Intramedullary Nails Market (By Type: Long Gamma Nail [LGN], Trochanteric Femoral Nail [TFN], Intertroch/Subtroch Nail [ITST], Others; By Material: Titanium and Stainless Steel; By Application: Femoral Fracture, Tibial Fracture, Others; By End User) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021-2030

Published Date : Jul 2021 | No. of Pages : 150+ Pages | Category : Healthcare

The global intramedullary nails market size is expected to reach US$ 1.1 billion by 2030 from US$ 0.80 Bn in 2020, expanding growth at a CAGR of 5.1% from 2021 to 2030.

The market growth is driven by factors such as increasing number of sports-related surgeries, road accidents, and casualties. Developments made in product designs and structure will play a key role in augmenting the demand for intramedullary nails during the forecast period. Market players are projected to focus on launching new products and R&D activities to gain a competitive edge during the assessment period.

Intramedullary fixation is valuable and appropriate for majority of fractures. With newer nail designs and attention to technique, nailing can be extended to both proximal and distal extra articular fractures. One potential complication of intramedullary nailing after a fracture is bone malrotation, where the broken bone is fixated out of alignment and heals incorrectly, causing a rotated limb. In terms of type, the global intramedullary nails market has been classified into long gamma nail (LGN), trochanteric femoral nail (TFN), intertroch/subtroch nail (ITST), and others.

An intramedullary nail is a metal rod inserted into the medullary cavity of a bone and across the fracture in order to provide solid support for the fractured bone. Intramedullary nailing is currently considered the gold standard for treatment of femoral shaft fractures. Intramedullary fixation is valuable and appropriate for majority of fractures. With newer nail designs and attention to technique, nailing can be extended to both proximal and distal extra articular fractures.

Increase in incidence of injuries/sports injuries and rise in prevalence of degenerative bone diseases are projected to drive the global intramedullary nail market. Technological advancements in trauma fixation devices are anticipated to augment the global market in the near future.

Demand for minimally invasive procedures and implants is likely to increase, as patients become more informed about the advances in medical technology. Minimally invasive procedures do not require hospitalization for a long period and deliver early patient recovery. Technological advancements in intramedullary nail fixation have improved the biomechanical properties of available fixation constructs over the past few years. Nails designed to achieve compression across the arthrodesis site have provided the foot and ankle surgeon with a greater armamentarium for performing tibiotalocalneal arthrodesis.

COVID-19 Impact

Despite the outbreak of the COVID-19 pandemic, the expansion of the global intramedullary nails market is anticipated to remain steady, as non-COVID-related healthcare facilities continue to function at normal pace. Surgeries and medical therapies are categorized as essential services across the globe due to which, the demand for intramedullary nails is expected to remain steady amid the ongoing COVID-19 pandemic. Market players are projected to focus on addressing the supply chain challenges put forward by the COVID-19 pandemic and formulate effective strategies to streamline the same.

Report Highlights

In terms of type, the long gamma nail segment dominated the market in terms of revenue in 2020. Long gamma nail has proven to be safe and efficient implant for the treatment of pertrochanteric fractures. Its improved biomechanical characteristics has led to a significant decrease in complication rates.

In terms of application, the femoral fracture segment dominated the market in terms of revenue in 2020. Incidence of femoral shaft fractures ranges from of 9.5 to 18.9 per 100,000 globally each year. Nearly 250,000 proximal femur fractures occur in the U.S. every year. This number is anticipated to double by 2050. A study published in the Journal of Orthopedic Trauma in 2011 estimated the rate of femoral shaft fractures to be between 10 and 20 per 100,000 people annually.

Based on material, the titanium segment generated significant revenue in 2020. Titanium implants cause less stress shielding and are less prone to fatigue failure, which is expected to drive the segment during the forecast period. Rise in the number of new product launches by major players as a result of research and development to improve product technology is likely to result in an increase in market share of the segment in 2030.

Based on end user, the hospitals & ambulatory surgical centers segment dominated the global intramedullary nails market in 2020. The growth of the segment can be attributed to factors such as rise in the rate of hospitalization for orthopedic disorders and wide range of services offered by hospitals at a single site. However, rise in hospitalization costs and changes in reimbursement models are projected to hamper the growth of the segment during the forecast period.

North America dominated the global market in 2020, followed by Europe. North America is anticipated to dominate the global market during the forecast period, owing to significant average selling prices of orthopedic devices, rise in demand from surgeons for technologically advanced orthopedic devices with enhanced lifetime and precision, and favorable coverage for orthopedic procedures in the region.

Asia Pacific is likely to be a highly lucrative market for intramedullary nails during the forecast period. Increase in incidence of trauma cases drives the intramedullary nails market in the region. The country’s high market share can be attributed to faster adoption of products to treat diseases and surge in geriatric population.

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.

The analysts have provided a comprehensive analysis of the competitive landscape of the global intramedullary nails market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Key players in the global market include Stryker, B. Braun Melsungen AG, Zimmer Biomet, Smith+Nephew, Johnson & Johnson, Orthopaedic Implant Company, Orthofix Holdings, Inc., Wright Medical Group N.V., Advanced Orthopaedic Solutions, Aysam Ortopedi & Tibbi Cihazlar, MEDIN, a.s., and GPC Medical USA, Inc.

Market Segmentation

By Type

    • Long Gamma Nail (LGN)
    • Trochanteric Femoral Nail (TFN)
    • Intertroch/Subtroch Nail (ITST)
    • Others

By Material

    • Titanium
    • Stainless Steel

By Application

    • Femoral Fracture
    • Tibial Fracture
    • Others (Humeral, Ankle, etc.)

By End User

    • Hospitals & Ambulatory Surgical Centers
    • Specialty/Orthopedic Clinics

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific          
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This report focuses on intramedullary nails market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall intramedullary nails market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global intramedullary nails market.

The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global intramedullary nails market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the intramedullary nails market.

The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.

In this study, the years considered to estimate the market size of intramedullary nails are as follows:

  • History Year: 2017-2019
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Research Methodology

The research methodology adopted by analysts for compiling the global intramedullary nails market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global intramedullary nails market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2021) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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