Osteosynthesis Devices Market Trends 2025-2034: Insights into Growth and Strategic Opportunities Ahead
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How Will the Osteosynthesis Devices Market’s Growth Rate Evolve Over the Forecast Period to 2034?
The market for osteosynthesis devices has seen considerable growth lately. The projections depict an increase from $9.51 billion in 2024 to $10.17 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth during the historical period include an increase in fracture cases, an aging population and osteoporosis, a rise in sports-related injuries, a patient inclination towards minimally invasive procedures, and an escalating demand for orthopedic surgeries. Also, collaborations between surgeons and device manufacturers have boosted the market size.
In the coming years, the osteosynthesis devices market is forecasted to witness significant growth, reaching $12.62 billion by 2029 with a compound annual growth rate (CAGR) of 5.5%. This growth over the forecast period is tied to factors such as a growing elderly population, an increasing number of trauma cases, the widespread presence of orthopedic conditions, the global spread of orthopedic care, and strategic collaborations and mergers. Key trends in the forecast period involve the adoption of locking compression plates (lcp) technology, the advent of minimally invasive osteosynthesis practices, a shift towards bioresorbable fixation systems, the blending of smart implants with monitoring capabilities, and advancements in the materials used in osteosynthesis devices.
What Combination of Drivers Is Leading to Accelerated Growth in the Osteosynthesis Devices Market?
The increasing occurrence of road accidents is anticipated to accelerate the expansion of the osteosynthesis devices market. Collisions between vehicles or objects on roads, leading to vehicle damages and personal injuries, are identified as road accidents. Orthopedic injuries like fractures and bone breaks are often a result of these accidents. Osteosynthesis devices play a key role in the recovery process of accident victims, aiding in the restoration of mobility and function. For instance, a report released by The Road Safety Authority, a state government agency in Ireland, in January 2024, pointed out an increase in road deaths across Ireland in diverse user groups compared to 2022. There was a rise among drivers (+13), passengers (+12), motorcyclists (+4), bicyclists (+2), pedestrians (+1), and others (+1). The average monthly mortality rose from 13 deaths in 2022 to 16 per month in 2023. Thus, the increasing prevalence of road accidents is boosting the osteosynthesis devices market’s growth. The osteosynthesis devices market is also prospering in response to the increasing incidence of sports injuries. Injuries sustained during sports or physical activities are classified as sports injuries and can cause physical harm or damage to the body. Osteosynthesis devices offer stability and foster the healing of broken bones due to such injuries by surgical fixation. To illustrate, in June 2023, the Australian Institute of Health and Welfare, an Australian governmental agency, announced that the AusPlay survey by the Australian Sports Commission reported that outdoor team sports had the highest injury rate per participant at 26% in 2022, followed by 16% in combative sports. The rise in sports injuries is therefore contributing to the growth of the osteosynthesis devices market.
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Who Are the Influential Players Reshaping the Osteosynthesis Devices Market Landscape?
Major companies operating in the osteosynthesis devices market report are Medtronic PLC, Stryker Corporation, B. Braun SE, DePuy Synthes Inc., Zimmer Biomet Holdings Inc., Smith & Nephew PLC, Arthrex Inc., NuVasive Inc., CONMED Corporation, Globus Medical Inc., Bioventus LLC, LimaCorporate S.p.A., Medartis AG, Paragon 28 Inc., KLS Martin Group, Orthofix Medical Inc., Groupe Lepine SAS, Acumed LLC, Merete GmbH, Tyber Medical LLC, GPC Medical Ltd., Skeletal Dynamics LLC, Matrix Meditec Private Limited, Pega Medical Inc., Gauthier Biomedical Inc
What New and Evolving Trends Are Having a Lasting Impact on the Osteosynthesis Devices Market?
Leading corporations in the osteosynthesis device market are concentrating on creating innovative solutions like the spinal fixation system to deliver dependable services to their clients. The spinal fixation system is employed for stabilizing and supporting the spine during fractures, deformities, or other spinal problems. For example, Life Spine, a medical device firm located in the United States, was granted FDA approval for its ARx SAI Spinal Fixation System in July 2024. This groundbreaking system signifies a monumental progress in posterior fixation technology. It is designed to provide solid stabilization across the sacroiliac joint using a sacral alar iliac trajectory. The ARx SAI system boasts versatile, self-drilling screws that bolster surgical efficiency by streamlining procedures. Its self-harvesting design facilitates bone integration during insertion, thus promoting healing. The system also incorporates a low-profile Cobalt Chrome tulip head for durability and a universal T25 hexalobe drive for effortless operation.
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How Are Market Segments in the Osteosynthesis Devices Industry Positioned for Long-Term Growth?
The osteosynthesis devices market covered in this report is segmented –
1) By Device Type: Internal Fixation Devices, External Fixation Devices
2) By Fracture Type: Hip Fracture, Knee Fracture, Spine Fracture, Shoulder Fracture, Foot And Ankle Fracture, Facial Bones Fracture, Other Fracture Types
3) By Material: Non-Degradable, Degradable
4) By End User: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
Subsegments:
1) By Internal Fixation Devices: Plates and Screws, Intramedullary Nails (IM Nails), Spinal Fixation Devices, Bone Clamps, Bone Cement
2) By External Fixation Devices: External Fixator Frames, Ring Fixators, Hybrid Fixators, Uniplanar External Fixators, Circular External Fixators
Which Geographic Locations Are Critical to the Growth of the Osteosynthesis Devices Market?
North America was the largest region in the osteosynthesis devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the osteosynthesis devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Do Experts Define the Scope of the Osteosynthesis Devices Market?
Osteosynthesis devices refer to orthopedic equipment and implants used to fix and maintain fractured or damaged bones. It is used to speed up the recovery process and restore bone structural integrity.
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