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The global ulna osteotomy plate market is witnessing substantial growth due to the increasing incidence of forearm fractures and the growing prevalence of conditions requiring osteotomies, such as ulnar impaction syndrome. Ulna osteotomy is a surgical procedure that treats the length discrepancies between the ulna and radius bones in the forearm. The procedure involves cutting the ulna bone in the forearm, removing a thin slice of the bone, and then pulling the two pieces of bone together and fixing them with a plate and screws.
The increasing prevalence of bone disorders leading to fragility fractures of the wrist and hand tends to increase the adoption of ulna osteotomy plates. Such conditions boost the adoption of ulna osteotomy plates and propel the market growth.
Additionally, the presence of major players with robust product offerings in the ulna osteotomy plates is expected to boost the market growth during the forecast period.
Rising Prevalence of Forearm Fractures to Drive Market Growth
The rising prevalence of forearm fractures is a significant driver of the global ulna osteotomy plate market. Forearm fractures, particularly involving the ulna, are common injuries that can result from falls, sports injuries, accidents, and direct trauma. Moreover, these kinds of fractures are more frequent in certain populations, such as older adults, due to the increasing risk of osteoporosis, and active individuals, such as athletes and children, due to high exposure to physical activities. Additionally, increased access to surgical treatments and advanced orthopedic devices is expected to drive the adoption and growth of the ulna osteotomy plate market.
Such a rising number of cases is expected to drive the market growth.
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The Global Burden of Diseases, Injuries, and Risk Factors Study (GBD) 2019 estimated that around 178.0 million new cases of fracture were registered worldwide and 30.7 million cases of radius or ulna fractures were reported in 2019.
Product Recalls Related to Ulna Osteotomy Plate to Impact Market Growth
Despite the increasing demand for ulna osteotomy plates, a rise in the number of product recalls is projected to hamper the global market growth during the study period. Some manufacturing defects can lead to product recalls, which impacts the company’s brand presence and market expansion.
Rising Demand for Precise Surgical Interventions to Propel Industry Expansion
In the recent years, there has been a rising demand for accurate and precise surgical intervention for ulna osteotomy surgery. There is an increased demand for cutting guides for precise cutting of the bone according to the age of the patient.
Additionally, rising research and development and strategic initiatives among key industry players to offer software for advanced osteotomy surgeries led to an increase in product adoption and trust, which is expected to propel the market growth during the forecast period.
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The report covers the following key insights:
Based on product type, the market is divided into distal ulna plate, dorsal ulna plate, and proximal ulna plate.
The proximal ulna plate segment held a substantial market share. The proximal ulna is a critical part of the elbow joint, playing a significant role in the movement and stability of the arm. Fractures in this region can severely impact elbow function, making precise surgical intervention crucial. Proximal ulna plates are designed to fit the unique anatomy of the ulna at this location.
Additionally, increasing product launches for proximal ulna osteotomy by key players have led to the growth of the segment in the market.
Such launches are expected to propel the segment growth.
Based on application, the market is fragmented into fractures, osteotomies, and others.
The fractures segment held a significant share of the global ulna osteotomy plate market. The growth of the segment is attributed to the rising number of cases related to ulna, hand, and wrist fractures that leads to the rising demand for surgical intervention. The ulna osteotomy plate supports the normal functioning and movements of the hand and is expected to propel the segment growth.
Based on end-user, the market is segmented into hospitals & ASCs, specialty clinics, and others
The hospitals & ASCs segment held a significant portion of the market. The growth of the segment is attributed to the presence of advanced facilities and skilled professionals. In addition, the presence of organized reimbursement facilities for the devices leads to an increased shift of patients to these settings.
Additionally, the rising number of hospitals and ASCs leads to an increase in the number of surgical procedures and propels the growth of the segment.
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Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for a substantial share of the global ulna osteotomy plate market in 2023. The regional growth is attributed to the increasing prevalence of osteoporosis and fractures associated with it. Additionally, the presence of advanced healthcare facilities with strong reimbursement policies for patient care is set to propel industry expansion.
Furthermore, the presence of key players with advanced product offerings and regulatory approvals for new product launches boosts the regional market growth.
Europe holds a considerable market share based on the demand for ulna osteotomy plates. The strong presence of key players with advanced product offerings and launches augments the regional growth. In addition, increasing product launches by key players is expected to boost the regional growth.
The Asia Pacific market is expected to grow owing to the rising geriatric population and increasing cases of fractures, which will expand the adoption of ulna osteotomy plates in the region.
The global ulna osteotomy plate market reflects a semi-consolidated competitive structure, with a large number of established and emerging providers.
The report includes the profiles of the following key players:
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