Unlocking Opportunities in the Osteosynthesis Devices Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theOsteosynthesis Devices Market?
The upward trend in road accident occurrences is projected to fuel the expansion of the osteosynthesis devices market. Road mishaps constitute incidents involving vehicular collisions on highways with each other or other objects, leading to vehicle damage and injuries to the individuals involved. These accidents often result in serious orthopedic damage, such as fractures and bone dislocations. Osteosynthesis devices are instrumental in enabling the rehabilitation and recovery of such accident victims by re-establishing motion and function. For example, in January 2024, as stated by a report released by The Road Safety Authority, an Ireland-based government organization, there was a spike in road fatalities in Ireland among different user groups as compared to the year 2022. There were upsurges among drivers (+13), passengers (+12), motorbike riders (+4), pedal cyclists (+2), pedestrians (+1), and other road users (+1). In 2022, the mean monthly death rate was 13, which escalated to 16 deaths per month in 2023. Hence, the acceleration in the rate of road accidents is promoting the growth of the osteosynthesis devices market. The osteosynthesis devices market is prospering in the wake of high sports injury figures. The increase in the counts of sports-related injuries is predicted to facilitate the growth trajectory of the osteosynthesis devices market. Sports injuries pertain to physical damage or harm to the body, occurring due to engagement in sports or physical exercise. Osteosynthesis devices are beneficial in managing sports injuries by offering stability and encouraging the healing of broken bones via surgical attachment. For example, in June 2023, as reported by the Australian Institute of Health and Welfare, an agency run by the Australian government, the AusPlay survey conducted by the Australian Sports Commission indicated that outdoor team sports had the maximum reported participant injury rate of 26% in 2022, with combat sports trailing at 16%. Thus, the escalating counts of sports-related injuries are fueling the growth of the osteosynthesis devices market.
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What is the Predicted Annual Growth Rate of theOsteosynthesis Devices Market Impact Industry Trends by 2034?
In recent times, the market size for osteosynthesis devices has seen robust growth. It is projected to expand from $9.51 billion in 2024 to $10.17 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The historical growth is credited to factors such as the increased occurrence of fractures, an expanding elderly population suffering from osteoporosis, a rise in sports-related injuries, a patient inclination towards minimally invasive procedures, a rising demand for orthopedic surgeries, and collaboration between surgeons and device manufacturers.
In the upcoming years, the osteosynthesis devices market is projected to exhibit robust growth, anticipating a size of $12.62 billion by 2029 with a compound annual growth rate (CAGR) of 5.5%. The predicted growth in this timeframe is primarily due to factors such as a growing elderly population, an increase in trauma incidents, widespread orthopedic conditions, the worldwide reach of orthopedic care, along with strategic collaborations and mergers. The forecast period is likely to see prominent trends such as the utilization of locking compression plates (lcp) technology, the emergence of minimally invasive osteosynthesis methods, an emphasis on bioresorbable fixation systems, the incorporation of smart implants with monitoring functions, and progress in the materials used in osteosynthesis devices.
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What Key Market Trends and Innovations Are Shaping the Future of theOsteosynthesis Devices Industry?
Leading organizations in the osteosynthesis device market are prioritizing the creation of revolutionary solutions such as the spinal fixation system to offer dependable services to clients. Such a system finds utility in stabilizing and giving support to the spine dealing with fractures, deformities, or other spinal issues. For example, Life Spine, a company that makes medical devices based in the US, in July 2024, secured FDA approval for the ARx SAI Spinal Fixation System. This ground-breaking system constitutes a crucial breakthrough in the technology of posterior fixation, engineered to facilitate robust stabilization across the sacroiliac joint via a sacral alar iliac trajectory. The ARx SAI system integrates versatile, self-drilling screws that boost surgical efficiency by simplifying the procedures. Its self-harvesting design enables bone incorporation during insertion, supporting healing. Furthermore, the system incorporates a low-profile Cobalt Chrome tulip head for enhanced strength and a user-friendly universal T25 hexalobe drive.
Which Companies Are Leading the Charge in Expanding theOsteosynthesis Devices Market Growth?
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
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How is the Global Osteosynthesis Devices Market Segemented?
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
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Which Geographics are Influencing 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.
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