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Trauma Fixation Devices Market Size By Product (External Fixators {Unilateral & Bilateral, Circular, Hybrid}, Internal Fixator {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, Application Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI3745
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

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.
 

Post-surgery complications to act as a major restraint for trauma fixation devices market growth

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.
 

Rising need for durability to drive demand for internal fixators

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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.
 

Biocompatibility features to propel the adoption of titanium trauma fixation devices

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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.
 

Access to wide range of services to favor adoption of trauma fixation devices in orthopedic centers

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.
 

Rising bone diseases burden to fuel Europe trauma fixation devices industry forecasts

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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.
 

New product launches to boost trauma fixation devices industry

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.
 

Impact of the COVID-19 outbreak on the trauma fixation devices market outlook

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:

By Product

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

By Material

  • Stainless Steel
  • Titanium
  • Others

By Site

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

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: Rupali Swain, Subodh Kharad

Frequently Asked Questions (FAQ) :

Global market for trauma fixation devices was valued at more than USD 8 billion in 2022 and is expected to showcase a 4% CAGR through 2032, owing to the increasing prevalence of degenerative bone diseases.
The internal fixator segment is expected to surpass USD 6.5 billion through 2032, as these devices reduce the incidence of nonunion and malunion of the broken bones.
European market for trauma fixation devices is expected to surpass USD 2.4 billion by end of 2032, driven by the rising prevalence of bone diseases such as osteoarthritis and osteoporosis in the region.
Some prominent companies operating in the market include B Braun Melsungen AG, Acumed LLC, Bioretec LTD, Depuy Synthes (Johnson & Johnson), CONMED Corporation, Integra LifeSciences, Stryker Corporation, Smith & Nephew, and Zimmer Biomet Holdings Inc, among others.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 9
  • Tables & Figures: 599
  • Countries covered: 27
  • Pages: 295
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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