Allied Market Research

2024

Fracture Product Market

Fracture Product Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, by Application and by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

LS : Medical Devices & Supplies

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Author's: | Roshan Deshmukh
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Fracture is a medical condition in which there is a partial or complete break of specific bone due to high force impact or bone stress. Fracture of the bones is majorly treated with cast or splint. Cast and splint helps immobilizing the bone and further encourages the bone to align properly. During this time medications such as pain killers are prescribed to ease the pain of fracture. Fracture products help in managing the fracture heal and provide support to the part of fracture. In internal fixation, bones are fixed with the help of rod, screws and plates to align the bone and enable healing. In external fixations, bones are fixed with the help of cast and rods are used to give the support to prevent any further complications to the bone.

COVID-19 Impact Analysis             

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the fracture product market.

Top Impacting Factors

  • Rise in awareness regarding use of fractures management products, surge in cases of osteoporosis & osteoporotic, increase in nutrition deficiency in underdeveloped countries, growth in the geriatric population, and rise in disposable incomes are the key factors that drive the growth of the market.
  • In addition, robust development of healthcare sector, rise investments by government to support fracture product development, continuous strategic development by key market players such as mergers & agreements, increase in focus on technological advancements of removable fixators, and R&D activities to improve the effectiveness of fracture healing products are expected to boost the growth of the market.
  • However, lack of knowledge among consumers and high cost associated with fracture management products can hinder the growth of the market.
  • Contrarily, rise in incidence of fracture due automobile accidents is expected to offer lucrative opportunities for the expansion of the market.

Market Trends

New Product Launches to Flourish the Market

In 2021, Johnson & Johnson’s subsidiary company DePuy Synthes announced launch of 2.7mm variable angle locking compression plate. This plate is used in lateral, shaft and medical fractures of clavicles.

In 2019, Johnson & Johnson’s subsidiary company DePuy Synthes announced launch of femoral neck system. This is an innovative implant for treatment of femoral neck fractures.

In 2019, Smith & Nephew announced launch of CONQUEST FN. This product is used in femoral neck fracture treatment.

Key Benefits of the Report

  • This study presents the analytical depiction of fracture product market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Fracture Product Market Report                        

  • Which are the leading players active in the fracture product market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is "fracture product"?
  • What is "fracture product" market prediction in the future?
  • Who are the leading global players in the "fracture product" market?
  • What are the current trends and predicted trends?
  • What are the key benefits of the "fracture product" market report?

Fracture Product Market Report Highlights

Aspects Details
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By Product Type
  • Internal Fixation Product
  • External Fixation Product
  • Small Bone Fracture Management Products
  • Others
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By Application
  • Metallic Fixators
  • Bio-absorbable Fixators
  • Others
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By End User
  • Hospitals and Clinics
  • Orthopedic Centers
  • Ambulatory Surgical Centers
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Key Market Players

Zimmer Biomet Holdings, Sonoma Orthopedic Products, Inc., Tronier Inc., Smith & Nephew, Synthes Inc., Néosteo SAS, Johnson and Johnson Services Inc., Arthrex Inc., Biomet, Inc., Stryker Corporation

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Fracture Product Market

Global Opportunity Analysis and Industry Forecast, 2023-2032