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Small Bone Fixation Systems Market Segmented By External Fixation Systems and Internal Fixation Systems Product Type with Application such as Upper Extremity and Lower Extremity
The small bone fixation system is a locked and flexible intramedullary nail system for hand and foot fractures. These systems are available as screws and plates in a sterile pack with the implant and instruments to help reduce the surgical time in multiple fracture injuries of hand and foot. Increasing number of companies in small bone fixation systems market are launching new products to streamline the surgical procedures and provide more flexibility to the surgeons while operating.
Small bone fixation system includes straight plates, L-plates, oblique L-plates, T-plates, oblique T plates, Y-plates, double plates, cuboid plates, mesh plates, hook plates, akin osteotomy plates etc. Small bone fixation systems market comprises of plating systems and fixation systems available for the small bones of hand and foot. These systems are used for fracture cases of hand and foot whereas it is also used for the fracture injuries of radius ulna and tibia and fibula.
Small bone fixation systems market revenue is growing with a significant rate, this is attributed to increasing number of hand and foot fractures due to crush injuries. In addition to this, increasing prevalence of osteoporosis and osteoarthritis leads to increase in the number of fractures which in turn drives the demand for small bone fixation systems.
Growing insurance coverage and reimbursement plans for fracture cases aids in the revenue growth of small bone fixation systems market. Increasing number of new product launches also drives the market for small bone fixation systems as more number of companies are entering this lucrative market space. However complications associated with the corrosion of metal implant, loosening of fixation systems and osteolysis is expected to hamper the revenue growth of small bone fixation systems market over the forecast period.
The small bone fixation systems market is segment based on the product type, application and end user
Small bone fixation systems market is segmented into following types:
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By Product Type |
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| By Application (depending upon the fracture type) |
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| By End User |
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Small bone fixation systems market revenue is expected to grow at a healthy growth rate, over the forecast period attributed to increasing number of fracture cases over the forecast period. The market is anticipated to perform well in the near future due to increasing number of sports injuries which leads to fractures of hand and foot.
Also the market is anticipated to grow with a fastest CAGR over the forecast period, attributed to growing geriatric population leading to increase in the number of cases with osteoporosis, which in turn increases the chances of fracture injuries in elderly. Also Increasing investment in R&D and increasing number of new product launches are the major factors estimated to drive the revenue growth of small bone fixation systems market.
Depending on geographic region, the small bone fixation systems market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA).
North America is occupying the largest regional market share in the global small bone fixation systems market owing to the presence of more number of market players and effective reimbursements for fracture injuries. Healthcare expenditure and relatively larger number of R&D exercises pertaining to product manufacturing and marketing activities in the region. Also Europe is expected to perform well in the near future due to increasing number of sports injuries in the region.
Asia Pacific is expected to grow at the fastest CAGR because of increase in the number of hospital admissions and growing geriatric population in the region, thus boosting the market growth of small bone fixation systems market throughout the forecast period.
Some players of small bone fixation systems market includes Acumed, Small Bone Innovations, Inc., DePuy Synthes, Biomet, Stryker, Zimmer, Smith & Nephew, Orthofix, DJO Surgical. The companies in small bone fixation systems market are increasingly engaged in strategic acquisitions and collaborations to lead small bone fixation systems market.
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