Titanium Elastic Nail Market Size, Share, Growth, and Industry Analysis, By Type (1 mm, 2 mm, 3 mm, 4 mm, 5 mm and Others), By Application (Femoral Intramedullary Nail, Tibial Intramedullary Nail, Gamma Intramedullary Nail and Humerus Bifurcate Intramedullary Nails) and Regional Forecast to 2032

Updated On: 26 August 2024

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TITANIUM ELASTIC NAIL MARKET REPORT OVERVIEW

global Titanium Elastic Nail Market size was USD 1.47 billion in 2023 & market to touch USD 1.57 billion in 2024 to USD 2.59 billion by 2032, CAGR of 6.5%. North America is dominating the titanium elastic nail market share in 2023.

The titanium elastic nail is a multi-bolster medical implant that is intended for the maintenance of diaphyseal fractures, especially in case such anatomic reality as the narrow canal is observed, or flexibility of the appliance is paramount. It is used in various settings, including diaphyseal fracture fixation as well as metaphyseal and epiphyseal fractures such as radial neck fracture. Also, it is applicable in the management of small bone injuries such as those of the carpal and tarsal areas. The TENS nail has specific elasticity that makes it easy to place within the bone without affecting the growth plate common in children thus minimizing the threat that the growth will be affected.

Some of the special attributes include a nail tip that can help in easy insertion and to move along the medullary canal hence assisting in reducing the fracture. The nail markings particularly provide a direct vision of the nail's tip to establish its position in the Medullary canal and to avoid showing on the image intensifiers. The end cap provides stability in the axial plane in conditions where stability is unpredictable and easy to remove the implant. The nails are made of either titanium alloy, which has favourable mechanical stability and elastic properties or stainless steel, preferable for higher mechanical standards. It is for this reason that the TENS nail system enhances stability and flexibility for improved application in cases of fracture fixation and right bone healing consistent with different clinical contexts.

COVID-19 Impact: Pandemic has resulted in delayed surgeries which restrained the market

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic has created much disruption in scheduling elective surgeries and has caused a substantial delay in fixing the implant. These delays have led to a reduced demand for TENS implants at the time the implantation is scheduled. However, it has also piled up a huge number of cases that remained untried due to the pandemic situation and will once again require attention. This backlog is expected to increase demand for TENS implants as healthcare facilities seek to deal with the backlog of surgeries that were postponed due to the pandemic. Therefore, the market for TENS implants is expected to attract a good number of players in the market in the post-pandemic period.

LATEST TRENDS

"Growing popularity of various minimally invasive techniques to fuel market expansion"

The trend towards less invasive surgical treatments is responsible for a considerable upsurge in the use of Titanium Elastic Nail (TENS) implants. These implants are particularly favored because of the possibility to deliver improved patient results where and when necessary such as shortened recovery period, minimal tissue injury and decreased risk. TENS implants enable the surgeon to fix the fracture in a simpler and less invasive meaning minimal damage to the tissues around the fracture site due to its small size, especially in pediatric and small fracture injuries. On the contrary, the biological flexibility and osteosynthesis stability in TENS implants enable adequate fracture fixation with enhanced rates of healing and reduced pain after surgery. This means that the medical profession more and more offers less invasive methods, which is equally evident in the ever-progressing continuation of TENS implants as an effective relief implant for patients, associated with a trend towards optimizing patient care, as well as enhancing patients ‘healing’ experiences.

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TITANIUM ELASTIC NAIL MARKET SEGMENTATION

• By Type

Based on type the global market can be categorized into 1 mm, 2 mm, 3 mm, 4 mm, 5 mm and Others.

1 mm: The 1 mm Titanium Elastic Nail, the smallest available diameter, is primarily utilized for smaller bone sizes and pediatric applications, where bone growth preservation is crucial. Commonly employed for fixing small long bones such as carpal and tarsal bones, its advantages lie in its flexibility and ease of insertion. However, its smaller diameter may limit its stability for larger or more complex fractures, notwithstanding its significant market share due to its versatility and widespread use.

2 mm: The 2 mm Titanium Elastic Nail strikes a balance between flexibility and stability, making it versatile for medium-sized long bones such as the femur and tibia and various trauma cases. While offering a good compromise, it may not be optimal for very small or large bones. However, the versatility and efficacy of the nail have rendered it the favourite among surgeons, hence the nail takes a huge market share.

3 mm: The Titanium Elastic Nail of 3 mm has a greater diameter that ensures a level of stability and strength when fixing greater long bones such as the humerus and radius and in case of complex trauma. Though its size can complicate insertion and cause more tissue damage, its effectiveness in complex procedures ensures it holds a significant market share.

4 mm: The 4 mm Titanium Elastic Nail, with its larger diameter, offers increased stability and strength, making it ideal for fixing larger long bones such as the femur and tibia and for complex trauma cases. While its size can complicate insertion and cause more tissue damage, its effectiveness in complex procedures ensures it holds a significant market share.

5 mm: The 5 mm Titanium Elastic Nail is the largest available diameter, offering maximum stability and strength. It's ideal for fixing large long bones, such as the humerus and radius, and for complex trauma cases. While providing excellent stability, its larger size can make insertion challenging and may cause significant tissue damage, resulting in a smaller market share despite its popularity for complex procedures.

Others: The ""Others"" category encompasses various diameters and types of Titanium Elastic Nails not previously specified. These nails offer flexibility and customization for unique procedures and specific bone sizes. Despite their advantages, this category is less widely available and not as extensively studied, resulting in a smaller market share due to its specialized nature and limited availability.

• By Application

Based on application the global market can be categorized into Femoral Intramedullary Nail, Tibial Intramedullary Nail, Gamma Intramedullary Nail and Humerus Bifurcate Intramedullary Nails.

Femoral Intramedullary Nail: They are designed specifically for femoral shaft fractures, however, their greatest leverage comes with their stability and flexibility. In chosen areas or cases, for instance, the narrow canal or where flexibility is needed, it results in bone healing with minimal complications. Nevertheless, it may not present a measure of a stable environment for more complex fracture circumstances hence the limitations are there. However, due to its application in femoral fracture surgery, it contributes significantly to the market share of the orthopaedic implant market.

Tibial Intramedullary Nail: The Tibial Intramedullary Nail is particularly designed to treat tibial shaft fractures and is a stable yet somewhat malleable symbol where it is helpful in surgeries where the canal is relatively slender or where there is a lot of requirement for flexibility. While it promotes bone regeneration and the minimisation of complications, it does not offer the firmness necessary to treat intricate breaks. However, its use has been applied, particularly in the fixation of tibial fractures for correcting deformities and maintaining alignment, which establishes its place in the overall market of orthopaedic implants.

Gamma Intramedullary Nail: The correction that is recommended as a nomination for Gamma bone shaft fractures is the Gamma Intramedullary Nail, which offers stability and flexibility in this category, mainly if the canal is narrow or where flexibility is receding in importance. As possessing good results in stimulating the process of ossification and preventing many of the postoperative complications, it can be ineffective in maintaining a stable immobilization for compound fractures. However, it experiences the control of a market share more or less by addressing a limited number of fractures in the broad prospect of the orthopaedic implant industry.

Humerus Bifurcate Intramedullary Nails: The Humerus Bifurcate Intramedullary Nail is a product precisely for readers who need humeral shaft fracture treatment emphasizing steric and flexibility. It does well with morbidities which are in narrow tunnels and where flexibility is a problem thus reducing botheration as well as times required to heal bones. But in instances where a lot of effort is needed to lessen the intensity of movement in a joint, then this approach may not be as effective. Thus, it holds a considerably smaller market share due to its recommendations for use only in specific types of fractures.

DRIVING FACTORS

"Rising awareness of the effectiveness and utility of implants to boost the market"

The enhancement of risk of infection prevention and better bone healing which features TENS implants as compared to the previous metal nails, are the significant factors that contribute to the increased awareness and usage of the same by both the healthcare professionals and patients. The clinical advantages of TENS implants are becoming more apparent amongst healthcare-related workers resulting in better acceptance and integration of TENS implants within procedures performed by medical doctors. At the same time, they increase their knowledge about the benefits of TENS implants and actively turn to them for orthopaedic treatments. Regarding the rationality of patients, they hear and understand that infection risks are reduced and bone healing is improved, which essentially drives them to ask their healthcare providers for TENS implants. The increasing awareness and appreciation of TENS implants are expected to drive their uptake even higher in the future, thus improving patients’ satisfaction, especially in orthopaedic procedures.

"Improvement in material science and technology development of manufacturing methods to expand the Market"

The Global Titanium Elastic Nail Market growth involves the use of materials and manufacturing processes that have improved over the years in terms of performance and reliability. This has resulted from new technologies that have been developed in the field of materials science hence the enhancement of Titanium alloys with better mechanical characteristics leading to better strength characteristics in TENS implants. Furthermore, several updates in manufacturing technology and material processing including computer-aided design and state-of-art 3D printing have led to a better design and fabrication of these implants for better fit and functionality and integration into the human body. These improved technologies not only have reinforced the stability, efficiency and durability of TENS implants but also have enhanced the surgical procedure, resulting in better patient outcomes and minimising the adverse effects. As a result, TENS implants’ surgical application has become promoted among both the surgeons and the patient clients, due to enhanced believability of imposed benefits, leading to widespread usage in the field of orthopaedic surgery.

RESTRAINING FACTORS

"Implanting of the nails involves several procedures that may be complicated thus limiting the market"

The process of inserting Titanium Elastic Nails (TENS) entails various techniques, which are complex and may require the right kind of training, therefore, limiting their application in various settings. TENS implantation is a complex addition to the surgical skill set used in nail insertion, fracture reduction and fixation among other intricate procedures that require more profound skills and experience among surgeons. However, the variety in types of fractures and individual anatomies of patients makes it imperative to observe each case as unique and therefore, difficult to develop a general approach for surgery. Furthermore, the application of such instruments as image intensifiers and others is quite complicated due to which the surgical team needs to be familiar with such tools and correctly apply them. The high level of difficulty, as well as the necessity of professional training to implant TENS, may pose challenges to both the surgeons and healthcare facilities, thereby slowing the spread and adaptability of the technology. Therefore, providing enough and more appropriate training and informed material that could help orthopaedic practitioners overcome the above challenges is the way forward to enhance the use of TENS implants.

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TITANIUM ELASTIC NAIL MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America has a well-developed healthcare industry that creates favourable conditions for the market"

North America has a well-developed healthcare system and the incorporation of new technologies for the global Titanium Elastic Nail Market share. Contemporary medical facilities are well developed in the region, which encompasses advanced hospitals, clinics and research centres to deal with the challenges related to TENS implantation surgery. Modern diagnostic tools, adequately trained healthcare practitioners and effective training and education initiatives support the successful implantation of TENS implants across such countries in the continent. Furthermore, good regulation in the region guarantees high compounding of safety measures among the subcranial implants thereby improving the confidence of the surgeons and the patients in the efficiency of the TENS implants. Therefore, North America remains an ideal market for promoting innovations in medical technologies and expanding the application of novel technologies within the orthopaedic segment to increase the efficiency of orthopaedic treatments and patients’ quality of life.

KEY INDUSTRY PLAYERS

"Key industry players are influencing the market through new technologies"

As the need for Titanium Elastic Nails (TENS) rises, the key players in the market are working on new product offers that will contain new and more convenient features that would match the new and more complex surgical requirements. These innovations are directed towards the quite important aspects of further improvement of the TENS implants’ flexibility and stability, some difficulties being met during orthopaedic operations. The latest finding in material sciences and engineering is being utilized to create implants with enhanced mechanical strength to afford the best performance with long sturdiness. Moreover, innovations in design and manufacturing technologies allow the fabrication of implants with complex structures and properties that conform to the patient’s anatomy or the intended application. The leaders of this industry know how to continuously innovate and not only meet the growing demands for TENS implants but contribute to the constant progression of the next possible orthopaedic surgery procedures and outcomes as well as patient satisfaction.

LIST OF MARKET PLAYERS PROFILED

• Siora Surgicals (India)
• Dolphin Surgicals (India)
• H. Pitkar Orthotools Pvt. Ltd. (India)
• Auxein Medical (India)
• GPC Medical Ltd. (India)
• Capsur Enterprises (India)
• Madura Orthosurge Pvt. Ltd. (India)
• Yogeshwar Implants (India)
• Sky Surgicals (India)
• Narang Medical Limited (India)
• Assure Enterprises (India)
• Ortho Max Manufacturing Company Pvt. Ltd. (India)
• Uteshiya Medicare (India)
• Changzhou Meditech Technology Co., Ltd. (China)
• Double Medical (China)
• ASCO Medical (China)

INDUSTRIAL DEVELOPMENT

March 2024: Double Medical advances global medical technology and cooperation, concluding the 1.5-day International Trauma Course at Peking University Third Hospital. This event, held in Beijing and co-organized with Double Medical Institute, featured 13 experts from six countries, including Russia, South Africa, Thailand, Bulgaria, and Chile. The course focused on cutting-edge trauma medicine innovations and promoting international cooperation and exchange in the field.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.