Bone Staple Systems Market Size 2024-2028

The Global Bone Staple Systems Market size is estimated to grow by USD 76.17 million, at a CAGR of 7.22% between 2023 and 2028. The market's growth is influenced by several key factors: the high prevalence of osteoporosis, the increasing incidence of knee injuries, and the lucrative opportunities emerging in economies. Osteoporosis, a condition characterized by weakened bones, affects a significant portion of the population, driving demand for treatments and preventative measures. Likewise, the rising occurrence of knee injuries, often due to sports, accidents, or aging, fuels demand for orthopedic interventions and rehabilitation solutions. Additionally, emerging economies present promising prospects for market expansion, as they undergo rapid development, bolstering healthcare infrastructure and increasing access to medical services. These factors collectively shape the market landscape, offering opportunities for innovation, investment, and strategic partnerships to address the growing healthcare needs of diverse populations worldwide. It also includes an in-depth analysis of drivers, trends, and challenges. Our market forecast report examines historical data from 2018 - 2022, besides analyzing the current market scenario.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation 

By End-user

The hospitals segment is estimated to witness significant growth during the forecast period. The hospital segment is a key end-user in the market. In addition, these institutions play a crucial role in orthopedic care, where bone staples are utilized extensively for various orthopedic procedures, including fracture fixation, joint fusion, and bone realignment.

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The hospital segment was the largest segment and was valued at USD 61.54 million in 2018. Moreover, hospitals, being major players in patient care, require bone staple systems that are accurate, dependable, and simple to use. In addition, hospitals are important end-users because they are the main locations for trauma care and orthopedic surgery. Furthermore, bone staple systems are utilized by surgeons to offer stability and support during complex bone procedures, guaranteeing appropriate bone healing and patient recuperation. Therefore, medical facilities look for highly developed and adaptable bone staple systems that can handle a wide range of surgical needs, from straightforward orthopedic procedures to more involved ones. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

By Material 

The shape memory bone staple systems segment comprises nitinol-based bone staples, which allow active and continuous bi-cortical compression during the entire healing process of the bone. In addition, several companies offer shape memory bone staple systems. Moreover, Reign Medical offers the strongest bone compression staple in the industry, called the Clench Compression Staple System. In addition, it is one of the most reliable bone staple delivery systems used for osteotomy fixation, hand and foot bone fragments, and joint arthrodesis. Furthermore, hospitals prioritize cost-effective solutions without compromising quality, driving the demand for innovative bone staple systems that offer enhanced performance while being economically viable. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Mechanical bone staple systems segments are manufactured from stainless steel, titanium, Vitallium, and other metals and alloys, apart from nitinol. In addition, these bone staple systems are not super-elastic and cannot achieve the shape memory effect. Moreover, mechanical bone staple systems provide mechanical compression with high strength. In addition, mechanical bone staple systems are popular conventional fixation devices. In addition, other players providing mechanical bone staple systems include Johnson and Johnson Services Inc. (Johnson and Johnson Services), Smith and Nephew Plc (Smith and Nephew), and others Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Regional Analysis

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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period.  The growing number of orthopedic surgeries and the presence of a large number of orthopedic surgeons to carry out these surgeries are driving the bone staple systems market in North America. For example, according to the Definitive Healthcare physician platform, there were more than 30,500 orthopedic surgeons in the US in 2020.  Moreover, the presence of favorable reimbursements for osteoporosis treatment procedures leads to increasing demand for such surgeries, thereby raising the need for bone staple systems. Furthermore, the presence of several established companies in North America, such as Stryker, also drives the growth of the bone staple systems market in the region. Hence, such factors are driving the market growth in North America during the forecast period.

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Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 19 market companies, including:

Arthrex Inc: The company offers bone staple systems such as Dyna Nite Nitinol staple, SuperMX Nitinol, QucikFix small staple among others.

• Auxein Medical Inc.
• BioPro Inc.
• Conmed Corp.
• DJO Global Inc.
• Globus Medical Inc.
• GPC Medical Ltd.
• Integra Lifesciences Corp.
• Johnson and Johnson
• Medicalex Francemed
• Neosteo SA
• Ortho Solutions UK Ltd
• OrthoPediatrics Corp.
• Paragon 28 Inc.
• Reign Medical
• Smith and Nephew plc
• Stryker Corp.
• Vast Ortho
• Zimmer Biomet Holdings Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Dynamics and Customer Landscape

The market is witnessing substantial growth driven by advancements in orthopedic instruments and sports medicine. These systems play a crucial role in the treatment of various conditions, including knee injuries, ankle fractures, and epiphysial growth arrest. Designed for ligament reconstruction fixation and bony overgrowth management, bone staples provide effective neutralization and stabilization, particularly in cases of broken bones and musculoskeletal disorders. With options like Regular Fixation Staples and Osteotomy Fixation Staples, surgeons can address a wide range of orthopedic conditions. Both non-absorbable and absorbable bone staples are available, catering to diverse patient needs and preferences. From foot surgery to vertebrae surgery, bone staple systems offer reliable solutions for orthopedic interventions, improving outcomes for patients, including the geriatric population, and enhancing overall musculoskeletal health. There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. 

Key Market Drivers

One of the key factors driving the market growth is the increasing incidence of knee injuries. Knee injuries comprise strains; sprains; fractures; dislocations; meniscus tears; bursitis; overuse injuries (these are muscle or joint injuries resulting from repetitive trauma); injuries or tears of the posterior cruciate ligament (PCL), the anterior cruciate ligament (ACL), and medial collateral ligament (MCL); cartilage injuries involving meniscus tears; and kneecap injuries involving a dislocated patella and patella fractures. In addition,  PCL injuries are less common than ACL injuries.

Moreover, in the US, on average, about 150,000 ACL ruptures occur every year. In addition, meniscus tears are one of the most common types of knee injuries. Furthermore, the risk of meniscus tears is especially high among athletes who participate in contact sports, such as football, or sports that involve pivoting, such as tennis or basketball. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.

Significant Market Trends

A key trend shaping the market growth is the growing adoption of minimally invasive orthopedic surgeries. There is an increasing adoption of minimally invasive surgery due to its benefits, including less pain and discomfort, low chances of infection and bleeding, shorter hospital stays, no or small scars, and quick recovery. In addition, minimally invasive surgeries require a smaller incision and help in faster recovery compared with open surgery.

Moreover, in the field of orthopedics, minimally invasive surgery is used for various procedures, such as arthroscopy, a joint replacement for the knee and hip, and spine fusion. Furthermore, arthroscopy is used for the treatment of shoulder, elbow, wrist, knee, and ankle injuries. In addition, minimally invasive surgery is preferred for the treatment of sports-related injuries. Hence, it is expected to drive the market growth during the forecast period.

Major Market Challenges

Material innovation and biocompatibility in developing bone staple systems are some of the key challenges hindering market growth. Material innovation and biocompatibility pose a significant threat to the development and advancement of bone staple systems within the orthopedic market. In addition, the challenge of developing materials with the right amount of flexibility, strength, and biocompatibility never fades.

Moreover, to minimize negative tissue reactions or implant rejection, the ideal material for bone staples should be biocompatible and have a high mechanical strength to support bone fixation. In addition, it is difficult to find materials that fulfill these requirements. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.

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Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• End-user Outlook
  • Hospitals
  • Orthopedic centers
  • Ambulatory surgical centers
  • Clinics
• Material Outlook
  • Shape memory bone staple systems
  • Mechanical bone staple systems
• Geography Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of the World (ROW)
    • Australia
    • Argentina
    • Brazil

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Market Analyst Overview

The Bone Staple Systems market is integral to orthopedic interventions, addressing a spectrum of conditions from knee injuries to broken bones. These systems play a pivotal role in stabilizing damaged bone, facilitating knee ligament repair and ankle fracture management. In cases of bony overgrowth and post-traumatic skeletal difficulties, bone staples provide effective compression force and tension band support, promoting optimal healing. They are particularly vital in post-menopausal women, where bone health is crucial. As part of clinical practices, bone staples are essential tools for skilled personnel, offering reliable fixation in invasive procedures like triple arthrodesis. With options including non-absorbable and absorbable staples, the market caters to diverse patient needs, contributing to improved outcomes and fostering the growth of medical tourism for orthopedic procedures. Epiphysiodesis, a surgical procedure utilized to manage bony over growth in cases of knee injury or broken bone, may involve the use of implants such as non absorbable bone staple or absorbable bone staple to stabilize and promote proper healing of the affected area.

Additionally, the market is witnessing remarkable growth, driven by a myriad of factors ranging from knee joint injuries to post-menopausal skeletal changes. With an increasing prevalence of knee injuries and post-traumatic skeletal difficulties, demand for innovative solutions like Table Fixation Staples, Non-Absorbable Bone Staples, and Absorbable Bone Staples is soaring. These staples offer effective fixation for fractures and aid in the healing process, particularly in cases of bony overgrowth and broken bones. Moreover, advancements such as Spine Bone Stimulators are revolutionizing treatment modalities for conditions like cancers, blood disorders, including leukemia and lymphomas, where bone marrow biopsy needles and invasive procedures play a crucial role in diagnosis and therapy. This synergy between medical needs and technological innovations underscores the dynamic landscape of the Bone Staple Systems market.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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