What is Bone Fracture Market Scope?
A fracture is basically a condition in which the continuity of the bone is broken. A significant percentage of bone fractures occur due to high force impact or high stress. However, a fracture can also be the result of some conditions that weaken the bones, such as osteoporosis, some cancers, or osteogenesis imperfecta (also known as a brittle bone disease). A fracture caused by disease is called a pathological fracture. A crack (not just a break) in the bone is also known as a fracture. Fractures can hereby occur in any bone present in the body. There are several ways a bone can break. For example, a broken bone that does not damage surrounding tissue or tear through the skin is known as a closed fracture.
The Bone Fracture market study is being classified, by Application (Hospitals, Clinics, Orthopedic Centers, Ambulatory Surgical Centers and Others) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Bone Fracture market throughout the predicted period.
Stryker Corporation (United States), Medtronic plc (Ireland), Zimmer Biomet Holdings, Inc. (United States), Pfizer Inc. (United States), GlaxoSmithKline plc (United Kingdom), Novartis AG (Switzerland), F. Hoffmann La Roche Ltd. (Switzerland), Teva Pharmaceutical Industries Ltd. (Israel), Merck & Co., Inc. (United States), The Orthopaedic Implant Company (United States), Johnson & Johnson Medical Devices Companies (United States), Bioventus LLC (United States), Conmed Corporation (United States), BioTek (United States), Smith and Nephew plc. (United Kingdom) and Wright Medical Group N.V. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Aesculap Implant Systems (United States) and Actavis (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Bone Fracture market by Type, Application and Region.
On the basis of geography, the market of Bone Fracture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In January 2018, Bioventus successfully launched an EXOGEN ultrasound bone healing system that works with low-intensity pulsed ultrasound. The company's strategy has been to expand the portfolio of businesses and products that can grow the company.
Influencing Market Trend
- Increasing Awareness on Different Fracture Management Products
- Improvements in Healthcare Infrastructure
- Rising Trend of Using New Technologies Such As Biodegradable Implants and Internal Fixation Devices
Market Drivers
- Rising Cases of Clinical Conditions Such As Arthritis and Osteoporosis
- Increasing Accidental Injuries and Trauma
- The Growing Geriatric Population
- Growing Cases of Diabetes Along With Other Medical Conditions Such As Vascular Disease, Renal Disorders and Obesity
Opportunities
- Increase in Healthcare Expenditure in Developing Regions
- A Rise in Technologically Advancement of the Products for Providing Better Ease and Quicker Healing Results
Restraints
- High Costs Associated With Bone Fracture Treatment
Challenges
- Issues Related To Reimbursement for Bone Growth Stimulators
Key Target Audience
Providers of Bone Fracture Treatment, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
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