Trauma Fixation Devices Market Size By Product {External Fixators (Unilateral & Bilateral Fixators, Circular Fixators, Hybrid Fixators), Internal Fixators (Plates, Screws, Nails)}, By Material (Stainless Steel, Titanium), By Site {Lower Extremities (Hip & Pelvic, Lower Leg, Knee, Foot & Ankle, Thigh), Upper Extremities (Hand & Wrist, Shoulder, Elbow, Arm)}, By End-use (Hospitals, Ambulatory Surgical Centers, Orthopedic Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Jul 2019  |  Report ID: GMI3745  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 180   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Trauma Fixation Devices Market size was valued at 7.2 USD billion in 2018 and is expected to witness over 4% CAGR from 2019 to 2025.
 

Trauma Fixation Devices Market Overview

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Increasing incidence of road accidents is estimated to propel the market growth. As per the World Health Organization (WHO), approximately 1.25 million people die annually due to road traffic accidents and crashes. An additional 20-50 million are injured or physically disabled. Road traffic accidents are considered as one of the leading causes of death and disability. Hence, rising number of road accidents and injuries will act as high impact rendering factor for boosting demand for trauma fixation devices.
 

Trauma fixation devices has undergone revolutionary changes in terms of technology and user friendliness. The demand for these devices is increasing as a result of technological advancements. Technologically advanced products such as drug eluting implants, bioresorbable implants and nano-coated devices have significantly drive the market expansion.
 

However, lack of trained professionals to operate technologically complex devices will obstruct the trauma fixation devices market revenue. The novel trauma fixation devices come along with complex technical procedures that require skilled professionals to operate. Most of the developing and underdeveloped economies are facing shortage of such experts, that will hamper the industry progression to certain extent over the coming years.
 

The COVID-19 pandemic has severely impacted the global economies with all the sectors witnessing a significant amount of dip during 2020. The healthcare sector was one of the most severely impacted sectors as the pandemic put a tremendous pressure on the healthcare systems to contain the spread of infection. The system underwent significant restructuring and many of the surgeries and treatment procedures were put on hold or delayed due to the non-essential nature of the procedures.
 

However, comparatively, the trauma fixation devices market was not significantly impacted as the devices are generally used in emergency rooms. These devices are used to treat various orthopedic conditions such as fracture and trauma, among others that require immediate medical attention. With majority of the population staying indoors, the number of trauma instances due to fall increased, that was neutralized by the decrease in number of road accident related injuries. Thus, the number of emergency room visits due to trauma or fractures remained virtually unaffected. This in turn had a significantly lower impact on the demand for trauma fixation devices among the hospitals, thereby leading to a stable growth during the pandemic. Although, a few major players witnessed a slight dip in the revenues, the overall market remained majorly unaffected and is estimated to witness stable growth across the forecast timeframe.
 

By Product

Trauma Fixation Devices Market Size

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External segment is anticipated to register growth of around 5.3% through 2025 led by increasing usage of external trauma fixation devices, rising incidence of bone related injuries that needs alignment and support for appropriate fixation and rising technological advancements in such devices.
 

Internal fixators accounted for USD 4.2 billion in 2018 propelled by high demand for internal trauma fixators is attributed to its cost effectiveness and anatomical compatibility, thereby fuelling the product demand and overall market value.
 

By Material

Stainless steel segment captured 50% of the trauma fixation devices market share in 2018. Stainless steel is one of the frequently used biomaterials in internal fixation implants because of its favourable combination of mechanical properties, cost effectiveness and corrosion resistance in comparison to other biomaterials. Moreover, countries with low income mostly prefer usage of stainless-steel owing to its cost effectiveness, thus enhancing the segment growth.
 

Titanium as a biomaterial is predicted to expand at a CAGR of more than 5.1% by 2025 impelled by its various biomechanical applications. Titanium implants are presently gaining importance in various developed economies due to its excellent biocompatibility. In addition, lower modulus of elasticity and corrosion resistance characteristics of titanium will further augment the segment expansion.
 

By Site

Lower extremities segment exceeded USD 4.3 billion in 2018. Bone degenerative diseases such as, osteoporosis, arthritis and others that cause friction between the joints and ultimately reduces bone strength leading to rapid injuries will drive lower extremities market during the forecast period.
 

Upper extremities segment held around 40% of the market share in 2018 driven by increasing incidence of injuries and rising number of baby boomers. The growing prevalence of orthopaedic diseases will further boost the market demand.
 

By End-use

Orthopaedic centers for trauma fixation procedures is poised to expand at more than 5.3% CAGR through 2025 on account of increasing number of orthopaedic centers in developed regions such as Europe and North America. People prefer orthopaedic centers over any other settings for orthopaedic procedures owing to availability of state-of-the-art facilities to address the injury.
 

Hospitals segment accounted for more than 35% of the market share in 2018 led by growing incidence of injuries related to sports and hike in number of road accidents. Increasing number of multispecialty hospitals with an aim to provide appropriate treatments for trauma injuries, mostly in the developing countries including India will foster the industry expansion. Additionally, cost effective treatments provided by various government hospitals in low income countries will act as major growth stimulating factor.
 

By Region

Europe Trauma Fixation Devices Market

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U.S. trauma fixation devices market size was over USD 4 billion in 2018. Presence of major industry players such as Stryker Corporation, Johnson and Johnson will significantly drive the U.S. market. Furthermore, rising prevalence of orthopedic diseases including osteoporosis and rheumatoid arthritis will show a positive growth trajectory over the forecast period. As per the National osteoporosis foundation, approximately 44 million Americans have low bone density and around 10 million Americans suffer from osteoporosis, thereby surging the regional growth.
 

Japan market is set to grow at a CAGR of 6.6% by 2025 owing to rising geriatric population base prone to physical injury and other degenerative orthopedic diseases. The increasing technological advancements in trauma fixation devices will further spur the market progression during the forecast timeframe.
 

Competitive Market Share

Few of the notable companies operating in the market are Acumed LLC, Depuy Synthes (Johnson & Johnson), Integra LifeSciences, Smith & Nephew, Stryker Corporation, Wright Medical Group N.V., Zimmer Biomet Holdings Inc, Conmed Corporation, Bioretec Ltd., and B. Braun Melsungen AG. These industry leaders implemented various strategies such as mergers and acquisitions, collaborations, new product launch, etc. in order to capture high revenue share in the market.
 

Industry Background

Trauma fixation devices market is estimated to experience robust growth during the forecast timeline. These devices have observed huge revolution in terms of technological advancements and user efficiency. Introduction of bio-absorbable implants in orthopaedics have revolutionized the concept of trauma fixation. The development of advance products such as bioactive coatings for orthopaedic implants, nano coated devices and others in trauma fixation industry have augmented the industry growth. Major industry participants such as Depuy Synthes (Johnson & Johnson) and Stryker have strong dominance over the trauma fixation market. Other players including Smith & Nephew and Zimmer Biomet Holdings Inc. also embrace significant shares in the market.
 

Trauma fixation devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

Market by Product, 2014 – 2025 (USD Million)

  • External fixators
    • Unilateral and bilateral
    • Circular
    • Hybrid
  • Internal fixators
    • Plates
    • Screws
    • Nails
    • Others
  • Others

Market by Material, 2014 – 2025 (USD Million)

  • Stainless steel
  • Titanium
  • Others

Market by Site, 2014 – 2025 (USD Million)

  • Lower extremities
    • Hip and pelvic
    • Lower leg
    • Knee
    • Foot & ankle
    • Thigh
  • Upper extremities
    • Hand & wrist
    • Shoulder
    • Elbow
    • Arm

Market by End-use, 2014 – 2025 (USD Million)

  • Hospitals
  • Ambulatory surgical centers
  • Orthopedic centers
  • Others

The above information is provided for the following regions/countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Belgium
    • Czech Republic
    • Denmark
    • Greece
    • Romania
    • Sweden
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Iran
    • Kuwait
    • Turkey

 

Frequently Asked Questions (FAQ) :

The market size of trauma fixation devices exceeded 7.2 USD billion in 2018.
The industry share of trauma fixation devices will grow at 4% CAGR from 2019 to 2025.
Cost effectiveness and anatomical compatibility of internal trauma fixators is likely to accelerate the market growth.
Escalating instances of road mishaps and injuries, along with advancements in technology and user-friendliness will contribute towards trauma fixation devices demand expansion.
Prevalence of prominent industry participants alongside burgeoning instances of orthopedic ailments such as rheumatoid arthritis and osteoporosis will present lucrative business growth opportunities for US trauma fixation device manufacturers.

Premium Report Details

  • Published Date: Jul 2019
  • Pages: 180
  • Tables: 586
  • Charts / Figures: 9
  • Companies covered: 10
  • Countries covered: 27

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