About Osteosynthesis Devices
Osteoporosis is one of the common metabolic bone diseases that make the bone porous and decreases bone strength, thus, making it fragile and weak. The older population is more vulnerable to osteoporosis as their body becomes less efficient at absorbing calcium and other nutrients. This can lead to susceptibility to spinal injuries, and distal radius and proximal femur fractures.
Technavio’s analysts forecast the global osteosynthesis devices market to grow at a CAGR of 4.37% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global osteosynthesis devices market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of osteosynthesis devices.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Osteosynthesis Devices Market 2016-2020
Technavio recognizes the following companies as the key players in the global osteosynthesis devices market: DePuy Synthes, Smith & Nephew, Stryker, and Zimmer Biomet Holdings.
Other Prominent Vendors in the market are: Aesculap Implant Systems, Alphatec Spine, Amedica, AOI Medical, B. Braun, Bonesupport, Cook Medical, Crosstrees Medical, CUSMED custom made medical, DFine, Exactech, Globus Medical, Integra Lifesciences, Joimax, K2M, Kelyniam Global, KLS Martin LP, LDR, Matrix Surgical, Medartis, Medical Vision Australia Holdings, Medtronic, NuTech Medical, OsteoMed, Orthofix International, Orthovita, RTI Surgical, TMJ Concepts, and Zavation.
Commenting on the report, an analyst from Technavio’s team said: “The emergence of personalized osteosynthesis products will be a key trend for the market growth. The global osteosynthesis devices market has evolved drastically in the recent years with regard to product innovations and technological advancements. Vendors are manufacturing a broad range of products with different designs for improving the clinical outcome of the surgeries. Vendors started developing custom-based products according to the physician’s and patient’s requirements. Many small and emerging players are adopting different strategies such as manufacturing of personalized osteosynthesis products to remain competitive in the market.”
According to the report, MI orthopedic surgeries and products is one of the main key drivers for market growth. The shift in preference to MI surgeries from open surgical method over the last 5-10 years has led to high adoption MI osteosynthesis devices. It is estimated that every year more than 350,000 people are affected by rib fractures in the US due to respiratory complications, prolonged hospitalization, and trauma. The surgeons and patients prefer MI surgeries as it takes less operative time and incidence of post-surgery infection is low.
Further, the report states that complications and low success rate will be one of the major challenges against market growth. There is always a risk of potential complications related to orthopedic surgeries as the bones take a longer time to fuse or union. Sometimes the bones do not fuse hence it requires a second surgery to allow bone healing. In some cases, the metal screws, plates, and rods that form the hardware of bone implants, can either break or get displaced. Osteosynthesis devices that are placed in the orbital region indicate high failure rate as the quality of device or implant plays a critical factor in implant placements.
DePuy Synthes, Smith & Nephew, Stryker, Zimmer Biomet Holdings, Aesculap Implant Systems, Alphatec Spine, Amedica, AOI Medical, B. Braun, Bonesupport, Cook Medical, Crosstrees Medical, CUSMED custom made medical, DFine, Exactech, Globus Medical, Integra Lifesciences, Joimax, K2M, Kelyniam Global, KLS Martin LP, LDR, Matrix Surgical, Medartis, Medical Vision Australia Holdings, Medtronic, NuTech Medical, OsteoMed, Orthofix International, Orthovita, RTI Surgical, TMJ Concepts, Zavation.