Osteosynthesis Devices Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Canada, Germany, UK, China - Size and Forecast 2024-2028

Osteosynthesis Devices Market Forecast 2024-2028

The global osteosynthesis devices market size is estimated to grow by USD 5.75 billion at a CAGR of 8.91% between 2023 and 2028. The orthopedic implants market is driven by a growing demand for innovative solutions to address various musculoskeletal conditions and injuries. Orthopedic biomedicine and prosthetics are essential tools in orthopedic surgery, facilitating procedures for fractures, osteoarthritis, and degenerative diseases. Cortical cancellous screws, fusion techniques, and metal implants play crucial roles in stabilizing and repairing bones, particularly in the hip, knee, spine, shoulder, foot, and ankle regions. Surgeons rely on metal plates, screws, nails, and intramedullary rods for fixation and support during procedures.

Additionally, advancements in minimally invasive surgery and degradable implants enhance patient outcomes and recovery. Anatomic plates, titanium plates, and stainless steel plates provide durable solutions for long-term orthopedic care. External fixators and cannulated screws offer versatile options for precise anatomical alignment and fracture management.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation by Type, Material, and Geography Analysis

Type Analysis 

Internal 

The market share growth by the internal segment will be significant during the forecast period. Internal fixation devices, such as plates, screws, and intramedullary nails, provide enhanced stability to fractured bones. They help maintain proper alignment and prevent movement at the fracture site, reducing the risk of malunion or nonunion. Internal fixation promotes a more favorable environment for bone healing. By stabilizing the fracture and providing compression at the fracture site, these devices facilitate the natural process of bone regeneration, potentially leading to faster and more robust healing.

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The internal segment was valued at USD 5.66 billion in 2018. Moreover, internal osteosynthesis devices can be customized and anatomically contoured to fit the specific anatomy of the patient. This customization enhances the precision of surgical intervention and contributes to optimal biomechanical alignment. Internal osteosynthesis devices, particularly those made from materials such as stainless steel or titanium, offer long-term durability. Consequently, such factors will boost the growth of the internal segment and propel the growth of the global market during the forecast period.

Material Analysis 

Degradable

Degradable implants provide temporary support and stability to fractured bones during the critical healing period in traumatology and orthopedic trauma cases. They serve as a scaffold for the initial fixation, allowing the bone to mend and regain its strength. The main advantage of degradable devices is their gradual degradation over time, offering a solution for bone repair. Degradable implants can reduce the risk of stress shielding, a phenomenon where a permanent implant takes on a load-bearing role, potentially causing bone resorption due to reduced mechanical stress on the bone.

Furthermore, degradable implants can be designed to have varying rates of degradation based on the specific needs of the patient and the expected healing time. This allows for customization and adaptability in different clinical scenarios, enhancing the effectiveness of surgical instruments and medical equipment used in orthopedic trauma cases. Thus, such factors will drive the growth of the degradable segment and boost the growth of the market during the forecast period.

Regional Analysis

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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The prevalence of orthopedic conditions, and the aging population is a demographic trend that contributes to the demand for osteosynthesis devices, as these conditions often require surgical intervention for stabilization and bone healing. Ongoing advancements in orthopedic technologies such as improved materials, design innovations, and minimally invasive surgical techniques, drive the adoption of osteosynthesis devices.

Furthermore, the preference for minimally invasive surgical procedures is growing among patients and surgeons in North America. Minimally invasive techniques using osteosynthesis devices result in smaller incisions, reduced trauma, and faster recovery times, driving the demand for osteosynthesis devices in North America. Hence, such factors will drive the growth of the market during the forecast period.

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Market Dynamics and Customer Landscape

The market is propelled by the demand for orthopedic interventions, driven by orthopedic implants, prosthetics, and surgical tools like cortical cancellous screws and metal plates. Fusion procedures involving the hip, knee, spine, shoulder, and foot & ankle rely on these tools for stabilization. Fracture treatment utilizes degradable and nondegradable screws, nails, and metal implants, alongside osteosynthesis devices like cannulated screws and anatomic plates.

Minimally invasive surgeries benefit from titanium and stainless steel plates or intramedullary rods, with external fixators aiding complex cases. Emerging trends focus on biocompatible materials for fusion procedures and advancements in prosthetics, tools, and orthopedic biomedicine to enhance surgical precision and patient outcomes.

Key Market Drivers

The market is driven by a growing susceptibility to orthopedic conditions, fractures, and degenerative bone diseases with age. Fracture fixation devices and bone lengthening devices emerge as pivotal tools in addressing these ailments, intensifying the demand for orthopedic interventions overall. Aging correlates with increased fracture incidence, notably due to osteoporosis and reduced bone density, necessitating surgical interventions utilizing cannulated screws and metal implants for stabilization during healing.

By 2030, one in every six people worldwide will be 60 or older, escalating to 1.4 billion from 1 billion in 2020. By 2050, the elderly population will double to 2.1 billion, with those aged 80 and above tripling to 426 million. The aging process brings degenerative bone diseases like osteoarthritis, wherein skull, sternum, ribs, clavicle, scapula, humerus, radius, ulna, hand, wrist, patella, tibia, fibula, and foot bones are affected. Osteosynthesis devices are crucial in joint replacements and spinal surgeries, aiming to enhance mobility and life quality. This demographic's pursuit of active aging propels the demand for orthopedic interventions, further stimulating the osteosynthesis devices market growth.

Significant Market Trends

Growing awareness of preventive orthopedics is the primary trend shaping market growth. Preventive orthopedics encourages early intervention through non-surgical approaches such as physical therapy, lifestyle modifications, and exercise regimens. However, in cases where surgical intervention is necessary, osteosynthesis devices may still play an important role in providing stability and facilitating the healing process. Preventive orthopedics aligns with the trend toward minimally invasive surgical procedures. 

Preventive orthopedics includes raising awareness about ergonomic practices and proper body mechanics, especially in occupational settings. This can help reduce the risk of work-related musculoskeletal injuries and conditions, potentially mitigating the need for extensive orthopedic interventions. In addition to that, wearable technologies designed to monitor movement, posture, and activity levels contribute to preventive orthopedics.  Thus, growing awareness of preventive orthopedics will drive the market's growth during the forecast period.

Major Market Challenges

Concerns associated with metal allergies and biocompatibility is a challenge that affects market growth. Hypersensitivity reactions, particularly delayed-type hypersensitivity, can occur in response to metal exposure. This immune response may manifest as persistent inflammation and discomfort around the implant site, potentially leading to complications and the need for additional medical interventions. Furthermore, inflammatory responses can affect the stability and integration of the implant with surrounding bone tissue, potentially leading to loosening or failure over time.

Additionally, identifying patients at risk of metal allergies before implantation is challenging. Preoperative testing for metal sensitivities is not routine and may not be universally implemented. This lack of standardized testing can pose challenges in identifying individuals who may be susceptible to adverse reactions. Thus, the concerns associated with metal allergies and biocompatibility will impede the growth of the global market during the forecast period.

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Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Integra Lifesciences Corp.: The company offers osteosynthesis devices such as Tracker Plus Kyphoplasty system which is an advanced total solution for vertebral compression fractures due to osteoporosis and cancer.

• Arthrex Inc.
• B.Braun SE
• Conmed Corp.
• Globus Medical Inc.
• Johnson and Johnson
• Lepu Medical Technology Beijing Co. Ltd.
• Medtronic Plc
• Orthofix Medical Inc.
• Precision Spine Inc.
• Smith and Nephew plc
• Stryker Corp.
• Zimmer Biomet Holdings Inc.
• Life Spine Inc.
• GS Solutions Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Key Osteosynthesis Devices Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Osteosynthesis Devices Market Customer Landscape

Market Analyst Overview

In the realm of orthopedic biomedicine, the osteosynthesis devices market thrives, offering a vast array of solutions ranging from orthopedic implants to tools and prosthetics. These devices cater to various anatomical regions, including the knee, shoulder, foot & ankle, and even facial bones.

Key components like cortical cancellous screws and metal plates play pivotal roles in fracture fixation and fusion procedures, ensuring stability and facilitating bone lengthening. Furthermore, advancements such as minimally invasive surgery and external fixators enhance patient outcomes and reduce recovery times.

Materials like titanium plates and stainless steel plates provide durability and strength for spinal fixation devices and anatomic plate and screw applications. Meanwhile, intramedullary rods aid in addressing complex fractures of the vertebral column, pelvis, femur, and more.

As the market evolves, strategic market growth analysis and market forecasting guide the development of innovative solutions, ensuring continuous improvement in fracture fixation techniques and osteosynthesis devices to address conditions like osteoarthritis and promote optimal healing for patients.

Segment Overview

The osteosynthesis devices market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Type Outlook
  • Internal
  • External

• Material Outlook
  • Degradable
  • Non-degradable

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of the World (ROW)
    • Argentina
    • Brazil 
    • Australia

Osteosynthesis Devices Market Scope
Report Coverage	Details
Page number	150
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 8.91%
Market Growth 2024-2028	USD 5.75 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	8.09
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 38%
Key countries	US, Canada, Germany, UK, and China
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Arthrex Inc., B.Braun SE, Conmed Corp., Globus Medical Inc., Integra Lifesciences Corp., Johnson and Johnson, Lepu Medical Technology Beijing Co. Ltd., Medtronic Plc, MicroPort Scientific Corp., Neosteo SA, Olympus Corp., Orthofix Medical Inc., Precision Spine Inc., Smith and Nephew plc, Stryker Corp., Zimmer Biomet Holdings Inc., Life Spine Inc., and GS Solutions Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Osteosynthesis Devices Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the osteosynthesis devices market between 2024 and 2028
• Precise estimation of the osteosynthesis devices market size and its contribution of the market in focus to the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies position and classification
• Accurate predictions about market research and growth and changes in consumer behavior
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of osteosynthesis devices market companies

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