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Bone Stabilization System Market: Introduction

  • Fractures of the proximal humerus are among the most common long-bone fractures and present unique challenges to surgeons
  • Long bone fractures are traditionally treated surgically via either minimally invasive plate osteosynthesis (MIPO) or open reduction and internal fixation (ORIF), which utilizes intramedullary (IM) nails or plating to provide stability
  • Treatment with internal fixation using intramedullary nails or plating is associated with poor clinical outcomes in this patient population. Subsequent fractures and complications such as screw pull-out necessitate additional interventions, prolonging recovery and increasing health care costs.
  • The Photodynamic Bone Stabilization System (PBSS) is a minimally invasive surgical technique that enables clinicians to repair bone fractures using a light-curable polymer contained within an inflatable balloon catheter, offering a new treatment option for osteoporotic long bone fractures.
  • The unique polymer compound and catheter application provides a customizable solution for long bone fractures that produces internal stability while maintaining bone length, rotational alignment, and postsurgical mobility.

Key Drivers, Restrains, and Opportunities of Global Bone Stabilization System Market

  • The global bone stabilization system market is expected to increase owing to a surge in osteoporotic long bone fractures
  • According to article published in Cureus in 2018, Proximal humeral fractures are the second-most common fracture of the upper extremity and account for approximately 5% of all upper extremity fractures. In patients aged 65 or older, humeral fractures rival only hip and wrist fractures in incidence and account for 10% of all fractures in this population. Humeral shaft, distal humerus, and diaphyseal fractures are less common than proximal humerus fractures, although diaphyseal fractures constitute 20% of all humeral fractures.
  • Unavailability of proper procedures or techniques to treat osteoporotic long bone fractures is another factor fueling the global bone stabilization system market. A surge in the demand for technologically advanced products is expected to drive the global bone stabilization system market during the forecast period.
  • According to the International Osteoporosis Foundation, about 8.9 million fractures per year across the world are caused due to osteoporosis, thus resulting in an osteoporotic fracture every few seconds.
  • The global bone stabilization system market is projected to expand in the near future. This is because of a surge in the aging population and increasing awareness about bone stabilization system across globe.
  • According to World Health Organization (WHO), by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. Presently, 125 million people are aged 80 years or older. By 2050, almost this many (120 million) would be living in China alone, and 434 million people in this age group worldwide.
  • Rising inclination of medical professionals and population for minimally invasive procedure is boosting the global bone stabilization system market
  • Availability of osteoporosis drugs and stringent regulations for medical devices are major factors that are likely to hamper the global bone stabilization system market during the forecast period

North America to Capture Major Share of Global Bone Stabilization System Market

  • North America is expected to dominate the global bone stabilization system market. This is because of increasing incidence of traumatic injuries and the presence of a large number of stabilization system manufacturers in the region. Additionally, favorable government initiatives further boost the global bone stabilization system market in the region.
  • Europe is expected to hold a major share of global bone stabilization system market, due to well-established healthcare infrastructure and early adoption of technologically advance products in the region
  • The bone stabilization system market in Asia Pacific is estimated to expand at a rapid pace during the forecast period owing to high growth in population, increase in disposable income, and rise in awareness among patients regarding such devices in the region

Key Players Operating in Global Bone Stabilization System Market

Major players operating in the global bone stabilization system market are listed below:

  • IlluminOss Medical, Inc.
  • B. Braun Melsungen AG
  • Zimmer Biomet Holdings, Inc.
  • Stryker Corporation
  • DePuy Synthes, Inc. (J & J Company)
  • Smith & Nephew
  • OsteoMed
  • Jeil Medical Corporation
  • TST Tibbi Aletler San. Ve Tic. Ltd. Sti.
  • Globus Medical Inc.

Global Bone Stabilization System Market: Research Scope

Global Bone Stabilization System Market, by Device Type

  • Internal Fixation Devices
    • Screws and Plates
    • Wires and Pins
    • Intramedullary Rods and Nails
    • Spinal Fixation Devices
  • External Fixation Devices
    • Fracture Fixation Devices
      • Radius Fracture Fixation Devices
      • Tibial Fracture Fixation Devices
      • Pelvis Fracture Fixation Devices
    • Bone Lengthening Devices
    • Ilizarov Devices
  • Photodynamic Bone Stabilization System (PBSS)

Global Bone Stabilization System Market, by Material

  • Degradable
  • Non-degradable

Global Bone Stabilization System Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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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Bone Stabilization System Market

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