Market Overview:
The global hand fracture system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of hand fractures and rising awareness about hand fracture treatment options. Based on type, the global hand fracture system market is segmented into thicknesses 1.2 mm and thicknesses 0.8 mm.
Product Definition:
Hand Fracture System is a set of tools that are used to fix broken bones in the hand. This system includes a variety of different sized screws, plates, and wires that can be used to fix any type of fracture. The Hand Fracture System is important because it allows doctors to properly fix broken bones in the hand, which can help patients recover quickly and without complication.
Thicknesses 1.2 mm:
Thickness 1.2 mm is a type of absorbable hemostat that is used in the treatment of hand fracture system.
The global hand fracture system market size was valued at USD 2.5 billion in 2016.
Thicknesses 0.8 mm:
Thickness 0.8 mm is a medical device used in hand fracture system to realign the bones. It’s usage depends on bone density, location of injury and other factors. In general, patients with high bone density require higher thicknesses of wires while lower bone density patients need thinner wires for successful realignment.
Application Insights:
The metacarpal fractures segment dominated the global hand fracture system market in 2017 owing to a significant increase in the number of patients suffering from osteoporosis. As per WHO, around 54% of women and 47% of men above 60 years have low bone mass, which increases their risk of developing osteoporosis. Thus, increasing the geriatric population susceptible to this condition is expected to drive demand for hand fracture systems over the forecast period.
Hand fracture systems are also used for treating phalangeal fractures caused due to excessive trauma or sports-related injuries. These types of injuries are often seen during recreational activities like skiing and snowboarding as well as during professional sports like American football and ice hockey games played on hard surfaces such as concrete or asphalt.
Regional Analysis:
North America dominated the global market in 2017 owing to high healthcare expenditure, favorable reimbursement policies, and increasing incidence of sports injuries. The region is expected to maintain its dominance over the forecast period due to continuous innovations in fracture care and growing geriatric population.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising disposable income coupled with improving healthcare infrastructure. Moreover, an increase in road accidents will also contribute towards regional growth during the same period as a large number of fractures are caused due to bone trauma at times associated with severe road accidents.
The key players operating in this industry are Stryker Corporation; Zimmer Biomet Holdings Inc.; De Puy Synthes; Johnson & Johnson Services Inc.
Growth Factors:
- Increasing incidence of hand fractures: The increasing incidence of hand fractures is one of the key growth drivers for the Hand Fracture System market. According to a study by the American Academy of Orthopaedic Surgeons, around 1 in every 10 people in the U.S. suffers from a hand fracture at some point in their life. This number is expected to rise due to the increasing elderly population and rising rates of obesity and diabetes mellitus, which are associated with an increased risk of hand fractures.
- Growing demand for minimally invasive procedures: The growing demand for minimally invasive procedures is another key growth driver for the Hand Fracture System market. Minimally invasive procedures offer several advantages over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. As a result, there has been a growing trend towards using minimally invasive techniques for treating various medical conditions, including hand fractures.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hand Fracture System Market Research Report
By Type
Thicknesses 1.2 mm, Thicknesses 0.8 mm
By Application
Metacarpal Fractures, Phalangeal Fractures, Others
By Companies
Acumed, Zimmer Biomet, German Healthcare Export Group e.V., DePuy Synthes, Allegra, KLS Martin Group, ORTHOAXIS, Acumed
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Hand Fracture System Market Report Segments:
The global Hand Fracture System market is segmented on the basis of:
Types
Thicknesses 1.2 mm, Thicknesses 0.8 mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metacarpal Fractures, Phalangeal Fractures, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Acumed
- Zimmer Biomet
- German Healthcare Export Group e.V.
- DePuy Synthes
- Allegra
- KLS Martin Group
- ORTHOAXIS
- Acumed
Highlights of The Hand Fracture System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thicknesses 1.2 mm
- Thicknesses 0.8 mm
- By Application:
- Metacarpal Fractures
- Phalangeal Fractures
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hand Fracture System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
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- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The hand fracture system is a group of bones in the hand that are broken or fractured. These bones include the metacarpal bone (the middle bone in the palm), the phalanx (a finger bone), and the carpus (a wristbone).
Some of the major companies in the hand fracture system market are Acumed, Zimmer Biomet, German Healthcare Export Group e.V., DePuy Synthes, Allegra, KLS Martin Group, ORTHOAXIS, Acumed.
The hand fracture system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hand Fracture System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hand Fracture System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hand Fracture System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hand Fracture System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hand Fracture System Market Size & Forecast, 2018-2028
4.5.1 Hand Fracture System Market Size and Y-o-Y Growth
4.5.2 Hand Fracture System Market Absolute $ Opportunity
Chapter 5 Global Hand Fracture System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hand Fracture System Market Size Forecast by Type
5.2.1 Thicknesses 1.2 mm
5.2.2 Thicknesses 0.8 mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hand Fracture System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hand Fracture System Market Size Forecast by Applications
6.2.1 Metacarpal Fractures
6.2.2 Phalangeal Fractures
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hand Fracture System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hand Fracture System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hand Fracture System Analysis and Forecast
9.1 Introduction
9.2 North America Hand Fracture System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hand Fracture System Market Size Forecast by Type
9.6.1 Thicknesses 1.2 mm
9.6.2 Thicknesses 0.8 mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hand Fracture System Market Size Forecast by Applications
9.10.1 Metacarpal Fractures
9.10.2 Phalangeal Fractures
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hand Fracture System Analysis and Forecast
10.1 Introduction
10.2 Europe Hand Fracture System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hand Fracture System Market Size Forecast by Type
10.6.1 Thicknesses 1.2 mm
10.6.2 Thicknesses 0.8 mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hand Fracture System Market Size Forecast by Applications
10.10.1 Metacarpal Fractures
10.10.2 Phalangeal Fractures
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hand Fracture System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hand Fracture System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hand Fracture System Market Size Forecast by Type
11.6.1 Thicknesses 1.2 mm
11.6.2 Thicknesses 0.8 mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hand Fracture System Market Size Forecast by Applications
11.10.1 Metacarpal Fractures
11.10.2 Phalangeal Fractures
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hand Fracture System Analysis and Forecast
12.1 Introduction
12.2 Latin America Hand Fracture System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hand Fracture System Market Size Forecast by Type
12.6.1 Thicknesses 1.2 mm
12.6.2 Thicknesses 0.8 mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hand Fracture System Market Size Forecast by Applications
12.10.1 Metacarpal Fractures
12.10.2 Phalangeal Fractures
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hand Fracture System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hand Fracture System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hand Fracture System Market Size Forecast by Type
13.6.1 Thicknesses 1.2 mm
13.6.2 Thicknesses 0.8 mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hand Fracture System Market Size Forecast by Applications
13.10.1 Metacarpal Fractures
13.10.2 Phalangeal Fractures
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hand Fracture System Market: Competitive Dashboard
14.2 Global Hand Fracture System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acumed
14.3.2 Zimmer Biomet
14.3.3 German Healthcare Export Group e.V.
14.3.4 DePuy Synthes
14.3.5 Allegra
14.3.6 KLS Martin Group
14.3.7 ORTHOAXIS
14.3.8 Acumed
