Rise in Incidence of Sports Injuries to Help Global Intramedullary Nails Market Expand at CAGR of 4.8% During Forecast Period, says TMR

ALBANY, N.Y., Dec. 8, 2021 /PRNewswire/ -- Transparency Market Research: Hamstring, knee, and ankle are the places where most common orthopedic injuries occur, as per the Fédération Internationale de Football Association (FIFA). The most common injury in football is ankle sprain. According to a recent data from the U.S. Department of Health and Human Services, an estimated 8.6 million sports injuries happen globally each year. Stress fractures are prevalent in sports that require repetitive motions; long-distance runners frequently suffer stress fractures in their feet. Increase in the prevalence of sports injuries is likely to bolster the growth of the global intramedullary nails market during the forecast period.

Falls, slips, industrial accidents, violence, and roads accidents are major causes of spinal injuries. Thousands of people are hospitalized and permanently disabled each year as a result of this. Every year, between 250,000 and 500,000 people suffer from spinal cord injuries, according to the World Health Organization (WHO). Most of these injuries are caused by incidents such as falls, road accidents, or violence. The rise in the occurrences of spinal cord injuries is estimated to fuel the growth of the global intramedullary nails market.

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The global intramedullary nails market is expected to grow at a CAGR of 4.8% during the forecast period, from 2020 to 2030. The market was valued at US$ 0.73 Bn in 2019.

Key Findings of Market Report

• Growing Adoption of Intramedullary Nails in Treating Femoral Shaft Fractures to Drive Global Market

Intramedullary nails have been widely utilized in treating femoral shaft fractures in adults as well as children over the past few decades. A number of research projects have been carried out over the past 10 years to understand and evaluate various types of intramedullary nails for the treatment of femoral shaft fractures. Efforts have been made to understand various challenges associated with intramedullary nails, such as high radiation exposure, prolonged operative time, and end caps falling into soft tissue. Intramedullary nails with tail wires are expected to gain huge popularity in the near future, as they are able to handle both nail removal and fracture fixation. This form of intramedullary nail primarily targets fracture fixation as well as removal of nail.

Furthermore, companies in the existing intramedullary nails market are concentrating on improving the overall femoral shaft fracture treatment by offering varied product range, conducting research, and developing new product designs.

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• Launch of Innovative Products to Drive Demand for Intramedullary Nails

In order to gain a competitive edge in the existing intramedullary nails market, several companies are increasingly focusing on extending their product line. Rise in research activities and development of new products are expected to be most important growth strategies adopted by intramedullary nail manufacturers. For instance, during the OTA annual meeting in September 2019, Globus Medical introduced AUTOBAHN Nailing System, a sophisticated clinical solution targeted at improving the treatment of femur and tibia fractures. Likewise, Orthopedic Implant Company (OIC) launched a Tibial Intramedullary Nailing System in January 2017, which is primarily intended to fix tibia fractures. While participants in the intramedullary nail market are anticipated to concentrate on the development of innovative products, partnerships with hospitals, surgical centers, and specialty clinics are predicted to play an important role as well.

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Intramedullary Nails Market: Growth Drivers

• In the treatment of pertrochanteric fractures, the long gamma nail has proven to be an effective and secure implant. Complication rates have dropped significantly as a result of its improved biomechanical features, which is likely to influence the growth of the market.
• Driven by the rising prevalence of hospitalization for orthopedic problems and broad range of services provided by hospitals under one roof, the hospitals and ambulatory surgical centers are expected to drive product demand

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Intramedullary Nails Market: Key Players

Some of the key market players are

• Orthopaedic Implant Company
• Aysam Ortopedi & Tibbi Cihazlar
• B. Braun Melsungen AG
• Wright Medical Group N.V.
• GPC Medical USA, Inc.
• Zimmer Biomet Holdings Inc

Intramedullary Nails Market: Segmentation

Type

• Long Gamma Nail [LGN]
• Trochanteric Femoral Nail [TFN]
• Intertroch/Subtroch Nail [ITST]

Materials

• Titanium
• Stainless Steel

Application

• Femoral Fracture
• Tibial Fracture

End User

• Hospitals & Ambulatory Surgical Centers
• Specialty/Orthopedic Clinics

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