U.S. 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, Zonal Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Industry trends

U.S. Trauma Fixation Devices Market size surpassed USD 4.5 billion in 2019 and is estimated to grow at over 3.1% CAGR between 2020 and 2026. Rising demand for trauma fixation devices in hospital department as well as in outpatient surgery will drive the market revenue.
 

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Growing prevalence of degenerative bone diseases will positively influence the U.S. trauma fixation devices market growth. Degenerative bone disease is a common wear and tear disease that result in inflammation and structural joint damage. For instance, according to the Centers of Disease Control and Prevention (CDC), more than 50% of U.S. adults aged 65 years and above are affected by degenerative bone disease. The CDC also estimated that nearly 78 million (26%) of U.S. adults aged 18 years or older are projected to have doctor-diagnosed arthritis by 2040. This indicates that there will huge number of patient pool suffering from bone disease. Such high prevalence of the disease will increase the product demand.
 

The COVID-19 pandemic has disrupted the spectrum of orthopaedic practices, as the screening programs and services have decreased or suspended to a certain extent. For instance, the American Orthopaedic Association have recommended to defer all non-emergency procedures including chronic arthritic procedures. This has led to reduction in the number of patients presenting to the emergency department (ED) with congenital and acquired bone disorders. Thus, the unprecedented effect of COVID-19 is expected to slightly have a negative impact on the trauma fixation devices market demand in the U.S.
 

Rise in number of crashes and injury cases will spur the U.S. trauma fixation devices market revenue

Road traffic injuries and osteoarthritis are considered as a critical and significant public health issue in the U.S. There has been a noticeable rise in the number deaths to road traffic crashes and accidents. For instance, according to the World Health Organisation report, more than 38,000 people die every year due to crashes on U.S. roads. The report also stated that, nearly 4.4 million are injured and seek for immediate medical attention. This have led to a surge in demand for trauma fixation devices.
 

Post-operative complication may hamper the trauma fixation devices market growth in the U.S

Increasing complications associated with trauma fixation devices will negatively impact the market size. The most common complications include venous thrombosis, cellulitis, and wound infections. For instance, the postoperative complications such as chronic inflammation and thermal sensitivity complications occurs at a rate of 3% to 7% after the surgery. Thus, widespread use has brought about a series of unique complications that may hamper the market demand.
 

Benefits associated with internal fixator devices will fuel the segment growth

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The internal fixator segment dominated the U.S. trauma fixation devices market share of 57.2% in 2019. Internal trauma fixation is achieved using cannulated screws, intramedullary nails, hip screws, cables, wires, pins, and plates. These devices offer certain benefits such as relieving pain and significant & early functionality for patients. Furthermore, the internal fixator devices offer immobilization at the fracture site and allow the primary bone healing by forming callus.
 

Stainless steel is one of the frequently used biomaterials due to its biomechanical properties and cost effectiveness

The stainless-steel segment valuation was about USD 2.4 billion in 2019 owing to its high-stiffness, strength, biological toleration, and overall reliable function. Stainless-steel provide a relatively predictable clinical outcome and offer similar success for fulfilling the main biomechanical and biological requirements of fracture fixation. This will increase the trauma fixation devices market demand and significantly uptake the segment share. Furthermore, physicians prefer stainless steel on account of its cost effectiveness.
 

Increasing prevalence of bone degenerative diseases in lower extremities

The lower extremities segment revenue in the U.S. trauma fixation devices market was around USD 2.6 billion in 2019 led by rising incidence of sport injuries and bone-related disorders such as osteonecrosis, osteoporosis, and fractures. The degenerative bone may cause frictions between the joints that will further reduce the bone strength leading to rapid injuries. Thus, increasing prevalence of the degenerative bone disease will drive the lower extremities segment growth.
 

Cost effective treatments provided by various government hospitals will act as major growth augmenting factor

Hospitals segment held more than 34.1% U.S. trauma fixation devices market share in 2019. Increasing number of multispecialty hospitals with an aim to provide appropriate treatments for trauma injuries will propel the industry revenue share. Additionally, cost effective treatments provided by various government hospitals in U.S. will act as major growth augmenting factor. Furthermore, growing technological advancements in trauma fixation devices and increase in hospital admissions for surgeries and treatments will further stimulate the segment size.
 

High geriatric population and rise in number of accidents in North Eastern states

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North East zone of U.S. trauma fixation devices market accounted for USD 754.3 million in 2019 and is poised to show significant growth of 3.6% through 2026. High growth rate is owing to increasing geriatric population base that are more susceptible to various bone diseases such as rheumatoid arthritis and osteoporosis.
 

For instance, according to the Population Reference Bureau, around 3.1 million (16.4%) people of New York were aged above 60 years in 2019. Additionally, around 160,820 individuals met with the accidents in New York. Thus, high geriatric population, indicating various bone related illness or conditions, and rise in number of accidents will spur the product demand.
 

Adoption of various business strategies will provide new growth avenues for companies operating in the market

Notable players operating in the U.S. trauma fixation devices market include Accumed, B. Braun Melsungen, Stryker Corporation, Zimmer Biomet, Depuy Synthes and Wright Medical group. Geographical expansion, product launch & approval and partnerships are the most adopted business strategies to sustain market competition.
 

Some of the recent industry developments:

• January 2020, Nextremity Solutions, Inc received clearance by U.S. FDA for its Tarsometatarsal Joint (TMT) device. The device is intended to help provide stability to the midfoot and restore the anatomical arch of the patient’s foot. This strategy is expected to add value to their existing product portfolio.
   
• In September 2019, Zimmer Biomet acquired SIG Medical, a developer of the AdvantageRib system based out of U.S. The system is a minimally invasive fixation device that stabilizes rib fractures and osteotomies bone. This strategy has helped company to expand their assisting technology portfolio.
   

The U.S. trauma fixation devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:
 

Market, By Product

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

Market, By Material

• Stainless steel
• Titanium
• Others

Market, By Site

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

Market, By End-use

• Hospitals
• Ambulatory surgical centers
• Orthopedic centers
• Others

The above information is provided for the following zones and states:

• East North Central
  • Illinois
  • Indiana
  • Michigan
  • Ohio
  • Wisconsin

• West South Central
  • Arkansas
  • Louisiana
  • Oklahoma
  • Texas
• South Atlantic
  • Delaware
  • Florida
  • Georgia
  • Maryland
  • North Carolina
  • South Carolina
  • Virginia
  • West Virginia
  • Washington D.C.

• North East
  • Connecticut
  • Maine
  • Massachusetts
  • New Hampshire
  • Rhode Island
  • Vermont
  • New Jersey
  • New York
  • Pennsylvania
• East South Central
  • Alabama
  • Kentucky
  • Mississippi
  • Tennessee
• West North Central
  • Iowa
  • Kansas
  • Minnesota
  • Missouri
  • Nebraska
  • North Dakota
  • South Dakota
• Pacific Central
  • Alaska
  • California
  • Hawaii
  • Oregon
  • Washington
• Mountain States
  • Arizona
  • Colorado
  • Utah
  • Nevada
  • New Mexico
  • Idaho
  • Montana
  • Wyoming