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Trauma Fixation Devices Market size was valued at more than USD 8 billion in 2022 and is expected to showcase a 4% CAGR through 2032. Increasing incidence of injuries from road accidents will foster the industry growth.
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As per the World Health Organization (WHO), approximately 1.25 million fatalities occur due to road traffic accidents and crashes per year. An additional 20 to 50 million people suffer from non-fatal injuries, including physically disabilities. These statistics showcase that road traffic accidents are one of the leading causes of death and disability across the globe. Hence, the rising number of road accidents and injuries will act as a key driver of trauma fixation devices demand.
Report Coverage | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 8.29 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4% |
2032 Value Projection: | USD 12.32 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 295 |
Tables, Charts & Figures: | 599 |
Segments covered: | Product, Material, Site, and End-use |
Growth Drivers: |
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Pitfalls & Challenges: |
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The increasing burden of complications in post-surgery scenarios may impede the demand for trauma fixation devices. In some cases, these complications require further surgical procedures for malunion, non-union, wound-healing, posttraumatic arthritis, and infection. In case of tibial plafond complications, for example, autogenous bone grafting, bone transport, ankle arthrodesis and/or realignment osteotomies are required for post-operative management. Thus, the high risk involved with these post-surgery instances is anticipated to hinder the adoption of trauma fixation devices in the upcoming period.
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Trauma fixation devices market from internal fixator segment is expected to surpass USD 6.5 billion through 2032. The patient preference for internal fixators is rising, owing to their better procedural outcomes. They allow rapid patient recovery, shorter hospital stays, and reduce the incidence of nonunion and malunion of the broken bones. In addition, internal fixation implants are usually made from titanium and stainless steel, which are known to be strong and durable. They are compatible with the body and rarely cause an allergic reaction.
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The titanium segment held more than 36.5% of the trauma fixation devices market share in 2022. The increasing segmental growth is owing to the various biomechanical applications associated with titanium, as it is widely used as hard tissue replacements in artificial bone, joints, and implants. Titanium implants are presently gaining importance due to their excellent biocompatibility. Furthermore, characteristics of titanium such as elasticity and corrosion resistance of lower modulus will further augment the market statistics.
The trauma fixation devices market share from orthopedic centers is expected to witness more than 4.5% CAGR through 2032. Growing number of knee surgeries and hip replacements in orthopedic centers is expected to positively influence the business outlook. Several orthopedic surgical procedures, such as, joint pain, trauma & sports injuries, osteoarthritis, rheumatoid arthritis, and conditions of the upper & lower extremities are treated at orthopedic centers. Additionally, these centers provide state-of-the-art facilities to address the injury, thus increasing patient preference.
Europe trauma fixation devices market is expected to surpass USD 2.4 billion by 2032. Growing geriatric population and rising prevalence of degenerative bone diseases such as arthritis and osteoporosis will boost market expansion in the region. Osteoarthritis, which is considered as one of the most common types of arthritis as per the CDC, affects more than 40 million people across the continent. The disease is also the fastest growing cause of disability across the globe. With rising life expectancy, and increasing levels of obesity across Europe, the degenerative bone disease burden is likely to rise, thereby channelling the demand for trauma fixation devices. U.S. trauma fixation devices industry is likely to exhibit over 2.5% CAGR from 2023-2032.
Acumed LLC, B Braun Melsungen AG, Bioretec LTD, CONMED Corporation, Depuy Synthes (Johnson & Johnson), Integra LifeSciences, Smith & Nephew, Stryker Corporation, and Zimmer Biomet Holdings Inc can be accounted as the leading trauma fixation device manufacturers operating in the global market. These companies are opting for various business strategies to enhance their market presence.
The COVID-19 pandemic severely impacted global economies with all the sectors observing a significant slump in 2020. The healthcare sector was one of the most severely impacted, owing to tremendous pressure to contain the spread of the infection. Various non-essential surgical procedures were halted. As trauma fixation procedures are noted to be non-essential, these surgical procedures were suspended and postponed indefinitely during pandemic. Thus, low demand was observed for trauma fixation devices amidst the initial months of the global health crisis.
The trauma fixation devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments: Click here to Buy Section of this Report
By Product
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