The Global Osteosynthesis Devices Market Growth at a rate of 7.30% in the forecast period 2022 to 2029
Market Analysis and Insights - Global Osteosynthesis Devices Market
The global epidemic of diseases such as osteoporosis and osteomalacia, coupled with the high incidence of road accidents and sports injuries, supports the demand for osteosynthesis devices worldwide. The increase in the number of patients suffering from these diseases is directly related to the increase in the elderly population. However, osteosynthesis devices have been the subject of product recalls very frequently these days, significantly limiting their general usefulness and market growth.
Data Bridge Market Research analyses that the osteosynthesis devices market, which was valued at USD 2.47 billion in 2021, would rocket up to USD 4.34 billion by 2029, and is expected to undergo a CAGR of 7.30% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The Global Osteosynthesis Devices Market Size
Market Definition
Osteosynthesis is usually the reduction and internal fixation of a fracture with a metal implant. Surgical procedures are performed using an open or percutaneous approach to the fractured bone. With the increasing prevalence of fractures worldwide, osteosynthesis devices are needed. Specially designed metal plates, screws, and nail-shaped osteosynthesis devices are used to scientifically repair bone by compression between fragments and achieve fracture healing.
The osteosynthesis devices market is segmented on the basis of type, material and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Global Osteosynthesis Devices Market Country Level Analysis
The osteosynthesis devices market is analyzed and market size insights and trends are provided by country, type, material and end-user as referenced above.
The countries covered in the osteosynthesis devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the osteosynthesis devices market. The large market for orthopedic devices is concentrated in the U.S., with rising medical costs accounting for 17.5% of the country's GDP, making the United States the most commercially profitable and largest market for osteosynthesis devices.
Global Osteosynthesis Devices Market Share Analysis
The osteosynthesis devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to osteosynthesis devices system market.
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Key Players Global Osteosynthesis Devices Market
Some of the major players operating in the osteosynthesis devices market are:
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Johnson & Johnson Private Limited (U.S.)
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Smith+Nephew (U.S.)
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Stryker (U.S.)
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Zimmer Biomet (U.S.)
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Globus Medical (U.S.)
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G.S. Solutions, Inc (U.S.)
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Life Spine, Inc. (U.S.)
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MicroPort Scientific Corporation (China)
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Néosteo SAS (France)
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Precision Spine, Inc. (U.S.)
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B. Braun Melsungen AG (Germany)
Global Osteosynthesis Devices Market Report Answers the Following Questions:
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How much revenue will the Global Osteosynthesis Devices Market generate by the end of the forecast period?
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Which market segment is expected to have the maximum market share?
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What are the influencing factors and their impact on the Global Osteosynthesis Devices Market ?
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Which regions are currently contributing the maximum share of the overall Global Osteosynthesis Devices Market ?
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What indicators are likely to stimulate the Global Osteosynthesis Devices Market ?
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What are the main strategies of the major players in the Global Osteosynthesis Devices Market to expand their geographic presence?
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