San Francisco, 3 January 2019: The Report Osteosynthesis Devices Market Analysis By Type (Internal - Screws & Plates, Wires
& Pins, Intramedullary Rods & Nails, Spinal Fixation Devices;
External-Fracture Fixation, Bone Lengthening), By Material (Degradable &
Non-degradable) And Segment Forecasts, 2018 - 2024
The osteosynthesis devices market size is expected to reach a value of USD 9.9 billion by
2024, according to a new report by Grand View Research, Inc. The worldwide
prevalence of conditions like osteoporosis and osteomalacia, coupled with
heavily occurring road traffic injuries/accidents and sporting injuries support
the demand for osteosynthesis devices worldwide.
 |
| Osteosynthesis Devices Market |
Osteoporosis, a disease resulting in weakening
of bones is responsible for causing more than 8.9 million fractures annually.
Forearm, humerus, hip and spine are the most commonly affected areas in
patients suffering from the disease. The incidence and economic burden of
osteoporosis is increasing worldwide, and patients 65 years old or over are at
maximum risk of getting affected.
The geriatric population accounted for 46.2
million in 2014, and is increasingly rising. It is projected that by the year
2060, the number of older population will be twice than that of 2014. The
rising incidence of osteoporosis and increasing count of the geriatric
population is expected to drive demand for osteosynthesis devices in the coming
years.
On the other hand, road traffic deaths are
at the focal point of a crisis facing public health and development. The WHO
reported that accidents/injuries majorly affect the low- and middle-income
countries. Road accidents can cause severe injuries such as broken bones and
fractures and requires immediate orthopediccare and attention.
Access Research Report of Osteosynthesis Devices Market @ www.grandviewresearch.com/industry-analysis/osteosynthesis-devices-market
Further Key Findings from the Study Suggest:
· North America reported highest revenue
growth in this market. U.S. is one of the most lucrative and commercially
important markets for orthopedic device manufacturers. Furthermore, technical
advancements and a growing aging population (14.5% of the U.S. population),
coupled with increasing investments in healthcare sector is estimated to drive
growth in the market.
· Asia Pacific is expected to be an
attractive region for osteosynthesis devices. Asia Pacific is reported to be at
a high risk for osteoporosis because of a reported rise in the elderly
population.
· Internal fixation devices held a higher
market share than external devices in 2015. Although complications such as
infections, consolidation delays, and construct damage are causing concerns,
this has indirectly led to the demand for new research and management options
in the fight against osteoporosis and fractures.
· The development of absorbable and
biocompatible internal bone fixation devices is responsible for leading the
drive for constant innovation in the osteosynthesis devices market.
· Some of the key players in this industry
include DePuy Synthes, Inc.; Smith & Nephew Plc; Stryker; Zimmer Biomet
Holdings, Inc.; Globus Medical, Inc.; GS Medical, LLC; Life Spine, Inc.;
MicroPort Orthopedics, Inc.; Néosteo SAS; and Precision Spine, Inc.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
osteosynthesis devices market by type and material:
Global Type Outlook (Revenue, USD Million,
2013 - 2024)
·
Internal
·
External
Global Material Outlook (Revenue, USD Million, 2013 -
2024)
·
Degradable
·
Nondegradable
Regional Outlook (Revenue, USD Million,
2013 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Osteosynthesis Devices Market@ www.grandviewresearch.com/press-release/global-osteosynthesis-devices-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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