Global Non-Union Fractures Market Outlook
According to a new report by Expert Market Research titled,’Global Non-Union Fractures Market Share, Growth, Report and Forecast 2024-2032′, the global non-union fractures market is being driven by the fracture fixation products industry, which is expected to grow at a CAGR of 7.5% in the forecast period of 2024-2032.
Non-union fractures refer to broken bones that fail to heal and unite properly after an average healing period. Such fractures can occur in various parts of the body, necessitating medical interventions ranging from bone grafting to electrical stimulation. As these fractures have the potential to lead to chronic pain, reduced mobility, and other complications, they hold significant importance within the orthopaedic realm.
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The mounting incidences of road accidents and trauma globally are principal contributors to the non-union fractures market growth. With rapid urbanisation and increasing vehicular populations, the number of traumatic injuries, including fractures that fail to heal, is on the ascent.
Additionally, the burgeoning global sports industry brings its own set of challenges. Athletes, with their rigorous training and competitive schedules, are often at the receiving end of injuries that can sometimes result in non-union fractures. With increasing numbers participating in recreational and professional sports, the demand for treatments associated with non-union fractures has seen a notable rise.
The medical industry, on the other hand, has been playing a pivotal role in amplifying the non-union fractures market demand. Advanced treatments, involving bone graft substitutes, bone morphogenetic proteins, and the introduction of innovative techniques like low-intensity pulsed ultrasound, are becoming standard practices. These advancements, combined with the general awareness about the availability of these treatments, have been instrumental in driving market growth.
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Moreover, the ageing global population cannot be overlooked when analysing the non-union fractures market expansion. As age progresses, the risk of bones becoming fragile and the likelihood of non-union after a fracture increases. With the global demographic shifting towards an older age bracket, the number of non-union fractures is expected to rise, subsequently driving demand for relevant treatments and therapies.
With technological advancements in the medical industry and increased investments in R&D, more cost-effective and efficient treatment methods for non-union fractures are anticipated to emerge. The advent of telemedicine and global collaborative research could further facilitate the treatment and management of such fractures across the world.
Going forward, innovation will be key. As medical science progresses, the advent of minimally invasive procedures, personalised treatment plans based on genetics, and the integration of AI in diagnosis and treatment plans could redefine the global non-union fractures market outlook.
Non-Union Fractures Market Segmentation
The market can be divided based on type, treatment type, application, end use, and region.
Market Breakup by Type
- Septic Nonunion
- Pseudoarthrosis
- Hypertrophic Nonunion
- Atrophic Nonunion
- Oligotrophic Nonunion
- Others
Market Breakup by Treatment Type
- Surgery
- Stem Cell Therapy
- Others
Market Breakup by Application
- General Surgery
- Gastrointestinal Surgery
- Urological Surgery
- Bariatric Surgeries
- Thoracic Surgery
- Others
Market Breakup by End Use
- Hospitals
- Ambulatory Surgical Centres
- Nursing Homes
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global non-union fractures market. Some of the major players explored in the report by Expert Market Research are as follows:
- Regenexx
- Sri Sri Holistic Hospital
- Huff Orthopaedics & Sports Medicine
- Entera Bio Ltd.
- Others
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