Intramedullary Nails Market - Global Industry Analysis and Forecast (2024-2030)

  • Intramedullary Nails Market Size was valued at USD 1.03 Billion in 2023. The market is expected to grow at a CAGR of 6.0 % during the forecast period of 2024-2030. Reaching nearly USD 1.37 Billion by 2030.

  • Format : PDF | Report ID : SMR_2469

Intramedullary Nails Market Overview

  

Long, thin metal rods called intramedullary nails are inserted inside the bone to treat and heal the fractures. Treatment for deformities and fractures in the arm, leg, and pelvis also involves the use of intramedullary nails. To fix and support the fractures of long bones, particularly the femur, tibia, and humerus the nails are inserted by the surgery.

 

Intramedullary Nails Market is anticipated to grow during the forecast period 2024-2030, as a result of rising in fracture incidences and developments in materials and technology. The Intramedullary Nails market is witnessing rapid technological advancements, which are resulting in the development of new and innovative products that are helping to enhance patient results.

 

The intramedullary nails market is divided into several regions such as North America, Asia-Pacific, Europe, Middle East & Africa, and South America. North America is dominating the worldwide intramedullary nails market and is expected to grow during the forecasting period of 2024-2030 due to higher adoption of intramedullary nails and orthopedic implants.  Europe region showing rapid growth due to the presence of key players and supportive reimbursement policies.

 

 The major players in the intramedullary nails market are Zimmer Biomet, Stryker, Smith & Nephew, DePuy Synthes Companies (Johnson & Johnson), Orthofix Medical Inc, and others. Smith & Nephew is one of the top Medical equipment manufacturer companies that also manufactures orthopedic products like Intramedullary nails.

 

The intramedullary nail market is segmented into material type, application, end-user, and region. Based on end users, the market is divided into hospitals and Speciality clinics. The hospital sector is projected to register the highest growth over the forecast period 2024-2030 due to the rise in the number of hip fracture cases with complex geometries and communicated fractures that require modern techniques like inpatient care.

 

Intramedullary Nails Market Snapshot

 

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Intramedullary Nails Market dynamics

 

Drivers

 

Rising femur birth deformities and early detection boost the intramedullary nails market.

 

The intramedullary nails market is expected to experience growth in the forecasting period 2024-2030, driven by the rising incidences of birth deformities of the femur, which can include birth defects. Birth deformities of the femur, such as congenital femoral deficiency (CFD) and other congenital abnormalities, are conditions where the femur does not develop properly, leading to functional impairments and growth issues. As awareness of femoral birth deformities grows, more healthcare providers are recognizing the benefits of intramedullary nails in treating these conditions. Advances in medical imaging and prenatal screening have improved the early detection of such conditions, enabling timely intervention and treatment. Early diagnosis often leads to better outcomes, and the use of intramedullary nails in corrective surgeries has become a preferred choice among orthopedic surgeons due to their effectiveness in stabilizing and promoting proper bone growth.

 

Advanced intramedullary nail designs enhance stability, reduce trauma, and expand applications, driving market growth.

 

 The development of new, advanced intramedullary nail designs has also played a crucial role in market growth. The use of advanced materials, such as bioresorbable polymers and high-strength titanium alloys, has improved the durability and biocompatibility of intramedullary nails. These materials offer benefits such as reduced risk of infection and better integration with bone tissue, which contributes to the overall success of the treatment and drives market demand. These innovations have led to improved outcomes for patients and have expanded the range of applications for intramedullary nails in orthopedic surgery. Modern intramedullary nails are designed to provide superior biomechanical stability, offering advantages such as reduced surgical trauma, shorter recovery times, and lower risk of complications. These improvements have made intramedullary nailing a more attractive option for treating femoral deformities in pediatric patients, further fueling market expansion. Advancements in nail design have significantly contributed to the intramedullary nails market growth.

 

Opportunities

 

Growing Demand in Emerging Markets

 

The intramedullary nails market presents substantial opportunities in emerging markets due to the increasing healthcare infrastructure and rising disposable incomes. Emerging markets are investing heavily in modernizing and expanding their healthcare infrastructure. New hospitals, surgical centres, and specialized orthopedic clinics are being established, creating a greater need for advanced medical devices.  As countries in Asia, Africa, and Latin America continue to develop, there is a growing demand for advanced medical treatments and surgical interventions. The expansion of healthcare facilities and the availability of skilled healthcare professionals in these regions are driving the adoption of intramedullary nails for treating fractures and deformities. Companies that invest in these emerging markets can tap into a vast and growing patient population, potentially leading to significant market share gains.

 

Technological Advancements and Innovation

 

Technological advancements in the design and materials of intramedullary nails are creating new opportunities for market growth. Innovations such as biodegradable nails, smart nails with integrated sensors, and improved locking mechanisms are enhancing the efficacy and safety of these devices. These advancements not only improve patient outcomes but also expand the range of conditions that can be effectively treated with intramedullary nails. Companies that focus on research and development to bring innovative products to market can differentiate themselves from competitors and capture a larger market share.

 

Challenges

 

High Costs of Advanced Technology

 

One of the primary challenges in the intramedullary nails market is the high cost associated with advanced technology and materials. The development and manufacturing of innovative intramedullary nails, such as those incorporating smart technology or advanced materials, often involve significant research and development expenses. These costs are reflected in the pricing of the products, which can be a barrier to adoption in cost-sensitive markets and among healthcare providers with limited budgets. Addressing these cost challenges requires balancing technological advancements with cost-effective production methods and exploring pricing strategies that make these devices more accessible. Additionally, the complex regulatory landscape adds to the overall costs, as obtaining necessary certifications and approvals can be time-consuming and expensive. Variability in reimbursement policies across different regions further complicates the market, potentially limiting access to these advanced products.

 

Intramedullary Nails Market Share Size (In USD Bn)

 

Intramedullary Nails Market Segment Analysis

 

By Material type

 

Based on type, titanium metal dominated the intramedullary nails market in 2023, due to a large preference for titanium material for implants. As compared to traditional materials, titanium metal is widely used in implants because of its many benefits, including strength, rigidity, strain-bearing capacity, and superior corrosion resistance. Ti6Al4VELI (ASTM F-136), a titanium alloy that is frequently used in implants, has many benefits over other materials, driving significant growth in this segment. They also stick to bone easily without the need for an outside covering and have non-allergic, non-magnetic, and non-radio-opaque qualities. The use of titanium in fracture treatment is increasingly becoming popular due to its affordability and performance.

 

Stainless steel is expected to grow fast during the forecast period 2024-2030, due to its strength and durability. These nails provide strong support in the treatment of fractures, along with reliable stabilization during the healing process. Orthopedic surgeons frequently choose stainless steel due to its well-established performance record, especially in regions with established healthcare systems and a preference for proven solutions.

 

Intramedullary Nails Market Share segment analysis by Material Type

 

By End-user

 

Based on end users, the hospital hold the largest market share in 2023, driven by numerous factors like the rising use of minimally invasive procedures, and cutting-edge resources, such as orthopedic surgery robots. Hospitals are experiencing a higher demand for orthopedic procedures, including femoral intramedullary nailing, to treat fractures in elderly patients as the world’s population ages. The expansion in the healthcare infrastructure of hospitals also drives the growth of the segment.

 

Specialty clinics, particularly those focused on orthopedic care, are another important end-user segment for intramedullary nails. They offer personalized and targeted treatment plans, leveraging the expertise of orthopedic specialists. Specialty clinics are known for their high level of patient care and follow-up, which is crucial for successful fracture healing. specialty clinics often adopt the latest medical technologies and materials, potentially driving the demand for advanced intramedullary nails.

 

Intramedullary Nails Market Share segment analysis by End user

 

Intramedullary Nails Market Import- Export Analysis

 

Import

 

European Countries like the UK, France, and Italy import intramedullary nails to meet the demands of their advanced healthcare systems. Because of the rapidly growing healthcare markets in the Asia-Pacific region countries like India, Japan, and South Korea import intramedullary nail products to enhance their medical capabilities.

 

Export

 

The United States is a significant exporter due to its advanced medical device industry and innovations in orthopedic products. Germany is a major player in exporting the intramedullary nails market because of its high-quality engineering and medical technology. China is increasingly becoming a key exporter due to cost-effective manufacturing and improving quality standards.

 

 

Intramedullary Nails Market Regional Analysis

 

North America leads the market because it has a top-notch healthcare system with excellent orthopedic surgery facilities. This advanced infrastructure ensures patients get timely access to orthopedic care, boosting the demand for intramedullary nails in the region. Additionally, North America benefits from significant investments in healthcare technology and continuous advancements in medical research, which drive innovation in orthopedic devices. Moreover, the presence of leading medical device companies and extensive R&D activities in North America facilitate the development and introduction of cutting-edge products in the market. High rates of sports-related injuries and vehicular accidents in the region drive the need for effective fracture management solutions, further propelling the intramedullary nails market.

 

Europe also has a strong market for intramedullary nails due to an increasing number of fractures, especially among older people. Common long bone fractures, like those of the femur and tibia, often need surgery, which drives up the demand for intramedullary nails in the region. Investments in healthcare systems across many European countries have improved infrastructure and access to advanced surgical procedures, supporting the adoption of high-quality intramedullary nails. Government initiatives and policies aimed at improving public health and supporting medical advancements play a crucial role in the growth of the intramedullary nails market in Europe.

 

Intramedullary Nails market Share Size By region

 

Intramedullary Nails Market Competitive Landscape

 

The major players in the intramedullary nails market are Zimmer Biomet, Stryker, Smith & Nephew, DePuy Synthes Companies (Johnson & Johnson), Orthofix Medical Inc., and others.

 

Stryker is one of the American leading global medical technology company offers innovative products and services in MedSurge, Neurotechnology, Orthopaedics, and spines that improve patient and health care outcomes. Stryker provides innovative products and services that meet regulatory requirements through an effective quality system. Stryker produces Orthopaedics products consisting primarily of implants used in hip and knee joint replacements as well as in trauma and extremities surgeries.

 

  • In 2023, Stryker introduced a new minimally invasive bunion treatment system, Prostep MIS Lapidus, as part of its growing extremities portfolio, acquired through its takeover of Wright Medical in 2020. The device, which will make its debut at the 2023 American Orthopaedic Foot & Ankle Society Annual Meeting, promises to lessen scarring, limit the recurrence of bunions, and reduce the need for opioids.

 

Orthofix is a leading global spine and Orthopaedics Company with a broad portfolio of biologics, cutting-edge spinal hardware, bone development therapies, specialist orthopedic solutions, and a top surgical navigation system. Orthofix offers innovative and minimally invasive extremity solutions to help surgeons and improve the quality of life for patients. The company is dedicated to delivering innovative, high-quality solutions that empower physicians and healthcare organizations to meet the needs of patients daily.

 

  • In July 2022, Orthofix American Company announced the Virtuos Lyograft, a first-of-its-kind, fully functional autograft substitute for spine and orthopedic surgeries, on a limited market and the first patient implant. Virtuos is provided in a room-temperature, ready-to-use, moldable form and offers significant logistical and cost-savings advantages to the hospital with improved shipping, storage, and operating room efficiency. Virtuos' room temperature transportation and storage removes the need for a lot of dry ice, Styrofoam containers, and freezer storage, allowing for more flexible shipping choices and less packaging overall, all of which contribute to a lower carbon footprint.

 

Intramedullary Nails Market Scope

Market Size in 2023

USD 1.03 Billion           

Market Size in 2030

USD 1.37 Billion

CAGR (2023-2030)

6.0%

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

Segments

By Material Type

  • Titanium Alloys
  • Stainless Steel

By End-user

  • Hospitals
  • Specialty Clinics
  • Other

By Application

  • Femoral Fracture
  • Tibial Fracture
  • Others

By sales channel

  • Direct
  • Distribution Sales

 

Key Players

 

  1. Zimmer Biomet
  2. Stryker 
  3. Smith & Nephew,
  4. Orthofix Medical Inc
  5. TREU-Instrumente GmbH
  6. CarboFix Orthopaedics Ltd
  7. MIZUHO Corporation
  8. Medtronic
  9. Kanghui Orthopaedics 
  10. Jiangsu Jinlu Group, 
  11. Medical Device Co., Ltd
  12. X-Bolt Orthopaedics
  13. Conventus Flower Orthopaedics
  14. Naton Medical Group
  15. B. Braun SE
  16. OrthoXel
  17. Suzhou Xinrong Best Medical Instrument Co. Ltd 
  18. Dragonbio (Mindray Orthopaedics)
  19. Ortho Solutions UK Ltd
  20. Advanced Orthopaedic Solutions 
  21. DePuy Synthes Companies (Johnson & Johnson)


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Frequently Asked Questions

Zimmer Biomet, Stryker, Smith & Nephew, DePuy Synthes Companies (Johnson & Johnson), Orthofix Medical Inc., and others are the major players in the intramedullary nails market.

1.    Intramedullary Nails  Market: Research Methodology 

2.    Intramedullary Nails  Market: Competitive Landscape
2.1. Stellar Competition Matrix
2.2. Competitive Landscape
2.3. Key Players Benchmarking
2.4. Market Structure
2.4.1.    Market Leaders 
2.4.2.    Market Followers
2.4.3.    Emerging Players

2.5. Consolidation of the Market

3.    Intramedullary Nails  Market: Executive Summary

4.    Intramedullary Nails  Market: Dynamics
4.1. Market Drivers 
4.2. Market Restraints
4.3. Market Opportunities
4.4. Market Challenges
4.5. Regulatory Landscape by Region
4.5.1.    North America
4.5.2.    Europe
4.5.3.    Asia Pacific
4.5.4.    Middle East and Africa
4.5.5.    South America

5.    Intramedullary Nails  Market Size and Forecast by Segments (by Value USD Billion)
5.1. Intramedullary Nails  Market Size and Forecast, By Material Type (2023-2030)
5.1.1.    Titanium Alloys
5.1.2.    Stainless Steel

5.2. Intramedullary Nails  Market Size and Forecast, by End-user  (2023-2030)
5.2.1.    Hospitals
5.2.2.    Specialty clinics
5.2.3.    Other

5.3. Intramedullary Nails Market Size and Forecast, by Application  (2023-2030)
5.3.1.    Femoral Fracture
5.3.2.    Tibial Fracture
5.3.3.    Others 

5.4. Intramedullary Nails  Market Size and Forecast, by Sales Channel (2023-2030)
5.4.1.    Direct
5.4.2.    Distribution Sales

5.5. Intramedullary Nails  Market Size and Forecast, by Region (2023-2030)
5.5.1.    North America
5.5.2.    Europe
5.5.3.    Asia Pacific
5.5.4.    Middle East and Africa
5.5.5.    South America

6.    North America Intramedullary Nails  Market Size and Forecast (by Value USD Billion)
6.1. North America Intramedullary Nails  Market Size and Forecast, By Material Type (2023-2030)
6.1.1.    Titanium Alloys
6.1.2.    Stainless Steel

6.2.  North America Intramedullary Nails  Market Size and Forecast, by End-user (2023-2030)
6.2.1.    Hospitals
6.2.2.    Specialty clinics
6.2.3.    Other

6.3. North America Intramedullary Nails Market Size and Forecast, by Application (2023-2030)
6.3.1.    Femoral Fracture
6.3.2.    Tibial Fracture
6.3.3.    Others

6.4. North America Intramedullary Nails  Market Size and Forecast, by Sales Channel (2023-2030)
6.4.1.    Direct
6.4.2.    Distribution Sales

6.5. North America Intramedullary Nails  Market Size and Forecast, by Country (2023-2030)
6.5.1.    United States
6.5.2.    Canada
6.5.3.    Mexico

7.    Europe Intramedullary Nails  Market Size and Forecast (by Value USD Billion)
7.1. Europe Intramedullary Nails  Market Size and Forecast, By Material Type (2023-2030)
7.1.1.    Titanium Alloys
7.1.2.    Stainless Steel

7.2.  Europe Intramedullary Nails  Market Size and Forecast, by End-user  (2023-2030)
7.2.1.    Hospitals
7.2.2.    Specialty clinics
7.2.3.    Other

7.3. Europe Intramedullary Nails Market Size and Forecast, by Application  (2023-2030)
7.3.1.    Femoral Fracture
7.3.2.    Tibial Fracture
7.3.3.    Others

7.4. Europe Intramedullary Nails  Market Size and Forecast, by Sales Channel (2023-2030)
7.4.1.    Direct
7.4.2.    Distribution Sales

7.5. Europe Intramedullary Nails  Market Size and Forecast, by Country (2023-2030)
7.5.1.    UK
7.5.2.    France
7.5.3.    Germany
7.5.4.    Italy
7.5.5.    Spain
7.5.6.    Sweden
7.5.7.    Austria
7.5.8.    Rest of Europe

8.    Asia Pacific Intramedullary Nails  Market Size and Forecast (by Value USD Billion)
8.1. Asia Pacific Intramedullary Nails  Market Size and Forecast, By Material Type (2023-2030)
8.1.1.    Titanium Alloys
8.1.2.    Stainless Steel

8.2.  Asia Pacific Intramedullary Nails  Market Size and Forecast, by End-User (2023-2030)
8.2.1.    Hospitals
8.2.2.    Specialty clinics
8.2.3.    Other

8.3. Asia Pacific Intramedullary Nails Market Size and Forecast, by Application (2023-2030)
8.3.1.    Femoral Fracture
8.3.2.    Tibial Fracture
8.3.3.    Others

8.4.  Intramedullary Nails  Market Size and Forecast, by Sales Channel (2023-2030)
8.4.1.    Direct
8.4.2.    Distribution Sales

8.5. Asia Pacific Intramedullary Nails  Market Size and Forecast, by Country (2023-2030)
8.5.1.    China
8.5.2.    S Korea
8.5.3.    Japan
8.5.4.    India
8.5.5.    Australia
8.5.6.    Indonesia 
8.5.7.    Malaysia
8.5.8.    Vietnam
8.5.9.    Taiwan
8.5.10.    Bangladesh 
8.5.11.    Pakistan
8.5.12.    Rest of Asia Pacific

9.    Middle East and Africa Intramedullary Nails  Market Size and Forecast (by Value USD Billion)
9.1. Middle East and Africa Intramedullary Nails  Market Size and Forecast, By Material Type (2023-2030)
9.1.1.    Titanium Alloys
9.1.2.    Stainless Steel

9.2.  Middle East and Africa Intramedullary Nails  Market Size and Forecast, by End-user (2023-2030)
9.2.1.    Hospitals
9.2.2.    Specialty clinics
9.2.3.    Other

9.3. Middle East and Africa Intramedullary Nails Market Size and Forecast, by Application (2023-2030)
9.3.1.    Femoral Fracture
9.3.2.    Tibial Fracture
9.3.3.    Others 

9.4. Intramedullary Nails  Market Size and Forecast, by Sales Channel (2023-2030)
9.4.1.    Direct
9.4.2.    Distribution Sales

9.5. Middle East and Africa Intramedullary Nails Market Size and Forecast, by Country (2023-2030)
9.5.1.    South Africa
9.5.2.    GCC
9.5.3.    Egypt
9.5.4.    Nigeria
9.5.5.    Rest of MEA

10.    South America Intramedullary Nails  Market Size and Forecast (by Value USD Billion)
10.1. South America Intramedullary Nails Market Size and Forecast, By Material Type (2023-2030)
10.1.1.    Titanium Alloys
10.1.2.    Stainless Steel

10.2. South America Intramedullary Nails Market Size and Forecast, by End-user (2023-2030)
10.2.1.    Hospitals
10.2.2.    Specialty clinics
10.2.3.    Other

10.3. South America Intramedullary Nails Market Size and Forecast, by Application (2023-2030)
10.3.1.    Femoral Fracture
10.3.2.    Tibial Fracture
10.3.3.    Others 

10.4. Intramedullary Nails  Market Size and Forecast, by Sales Channel (2023-2030)
10.4.1.    Direct
10.4.2.    Distribution Sales

10.5. South America Intramedullary Nails Market Size and Forecast, by Country (2023-2030)
10.5.1.    Brazil
10.5.2.    Mexico

10.5.3.    Rest of South America

11.    Company Profile: Key players
11.1. Stryker 
11.1.1.    Company Overview
11.1.2.    Financial Overview
11.1.3.    Business Portfolio
11.1.4.    SWOT Analysis
11.1.5.    Business Strategy 
11.1.6.    Recent Developments

11.2. Zimmer Biomet
11.3.  Smith & Nephew 
11.4. Orthofix Medical Inc
11.5.  TREU-Instrumente GmbH
11.6.  CarboFix Orthopaedics Ltd
11.7.  MIZUHO Corporation
11.8.  Medtronic
11.9. KanghuiOrthopaedics 
11.10. Jiangsu Jinlu Group
11.11. Medical Device Co., Ltd
11.12.  Naton Medical Group
11.13.  Suzhou Xinrong Best Medical Instrument Co. Ltd 
11.14. Dragonbio (Mindray Orthopaedics)
11.15.  Ortho Solutions UK Ltd
11.16. Advanced Orthopaedic Solutions 
11.17. DePuy Synthes Companies (Johnson & Johnson)
11.18. Others

12.    Key Findings

13.    Industry Recommendations

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