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| Global Intramedullary Nail Market Size |
Intramedullary nails are structural implants used in orthopedic surgeries for
treatment of bone fractures and other orthopedic disorders. Intramedullary
nails provide stabilization and alignment to fractured long bones. They offer
benefits such as less soft tissue dissection, greater stability, and early
mobilization as compared to traditional plating techniques. The global
Intramedullary Nail Market is estimated to be valued at US$ 1.95 Billion in
2023 and is expected to exhibit a CAGR
of 8.5% over the forecast period 2023 to 2030, as highlighted in a new
report published by Coherent Market Insights.
Market key trends:
The increased usage of intramedullary nails in trauma surgeries is driving the
market growth. Intramedullary nails are widely used for stabilization of
fractures of long bones like femur, tibia and humerus caused by high-energy
trauma such as road accidents. According to World Health Organization (WHO),
road traffic injuries cause around 1.35 million deaths globally each year.
Moreover, rise in sports injuries and geriatric population prone to
osteoporotic fractures is also fueling the demand for intramedullary nails.
Introduction of new intramedullary nail systems integrated with distal
targeting/interlocking capabilities and improved fixation technology is further
augmenting the market growth.
Segment Analysis
The global intramedullary nail market is dominated by the femur nail
sub-segment. Femur fractures are among the most common reasons for
musculoskeletal trauma globally, especially among the elderly population. Femur
nails act as an internal splint that aids in stabilize femur fractures and
enables early mobilization, thereby significantly reducing recovery timelines.
Key Takeaways
The Global
Intramedullary Nail Market Size is expected to witness high growth over
the forecast period of 2023 to 2030. Advancements in locking nail technologies,
the increasing demand for minimally invasive surgeries and rising popularity of
ambulatory surgical centers and specialty orthopedic clinics are expected to
drive the market during this period.
Regional analysis
North America currently dominates the intramedullary nail market owing to
growth in trauma cases, rising healthcare expenditure and presence of major
players in the region. However, the Asia Pacific region is poised to witness
the highest CAGR during the forecast period supported by growing orthopedic
interventions, increasing healthcare spending and expanding medical
infrastructure in countries such as China and India.
Key players operating in the intramedullary nail market are Zimmer Biomet,
Smith & Nephew, Stryker, DePuy Synthes, Orthofix, Bioventus LLC, and
Medtronic. Zimmer Biomet dominates the market with their extensive product
portfolio and global presence. Meanwhile, Stryker is focused on launching
innovative nails to strengthen its market position.
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