Intramedullary Nails Market Outlook
According to the report by Expert Market Research (EMR), the global intramedullary nails market share is projected to grow at a CAGR of 6.70% between 2023 and 2028. Aided by the rising prevalence of orthopaedic conditions and the expanding applications of intramedullary nails in various medical procedures, the market is expected to grow significantly by 2028.
Intramedullary nails, also known as intramedullary rods, are medical devices utilised in orthopaedic surgery to align and stabilise fractures. These devices are often used for fractures of long bones like the femur and tibia. They are strategically implanted into the marrow canal of the bone to provide maximum stability and aid in the healing process. Apart from their medical applications, intramedullary nails have demonstrated excellent biomechanical properties, making them an integral part of trauma and reconstructive surgery.
The rising prevalence of orthopaedic conditions is driving the global intramedullary nails market growth. With an ageing global population and the increasing incidence of conditions such as osteoporosis and arthritis, there has been a significant rise in the number of bone fractures. This, in turn, has led to a surge in demand for intramedullary nails. Furthermore, the increasing participation in sports and physical activities has contributed to the rising incidence of sports-related injuries, thus increasing the use of intramedullary nails.
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The expanding applications of intramedullary nails in various medical procedures also play a significant role in propelling the intramedullary nails market development. Intramedullary nails are used in a wide range of surgical procedures, from simple fracture alignments to complex reconstructive surgeries. Their versatile nature, combined with their excellent strength and durability, makes them an ideal choice for various orthopaedic procedures.
Further, the advancements in the design and manufacturing of intramedullary nails have led to an increased emphasis on these devices as an effective solution for bone fractures. With the advent of computer-aided design (CAD) and 3D printing, more precise and patient-specific intramedullary nails can be produced, thereby enhancing their effectiveness and boosting the intramedullary nails market expansion.
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Intramedullary Nails Market Segmentation
The market can be divided based on type, material, application, end use, and region.
Market Breakup by Type
- Long Gamma Nail (LGN)
- Trochanteric Femoral Nail (TFN)
- Intertroch/Subtroch Nail (ITST)
- Others
Market Breakup by Material
- Titanium Alloys
- Stainless Steel
Market Breakup by Application
- Femoral Fracture
- Tibial Fracture
- Others
Market Breakup by End Use
- Hospitals and Ambulatory Surgical Centres
- Specialty/Orthopaedic Clinics
- 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 acquisitions and mergers, among other major developments, of the global intramedullary nails companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Stryker Corporation
- Orthofix Medical Inc
- Micromed Medizintechnik GmbH
- B. Braun Melsungen AG
- Smith & Nephew
- Naton Medical Group
- Others
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