Intramedullary nails are placed inside the medullary canal using minimally invasive insertion techniques. They offer several advantages over traditional plating techniques such as decreased soft tissue stripping, minimized blood loss, and early recovery. 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, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rapid increase in the number of road accidents and sports injuries have accelerated the demand for intramedullary nail procedures over the past few years. As per estimates, road accidents claim over 1.35 million lives each year globally. Also, participation in adventure sports and extreme events has surged manifold which has led to higher incidences of lower extremity fractures requiring surgical intervention. Intramedullary nailing has emerged as a preferred technique for fixation of femur, tibia and humerus fractures attributed to its minimally invasive nature and faster recovery time. This rising prevalence of bone injuries will continue to drive the intramedullary nail market during the forecast period.
Segment Analysis
The Global Intramedullary Nail Market Size is dominated by titanium intramedullary nails sub-segment. Titanium intramedullary nails are widely used for femur fractures, tibia fractures and humerus fractures due to their excellent biocompatibility. The corrosion resistance and high strength-to-weight ratio of titanium makes it a suitable material for intramedullary nails. Increasing number of road accidents and number of aged population with osteoporosis are key factors contributing to the dominance of titanium intramedullary nails sub-segment.
Key Takeaways
The global intramedullary nail market is expected to witness high growth during the forecast period of 2024 to 2031.
Regional analysis shows that Asia Pacific region is expected to be the fastest growing as well as dominating region during the forecast period. Increasing road accidents and growing geriatric population with osteoporosis in countries like China and India are fueling the demand for intramedullary nails in Asia Pacific region.
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 and SMA Solar Technology AG, Northern Electric and Power Co. Ltd, ABB Ltd., LG Electronics, and Darfon Electronics Corporation. These key players are focusing on new product launches and partnerships to strengthen their presence in the global intramedullary nail market.
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