Global Femur Shaft Fracture Market - 2022-2029

Global Femur Shaft Fracture Market - 2022-2029

Market Overview

Femur Shaft Fracture Market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of YY % during the forecast period (2022-2029).

A femur shaft fracture is a break along the length of the leg bone. Based on the force that causes the split, femur breaks differ tremendously. Bone parts will line up properly (stable fracture) or be out of alignment (displaced fracture). The skin can be intact around the fracture (closed fracture), or the skin can be punctured by the bone (open fracture). Typically, a fracturing of the femoral shaft produces acute, intense pain. The wounded leg would not be able to place weight on it, and it will appear deformed, thinner and no longer straight than the other leg. The major factors propelling the Femur shaft fracture market growth are the rising incidents of high-energy collisions, mainly road accidents falling from high altitudes, gunshots and more. The increasing prevalence of these incidents causes femur shaft fractures driving the market growth.

Market Dynamics: Increasing incidences of road accidents drives the market growth

A motor vehicle or motorcycle crash is the most prominent cause of femoral shaft fracturing. Another common cause is being struck by a vehicle while driving. These road accidents result in high-energy collisions, which break the femur bone driving the market growth. According to World Health Organization, in 2021, approximately 1.3 million people will be cut short due to a road traffic crash. Around 20 to 50 million more peoples suffer non-fatal injuries, with many incurring a disability due to their injury. This increase in cases creates a higher demand for femur shaft fracture treatment driving the market growth. Around 93% of the world's road fatalities occur in developing countries, even though these countries have approximately 60% of the world's vehicles. Road traffic injuries are a major cause of death for children and young adults aged 5-29 years. Approximately 1.3 million people die each year from road traffic crashes.

Also, increasing research activities along with the evolution of the use of intramedullary nails for treating the femur shaft market accelerates the market growth during the forecast period. Moreover, the rising geriatric population can lead to increasing cases of femur shaft fracture as the older population experiences weakness in bones which can easily be fractured.

However, the femur shaft fractures require surgery to heal, which uses metal pins, and screws being placed into the bone as a temporary treatment, while intramedullary nailing is used for severe cases. The cost for these surgeries is higher, which restricts the market growth.

Market Segmentation: The type 2 fracture segment is projected to be the dominant segment in the market during the forecast period.

Based on the type, the femur shaft fracture market has been classified into type 1 fracture and type 2 fractures.

Type 2 fracture dominated the global market in 2019, whereas Type 1 Fracture is expected to present considerable growth in the near future. Type 2 is a large butterfly of less than 50% of the bony width with greater than 50% of cortex intact. The severe accident mostly leads to Type 2 fracture owing to the higher energy collision which propels the segmental growth in the forecast period.

Femur shaft fracture is segmented based on End User, which includes Hospitals, Specialty/Orthopedic Clinics. Hospitals segment held significant market share in forecast period.

Most of the accidental cases are brought directly into the hospitals for treatment, supporting the segment growth during the forecast period. Moreover, the Specialty/Orthopedic Clinics is expected to project a considerable CAGR during the forecast period.

Geographical Penetration: North America region is expected to dominate the global femur shaft fracture market

Based on geography, the study analyzes the Femur Shaft Fracture market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America is holding a dominant position in the global Femur shaft fracture market in 2021. The U.S. is expected to represent considerable growth in North America during the forecast period. In the U.S., the femur shaft fracture is expected to grow owing to the Well-established healthcare infrastructure and high healthcare expenditure per capita.

Moreover, Asia Pacific is expected to represent significant growth in terms of value during the forecast period. Increasing road accidents are expected to propel market growth across the region. The femur shaft fracture market for the Asia Pacific is expected to observe rapid growth over the forecast period, backed by the increasing geriatric population in the region, as the weak bones of the older population can easily be fractured, driving the market growth in the region. Also, a large population base, an increase in the incidence of orthopedic diseases, and economic growth in China, and India, are expected to augment the growth of the Asia Pacific femur shaft fracture market.

Competitive Landscape:

The key femur shaft fracture players which are contributing to the growth of the global market include Stryker, B. Braun Melsungen AG., Zimmer Biomet., Smith+Nephew., Johnson & Johnson., Orthopaedic Implant Company, Orthofix Holdings, Inc, Wright Medical Group N.V., Advanced Orthopaedic Solutions, Aysam Ortopedi & Tibbi Cihazlar, among others. The major players are adopting new product launches and expansion strategies for global growth in the femur shaft fracture market. In September 2022, Stryker launched New Gamma4 Hip Fracture Nailing System. This new Gamma System provided surgeons with the next generation of Stryker’s intramedullary nailing system. This system is indicated for the treatment of stable and unstable fractures as well as for the stabilization of bones and correction of bone deformities in the intracapsular, trochanteric, subtrochanteric and shaft regions of the femur. This system has different features like precision pin, which reduce the potential of skiving by 66%. In March 2022, B.Braun acquired Intermedt Medizin & Technik GmbH, a specialist in preparing dialysis concentrates. Through this acquisition, the company completed the extensive product portfolio of its B. Braun Avitum division as a systems provider for extracorporeal blood treatment (dialysis). In September 2021, B.Braun Melsungen AG completed the acquisition of Sterinova Inc. Furthermore, Sterinova continues to operate as a subsidiary of B.Braun. In January 2022, Smith+Nephew, the global medical technology business, acquired Engage Surgical, owner of the only cementless unicompartmental (partial) knee system commercially available in the U.S. This acquisition strongly supports companies for growth and drove Smith+Nephew Robotics and Real Intelligence strategy.

COVID-19 Impact: Negative impact on the global femur shaft fracture market.

During the outbreak of COVID-19, there was a decrease in fractures in the femur shaft fracture. Compared to the 2019 femur shaft fracture data, there was a decrease in femur shaft fracture cases by 28.4%. The hospitals noticed a reduction in fracture cases and surgeries. Due to the lockdown, road accident cases are decreased due to reduced femur shaft fracture. With traffic restrictions and the closure of many commercial activities, a school, companies and factories have surely limited the movement of the population owing to a reduction in femur shaft fracture cases.

The global femur shaft fracture market report would provide an access to approximately 53 market data tables, 40 figures and 170 pages