The U.S. Leads Global Market due to High Adoption of Osteosynthesis Devices among Surgeons
The global osteosynthesis devices
market is poised to exhibit a CAGR of 6.20% between 2015 and 2023. The market
was valued at US$6.20 bn in 2014. It is expected to reach US$11.10 bn by the
end of 2023, according to a research report released by Transparency Market
Research. The report, titled “Osteosynthesis
Devices Market: Global Industry Analysis, Size, Share, Growth Trends, and
Forecast 2015 - 2023.”
Request
Brochure:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5981
According to the report, the
global osteosynthesis devices market is primarily driven by a rising prevalence
of osteoporosis. The market is also fueled by an increasing demand for superior
facilities and devices for surgeries related to orthopedic trauma, and a
greater focus shown by multinational companies in terms of investments.The
global osteosynthesis devices market is also growing due to an increase in
trauma and injuries related to road accidents, violence, sports, and falls.
The report’s regional overview of
the global osteosynthesis devices market shows North America to have been the
leader in 2014. The North America osteosynthesis devices market established its
dominance through a high level of acceptance of advanced and novel
technologies, the presence of a large number of key players, favorable
government initiatives, and the provision of an organized reimbursement system.
All these factors have increased the affordability of the otherwise high priced
devices and procedures for a large percentage of the region’s population.
In a past release by the American
Association of Orthopedic Surgeons, nearly US$20 bn is spent by Medicare per
annum. Nearly half of these dollars are meant for orthopedic surgeries. This
shows that the U.S. is the most lucrative region for the global osteosynthesis
devices market, which consequently interests a large number of manufacturers
who can offer branded and affordable osteosynthesis devices.
The second-largest regional
market in the global osteosynthesis devices market for 2014 was Europe. This
region is expected to maintain a high growth rate due to the imminent
introduction of advanced biodegradable materials.
The report also sheds light on
the Asia Pacific osteosynthesis devices market, which is expected to be the
fastest growing region in the global market till 2023. The key advantages of
this region are the low cost of production and availability of raw materials.
This is a major advantage which spans across multiple industry verticals. The
Asia Pacific region is also securing a large share in the global osteosynthesis
devices market due to the presence of medical tourism.
Request A Sample
Of This Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5981
The
key players in the global osteosynthesis devices market are Zimmer Biomet
Holdings, Inc., Stryker Corporation, Smith & Nephew plc, Precision Spine,
Inc., MicroPort Orthopedics, Inc., Néosteo SAS, Life Spine, Inc., GS Medical,
LLC, Globus Medical Inc., DePuy Synthes, Inc., and B. Braun Melsungen AG. Some
of the key players have been detailed with respect to their product portfolio,
mergers and acquisitions, regional expansions, and developments that have
occurred recently.
Key
segments of the Global Osteosynthesis Devices Market
Global
Osteosynthesis Devices Market, by Material
·
Degradable
Material
·
Non-degradable
Material
Global
Osteosynthesis Devices Market, by Device Type
·
Internal
Fixation Devices
o Screws and Plates
o Wires and Pins
o Intramedullary Rods and
Nails
o Spinal Fixation Devices
·
External
Fixation Devices
o Fracture Fixation Devices
§ Radius Fracture Fixation
Devices
§ Tibial Fracture Fixation
Devices
§ Pelvis Fracture Fixation
Devices
o Bone Lengthening Devices
o Ilizarov Devices
Global
Osteosynthesis Devices Market, by Geography
·
North
America
o U.S.
o Canada
·
Europe
o U.K.
o Germany
o Rest of Europe
·
Asia-Pacific
o China
o Japan
o Rest of Asia Pacific
·
Latin
America
o Brazil
o Rest of Latin America
·
Rest
of the World (RoW)
About Us
Transparency
Market Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive blend of
quantitative forecasting and trend analysis provides forward-looking insight
for thousands of decision makers. TMR’s experienced team of analysts,
researchers, and consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research experts so
that it always reflects the latest trends and information. With extensive
research and analysis capabilities, Transparency Market Research employs
rigorous primary and secondary research techniques to develop distinctive data
sets and research material for business reports.
Contact
us:
Mr. Sudip S
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email:Â sales@transparencymarketresearch.com
Comments