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.

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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)