Arthrodesis Plates Market Introduction

Arthrodesis of a joint is an orthopedic procedure often performed in the carpus and tarsus part. Arthrodesis is most commonly indicated after an injury caused by hyperextension. Falling or other impact traumas that hyperextend the carpus can cause severe injury to the numerous small palmar carpal ligaments that support carpal joints. Patients with varying severities of lameness, swelling, and pain have high chances of suffering carpal fractures or dislocations.

Plate stabilization of arthrodesis provides the most substantial and reliable fixation. The common biomechanical location for a pancarpal arthrodesis bone plate is on the palmar surface of the carpus. Plates are sized appropriately for carpal and metacarpal bones. Arthrodesis plates are available in small, medium, and large size which is commonly used for patients having degenerative arthritis, brachial plexus palsies, and spastic disorders. The size of arthrodesis plates varies according to the weight and size of patients.

Arthrodesis Plates Market - Competitive Landscape

Major players operating in the global arthrodesis plates market include B. Braun Melsungen, Zimmer Biomet Holdings, Globus Medical. Inc., Ortho Solutions, Medartis AG, CarboFix Orthopedics Ltd., Stryker Corporation, Vilex in Tennessee, Inc., and Acumed LLC.

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Zimmer Biomet Holdings

Established in 1927, Zimmer Biomet Holdings is located in Warsaw, the U.S. The company develops, produces, and distributes a range of joint replacement products and surgical solutions that serve health care institutions across the globe.

Zimmer Biomet recorded net sales of US$ 6.0 Bn in 2015, reflecting 35% constant currency revenue. The merger of Zimmer and Biomet is further enhancing and diversifying the company’s offerings to reach the most comprehensive portfolio of solutions available for musculoskeletal health.

Stryker Corporation

Established in 1941, Stryker Corporation is located in Kalamazoo, the U.S. Stryker Corporation offers a comprehensive portfolio of solutions for primary, revision knee, and partial hip anthroplasty. The company’s implants are designed to provide surgeons with multiple options to treat patients with osteoarthritis.

Stryker Corporation’s product portfolio includes implants utilized in joint replacement and trauma surgeries, surgical equipment and neurosurgical, neurovascular, and spinal devices as well as other medical devices employed in various medical specialties.

Arthrodesis Plates Market Dynamics

High Prevalence of Birth Anomalies Drives Demand for Arthrodesis Plates

The global arthrodesis plates market is driven by high prevalence of birth anomalies. Increase in incidence of premature birth with bone deformities and ankle & finger abnormalities are the other factors projected to propel the global arthrodesis plates market.

According to an article published in reumatologia, musculoskeletal disorders were the cause of nearly 166 million years lived with disability (YLDs), with neck, ankle, and low back pain accounting for 69.9% deaths.

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Manufacturers Focus on Innovative Techniques to Enter Developing Arthrodesis Plates Market

Manufacturers in the arthrodesis plates market are increasingly investing in the research and development of new and innovative techniques to develop modified arthrodesis plates. These are also focusing on offering highly-efficient and reliable arthrodesis plates to provide better protection against breakage and fragility.

The global arthrodesis plates market is highly fragmented, with the presence of several manufacturers, especially in the developing regions. Emergence of new technologies for wrist arthrodesis companies are introducing fusion plating system, standalone system to avoid extensor tendon irritation. These factors are anticipated to augment the global arthrodesis plates market in the next few years. Moreover, with the increasing number of manufacturers, product differentiation has become vital to gain competitive edge in the arthrodesis plates market.

Inflated Cost of Devices and Nonunion of Plates with Bone

Inflated cost of devices is a key factor hampering the growth of the global arthrodesis plates market. High cost of plates due to supply of raw materials is getting costlier and treatment procedures prices are increasing, hence the factors are likely to hamper the arthrodesis plates market in near future. Moreover, nonunion of plates with bones after surgery increases the risk of inflammation and pain among patients. This is also expected to restrain the global market during forecast period.

Arthrodesis Plates Market Segmentation

In terms of product type, the arthrodesis plates market can be classified into:

  • Anterior Plates
  • Posterior Plates
  • Lateral Plates

Based on size, the arthrodesis plates market can be categorized into:

  • Small
  • Medium
  • Large

In terms of end-user, the arthrodesis plates market can be divided into:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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