What is Rib Fracture Repair Systems Market?
The global Rib Fracture Repair Systems market is rising steadily, owing to increasing surgeon awareness of the benefits of Rib Fracture Repair Systems and a strong emphasis on patient safety. The increasing use of rib fracture repair systems in the treatment of blunt force trauma and chest trauma provides manufacturers with a significant competitive advantage. Vendors of rib fracture repair systems are concentrating on raising the efficiency of their manufacturing processes. These programs are designed to provide ongoing care to people who have sustained rib injuries. As a result, market players are focused on raising their research standards in the areas of fractures and body support materials.
The market study is being classified by Type (U Plate Rib Fracture Repair Systems and Anterior Plate Rib Fracture Repair Systems), by Application (Hospitals, Ambulatory Surgical Centers and Specialty Clinics) and major geographies with country level break-up.
SIG Medical (United States), DePuy Synthes (United States), Acumed, LLC (United States), Zimmer Biomet (United States) and Berkshire Hathaway (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Analyst at AMA have segmented the market study of Global Rib Fracture Repair Systems market by Type, Application and Region.
On the basis of geography, the market of Rib Fracture Repair Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- People Suffering from Low Bone Density and Osteoarthritis
- Growing Elderly Population
- Development of Biodegradable Rib Fracture System
- Growing Adaptations in Surgical Technology
- Advancement in the Field of Rib Fractures and Complication from the Key Manufacturer
- High Rate of Invasion associated with Rib Fracture Repair Systems
Market Leaders and some development strategies
In Sept 2019, Zimmer Biomet acquired SIG Medical, developer of the AdvantageRib® System, a minimally invasive fixation, stabilization and fusion system for rib fractures and osteotomies of normal and osteoporotic bone. Terms were not disclosed., and In Nov 2018, SIG Medical announced that the U.S. Food and Drug Administration (FDA) has granted 510(k) clearance for its AdvantageRib Anterior System, K182179. This product is the second rib fracture system that SIG Medical is commercializing. SIG Medical is now the market leader in offering the most comprehensive portfolio of rib fracture products that are revolutionizing traditional care which left patients immobilized and in pain for months
In Sept 2019, Zimmer Biomet is announcing the launch of the RibFix Advantage Intrathoracic Fixation System, the first and only FDA-cleared minimally invasive fixation, stabilization and fusion system for rib fractures and osteotomies of normal and osteoporotic bone. RibFix Advantage provides a novel alternative approach to treating rib fractures that uses an Intrathoracic plating system.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Rib Fracture Repair Systems Manufacturer, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, Research Organizations and End-Users
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