Osteosynthesis Devices Market

The key factor responsible for the rising demand for osteosynthesis devices is the growing prevalence of osteoarthritis and osteoporosis. Both medical issues have a considerable public health burden as they occur commonly among the geriatric population around the world. The rise in the number of patients suffering from these conditions is directly related to the growing population of the elderly. Osteoarthritis, termed by major medical organizations as one of the leading disabling diseases in developed countries, can add severe limitations to the movement and mobility of a patient. Therefore, treatment of the disease is pertinent to the overall geriatric demographic wellbeing.

Outside of the elderly population, there are several factors that drastically increase the chances of a patient suffering from osteoarthritis, including obesity and physical injuries. As such, a rise in the number of obese people, especially in developed nations, is a highly concerning factor for healthcare agencies and a major driver for the production and development of osteosynthesis devices. The number of road accidents and sports injuries is also increasing around the world, adding to the probability of an increase in the demand for osteosynthesis devices in the coming years.

Osteosynthesis devices, however, have quite often been subject to product recalls in recent past, severely reducing their overall usability and market growth.

A culmination of the above factors along with other minor drivers and restraints is likely to result in a CAGR of 6.5% for the global osteosynthesis devices market revenue from 2015 to 2023. By the end of 2016, this revenue is expected to reach US$6.69 bn, and US$11.09 bn by the end of 2023.

North America Demand for Osteosynthesis Devices Soars as Elderly Population Increases

By the end of 2023, the revenue generated from North America by manufacturers of osteosynthesis devices is expected to reach US$4.7 bn. This falls in place with the consistent dominance shown by the region in terms of demand. The key reason for this high demand is the large number of geriatrics in the region. Additionally, the large presence of key players and the high investments in osteosynthesis by governments have also added to the growth in demand for osteosynthesis devices in the region. Osteosynthesis devices are mostly available at premium prices in both North America and Europe. This has not deterred purchasers as the use of premium osteosynthesis devices provides a higher level of treatments to be made available for a problem that is already exceedingly high in priority.

Meanwhile, Asia Pacific is showing a significantly high demand for osteosynthesis devices, owing to a high population density and a rapidly increasing healthcare infrastructure and reach. This region’s revenue from osteosynthesis devices is expanding at a CAGR of 8.3% from 2015 to 2023. It is therefore considered as the most lucrative region by key players.

 

osteosynthesis-devices-market

 

Non-degradable Materials Continue Dominating Market Demand

Degradable and non-degradable are the two major types of material categories in use to make osteosynthesis devices. Of these, non-degradable materials already have a long history of use in osteosynthesis devices and orthopedic implants. They are most commonly inclusive of cobalt-chromium alloys, stainless steels, and titanium. At the moment, the overall growth rate and demand for non-degradable osteosynthesis devices is quite high, owing to the utility-based advantages they provide. Titanium, for instance, is considered as the most biocompatible metal and offers high indices of elasticity, strength, and corrosion resistance.

However, non-degradable devices are connected to a higher rate of transmitting infections, thus complicating a patient’s health and increasing the chances for a second surgery. As a result, larger healthcare organizations are pushing for the use of degradable osteosynthesis devices that offer a one-time use and therefore considerably reduce the chances of infections. The future of osteosynthesis devices could very well be based in the development of degradable materials.

The key manufacturers of osteosynthesis devices across the world include DePuy Synthes, Zimmer Biomet, Stryker Corporation, Smith & Nephew, Neosteo SAS, and Aesculap, Inc.

 
Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
      1.3.1 Sources
               1.3.1.1 Secondary Research
                1.3.1.2 Primary Research
1.4 Assumptions
 
Chapter 2 Executive Summary
2.1 Global Osteosynthesis Devices Market, by Geography, 2014 (USD Million)
 
Chapter 3 Market Overview
3.1 Introduction to Osteosynthesis Devices
3.2 New Trends for Osteosynthesis Devices
3.3 Regulatory Scenario
3.4 Major Osteosynthesis Devices and Pricing Analysis
3.5 Market Dynamics
      3.5.1 Drivers
              3.5.1.1 High prevalence of osteoporosis and osteoarthritis propels demand for joint replacement surgeries
              3.5.1.2 Consistent increase in orthopedic procedures due to rise in geriatric population and obesity
              3.5.1.3 Road accidents and sports injuries add to the cases of trauma globally
      3.5.2 Restraints
              3.5.2.1 Frequent product recalls restricts market growth
      3.5.3 Opportunities
              3.5.3.1 Asia Pacific is the most populated region with ample opportunities for osteosynthesis devices
              3.5.3.2 Demand for minimally invasive surgeries (MIS) and anatomy specific implants
3.6 Event Impact Analysis
3.7 Porter’s Five Force Analysis: Global Osteosynthesis Devices Market
      3.7.1 Bargaining power of suppliers
      3.7.2 Bargaining power of buyers
      3.7.3 Threat from new entrants
      3.7.4 Threat of substitutes
      3.7.5 Competitive rivalry
3.8 Market Attractiveness Analysis: Global Osteosynthesis Devices Market, by Geography
3.9 Value Chain Analysis: Global Osteosynthesis Devices Market
3.10 Market Share Analysis: Osteosynthesis Devices Market, by Key Players (Value %)
3.11 Competitive Landscape
      3.11.1 Product Comparison (For Top 3 Products in Internal Fixation Devices Type)
              3.11.1.1 Internal Fixation Devices
                         3.11.1.1.1 Screws
                         3.11.1.1.2 Plates
                         3.11.1.1.3 Wire and Pins
                         3.11.1.1.4 Intramedullary Rods and Nails
                         3.11.1.1.5 Spinal Fixation Devices
 
Chapter 4 Global Osteosynthesis Devices Market, by Material
4.1 Advantages and Disadvantages of Degradable and Non-degradable Material
      4.1.1 Global Osteosynthesis Devices Market Revenue, by Material, 2013 – 2023 (USD Million)
4.2 Degradable Material
      4.2.1 Global Degradable Material Market Revenue, 2013 – 2023 (USD Million)
4.3 Non-degradable Material
      4.3.1 Global Non-Degradable Material Market Revenue, 2013 – 2023 (USD Million)
 
Chapter 5 Global Osteosynthesis Devices Market, by Device Type
5.1 Overview
      5.1.1 Global Osteosynthesis Devices Market Revenue, by Device Type, 2013 – 2023 (USD Million)
5.2 Internal Fixation Devices
      5.2.1 Global Internal Fixation Devices Market Revenue, 2013 – 2023 (USD Million)
      5.2.2 Screws and Plates
              5.2.2.1 Global Screws and Plates Market Revenue, 2013 – 2023 (USD Million)
      5.2.3 Wires and Pins
              5.2.3.1 Global Wires and Pins Market Revenue, 2013 – 2023 (USD Million)
      5.2.4 Intramedullary Rods and Nails
              5.2.4.1 Global Intramedullary Rods and Nails Market Revenue, 2013 – 2023 (USD Million)
      5.2.5 Spinal Fixation Devices
              5.2.5.1 Global Spinal Fixation Devices Market Revenue, 2013 – 2023 (USD Million)
5.3 External Fixation Devices
      5.3.1 Global External Fixation Devices Market Revenue, 2013 – 2023 (USD Million)
      5.3.2 Fracture Fixation Devices
              5.3.2.1 Global Fracture Fixation Devices Market Revenue, 2013 – 2023 (USD Million)
              5.3.2.2 Radius Fracture Fixation Device
                         5.3.2.2.1 Global Radius Fracture Fixation Devices Market Revenue, 2013 – 2023 (USD Million)
              5.3.2.3 Tibial Fracture Fixation Device
                         5.3.2.3.1 Global Tibial Fracture Fixation Devices Market Revenue, 2013 – 2023 (USD Million)
              5.3.2.4 Pelvis Fracture Fixation Device
                         5.3.2.4.1 Global Pelvis Fracture Fixation Devices Market Revenue, 2013 – 2023 (USD Million)
      5.3.3 Bone Lengthening Devices
              5.3.3.1 Global Bone Lengthening Devices Market Revenue, 2013 – 2023 (USD Million)
      5.3.4 Ilizarov Device
              5.3.4.1 Global Ilizarov Devices Market Revenue, 2013 – 2023 (USD Million)
 
Chapter 6 Global Osteosynthesis Devices Market Revenue, by Geography
6.1 Overview
      6.1.1 Global Osteosynthesis Devices Market Revenue, by Geography, 2013 – 2023 (USD Million)
6.2 North America
      6.2.1 Global North America Osteosynthesis Devices Market Revenue, by Country, 2013 – 2023 (USD Million)
6.3 Europe
      6.3.1 Europe Osteosynthesis Devices Market Revenue, by Country, 2013 – 2023 (USD Million)
6.4 Asia Pacific
      6.4.1 Asia Pacific Osteosynthesis Devices Market Revenue, by Country, 2013 – 2023 (USD Million)
6.5 Latin America
      6.5.1 Latin America Osteosynthesis Devices Market Revenue, by Country, 2013 – 2023 (USD Million)
6.6 Rest of the World
      6.6.1 Rest of the World (RoW) Osteosynthesis Devices Market Revenue, by Country, 2013 – 2023 (USD Million)
 
Chapter 7 Recommendations
7.1 Overview
7.3 Focus on Developing Economies
7.4 Mergers and Acquisitions to Improve Market Presence
 
Chapter 8 Company Profiles
8.1 B. Braun Melsungen AG
      8.1.1 Company Overview
      8.1.2 Financial Overview
      8.1.3 Product Portfolio
      8.1.4 Business Strategy
      8.1.5 Mergers and acquisitions
      8.1.6 Geographical expansion
      8.1.7 Recent Developments
8.2 DePuy Synthes, Inc. (J & J Company)
      8.2.1 Company Overview
      8.2.2 Financial Overview
      8.2.3 Product Portfolio
      8.2.4 Business Strategies
              8.2.4.1 Strategic acquisitions
      8.2.5 Recent Developments
8.3 Globus Medical Inc.
      8.3.1 Company Overview
      8.3.2 Financial Overview
      8.3.3 Product Portfolio
      8.3.4 Business Strategies
              8.3.4.1 Acquisitions and collaborations
      8.3.5 Recent Developments
8.4 GS Medical, LLC
      8.4.1 Company Overview
      8.4.2 Financial Overview
      8.4.3 Product Portfolio
      8.4.4 Business Strategies
      8.4.5 Recent Developments
8.5 Life Spine, Inc.
      8.5.1 Company Overview
      8.5.2 Financial overview
      8.5.3 Product Portfolio
      8.5.4 Business Strategies
              8.5.4.1 Mergers and acquisitions
              8.5.4.2 Strategic partnerships/collaborations
      8.5.5 Recent Developments
8.6 Néosteo SAS
      8.6.1 Company Overview
      8.6.2 Financial overview
      8.6.3 Product Portfolio
      8.6.4 Business Strategies
              8.6.4.1 Strategic collaborations/agreements
      8.6.5 Recent Developments
8.7 MicroPort Orthopedics, Inc.
      8.7.1 Company Overview
      8.7.2 Financial Overview
      8.7.3 Product Portfolio
      8.7.4 Business Strategies
              8.7.4.1 Mergers and acquisitions
              8.7.4.2 Strategic collaborations/agreements
              8.7.4.3 Recent Developments
8.8 Precision Spine, Inc.
      8.8.1 Company Overview
      8.8.2 Financial Overview
      8.8.3 Product Portfolio
      8.8.4 Business Strategies
              8.8.4.1 Mergers and acquisitions
              8.8.4.2 Recent Developments
8.9 Smith & Nephew plc
      8.9.1 Company Overview
      8.9.2 Financial Overview
      8.9.3 Product Portfolio
      8.9.4 Business Strategies
              8.9.4.1 Mergers and acquisitions for business expansion
              8.9.4.2 Focus on emerging markets, especially China
              8.9.4.3 Emphasis on new product development
      8.9.5 Recent Developments
8.10 Stryker Corporation
      8.10.1 Company Overview
      8.10.2 Financial Overview
      8.10.3 Product Portfolio
      8.10.4 Business Strategies
              8.10.4.1 Mergers and acquisitions
              8.10.4.2 Geographical expansion
      8.10.5 Recent Developments
8.11 Zimmer Biomet Holdings, Inc.
      8.11.1 Company Overview
      8.11.2 Financial Overview
      8.11.3 Product Portfolio
      8.11.4 Business Strategies
              8.11.4.1 Mergers and acquisitions
              8.11.4.2 Product portfolio expansion
      8.11.5 Recent Developments
List of Tables
 
TABLE 1 Market Snapshot: Global Osteosynthesis Devices Market
TABLE 2 Product Specification: Screws
TABLE 3 Product Specification: Plates
TABLE 4 Product Specification: Wire and Pins
TABLE 5 Product Specification: Intramedullary Rods and Nails
TABLE 6 Product Specification: Spinal Fixation Devices
TABLE 7 Advantages and Disadvantages of Degradable and Non-degradable Material
TABLE 8 Global Osteosynthesis Devices Market Revenue, by Material, 2013 – 2023 (USD Million)
TABLE 9 Global Osteosynthesis Devices Market Revenue, by Device Type, 2013 – 2023 (USD Million)
TABLE 10 Global Internal Fixation Devices Market Revenue, 2013 – 2023 (USD Million)
TABLE 11 Global External Fixation Devices Market Revenue, 2013 – 2023 (USD Million)
TABLE 12 Global Fracture Fixation Devices Market Revenue, 2013 – 2023 (USD Million)
TABLE 13 Global Osteosynthesis Devices Market Revenue, by Geography, 2013 – 2023 (USD Million)
TABLE 14 Global North America Osteosynthesis Devices Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 15 Europe Osteosynthesis Devices Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 16 Asia Pacific Osteosynthesis Devices Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 17 Latin America Osteosynthesis Devices Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 18 Rest of the World (RoW) Osteosynthesis Devices Market Revenue, by Country, 2013 – 2023 (USD Million)

List of Figures

 

FIG. 1 Osteosynthesis Devices: Market Segmentation

FIG. 2 Global Osteosynthesis Devices Market, by Geography, 2014 (USD Million)

FIG. 3 Porter’s Five Forces Analysis: Global Osteosynthesis Devices Market

FIG. 4 Market Attractiveness Analysis: Global Osteosynthesis Devices Market, by Geography

FIG. 5 Value Chain Analysis: Global Osteosynthesis Devices Market

FIG. 6 Market Share Analysis: Osteosynthesis Devices Market, by Key Players (Value %)

FIG. 7 Global Degradable Material Market Revenue, 2013 – 2023 (USD Million)

FIG. 8 Global Non-Degradable Material Market Revenue, 2013 – 2023 (USD Million)

FIG. 9 Global Screws and Plates Market Revenue, 2013 – 2023 (USD Million)

FIG. 10 Global Wires and Pins Market Revenue, 2013 – 2023 (USD Million)

FIG. 11 Global Intramedullary Rods and Nails Market Revenue, 2013 – 2023 (USD Million)

FIG. 12 Global Spinal Fixation Devices Market Revenue, 2013 – 2023 (USD Million)

FIG. 13 Global Radius Fracture Fixation Devices Market Revenue, 2013 – 2023 (USD Million)

FIG. 14 Global Tibial Fracture Fixation Devices Market Revenue, 2013 – 2023 (USD Million)

FIG. 15 Global Pelvis Fracture Fixation Devices Market Revenue, 2013 – 2023 (USD Million)

FIG. 16 Global Bone Lengthening Devices Market Revenue, 2013 – 2023 (USD Million)

FIG. 17 Global Ilizarov Devices Market Revenue, 2013 – 2023 (USD Million)

FIG. 18 B. Braun Melsungen AG: Annual Revenue, 2012–2014 (USD Million)

FIG. 19 Johnson and Johnson: Annual Revenue, 2012–2014 (USD Million)

FIG. 20 Globus Medical, Inc.: Annual Revenue, 2012–2014 (USD Million)

FIG. 21 MicroPort Orthopedics, Inc.: Annual Revenue, 2012–2014 (USD million)

FIG. 22 Smith & Nephew plc: Annual Revenue, 2012–2014 (USD Million)

FIG. 23 Stryker Corporation: Annual Revenue: 2012–2014 (USD Million)

FIG. 24 Zimmer Biomet Holdings, Inc.: Annual Revenue, 2012–2014 (USD Million)

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Osteosynthesis Devices Market