Clavicle Plating System Market Size, Share & Industry | 2030

Report Description

North America Clavicle Plating System Market Outlook

North America clavicle plating system market size was valued at USD 40.4 million in 2019 and is projected to reach USD 52.4 million by 2027, expanding at a CAGR of 4.2% during the forecast period. In terms of volume, the market is projected to expand at a CAGR of 2.9% during the forecast period.

Clavicle plating system offers strong fixation of bone fragments in a locked plating structure that can be contoured directly to the bone.The system consists of two plate styles including high flex and high strength plates. 

Get Free Sample Report

The high flex plates provide three-dimensional contouring that is designed to help facilitate matching of the complex bone surfaces. The high strength plates offer two-dimensional contouring that provides increased plate stiffness as compared to high flex plates.

North America Clavicle Plating System Market Dynamics

North America clavicle plating system market is driven by the advent of newer technologies related to clavicle plating system. Moreover, factors such as introduction of newer materials, hybrid systems, and anatomical plates for clavicle plating system are expected to drive the market growth during the forecast period.Increasing occurrence of clavicle fracture in the U.S. is contributing to the growth of North America clavicle plating system market.

For instance, according to a recent data by Medscape, in 2018, clavicle fractures accounted for 3-5% of all fractures and 44% of all shoulder girdle injuries. Moreover, clavicular injuries affect 1 in 1,000 people in the U.S. on an annual basis. Thus, the demand for clavicle plating systems is expected to increase during the forecast period.

Rise in road accidents is another common factor for broken collarbones. As per the recent data, more than 80% of clavicular fractures occur by a fall onto the shoulder. These fractures commonly occur due to road accidents or sports injuries. These injuries are caused by accidents in cyclists, car drivers, motorcyclists, and pedestrians. These road accidents lead to the rise in number of patients of trauma and clavicle fractures thereby, propelling the growth of North America clavicle plating system market.

North America Clavicle Plating System Market Segment Insights

Types Segment Analysis

On the basis of types, the market has been bifurcated into locking screws and non-locking screws. The locking screws segment held significant market share in 2019 and is anticipated to expand at a considerable CAGR during the forecast period. The segmental growth is attributed to several benefits associated with locking screws over non-locking screws. For instance, the threads of locking screws are accurately angled so that once the screw is placed, they will not move or slip unless any additional force is applied.

Get Free Sample Report

Applications Segment Analysis

Based on applications, the clavicle plating system market has been divided into clavicle acute fractures, clavicle malunions, nonunions of the clavicle, and others. The clavicle acute fractures segment is projected to expand at highest CAGR during the forecast period.The high growth rate is attributed to the increasing prevalence of clavicle acute fractures in the U.S.

Clavicle fractures are divided into three types on the basis of location of fracture which includes fractures near the AC joint, near the sternum, and in the middle of the bone between the AC joint and sternum. The fractures in middle of the bone between the sternum and AC joint are commonly seen in the U.S. and are majorly contributing to the segmental growth.

Get Free Sample Report

Country Analysis

In terms of countries, the market has been segregated into the U.S. and Canada. The U.S. held considerable market share in 2019 and is anticipated to expand at a substantial CAGR during the forecast period.

The growth is attributed to the increasing number of road accidents & sports injuries and strong presence of market players in North America. For instance, companies such as DePuy Synthes, Zimmer Biomet, and Stryker are the key players in the U.S. that provides clavicle plating systems.

Get Free Sample Report

Key Benefits for Industry Participants & Stakeholders

• In-depth analysis of the North America clavicle plating system market
• Historical, current and projected market size in terms of value and volume (Thousand Units)
• Potential & niche segments and regions exhibiting promising growth covered
• Industry drivers, restraints and opportunities covered in the study
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Neutral perspective on North America clavicle plating system market performance