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-Titanium implants are less prone to fatigue failure and provide reduced stress shielding, which is expected to drive market segments during the forecast period
-It is estimated that the increasing use of intramedullary nails to treat two-part proximal humeral fractures will promote market expansion
Albany, New York, December 8, 2021/PRNewswire/ - Transparent market research: According to the International Football Association (FIFA), hamstrings, knees, and ankles are the most common orthopedic injuries. The most common injury in football is an ankle sprain. According to recent data from the U.S. Department of Health and Human Services, an estimated 8.6 million sports injuries occur globally each year. Stress fractures are common in sports that require repetitive exercise; long-distance runners often experience stress fractures in their feet. During the forecast period, the increase in the prevalence of sports injuries may promote the growth of the global intramedullary nail market.
Falls, slips, industrial accidents, violence and road accidents are the main causes of spinal injuries. Thousands of people are hospitalized and permanently disabled each year. According to the World Health Organization (WHO), between 250,000 and 500,000 people suffer spinal cord injuries each year. Most of these injuries are caused by incidents such as falls, road accidents or violence. It is estimated that the increase in the incidence of spinal cord injury will promote the growth of the global intramedullary nail market.
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During the forecast period, from 2020 to 2030, the global intramedullary nail market is expected to grow at a compound annual growth rate of 4.8%. The market value in 2019 is 730 million U.S. dollars.
The main findings of the market report
In the past few decades, intramedullary nails have been widely used to treat femoral shaft fractures in adults and children. In the past 10 years, many research projects have been carried out to understand and evaluate various types of intramedullary nails used to treat femoral shaft fractures. Efforts have been made to understand the various challenges associated with intramedullary nails, such as high radiation exposure, extended operation time, and end caps falling into soft tissues. Intramedullary nails with tail wires are expected to gain tremendous popularity in the near future because they can handle nail removal and fracture fixation. This type of intramedullary nail is mainly used for fracture fixation and nail extraction.
In addition, companies in the existing intramedullary nail market are working to improve the overall femoral shaft fracture treatment by offering a variety of product ranges, conducting research, and developing new product designs.
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In order to gain a competitive advantage in the existing intramedullary nail market, several companies are increasingly focusing on expanding their product lines. Increased research activities and new product development are expected to be the most important growth strategy adopted by intramedullary nail manufacturers. For example, at the OTA annual meeting in September 2019, Globus Medical launched the AUTOBAHN Nailing System, a complex clinical solution designed to improve the treatment of femoral and tibial fractures. Similarly, the Orthopedic Implant Company (OIC) launched the tibial intramedullary nail system in January 2017, which is mainly used to repair tibial fractures. Although participants in the intramedullary nail market are expected to focus on the development of innovative products, collaborations with hospitals, surgical centers, and specialty clinics are also expected to play an important role.
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Intramedullary nail market: growth momentum
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Intramedullary nail market: major players
Some of the major market players are
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