Osteosynthesis Devices Market Is Predicted To Reach USD 9.9 Billion By 2024: By Grand View Research, Inc.
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.
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.
Browse full research report on Osteosynthesis Devices
Market: http://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: http://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
- Screws
& Plates
- Wires
& pins
- Intramedullary
rods & nails
- Spinal
fixation devices
- External
- Fracture
fixation
- Bone
lengthening
Global Material Outlook (Revenue, USD Million, 2013 -
2024)
- Degradable
- Nondegradable
Regional Outlook (Revenue, USD Million, 2013 - 2024)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
- Saudi
Arabia
Access press release of this research report by Grand
View Research: http://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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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