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Research Reports

Osteosynthesis Devices Market Size To Reach USD 11.04 Billion By 2026 – Reports and Data

Published by news degree

Posted on August 4, 2021

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High prevalence of incidences where the body ends up resulting in fractures, increasing cases of osteoporosis amongst geriatric population, rise in the cases of bone related issues such as osteoporosis, osteoarthritis and Osgood-Schlatter disease amongst men and women across the world are key factors contributing to high CAGR of Osteosynthesis Devices during forecast period.

According to the current analysis of Reports and Data, the global Osteosynthesis Devices market was valued at USD 6.57 Billion in 2018 and is expected to reach USD 11.04 Billion by year 2026, at a CAGR of 6.7%. The incidences of bone related injuries and osteoporosis diseases have been increased in couple of decades which led to the innovation of osteosynthesis equipment. The osteosynthesis devices is another resultant of the technological advancements in the healthcare sector which is helping to change the landscape of the treatment procedures.

The marketplace for osteosynthesis devices is anticipated to grow at a major rate because of the rising geriatric population who are susceptible to bone disorders, rising demand for minimally invasive surgeries that improves the healing method, and rising incidence of bone fractures across the world expected to drive the osteosynthesis devices market over the forecasted duration. Moreover, with the exception of aforesaid factors, increasing device technology or material advancements in the healthcare sector are also contributing largely to the osteosynthesis devices market since most number of people are preferring advanced procedures. Shifting from the standard methodology of fracture treatment is occurring rapidly in the healthcare practices since the procedure becomes simple and the healing process also gives fast results which is another factor for the market growth and the increasing incidence of road traffic injuries are expected to fuel the market revenue growth for osteosynthesis devices market over the forecasted period.

However, potential complications such as consolidation delays, infections, construct damage, non-adherence to the surgery protocol and lower success rate of osteosynthesis equipment in healing fractures are expected to be the major hindering factors for the market growth of osteosynthesis devices industry in the analysis period.

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Further key findings from the report suggest

Osteosynthesis Devices market is growing at a CAGR of 1% in Asia Pacific followed by North America and Europe, with 6.9% and 6.8% CAGR, respectively. Presence of increasing healthcare expenditure and high patient disposable income is anticipated to drive market growth during the study period. Also the developing healthcare infrastructure in emerging nations is expected to be a major driving factor for the growth of osteosynthesis devices market players.
As of 2018, Hospitals end use is the dominating Osteosynthesis Devices end use which holds 58% of the global market. North America market is projected to be the chief revenue generating source for this product segment, followed by Asia-Pacific and Europe regions
Degradable Material is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 7.2%. The increasing major applications of degradable material instead of stainless steel, metal, or titanium will help to reach the potential market growth.
Orthopedic Clinics was valued at USD 1.47 billion and is expected to reach USD 2.41 billion by 2026. The increasing cases of treatment for various osteo implants is potentially increasing the market growth.
North America is expected to account for the 30.5% of the global Osteosynthesis equipment market. The large number of manufacturers of orthopedic devices in the region of US is the primary contributing factor. High prevalence of diseases related with bone tissues across the globe is the key factor to accelerate the market growth during forecast period across all regions. Also, an increasing spending in healthcare expenditure, which accounts for 17% of the nation’s GDP, makes it the most commercially profitable and the prime market for osteosynthesis equipment.
The High cost associated with devices and surgeries and the increase in the cases of product recalls are likely to hinder the market growth during the forecast period.
Key participants of osteosynthesis devices market include DePuy Synthes, Inc., Smith & Nephew Plc., Striker Corporation, Zimmer-Biomet, Globus Medical, Inc., GS Medical, LLC, Life Spine, Inc., MicroPort Orthopedics, Inc., and Neosteo SAS, Precision Spine, Inc.

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Segments covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this report, Reports and Data has segmented the Osteosynthesis Devices market on the basis of type, material, end use, and region:

Type (Revenue, USD Million; 2016–2026)

Internal
External

Material (Revenue, USD Million; 2016–2026)

Degradable
Nondegradable

End Use (Revenue, USD Million; 2016–2026)

Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers

Regional Outlook (Revenue in USD Million; 2016–2026)

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Spain
- Benelux
- Italy
- Rest of the Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Australia
- Rest of Asia-Pacific
Middle East & Africa
- Saudi Arabia
- South Africa
- Egypt
- Israel
- Rest of MEA
Latin America
- Brazil
- Argentina
- Rest of Latin America

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Key Advantages of the Osteosynthesis Devices Market Report:

Detailed analysis of changing dynamics of the global Osteosynthesis Devices market
Valuable insights on key market growth driving trends and monetary competence over the forecast period
SWOT analysis and Porter’s Five Forces analysis for each key market player to offer competitive advantage to readers and investors
Comprehensive assessment of competitive landscape and regional analysis
Assessment of key factors driving and restraining market growth
Analysis of threats, limitations, growth prospects, opportunities, and barriers in the market
Strategic recommendations to key market players and new entrants to assist them in gaining a robust footing in the market

Thank you for reading our report. Customization of this report is available according to the requirement of the clients. For further query or information regarding this report, please get in touch with us and team will ensure your doubts are cleared.

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