Bone Fixation Plate Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Bone Fixation Plate Market covers analysis By Type (Stainless Steel Plate, Titanium Plate, and Others), Application (Spinal Plate Fixation, Craniomaxillofacial Plate Fixation, Limbs Plate Fixation, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPMD00002251
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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A broken bone is carefully stabilized and maintained until it is strong enough to handle the body's weight and movement. Bone fixation plate is a procedure in orthopedics which involves the surgical operation of implants for the purpose of repairing a bone. The implants used for internal fixation are made from stainless steel and titanium, which are durable and strong. If a joint is to be replaced, rather than fixed, these implants can also be made of cobalt and chrome. Implants are compatible with the body and rarely cause an allergic reaction.

The market of bone fixation plate market is anticipated to grow with a significant rate in the coming years, owing to factors such as, growing number of hand and foot fractures due to crush injuries. Moreover, rising prevalence of osteoporosis and osteoarthritis leads to increase in the number of fractures. The advancement in technology in the medical device industry which is leading to the create variants of implants and other devices, and increasing insurance coverage and reimbursement plans for fracture cases is expected to grow the bone fixation plate market.

The "Global Bone Fixation Plate Market Analysis To 2028" is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global bone fixation plate market with detailed market segmentation by type, application and geography. The global bone fixation plate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the bone fixation plate market.

The global bone fixation plate market is segmented on the basis of type, application and geography. The type segment is classified as stainless steel plate, titanium plate, and others. The application segment is segmented as spinal plate fixation, craniomaxillofacial plate fixation, limbs plate fixation, and others.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global bone fixation plate market based on type, application and geography. It also provides market size and forecast till 2028 for overall Bone Fixation Plate market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.

North America is anticipated to hold the largest share in the bone fixation plate market in the coming years, owing to factors such as, presence of more number of market players and effective reimbursements for fracture injuries, expenditure and comparatively larger number of R&D exercises pertaining to product manufacturing and marketing activities. Asia Pacific is expected to be the fastest growing market during the forecast period primarily due increase in the number of hospital admissions and growing geriatric population in the region, thus boosting the market growth of bone fixation plate market throughout the forecast period.

The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

The report also includes the profiles of key bone fixation plate market manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are DePuy Synthes, Stryker, Zimmer Biomet, Smith & Nephew, Wright Medical, Medtronic, Tornier, NuVasive, Globus Medical, and aap Implantate REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. BONE FIXATION PLATE MARKET LANDSCAPE
3.1. MARKET OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Bone Fixation Plate Market - By Type
3.2.2. Bone Fixation Plate Market - By Application
3.2.3. Bone Fixation Plate Market - By Region
3.2.3.1. By Country
3.3. PEST ANALYSIS
3.3.1. North America - PEST Analysis
3.3.2. Europe - PEST Analysis
3.3.3. Asia Pacific - PEST Analysis
3.3.4. Middle East and Africa - PEST Analysis
3.3.5. South and Central America- PEST Analysis
4. BONE FIXATION PLATE MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS
5. BONE FIXATION PLATE MARKET - GLOBAL ANALYSIS
5.1. GLOBAL BONE FIXATION PLATE MARKET OVERVIEW
5.2. GLOBAL BONE FIXATION PLATE MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
5.3. PERFORMANCE OF KEY PLAYERS
5.4. EXPERT OPINIONS
6. BONE FIXATION PLATE MARKET REVENUE AND FORECASTS TO 2028 - BY TYPE
6.1. OVERVIEW
6.2. TYPE MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
6.3. STAINLESS STEEL PLATE MARKET
6.3.1. Overview
6.3.2. Stainless Steel Plate Market Revenue Forecasts and Analysis (US$ Mn)
6.4. TITANIUM PLATE MARKET
6.4.1. Overview
6.4.2. Titanium Plate Market Revenue Forecasts and Analysis (US$ Mn)
6.5. OTHERS MARKET
6.5.1. Overview
6.5.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
7. BONE FIXATION PLATE MARKET REVENUE AND FORECASTS TO 2028 - BY APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
7.3. SPINAL PLATE FIXATION MARKET
7.3.1. Overview
7.3.2. Spinal Plate Fixation Market Revenue Forecasts and Analysis (US$ Mn)
7.4. CRANIOMAXILLOFACIAL PLATE FIXATION MARKET
7.4.1. Overview
7.4.2. Craniomaxillofacial Plate Fixation Market Revenue Forecasts and Analysis (US$ Mn)
7.5. LIMBS PLATE FIXATION MARKET
7.5.1. Overview
7.5.2. Limbs Plate Fixation Market Revenue Forecasts and Analysis (US$ Mn)
7.6. OTHERS MARKET
7.6.1. Overview
7.6.2. Others Market Revenue Forecasts and Analysis (US$ Mn)

8. NORTH AMERICA BONE FIXATION PLATE MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
8.1. NORTH AMERICA BONE FIXATION PLATE MARKET OVERVIEW
8.2. NORTH AMERICA BONE FIXATION PLATE MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
8.3. NORTH AMERICA BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
8.4. NORTH AMERICA BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
8.5. NORTH AMERICA BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
8.6. US MARKET OVERVIEW
8.6.1. US Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
8.6.2. US Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
8.7. CANADA MARKET OVERVIEW
8.7.1. Canada Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
8.7.2. Canada Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
8.8. MEXICO MARKET OVERVIEW
8.8.1. Mexico Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
8.8.2. Mexico Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9. EUROPE BONE FIXATION PLATE MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
9.1. EUROPE BONE FIXATION PLATE MARKET OVERVIEW
9.2. EUROPE BONE FIXATION PLATE MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
9.3. EUROPE BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
9.4. EUROPE BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
9.5. EUROPE BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY

9.6. UK MARKET OVERVIEW
9.6.1. UK Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.6.2. UK Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.7. GERMANY MARKET OVERVIEW
9.7.1. Germany Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.7.2. Germany Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.8. FRANCE MARKET OVERVIEW
9.8.1. France Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.8.2. France Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10. ASIA PACIFIC BONE FIXATION PLATE MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
10.1. ASIA PACIFIC BONE FIXATION PLATE MARKET OVERVIEW
10.2. ASIA PACIFIC BONE FIXATION PLATE MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
10.3. ASIA PACIFIC BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
10.4. ASIA PACIFIC BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
10.5. ASIA PACIFIC BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
10.6. JAPAN MARKET OVERVIEW
10.6.1. Japan Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.6.2. Japan Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10.7. CHINA MARKET OVERVIEW
10.7.1. China Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.7.2. China Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10.8. INDIA MARKET OVERVIEW
10.8.1. India Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.8.2. India Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)

11. MIDDLE EAST AND AFRICA (MEA) BONE FIXATION PLATE MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
11.1. MIDDLE EAST AND AFRICA BONE FIXATION PLATE MARKET OVERVIEW
11.2. MIDDLE EAST AND AFRICA BONE FIXATION PLATE MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
11.3. MIDDLE EAST AND AFRICA BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
11.4. MIDDLE EAST AND AFRICA BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
11.5. MIDDLE EAST AND AFRICA BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
11.6. UAE MARKET OVERVIEW
11.6.1. UAE Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.6.2. UAE Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
11.7. SAUDI ARABIA MARKET OVERVIEW
11.7.1. Saudi Arabia Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.7.2. Saudi Arabia Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
11.8. SOUTH AFRICA MARKET OVERVIEW
11.8.1. South Africa Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.8.2. South Africa Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
12. SOUTH AND CENTRAL AMERICA BONE FIXATION PLATE MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
12.1. SOUTH AND CENTRAL AMERICA BONE FIXATION PLATE MARKET OVERVIEW
12.2. SOUTH AND CENTRAL AMERICA BONE FIXATION PLATE MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
12.3. SOUTH AND CENTRAL AMERICA BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
12.4. SOUTH AND CENTRAL AMERICA BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY APPLICATION (US$ MN)
12.5. SOUTH AND CENTRAL AMERICA BONE FIXATION PLATE MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY

12.6. BRAZIL MARKET OVERVIEW
12.6.1. Brazil Bone Fixation Plate Market Revenue Forecasts and Analysis - By Type (US$ Mn)
12.6.2. Brazil Bone Fixation Plate Market Revenue Forecasts and Analysis - By Application (US$ Mn)
13. BONE FIXATION PLATE MARKET, KEY COMPANY PROFILES
13.1. DEPUY SYNTHES
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Financial Overview
13.1.4. Product Portfolio
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. STRYKER
13.2.1. KEY Facts
13.2.2. Business Description
13.2.3. Financial Overview
13.2.4. Product Portfolio
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ZIMMER BIOMET
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Financial Overview
13.3.4. Product Portfolio
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. SMITH & NEPHEW
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Financial Overview
13.4.4. Product Portfolio
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. WRIGHT MEDICAL
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Financial Overview
13.5.4. Product Portfolio
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MEDTRONIC
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Financial Overview
13.6.4. Product Portfolio
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. TORNIER
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Financial Overview
13.7.4. Product Portfolio
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. NUVASIVE
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Financial Overview
13.8.4. Product Portfolio
13.8.5. SWOT Analysis
13.8.6. Key Developments

13.9. GLOBUS MEDICAL
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Financial Overview
13.9.4. Product Portfolio
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. AAP IMPLANTATE
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Financial Overview
13.10.4. Product Portfolio
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
14.3. RESEARCH METHODOLOGY
The List of Companies

1 DePuy Synthes
2 Stryker
3 Zimmer Biomet
4 Smith & Nephew
5 Wright MedicaL
6 Medtronic
7 Tornier
8 NuVasive
9 Globus Medical
10 aap Implantate

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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