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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), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI3745
  • Base Year: 2020
  • Report Format: PDF

Industry Trends

Trauma Fixation Devices Market Size valued at USD 6.9 billion in 2020 and is expected to grow at a CAGR of over 4.2% from 2021 to 2027. Owing to the growing demand for trauma fixation devices, companies are developing technologically advanced products to cater to the increasing demand as well as to gain market share. Technologically advanced products such as drug eluting implants, bioresorbable implants and nano-coated devices have significantly driven the trauma fixation devices among surgical centers and hospitals. Trauma fixation devices have undergone revolutionary changes in terms of technology and user friendliness, thereby augmenting the market growth.
 

Trauma Fixation Devices Market Overview

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The COVID-19 pandemic has severely impacted the global economies with all the sectors witnessing a significant slump 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. Due to the non-essential nature of trauma fixation procedures, many treatments and surgical procedures were noted to be suspended or postponed indefinitely during pandemic. Thus, low demand was observed for trauma fixation devices amidst the initial months of pandemic, thereby hampering the industry growth.
 

Increasing incidence of road accidents globally will boost the market expansion

Growing incidence of road accidents is estimated to propel the trauma fixation devices market progression. As per the World Health Organization (WHO), approximately 1.25 million fatalities are observed annually due to road traffic accidents and crashes. An additional 20-50 million people suffer from non-fatal injuries, with many incurring physically disabilities. Thus, road traffic accidents are considered as one of the leading causes of death and disability across the globe.
 

Lack of skilled professionals may slow the market value

Trauma fixation devices are used for complex surgical procedures. Moreover, handling the latest technologically advanced products requires skilled professionals. However, the lack of trained professionals to operate advanced trauma fixation devices is anticipated to cause hindrance in the industry expansion. Furthermore, the novel trauma fixation devices are associated with complex surgical procedures requiring skilled healthcare professionals to operate, thus hampering the industry progression. With majority of the underdeveloped and developing economies lacking the adequate human and infrastructural resources, it is predicted to hamper the industry demand to certain extent over the coming years.
 

Internal fixators are projected to dominate throughout the forecast period

Trauma Fixation Devices Market Size

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Internal trauma fixation devices segment will dominate more than 50% of the market share by 2027 on account of the high patient preference towards internal fixators owing to its better procedural outcome. Additionally, internal fixators allow rapid recovery and shorter hospital stays, thereby influencing the market demand. In addition, internal fixators also reduce the chances of improper healing of broken bones, thereby fostering the industry value. Various players are focusing on development of biocompatible devices, thereby leading to the market revenue.
 

Advantages of stainless steel will impel the segment growth

Stainless steel segment accounted for 53% of revenue share in 2020. Stainless steel is one of the important materials used in the fabrication of internal fixation implants due to its quality such as high corrosion resistance under oxygen-rich environment as compared to other biomaterials. In addition, it is also cost effective in nature, further contributing to the material’s high adoption. Furthermore, countries with low income or limited insurance coverage mostly prefer usage of stainless-steel attributed to its cost-effective nature, thereby contributing to the segment expansion.
 

Growing prevalence of degenerative bone disease to spur the market growth

Lower extremities segment crossed USD 4.1 billion in 2020. Bone degenerative diseases such as osteoporosis, arthritis and others that cause friction between the joints and ultimately reduces bone strength leading to rapid injuries.
 

Rapid and cost-effective result will foster the trauma fixation devices market in hospitals

Hospitals for trauma fixation procedures is poised to showcase 3.2% growth rate through 2027 led by the growing incidence of injuries related to sports and hike in number of road accidents. Moreover, increasing number of multispecialty hospitals with an aim to provide appropriate treatments for trauma injuries, mostly in the developing countries including India will propel the industry revenue. Additionally, cost effective treatments provided by various government hospitals in low-income countries will act as major market expansion fuelling factor.
 

Presence of key players in North America region to stimulate the market progression

North America Trauma Fixation Devices Market

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North America trauma fixation devices market size was USD 4 billion in 2020. Presence of major market leaders such as Stryker Corporation, Johnson and Johnson will significantly drive the North America market. Moreover, rising prevalence of orthopedic diseases including osteoporosis and rheumatoid arthritis will show a positive growth trajectory of trauma fixation devices. As arthritis is the leading cause of disability among the population, it increases the demand for trauma fixation devices in the countries of North America.
 

Growth strategies of market players are focused on increasing the customer base

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

The trauma fixation devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

Market, By Product

  • External Fixators
    • Unilateral and Bilateral
    • Circular
    • Hybrid
  • Internal Fixators
    • Plates
    • Screws
    • Nails
    • Others
  • Others

Market, By Material

  • Stainless Steel
  • Titanium
  • Others

Market, By Site

  • Lower Extremities
    • Hip and Pelvic
    • Lower Leg
    • Knee
    • Foot & Ankle
    • Thigh
  • Upper Extremities
    • Hand and Wrist
    • Shoulder
    • Elbow
    • Arm

Market, By End-use

  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic Centers
  • Others

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

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

 

Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

Market size of trauma fixation devices was USD 6.9 billion in 2020 and is anticipated to expand at a CAGR of 4.2% between 2021 and 2027 driven by the surging demand for trauma fixation devices.

Internal trauma fixation devices will account for 50% of the overall market share through 2027 owing to increasing patient preference for internal fixators as they provide better procedural outcomes.

The stainless steel recorded around 53% of the revenue share in 2020 and will grow as it has high corrosion resistance under oxygen-rich environment.

North America market was valued at USD 4 billion in 2020 and will expand with rising prevalence of orthopedic diseases such as rheumatoid arthritis and osteoporosis.

Major companies in the industry include Smith & Nephew, Acumed LLC, Stryker Corporation, Bioretec Ltd., Conmed Corporation, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., and others.

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Premium Report Details

  • Published Date: Dec 2021
  • Companies covered: 9
  • Tables & Figures: 601
  • Countries covered: 28
  • Pages: 180

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