The North America Osteosynthesis Devices Market would witness market growth of 6.9% CAGR during the forecast period (2022-2028).
Companies use a variety of strategies, such as technological development, the launch of new products, and acquisition, to maintain competitiveness and broaden their market reach. For instance, in March 2019, Exactech acquired EPIC Extremity. The company will be able to offer a full line of ankle reconstructing devices as a result of the acquisition, effectively positioning it to fulfill market expectations.
The growing incidence of osteoarthritis and osteoporosis is the primary cause of the increase in demand for osteosynthesis devices. Major medical organizations list osteoarthritis as one of the most crippling diseases afflicting developed nations, and it can severely restrict a patient's range of motion and mobility. Treatment of the illness is, therefore, important for the general welfare of the older demographic.
For fractures accompanied by dislocation or ligamentous instability, K-wire internal fixation is advised. An avascular fragment can be fixed with smooth wires; at least three wires are required. The Herbert screw is a tried-and-true technique for scaphoid osteosynthesis. The leading threads' larger pitch than the trailing threads' is intended to apply compression across the fracture. The screw is beneath the articular surface and is typically left in place. The screw's internal attachment makes it possible for the wrist to move more quickly.
Due to the rise in musculoskeletal disorders and the increasing incidence of sports-related injuries in the region, North America has the highest demand for Osteosynthesis Devices. The National Center for Injury Prevention and Control of the Centers for Disease Control and Prevention (CDC) estimates that 22,887,137 patients in the United States will visit an emergency room for nonfatal injuries in 2020. Another key factor leading to the growth of the Osteosynthesis Devices market is the expanding geriatric population.
The US market dominated the North America Osteosynthesis Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,232.2 million by 2028. The Canada market poised to grow at a CAGR of 9.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.4% during (2022 - 2028).
Based on Type, the market is segmented into Internal (Screws & Plates, Wires & Pins, Intramedullary Rods & Nails, and Spinal Fixation Devices) and External (Fracture Fixation and Bone Lengthening). Based on Material, the market is segmented into Nondegradable and Degradable. Based on Fracture Type, the market is segmented into Patella, Tibia or Fibula, or Ankle, Hand & Wrist, Foot Bones & Vertebral Column, Hip, Pelvis, Clavicle, Scapula, or Humerus, Femur, Radius or ulna, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Osteosynthesis Devices Market is Estimated to reach $14.2 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DePuy Synthes, Inc. (J & J Company), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, Medtronic PLC, Olympus Corporation, Globus Medical, Inc., Arthrex, Inc., Lepu Medical Technology Co., Ltd, and Life Spine, Inc.
By Type
By Material
By Fracture Type
By Country
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