Monday, 6 March 2017

Osteosynthesis Devices Market Anticipated to Benefit From Resorbable Devices

Accidents happen from time to time due to unforeseen circumstances. These can lead to bone fractures. Orthopedic surgeons specialize in fixing broken bones. Osteosynthesis devices are a breakthrough in the medical industry, aiding surgeons in their jobs.

Osteosynthesis Devices - A Sneak Peek

Osteosynthesis devices are metallic healthcare instruments. They assist in healing bone fractures. These devices bring fractured bones together & immobilize them to accelerate healing. They aid patients suffering from osteoporosis, osteomalacia, and other bone-related disorders and are used in surgeries such as Bilateral Sagittal Split Ramus Osteotomy (BSSO).

Novel Developments 

Body absorbable or resorbable devices have huge demand. This can be credited to their absorption by the body without any adverse effects. They eliminate the need for a second surgery for device removal. Surgeries with these devices have been successful in rats and rabbits.
Resorbable devices have been used successfully to treat BSSO patients. They are considered an alternative to titanium-based fixation equipment. Homoelastic devices are an upcoming trend. Eureka Corporation recently patented this technology and hopes to redefine implants. Homoelastic instruments are made of carbon fiber reinforced Polyether Etherketone (PEEK), which is compatible with Computer Tomography (CT) and Magnetic Resonance Imaging (MRI). 

Market Outlook

The global osteosynthesis devices market is anticipated at USD 9.9 billion by 2024. It stood at about USD 5.5 billion in 2015. Biocompatible & absorbable devices witness constant innovations. 
Internal and external fixation are the two kinds of equipment through which fractures can be fixed. Internal equipments comprise intramedullary rods & nails, wires & pins, screws & plates, and spinal fixation devices. External fixation involves bone lengthening and fracture fixation. Internal equipments hold higher share, with them being a common “fracture-fixing” solution. 
North America led the market in terms of demand & sales in 2015. Its dominance can be attributed to rising minimally invasive orthopedic surgeries in the region. Increasing research on osteosynthesis devices also influences regional demand. Some major players in the worldwide market are Stryker Corporation; Globus Medical, Inc.; and NĂ©osteo SAS.

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