Osteosynthesis Devices Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The Global Osteosynthesis Devices Market was estimated to be US$ 8.98 Billion in 2022 and is expected to reach US$ 20.12 Billion by 2032 at a CAGR of 8.4%.
Osteosynthesis devices refer to medical implants and instruments used to stabilize and facilitate the healing of bone fractures or orthopedic surgeries. These devices are designed to provide mechanical support and alignment to fractured bones, allowing them to heal properly.
Osteosynthesis devices can include plates, screws, nails, wires, and pins made from materials such as stainless steel, titanium, or bioabsorbable materials. They are surgically implanted into the affected bone to provide stability, promote bone union, and aid in the recovery process. Osteosynthesis devices play a crucial role in the field of orthopedics and are widely used in the treatment of fractures and other bone-related conditions.
Osteosynthesis Devices Market Growth Drivers
Increasing prevalence of fractures is driving the market growth
The global osteosynthesis devices market is driven by several key factors.
Firstly, there is an increasing prevalence of bone fractures and orthopedic conditions, resulting from sports injuries, road accidents, and age-related factors. This growing incidence necessitates effective fracture management and treatment, leading to a higher demand for osteosynthesis devices.
Secondly, the global population is aging, contributing to a rise in age-related conditions such as osteoporosis and degenerative joint diseases. As the geriatric population increases, the demand for orthopedic procedures and osteosynthesis devices also grows. This demographic requires effective treatment options for fractures and musculoskeletal disorders.
Lastly, technological advancements play a vital role in driving the market. Innovations in osteosynthesis devices include the use of biocompatible and bioabsorbable materials, patient-specific implants, and minimally invasive surgical techniques. These advancements lead to improved outcomes and enhanced patient care. Overall, the increasing prevalence of fractures, the growing geriatric population, and technological advancements are significant factors propelling the global osteosynthesis devices market.
Application Segmentation of Global Osteosynthesis Devices Market
Fractures is a largest application segment in the market
Based on application, the largest segment is typically fractures. Fractures are a common occurrence and can happen due to various reasons, including accidents, sports injuries, or age-related factors. The treatment of fractures often requires the use of osteosynthesis devices to stabilize and facilitate the healing process. Osteosynthesis devices such as plates, screws, nails, and wires are extensively used in fracture management to provide mechanical support, alignment, and stability to the fractured bone.
The high prevalence of fractures, coupled with the increasing awareness about the benefits of timely and effective fracture treatment, drives the demand for osteosynthesis devices in this segment. Additionally, advancements in osteosynthesis technologies and techniques have made fracture management more efficient and improved patient outcomes.
The availability of a wide range of osteosynthesis devices tailored for different types and locations of fractures further supports the dominance of the fractures segment.
While orthopedic surgeries and spinal fusion procedures are also significant applications in the osteosynthesis devices market, the larger patient pool and the frequency of fractures contribute to the fractures segment being the largest. The segment's size is a result of the widespread need for fracture management and the continuous advancements in osteosynthesis devices to cater to this demand effectively.
Regional Trends of the Global Osteosynthesis Devices Market
United States dominates the global osteosynthesis devices market
Geographically, the global osteosynthesis devices market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Following are some of the major trends in these regions –
North America: The North American region, particularly the United States, dominates the global osteosynthesis devices market. The region's advanced healthcare infrastructure, high healthcare expenditure, and technological advancements contribute to its market growth. Additionally, a large patient population, rising prevalence of orthopedic conditions, and favorable reimbursement policies drive the demand for osteosynthesis devices in this region.
Europe: Europe is a significant market for osteosynthesis devices, driven by factors such as a well-established healthcare system, increasing geriatric population, and a high incidence of orthopedic conditions. The region's focus on advanced healthcare technologies and a strong presence of key market players contribute to market growth. Additionally, initiatives promoting research and development in orthopedic devices further boost the market.
Asia-Pacific: The Asia-Pacific region presents significant growth opportunities for the osteosynthesis devices market. Factors such as a large population, rising disposable income, improving healthcare infrastructure, and increasing awareness about orthopedic conditions contribute to market growth. Countries like China, India, and Japan are witnessing rapid market expansion due to the growing aging population, higher incidence of fractures, and increasing demand for advanced orthopedic treatments.
Middle East and Africa: The Middle East and Africa region show a growing demand for osteosynthesis devices due to increasing healthcare investments, improving healthcare facilities, and a rising prevalence of orthopedic conditions. Countries like the United Arab Emirates, Saudi Arabia, and South Africa are driving market growth in the region. However, the market in this region is comparatively smaller than other regions due to economic factors and limited healthcare resources in certain areas.
South America: The South American region exhibits a growing demand for osteosynthesis devices driven by an increasing aging population, a rising incidence of fractures, and improvements in healthcare infrastructure. Brazil, Argentina, and Mexico are key markets within the region. However, market growth in South America can be influenced by factors such as economic volatility and limited access to advanced healthcare facilities in certain areas.
Key players and market strategies:
Companies operating in the global osteosynthesis devices market adopt various growth strategies to expand their market presence and gain a competitive edge.
Some major growth strategies include:
Product Launch and Innovation: Companies focus on introducing new and innovative osteosynthesis devices to address unmet needs and stay ahead in the market. For example, in 2021, Medtronic launched the Medtronic Infinity Acetabular System, an advanced orthopedic implant designed for hip joint reconstruction, offering surgeons improved implant options and patient-specific solutions.
Strategic Partnerships and Collaborations: Companies form strategic partnerships and collaborations to leverage complementary strengths and expand their product portfolios. For instance, Zimmer Biomet collaborated with Apple to develop a digital health solution that utilizes Apple Watch and iPhone to monitor patient recovery after joint replacement surgeries, enhancing patient care and outcomes.
Mergers and Acquisitions: Companies pursue mergers and acquisitions to consolidate their market position, gain access to new technologies, or expand into new geographical regions. In 2020, Stryker Corporation acquired Wright Medical Group, a global orthopedic medical device company, strengthening Stryker's presence in the extremities and biologics segment.
Geographic Expansion: Companies seek to expand their market reach by entering new geographical regions or strengthening their presence in existing markets. For example, DePuy Synthes, a subsidiary of Johnson & Johnson, has been expanding its operations in emerging markets such as China and India, capitalizing on the growing healthcare infrastructure and patient population.
Marketing and Promotional Activities: Companies invest in marketing and promotional activities to increase product awareness and educate healthcare professionals about the benefits of their osteosynthesis devices. This can include participation in medical conferences, educational programs, and digital marketing campaigns.
Arthrex, Inc., B. Braun Melsungen AG, DePuy Synthes, Globus Medical, Inc., Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., Medtronic plc, NuVasive, Inc., Orthofix Medical Inc., Smith & Nephew plc, Stryker Corporation, Wright Medical Group N.V., Zimmer Biomet Holdings, Inc., Össur, DJO Global, Inc. and many more.
Global Osteosynthesis Devices Market Segmentation:
By Device Type:
- Internal
- Screws & Plates
- Wires &pins
- Intramedullary rods and nails
- Spinal fixation devices
- External
- Fracture fixation
- Bone lengthening
By Material Type:
- Stainless Steel
- Titanium
- Bioabsorbable Materials
By Application:
- Fractures
- Orthopedic Surgeries
- Spinal Fusion Procedures
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
By Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Osteosynthesis Devices Market
- Global Osteosynthesis Devices Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces
- Trends
- Global Osteosynthesis Devices Market Analysis and Forecast, by Device Type
- Overview and definitions
- Key segment analysis
- Global Osteosynthesis Devices Market Size Estimates (US$ Mn), by Device Type, 2019 – 2032
- Internal
- Screws & Plates
- Wires &pins
- Intramedullary rods and nails
- Spinal fixation devices
- External
- Fracture fixation
- Bone lengthening
- Internal
- Global Osteosynthesis Devices Market Analysis and Forecast, by Material
- Overview and definitions
- Key segment analysis
- Global Osteosynthesis Devices Market Size Estimates (US$ Mn), by Material, 2019 – 2032
- Stainless Steel
- Titanium
- Bioabsorbable Materials
- Global Osteosynthesis Devices Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Osteosynthesis Devices Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Fractures
- Orthopedic Surgeries
- Spinal Fusion Procedures
- Global Osteosynthesis Devices Market Size Estimates (US$ Mn), by End User, 2019 – 2032
- Overview and definitions
- Key segment analysis
- Global Osteosynthesis Devices Market Size Estimates (US$ Mn), by End User, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Global Osteosynthesis Devices Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Osteosynthesis Devices Market Size Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Osteosynthesis Devices Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Osteosynthesis Devices Market Size Estimates (US$ Mn), by Device Type, 2019 – 2032
- Internal
- Screws & Plates
- Wires &pins
- Intramedullary rods and nails
- Spinal fixation devices
- External
- Fracture fixation
- Bone lengthening
- North America Osteosynthesis Devices Market Size Estimates (US$ Mn), by Material, 2019 – 2032
- Stainless Steel
- Titanium
- Bioabsorbable Materials
- North America Osteosynthesis Devices Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Fractures
- Orthopedic Surgeries
- Spinal Fusion Procedures
- North America Osteosynthesis Devices Market Size Estimates (US$ Mn), by End User, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- North America Osteosynthesis Devices Market Size Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Internal
- Europe Osteosynthesis Devices Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Osteosynthesis Devices Market Size Estimates (US$ Mn), by Device Type, 2019 – 2032
- Internal
- Screws & Plates
- Wires &pins
- Intramedullary rods and nails
- Spinal fixation devices
- External
- Fracture fixation
- Bone lengthening
- Europe Osteosynthesis Devices Market Size Estimates (US$ Mn), by Material, 2019 – 2032
- Stainless Steel
- Titanium
- Bioabsorbable Materials
- Europe Osteosynthesis Devices Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Fractures
- Orthopedic Surgeries
- Spinal Fusion Procedures
- Europe Osteosynthesis Devices Market Size Estimates (US$ Mn), by End User, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Europe Osteosynthesis Devices Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Internal
- Asia Pacific Osteosynthesis Devices Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Osteosynthesis Devices Market Size Estimates (US$ Mn), by Device Type, 2019 – 2032
- Internal
- Screws & Plates
- Wires &pins
- Intramedullary rods and nails
- Spinal fixation devices
- External
- Fracture fixation
- Bone lengthening
- Asia Pacific Osteosynthesis Devices Market Size Estimates (US$ Mn), by Material, 2019 – 2032
- Stainless Steel
- Titanium
- Bioabsorbable Materials
- Asia Pacific Osteosynthesis Devices Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Fractures
- Orthopedic Surgeries
- Spinal Fusion Procedures
- Asia Pacific Osteosynthesis Devices Market Size Estimates (US$ Mn), by End User, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Asia Pacific Osteosynthesis Devices Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Internal
- Middle East & Africa Osteosynthesis Devices Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Osteosynthesis Devices Market Size Estimates (US$ Mn), by Device Type, 2019 – 2032
- Internal
- Screws & Plates
- Wires &pins
- Intramedullary rods and nails
- Spinal fixation devices
- External
- Fracture fixation
- Bone lengthening
- Middle East & Africa Osteosynthesis Devices Market Size Estimates (US$ Mn), by Material, 2019 – 2032
- Stainless Steel
- Titanium
- Bioabsorbable Materials
- Middle East & Africa Osteosynthesis Devices Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Fractures
- Orthopedic Surgeries
- Spinal Fusion Procedures
- Middle East & Africa Osteosynthesis Devices Market Size Estimates (US$ Mn), by End User, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Middle East & Africa Osteosynthesis Devices Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East
- Internal
- South America Osteosynthesis Devices Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Osteosynthesis Devices Market Size Estimates (US$ Mn), by Device Type, 2019 – 2032
- Internal
- Screws & Plates
- Wires &pins
- Intramedullary rods and nails
- Spinal fixation devices
- External
- Fracture fixation
- Bone lengthening
- South America Osteosynthesis Devices Market Size Estimates (US$ Mn), by Material, 2019 – 2032
- Stainless Steel
- Titanium
- Bioabsorbable Materials
- South America Osteosynthesis Devices Market Size Estimates (US$ Mn), by Application, 2019 – 2032
- Fractures
- Orthopedic Surgeries
- Spinal Fusion Procedures
- South America Osteosynthesis Devices Market Size Estimates (US$ Mn), by End User, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- South America Osteosynthesis Devices Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Internal
- Competition Analysis – Osteosynthesis Devices Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Arthrex, Inc.
- Business overview
- Geographic presence
- Financial facts
- Relevant news and strategic view
- Braun Melsungen AG
- DePuy Synthes
- Globus Medical, Inc.
- Integra LifeSciences Corporation
- Johnson & Johnson Services, Inc.
- Medtronic plc
- NuVasive, Inc.
- Orthofix Medical Inc.
- Smith & Nephew plc
- Stryker Corporation
- Wright Medical Group N.V.
- Zimmer Biomet Holdings, Inc.
- Össur
- DJO Global, Inc.
- Arthrex, Inc.
- Conclusion & Recommendations
Frequently asked questions about this report
How large is the osteosynthesis devices market?
The osteosynthesis devices market is expected to reach US$ 20.12 Billion by 2032.
What is the osteosynthesis devices market growth?
The osteosynthesis devices market is expected grow at a CAGR of 8.4% from 2023 to 2032.
What was the value of the osteosynthesis devices market in 2022?
The osteosynthesis devices market was estimated to be US$ 8.98 Billion in 2022.
What are the major driving factors in the osteosynthesis devices market?
The global osteosynthesis devices market is driven by several key factors including increasing prevalence of fractures, the growing geriatric population, and technological advancements.
Which country dominates the global osteosynthesis devices market?
The United States dominates the global osteosynthesis devices market. A large patient population, rising prevalence of orthopedic conditions, and favorable reimbursement policies drive the demand for osteosynthesis devices in North America.
Which application is the largest in the osteosynthesis devices market?
Fractures is a largest application segment in the market. Fractures are a common occurrence and can happen due to various reasons, including accidents, sports injuries, or age-related factors.
Which are leading players in the osteosynthesis devices market?
Arthrex, Inc., B. Braun Melsungen AG, DePuy Synthes, Globus Medical, Inc., Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., Medtronic plc, NuVasive, Inc., Orthofix Medical Inc., Smith & Nephew plc, Stryker Corporation, Wright Medical Group N.V., Zimmer Biomet Holdings, Inc., Össur, DJO Global, Inc. among others, are the leading players in this market.