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Osteosynthesis Devices Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Osteosynthesis Devices Market Analysis Report
What is the Market Size & CAGR of Osteosynthesis Devices Market in 2021?
Osteosynthesis devices market is projected to reach a market size of USD 3.2 billion by the end of 2021, with a compound annual growth rate (CAGR) of 4.5%.
COVID-19 Impact on the Osteosynthesis Devices Market
The COVID-19 pandemic has significantly impacted the osteosynthesis devices market, with disruptions in the supply chain, delayed surgeries, and reduced hospital admissions affecting market growth. However, increased focus on trauma cases due to accidents during lockdowns has partially offset the decline.
Osteosynthesis Devices Dynamics
The osteosynthesis devices market is driven by the rising incidence of fractures, advancements in surgical techniques, and increasing geriatric population. Additionally, technological innovations in implants and materials used in osteosynthesis procedures contribute to market growth.
Segments and Related Analysis
The osteosynthesis devices market is segmented based on product type, material, application, end-user, and region. Internal fixation devices, metallic implants, orthobiologics, and external fixation devices are key segments driving market expansion.
By Region Analysis
The market for osteosynthesis devices is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the largest market share due to the presence of well-established healthcare infrastructure and high adoption of advanced surgical procedures.
Key Market Players and Competitive Landscape
Major players in the osteosynthesis devices market include Zimmer Biomet Holdings Inc., Stryker Corporation, Johnson & Johnson, Smith & Nephew plc, and Medtronic plc. The competitive landscape is characterized by acquisitions, product launches, and strategic collaborations to gain a competitive edge.
Recent Happenings in the Osteosynthesis Devices Market
In recent developments, Zimmer Biomet introduced a new titanium alloy implant for osteosynthesis procedures, Stryker Corporation launched a digital surgical planning platform for orthopedic surgeries, and Johnson & Johnson announced a strategic partnership to expand its presence in emerging markets.
