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How Will the Intramedullary Nails Market Grow from 2024 to 2033?

In recent times, there has been significant growth in the market size for intramedullary nails. It is projected to expand from $0.81 billion in 2023 to $0.87 billion in 2024, representing a compound annual growth rate (CAGR) of 7.2%. This growth observed in the historical period can be credited to the increase in fracture incidents, a higher susceptibility in the aging population, advancements in surgical methods and technology, a transition towards less invasive surgical techniques, as well as progress in design and materials.

Expectations are high for substantial expansion in the intramedullary nails market in the coming years. Projections estimate its growth to reach $1.16 billion by 2028, with a compound annual growth rate (CAGR) of 7.3%. This anticipated growth over the forecast period can be linked to several factors including a rise in sports-related injuries, wider availability of surgical procedures, increased awareness among healthcare providers, and a surge in outpatient surgeries. Emerging trends expected during this forecast period involve the adoption of locking nails, the invention and utilization of bioabsorbable nails, a shift towards personalized medicine, the rise of emerging economies due to improved access to healthcare, and the introduction of smart technologies in orthopedic devices.

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What Aspects Are Influencing the Growth Rate of the intramedullary nails Market?

The intramedullary nails market is poised to expand due to the escalating occurrence of bone fractures. A bone fracture, a health ailment marked by a total or partial break in a bone’s continuity, arises when the force applied to a bone surpasses its strength and durability, resulting in breaks or cracks. Furthermore, osteoporosis, a condition where bones weaken, thin, and become brittle due to bone density loss, increases their fracture susceptibility. Intramedullary nails, inserted into the medullary canal of long bones, offer internal fixation essential for correctly aligning and healing fractured bones. For example, as per the International Osteoporosis Foundation, a non-governmental organization based in Switzerland, stated in February 2023 that globally, as many as 37 million fragility fractures occur annually in individuals aged 55 and above, equating to 70 fractures every minute. Thus, the intramedullary nails market is being driven by the rising incidence of bone fractures.

What Are the Critical Segments of the Intramedullary Nails Market?

1) By Type: Long Gamma Nail (LGN1), Trochanteric Femoral Nail (TFN1), Intertroch/Subtroch Nail (ITST1), Other Types

2) By Material: Titanium Alloys, Stainless Steel

3) By Application: Femoral Fracture, Tibial Fracture, Other Applications

4) By End User: Hospitals, Ambulatory Surgical Centers, Specialty And Orthopedic Clinics, Other End User

What Trends Are Redefining Consumer Expectations in the Intramedullary Nails Market?

Leading enterprises in the sphere of intramedullary nails market are working towards the creation of innovative products like hip fracture nailing systems to provide heightened stability, better surgical results, and advanced characteristics for minimally invasive processes. A hip fracture nailing system is a specialized surgical instrument utilized to address hip fractures, particularly those that occur in the proximal femur, for example, intertrochanteric or subtrochanteric fractures. In September 2022, an example of innovation was shown by Stryker Corporation, a US-centered medical technology firm involved in the production of medical devices, when they introduced the Gamma4 Hip Fracture Nailing System, an upgraded version of their intramedullary nailing system for the treatment of hip fractures. The Gamma4 System is recommended for both stable and unstable hip fractures, inclusive of those in the intracapsular, trochanteric, subtrochanteric, and shaft areas of the femur. The SOMA-designed nail has features such as length-dependent RoC for long nails, a proximal body that’s shortened by 5mm, a chamfered distal tip, and a pre-inserted and cannulated set screw.

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What Are the Leading Regions in the Intramedullary Nails Market Expansion?

North America was the largest region in the intramedullary nails market in 2023. The regions covered in the intramedullary nails market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Intramedullary Nails Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the intramedullary nails market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Intramedullary Nails Market Include

1. Intramedullary Nails Market Executive Summary

2. Intramedullary Nails Market Segments

3. Intramedullary Nails Market Size And Template Market Growth Rate

4. Key Intramedullary Nails Market Trends

5. Major Intramedullary Nails Market Drivers

……

25. Key Mergers And Acquisitions In The Intramedullary Nails Market

26. Top Intramedullary Nails Companies

27. Intramedullary Nails Market Opportunities And Strategies

28. Intramedullary Nails Market, Conclusions And Recommendations

29. Appendix

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