The new report by Expert Market Research titled, ‘Global Non-Union Fractures Market Analysis, Share, Trends, Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global non-union fractures market, assessing the market based on its segments like types, treatment types, applications, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 7.5% (Fracture Fixation Products)
The increasing prevalence of disorders such as septic non-union, Pseudoarthrosis, and other types non-union is driving the market growth. The growing reliance on stem cell therapy to treat this disorder, owing to the rapid advancements in technology and introduction of high-tech medical equipment, is further bolstering the market growth.
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Over the forecast period, the increasing population of geriatrics, along with the bone-related issues associated with it, is likely to provide impetus to the market growth. In terms of region, North America accounts for a significant share of the market owing to the high healthcare expenditure and advanced healthcare infrastructure across the United States of America and Canada.
Non-Union Fractures Industry Definition and Major Segments
A condition in which the human body is not able to heal a fracture is defined as non-union fracture. A surgery or intercession is performed in order to treat this condition. This condition arises when the stability of body is inadequate and blood supply is not sufficed.
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On the basis of type, the market can be segmented into:
- Septic Non-union
- Hypertrophic Non-union
- Atrophic Non-union
- Oligotrophic Non-union
Based on treatment type, the market has been segmented into:
- Stem Cell Therapy
By application, the market has been segmented into:
- General Surgery
- Gastrointestinal Surgery
- Urological Surgery
- Bariatric Surgeries
- Thoracic Surgery
The significant end-uses included in the market are as follows:
- Ambulatory Surgical Centres
- Nursing Homes
The regional markets for non-union fracture include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Non-Union Fractures Market Trends
The key trends in the non-union fracture market include the rising prevalence of sports related injuries and increasing inclination towards gym and other athletic activities. These activities make the population prone to non-union fracture. The increasing healthcare expenditure across the emerging economies, coupled with the favourable reimbursement policies by the government, are anticipated to be the crucial trends in the market.
Moreover, the growing research and development activities by the major biopharmaceutical and biotech firms aimed towards producing minimally invasive treatments are the other key trends in the market. The rising disposable income and rising health awareness among the working-class population are expected to bolster the footfall in healthcare units for check-up.
Key Market Players
The major players in the market are:
- Sri Sri Holistic Hospital
- Huff Orthopaedics & Sports Medicine
- Entera Bio Ltd.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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