteosynthesis Devices Market Report 2024 – https://www.thebusinessresearchcompany.com/report/osteosynthesis-devices-global-market-report

Key Trends Shaping the Market
Technological Advancements

• Locking Compression Plates (LCP) Technology: Enhanced stability and fixation
• Minimally Invasive Osteosynthesis Techniques: Reduced recovery times and complications
• Bioresorbable Fixation Systems: Biocompatible and avoid the need for removal
• Smart Implants with Monitoring Capabilities: Real-time patient monitoring
• Advanced Osteosynthesis Device Materials: Improved durability and biocompatibility

Driving Factors Behind Market Expansion
Impact of Road Accidents

• Road Accident Statistics: Significant contributor to orthopedic injuries
• Example: 42,915 deaths in US motor vehicle crashes in 2021
• Role of Osteosynthesis Devices: Facilitate rehabilitation and mobility restoration

Major Players in the Market

• Leading Companies:
  • Medtronic PLC
  • Stryker Corporation
  • DePuy Synthes Inc.
  • Zimmer Biomet Holdings Inc.
  • Smith & Nephew PLC
  • Others: Arthrex, NuVasive, CONMED, Globus Medical, etc.

Innovations Driving Market Growth
Focus on Medical Advancements

• Variable-Angle Locking Compression Plates (VA-LCP): Customized fracture repair solutions
• Example: DePuy Synthes’ VA LCP Clavicle Plate System
  • Features: Tailored for clavicle fractures, anatomically contoured plates
  • Benefits: Improved fit and reduced need for implant removal

Strategic Acquisitions
Expansion and Market Strengthening

• Acquisition Example: Teijin Nakashima Medical acquires KiSCO’s spine and trauma business
• Objective: Enhance research capabilities and revenue growth
• Products: Includes spine fusion systems and support plates

Market Segmentation Insights
Detailed Analysis

• Device Types: Internal and External Fixation Devices
• Fracture Types: Hip, Knee, Spine, Shoulder, Foot, Facial Bones, Others
• Materials: Non-Degradable and Degradable
• End Users: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers

Regional Insights

• Current Leader: North America
• Growth Potential: Asia-Pacific emerging as the fastest-growing region

The osteosynthesis devices market is poised for robust growth driven by technological advancements, increasing trauma cases, and strategic expansions. With innovations focusing on patient-centric solutions and market expansions through acquisitions, the market landscape promises significant opportunities for stakeholders in the coming years.

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