Global Intramedullary Nails Market Report and Forecast 2024-2032

Global Intramedullary Nails Market Size

The global intramedullary nails market was valued at USD 736.47 million in 2023, driven by the increasing cases of fractures and increasing advantages over traditional fixation methods across the globe. The market is expected to grow at a CAGR of 6.58% during the forecast period of 2024-2032, with the values likely to reach USD 1,407.91 million by 2032.

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Global Intramedullary Nails Market Outlook

• The increasing prevalence of fractures, particularly among the aging population, is a significant driver of the market. Long bone fractures, such as those of the femur and tibia, are common in both elderly individuals with osteoporosis and younger individuals due to trauma and accidents.

• The aging population is more susceptible to fractures due to age-related changes in bone density and strength. According to an article published by Bone and Joint, between 2017 and 2021, the number of annual hip fractures increased from 6,675 to 7,797 (15%), with a rise in incidence from 313 to 350 per 100,000 (11%) for the at-risk population. As the global population continues to age, the incidence of fractures, particularly hip fractures, is expected to rise, thereby fueling the demand for intramedullary nails for fracture fixation in elderly patients.

• The continuous innovations in intramedullary nail design, materials, and surgical techniques are enhancing the efficacy and safety of these implants. Manufacturers are focusing on developing implants with improved biomechanical properties, reduced risk of complications, and better patient outcomes, driving market growth.

Global Intramedullary Nails Market Overview

The intramedullary nails are surgical implants used in orthopedic surgery to stabilize and support fractured long bones, particularly the femur, tibia, and humerus. These devices are inserted into the intramedullary canal (the hollow center) of the bone and are commonly used in the treatment of fractures, deformities, and other conditions affecting the long bones of the body.

The market has been experiencing steady growth over the years and is expected to continue expanding. The factors such as the increasing incidence of fractures, advancements in implant design and materials, and the growing preference for minimally invasive surgical techniques are driving market growth.

The market is characterized by the presence of several established players, as well as smaller players focusing on niche segments or technological innovations. The technological advancements in intramedullary nails have significantly improved their design, materials, and functionality, leading to enhanced surgical outcomes and patient satisfaction. For instance, in March 2024, Stryker announced the release of its Gamma4 Hip Fracture Nailing System in most of the European markets. The Gamma4 system is designed to treat hip and femur fractures and streamline procedural workflows.

It is indicated for the treatment of fractures in the intracapsular, trochanteric, subtrochanteric and shaft regions of the femur (including osteoporotic and osteopenia bone). The system’s features include redefined nail design, improved workflow, and integrated instrument platform. Technological advancements play a pivotal role in shaping the intramedullary nails market and is augmenting the market demand.

Global Intramedullary Nails Market Growth Drivers

Rising Incidence of Fractures

The increasing prevalence of fractures, particularly among the aging population, drives the demand for intramedullary nails. Fractures, especially those involving long bones like the femur, tibia, and humerus, often require surgical intervention for optimal healing and functional recovery. Intramedullary nails are a common choice for stabilizing these fractures due to their biomechanical advantages and ability to support early mobilization.

Moreover, with the aging population, there's a higher prevalence of osteoporosis and age-related bone fractures. Elderly individuals are more prone to fractures due to reduced bone density and increased susceptibility to falls. According to an article published by Oxford Academics , women aged 65 years and older accounted for 74% of all fractures in the United States. The burden of fragility fractures is expected to grow with ab aging population. By 2025, the annual incidence and costs of fragility fractures in the United States are projected to increase by 50%. As a result, there is a growing demand for orthopedic implants like intramedullary nails to manage these fractures effectively, and thus boosting the market value.

Technological Innovations Expected to Propel the Global Intramedullary Nails Market Demand

The technological advancements have led to the development of intramedullary nails with enhanced designs that offer better anatomical fit and biomechanical performance. These implants are designed to closely match the shape and curvature of long bones, providing optimal stability and support for fracture fixation.

Moreover, the innovations in material science have resulted in the use of advanced biocompatible materials for intramedullary nails, such as titanium alloys and cobalt-chromium alloys. These materials offer superior strength, durability, and corrosion resistance compared to traditional stainless-steel implants. Advanced materials contribute to improved implant longevity, reduced risk of implant-related complications, and better patient outcomes. The companies are developing technologically advanced products and hence is augmenting the market growth in forecasted period.

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Global Intramedullary Nails Market Trends

The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:

Global Intramedullary Nails Market Segmentation

Market Breakup by Type

• Long Gamma Nail (LGN)

• Trochanteric Femoral Nail (TFN)

• Intertroch/Subtroch Nail (ITST)

• Others

Market Breakup by Material

• Titanium Alloys

• Stainless Steel

Market Breakup by Application

• Femoral Fracture

• Tibial Fracture

• Others

Market Breakup by Category

• Upper Bone Extremities

• Lower Bone Extremities

• Others

Market Breakup by End User

• Hospitals

• Ambulatory Surgical Centers

• Specialty/Orthopedic Clinics

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Intramedullary Nails Market Share

Market Segmentation Based on Material is Anticipated to Witness Substantial Growth

By material, the market is segmented into titanium alloys and stainless steel. The titanium alloys segment is expected to hold a substantial market share as they are highly biocompatible, minimizing the risk of adverse tissue reactions or implant-related complications. This biocompatibility is advantageous for promoting osseointegration and reducing the risk of infection or rejection. Moreover, the titanium intramedullary nails exhibit superior corrosion resistance compared to stainless steel implants, reducing the risk of implant degradation or metallic ion release over time.

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Global Intramedullary Nails Market Analysis by Region

Based on the region, the market report covers North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is dominating the market share as the region boasts advanced healthcare infrastructure with well-established orthopedic surgery facilities. The region's robust healthcare system facilitates timely access to orthopedic care, contributing to the high demand for intramedullary nails, and thus driving the region’s demand.

Europe also holds a high Intramedullary nails market value as the region is witnessing a rise in the incidence of fractures, particularly among older individuals. Long bone fractures, such as those of the femur and tibia, are common and often require surgical intervention, driving the demand for intramedullary nails in the region.

Additionally, Asia Pacific is expected to witness substantial market growth. This can be attributed to APAC countries investing in improving their healthcare infrastructure, including the development of hospitals, clinics, and specialized orthopedic centers. The expansion of healthcare facilities enhances access to advanced orthopedic treatments and surgical procedures, driving market growth for intramedullary nails.

Leading Players in the Global Intramedullary Nails Market

The key features of the market report include patent analysis, and strategic initiatives such as recent partnerships, and collaborations analysis by the leading players. The major companies in the market are as follows:

Stryker Corporation

Stryker Corporation is a leading medical technology company known for its extensive portfolio of orthopedic implants and devices. Stryker offers a comprehensive range of intramedullary nail systems tailored to meet the diverse needs of orthopedic surgeons and patients. These systems include femoral nails, tibial nails, humeral nails, and retrograde nails, each designed to address specific anatomical requirements and fracture patterns.

Orthofix Medical Inc.

Orthofix Medical Inc. is a global medical device company specializing in orthopedic solutions, including fixation devices like intramedullary nails. The company offers a range of intramedullary nail systems designed for the stabilization and fixation of long bone fractures.

Micromed Medizintechnik GmbH

The company is developing and manufacturing products for surgery such as intramedullary nails, micro scissors, and tungsten needle electrodes for about 20 years now, catering to the global intramedullary nails market.

 
Medtronic

Medtronic is a renowned global leader in medical technology, offering a wide array of innovative healthcare solutions across various therapeutic areas, including orthopedics. Within orthopedics, Medtronic provides a comprehensive portfolio of orthopedic implants including intramedullary nail systems.

Other key players in the market include B. Braun Melsungen AG, Smith & Nephew plc, Zimmer Biomet, Johnson & Johnson Services, Inc., Medtronic, GPC Medical Ltd., among others.

Key Highlights of the Report

Key Questions Answered in the Global Intramedullary Nails Market Report

• What was the global intramedullary nails market value in 2023?
• What is the global intramedullary nails market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is market segmentation based on type?
• What is market segmentation based on material?
• What are the application areas for intramedullary nails?
• What is market segmentation based on category?
• Who are the major end users of the market?
• What are the major factors aiding the global intramedullary nails market demand? 
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the major trends influencing the market? 
• What are the market's major drivers, opportunities, and restraints? 
• Which application area is expected to have a high market value in the coming years?
• Which regional market is expected to lead the market share in the forecast period? 
• Which country is estimated to experience expedited growth during the forecast period? 
• How does the cases of fractures affect the market landscape?
• How does the growing technological advancements impact the market size?
• Who are the key players involved in the intramedullary nails market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers and acquisitions among the key market players shaping the market dynamics?