According to a recent market study published by Growth Market Reports titled, “North America Clavicle Plating System Market by Type, Application, and Region: Size, Share, Trends, and Opportunity Analysis, 2017-2027”, the market was valued at USD 40.4 million in 2019 and is projected to expand at a CAGR of 4.2% between 2020 and 2027. In terms of volume, the market is estimated to expand at a CAGR of 2.9% during the forecast period. The North America clavicle plating system market is anticipated to grow owing to the factors such as rising prevalence of shoulder injuries leading to clavicle fractures, increasing number of road accidents, and emergence of newer technologies associated with the clavicle plating system.

The North America Clavicle Plating System market is fragmented based on type, application, and region. Based on types, the market is bifurcated into locking screws and non-locking screws. On the basis of application, the clavicle plating system market is segregated into clavicle acute fractures, clavicle malunions, nonunions of the clavicle, and others. In terms of countries, the North America clavicle plating system market is classified as the US and Canada.

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The clavicle plating system market is anticipated to expand at a sluggish pace due to the COVID-19 pandemic in 2020. Most of the surgical procedures in the U.S. were canceled and postponed during COVID-19 pandemic, which hindered the market growth in 2020. Moreover, the partial and complete lockdowns in North America decreased the number of road accidents thereby, reducing the risk of shoulder injuries.

As per the Growth Market Reports industry analyst Vidya Jadhav, “The North America Clavicle Plating System market is anticipated to expand at a substantial CAGR during the forecast period from 2020 to 2027, driven by introduction of new technologies, growing prevalence of shoulder injuries, and increasing number of road accidents & sports injuries in North America. For instance, sports such as football, basketball, soccer, and volleyball, and wrestling causes shoulder injuries among the U.S. population. Some of these injuries lead to the clavicle fractures and clavicle malunions which in turn, is expected to propel the growth of clavicle plating system market across North America.

Key Takeaways from the Study:

  • Companies such as Stryker and Zimmer Biomet held significant market share of the North America clavicle plating system market in 2019.
  • The U.S. accounts for a major share of the market, followed by Canada. The market in the U.S. is projected to expand at substantial CAGR during the forecast period.
  • The locking screws segment held a considerable market share in 2019 and is anticipated to expand at a significant CAGR during the forecast period. Availability of intramedullary nails, intramedullary pins, bone plates, bone screws, and smooth and threaded pins & wires contributes to the segmental growth.
  • The clavicle acute fractures accounted for the highest market share in 2019. The clavicle acute fracture is a common fracture type and accounts for 5% of all adult fractures. Thus, high occurrence of clavicle acute fractures drives the segmental growth.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 40.4 million

Market Growth Rate (from 2020 to 2027)

4.2%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Units Considered

Value (USD Million) & Volume (Thousand Units)

Market Segments

Type and Application

Country Scope

U.S. and Canada

Key Companies Profiled

Acumed LLC, Stryker, Zimmer Biomet, aap Implantate AG, Orthopaedic Implant Company, ITS, Marquardt U.K. Ltd, DePuy Synthes

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements

Target Audience:

  • Supply-side: Clavicle plating system manufacturers, raw material suppliers, primary respondents, and distributors
  • Demand Side: Hospitals, ambulatory surgical centers
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and Industry Bodies: American Shoulder and Elbow Surgeons (ASES), Association of Clinical Elbow and Shoulder Surgeons (ACESS), American Society of Shoulder and Elbow Therapists, Canadian Shoulder and Elbow Society, Arthroscopy Association of North America (AANA), American Association of Orthopaedic Surgeons (AAOS), American Society of Bone and Mineral Research (ASBMR)