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2025 Osteosynthesis Devices Market Outlook: Key Indicators Shaping Growth Through 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Osteosynthesis Devices Industry Market Size Be by 2025?
The market size for osteosynthesis devices has witnessed a robust increase in the past few years. It is projected to expand from $9.51 billion in 2024 to $10.09 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.2%. The factors that have led to growth in the historic time frame include an uptick in the frequency of fractures, a growing elderly population suffering from osteoporosis, an increase in sports-associated injuries, a patient inclination towards less invasive procedures, a rising demand for orthopedic surgeries, and a synergetic partnership between surgeons and device manufacturers.
What's the Long-Term Growth Forecast for the Osteosynthesis Devices Market Size Through 2029?
In the coming years, a significant expansion is anticipated in the osteosynthesis devices market. The market is projected to reach $12.62 billion by 2029, growing at a compound annual growth rate of 5.7%. Factors contributing to this surge during the predicted period include a growing elderly population, increased instances of trauma, and the prevalence of orthopedic conditions. The universal adoption of orthopedic care, along with strategic partnerships and mergers, also add to this growth. Future trends to watch for in the forecasted period include the use of locking compression plates (lcp) technology, progress in minimally invasive osteosynthesis techniques, emphasis on bioresorbable fixation systems, incorporating smart implants with tracking features, and advancements in osteosynthesis device materials.
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What Are the Key Growth Drivers Fueling the Osteosynthesis Devices Market Expansion?
The anticipated escalation in road incidents is projected to stimulate the expansion of the osteosynthesis devices market in the future. Road accidents involve scenarios where vehicles crash into each other or other objects on roads, leading to vehicle destruction and public injury. Orthopedic injuries like fractures and bone-breaking often result from such road accidents. Osteosynthesis devices play a significant role in the rehabilitation and recovery of accident victims by regaining mobility and functionality. As per a report from The Road Safety Authority, an Ireland-based government agency, in January 2024, there was an increment in road mortality in Ireland affecting diverse user categories as compared to 2022. The increases were observed among drivers (+13), passengers (+12), motorcyclists (+4), pedal cyclists (+2), pedestrians (+1), and other road users (+1). The average monthly death rate was 13 in 2022, which escalated to 16 deaths per month in 2023. Hence, the rise in the number of road accidents is prompting the growth of the osteosynthesis devices market.
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What Are the Key Trends Driving Osteosynthesis Devices Market Growth?
Principal operators in the osteosynthesis device industry are concentrating on creating pioneering solutions like the spinal fixation system to offer trustworthy services to their clientele. The spinal fixation system gives stability and support to the spine dealing with fractures, deformities or other related conditions. For example, in July 2024, Life Spine, a medical device organization based in the US, secured FDA approval for their ARx SAI Spinal Fixation System. This groundbreaking system indicates a substantial progression in posterior fixation technology and is engineered to deliver sturdy stabilization across the sacroiliac joint through a sacral alar iliac trajectory. The ARx SAI system encompasses versatile, self-drilling screws to amplify surgical productivity by making procedures simpler. The system's self-harvesting design encourages bone integration during implantation, thus fostering healing. The system also comes with a low-profile Cobalt Chrome tulip head for durability and a universal T25 hexalobe drive for easy handling.
How Is the Osteosynthesis Devices Market Segmented?
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 Companies Are Leading the Charge in Osteosynthesis Devices Market Innovation?
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
Which Regions Are Leading the Global Osteosynthesis Devices Market in Revenue?
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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