The global nailing systems market, valued at US$407.7 million in 2023, is forecasted to grow at a robust CAGR of 5.3%, reaching US$427.7 million in 2024 and an impressive US$553.2 billion by 2029. Growing cases of sports related injuries among the population below 19 years of age to boost the demand for nailing systems market. The nailing systems market is divided into femoral intramedullary nails, tibial intramedullary nails, humeral intramedullary nails, and other nailing systems based on product type. In the year 2023, the nailing systems market was dominated by the femoral intramedullary nails. The large share of the femoral intramedullary nail is attributed to the rising number of fractures. These nails are widely used for their effectiveness in stabilizing fractures of the femur, making them an essential solution in orthopedic treatments.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=215318626
Browse in-depth TOC on ‘Nailing Systems Market’
312 – Tables
48 – Figures
292 – Pages
DRIVER: Rising number of sports and accident-related orthopedic injuries
There is growing prevalence of sports and accident-related orthopedic injuries that has in recent years significantly increased the demand for nailing systems, as there are more individuals who engage in robust physical activities that are prone to fracture related injuries. There is a rise in both sports related injuries and road accidents due to the growing participation in physical activities and the traffic density growth. The population below 19 years are particularly affected by injuries during recreational activities or during organized sports. These type of injuries require internal fixation technologies for the patients.The growing prevalence of minimaly invasive surgeries has a rising demand for nailing systems. As more people are aware of the benefits of physical activities the risks of injuries like factures have also increased. This has driven for the demand nailing systems in the market.
RESTRAINT: High costs associated with orthopedic treatments
The high pricing of the entire nailing systems procedure or related orthopedic procedures taking place in hospitals or clinics present significant challenges, especially in places with scares resource. The treatment and recovery of long bone fracture is often expensive , if the fracture is not properly recovered it can cause further complications such as infections and re operation. Personnel costs, hospitals overhead price, and the price of orthopedic implants contribute to these financial burdens, making these treatment difficult to access in low and middle income countries. Overall around the world costs vary widely, but they remain a significant barrier to care in many regions. Reducing these financial obstacles is needed for the growth of nailing systems market.
OPPORTUNITY: Increasing use of 3D printing in nailing system
The growing technology in 3D is growing in nailing systems, this allows a customised solution from patients to patients. A 2022 study done by NCBI demonstrated the successful use of a 3D printed tibial intramedullary nail for curing the difficult allograft fracture which occurs in the bone which is followed by a bone transplantation for the tibial osteosarcoma. The nail has been designed with the help of CT scan images which ensures to fit perfectly on the desired bone and it is also coated with hydroxyapatite which helps in increasing its biocompatibility. During the surgery, the nailing system was accurately positioned to the bone, showcasing the precision and efficacy of this 3D nail. The growing inovation of 3D printing in nailing system will help the surgeons to cater to a wide range of patients.
Global Nailing Systems Market Ecosystem Analysis
The ecosystem analysis portrays the elements present in the nailing systems market, which helps us to access the interrelated components of a particular market which effects the market thoroughly. The stakeholders of nailing systems comprise of focused area such as research and development, advancement, and releasing fresh offerings. These organizations work to create effective and user-friendly solutions for patients and healthcare providers. The nailing systems market is divided into four segments: product type, indication, material, age group and end user.
Request Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=215318626
The Nailing systems market is fragmented, with top companies holding significant market shares. The top three players in this market include Johnson & Johnson MedTech (US), Stryker (US), and Zimmer Biomet (US). Players in this market are focusing on adopting organic and inorganic growth strategies such as expansions, and acquisitions to increase their nailing systems portfolio, cater to customer needs, increase their profitability and expand their presence in the global nailing systems market.
Johnson & Johnson MedTech (US):
Johnson & Johnson MedTech is leading with the highest market share in the nailing systems market. Johnson & Johnson’s MedTech segment comprises of products spanning the Interventional Solutions, Orthopaedics, Surgery, and Vision categories. Within its Orthopaedics portfolio, offered under the DePuy Synthes brand, the company delivers innovative products and advanced technologies supporting Hips, Knees, Trauma, Spine, and Sports & Other segments. The Nailing System is a key offering within the Trauma segment, designed to address critical orthopedic needs.
Stryker (US):
Stryker is the second largest player in our market. The company has a very strong innovation and product development portfolio. The company sells its product in approximately 75 countries through their company owned subsidiaries. The company derives significant revenues from North America, specifically the US. To further expand the market presence and maintain its position in the market, Stryker focuses on organic & inorganic strategies, such as product launches, acquisitions, and collaborations.
Zimmer Biomet (US):
Zimmer Biomet is the third largest player in the nailing systems market. The company has wide geographical presence across the Americas, Europe, the Middle East & Africa, GCC countries and the Asia Pacific. Zimmer Biomet acquired Embody, Inc. (US) in January 2023 expanding its orthopedic division. It has a wide range of products in the orthopedic segment. It is advancing on surgical techniques through extensive research and development, including innovative materials, product designs, robotic methods and biologics, these expands the company’s portfolio. The company focuses on treating bone, joint, and soft tissue problems by working with healthcare professionals to improve the lives of millions of patients.
Content Source:
https://www.marketsandmarkets.com/Market-Reports/nailing-systems-market-215318626.html
https://www.marketsandmarkets.com/PressReleases/nailing-systems.asp
