Intramedullary
nailing is a surgical technique used for the treatment of bone fractures where
a metal alloy implant known as an intramedullary nail is inserted into the
medullary canal of the fractured bone to stabilize the bone fragments.
Intramedullary nails come in various shapes and sizes depending upon the
fractured bone. They provide stability and alignment to fractured bone
fragments and allow early mobilization of the patient. The global intramedullary
nail market is driven by the growing incidence of bone fractures caused by road
accidents, falling injuries among the geriatric population, and high-impact
trauma injuries. Intramedullary nails offer several advantages over
conventional plating systems such as minimal soft tissue dissection, load
sharing by bridging the fracture site, and biological fixation resulting in
fewer complications.
The Global Intramedullary Nail Market is estimated to be valued at US$ 2.25 Bn in 2024 and is expected to
exhibit a CAGR of 18.% over the
forecast period 2024 To 2031.
Key Takeaways
Key players operating in the intramedullary nail market are SunPower
Corporation, Enphase Energy Inc., iEnergy Co. Ltd., Altenergy Power System
Inc., Chilicon Power, LLC, SMA Solar Technology AG, Sparq Systems, SMA Solar
Technology AG, Northern Electric and Power Co. Ltd, ABB Ltd., LG Electronics,
and Darfon Electronics Corporation. These players are focusing on new product
launches and geographic expansion strategies to gain a competitive advantage in
the market.
There is high growth opportunity for intramedullary nails in the trauma and
long bone fractures segment. With the increasing incidence of trauma injuries
due to road accidents globally, the demand for intramedullary nailing is expected
to surge in trauma and orthopedic departments of hospitals.
The Intramedullary
Nail Market Demand players are focusing on expanding their presence in
developing Asian markets like India, China, and Southeast Asian countries.
Factors like growing healthcare infrastructure, rising disposable incomes, and
increasing healthcare expenditure are driving the demand for advanced
orthopedic implants in Asia.
Market Drivers
Growing Geriatric Population
The global geriatric population is rapidly increasing. As age advances, the
bone mineral density starts declining making the elderly prone to osteoporosis
and fragility fractures. It is estimated that 1 in 3 women and 1 in 5 men above
50 will experience osteoporotic fractures in their lifetime. This growing geriatric
demographic will augment the demand for advanced fracture fixation devices like
intramedullary nails.
Rising Healthcare Expenditure in
Developing Countries
Countries like India, China, Brazil, and Indonesia are witnessing significant
economic growth over the past few decades. With improved incomes, the spending
on healthcare has increased considerably in these nations. Governments are also
allocating higher budgets for public healthcare coverage. This rising
investment in the healthcare sector will ensure higher affordability and
adoption of premium orthopedic devices like intramedullary nails.
Market Restraints
High Cost of Implantation Surgery
Intramedullary nail implantation requires considerable surgical skills and
equipment. The procedure has to be performed inside the medullary canal
requiring long fluoroscopy times. These factors make the surgery and implants
highly costly. In many developing and underdeveloped regions, the population
has low disposable incomes and lacks adequate health insurance coverage
restricting the market growth.
Risk of Infection and Failure of Implant
Despite sterile surgical techniques, there is always a small risk of surgical
site infections with any internal fixation procedure. Infections can delay or
inhibit fracture healing and may require implant removal. Sometimes, implants
themselves can fail prematurely due to improper placement, material issues, or
excessive stress exposure such as high impact trauma. This negatively impacts
the patient outcomes and trust in these orthopedic solutions.
Segment Analysis
The trauma segment is dominating the intramedullary
nail market currently with its high share. Intramedullary nails are commonly
used in fractures of long bones like femur, tibia and humerus bones. The growing
number of road accidents and injuries have increased the demand for
intramedullary nails significantly for fixation of such fractures within this
segment.
The new advanced features in nails like dynamic locking screws which allow
controlled collapse of fractures are gaining popularity. Radio frequency
identification enabled nails are also being developed to avoid complications
during removal surgeries. The launch of gender specific anatomically designed
nails have increased uptake for women patients. Bioabsorbable materials based
nails are under clinical trials which will dissolve post healing avoiding
removal surgery altogether.
Global Analysis
North America region currently dominates the intramedullary nail market
owing to high incidence of fractures, developed healthcare infrastructure and
availability of advanced products. Presence of major players and frequent new
product launches have maintained its leading position. Asia Pacific region is
witnessing fastest growth due to growing healthcare awareness, improving
medical facilities and rising incidence of road accidents in developing
countries. Rising medical tourism and presence of medical device manufacturing
companies are driving the market in this region. Factors like government
funding for trauma care and favorable regulations are boosting the regional
market.
Get more insights on Intramedullary Nail Market
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)