Trauma Fixation Devices Market size to exceed $9.5 Bn by 2025

Trauma Fixation Devices Market size is set to exceed USD 9.5 billion by 2025; according to a new research study published by Global Market Insights, Inc.
 

Growing prevalence of bone degenerative disorders such as osteoporosis and rheumatoid arthritis leading bone injuries will boost the trauma fixation devices market growth during the projected timeframe. For instance, as per the International Osteoporosis Foundation estimates, by 2050, about 4.5 million hip fractures will occur across the globe. Furthermore, increasing number of hip fractures will lead to high adoption of trauma fixation devices in the upcoming years.

 

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Growing number of sports injuries will stimulate the trauma fixation devices market growth in the future. As per the National Safety Council estimates, more than 3.5 million sports injuries occurred in 2017 in the U.S. Nearly 20% of sports injuries occur due to fractures. With increasing rate of fractures, the demand for trauma fixation devices will spur during the future years.
 

U.S. trauma fixation devices market, by product, 2018 & 2025 (USD Million)
Trauma Fixation Devices Market

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However, lack of skilled professionals in developing countries will hinder the Fmarket growth in the upcoming period. Moreover, side effects such as post-surgery complications and internal infections will further hamper industry growth.
 

Browse key industry insights spread across 180 pages with 586 market data tables & 9 figures & charts from the report, “Trauma Fixation Devices Market Size By Product (External Fixators {Unilateral & Bilateral, Circular, Hybrid}, 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 (U.S., Canada, Germany, UK, France, Spain, Italy, Belgium, Czech Republic, Denmark, Greece, Romania, Sweden, China, Japan, India, South Korea, Thailand, Argentina, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Iran, Kuwait, Turkey), Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:  
https://www.gminsights.com/industry-analysis/trauma-fixation-devices-market     
 

Internal fixators market accounted for USD 4.2 billion in 2018 and is expected to dominate the market across the forecast timeframe. High patient preference towards internal fixators due to its better procedural outcome is one of the major reasons for internal fixators market growth. Additionally, various market players are focusing on development of biocompatible devices, thereby leading to the segmental growth.
 

Titanium trauma fixation devices market is expected to show considerable growth at 5.1% CAGR during the projected timeframe. High growth rate is attributable to various advantages associated with titanium such as high biocompatibility and corrosion resistance as compared to other materials. Also, less post-operative complications of titanium fixation devices will lead to significant market growth in the future.
 

Lower extremities segment is forecasted to reach USD 5.5 billion by 2025. Increasing geriatric population coupled with growing injuries in lower extremities are few of the major reasons for industry growth. According to the International Osteoporosis Foundation, nearly 90% of hip fractures occur due to falls. Additionally, increasing prevalence of osteoporosis will further lead to high number of injuries in lower extremities, thus augmenting market growth.
 

Orthopedic centers market will expand at 5.3% CAGR during the forecast timeframe. Growing number of orthopedic clinics to meet the growing patient needs will lead to market growth. Also, presence of skilled healthcare personnel and advanced facilities in such settings encourage people to prefer orthopedic centers over other healthcare settings, thereby boosting the segment growth in the foreseeable future.
 

U.S. trauma fixation devices market accounted for USD 4.0 billion market size in 2018. Rising prevalence of degenerative bone diseases such as arthritis and osteoporosis will boost market growth. Also, increasing number of sports-related injuries will significantly drive the U.S. trauma fixation market. Additionally, favorable reimbursement scenario and presence of well-established healthcare infrastructure will fortify market growth in the future.
 

China trauma fixation devices market is forecasted to expand at 8.2% CAGR during the forecast timeframe owing to high prevalence of osteoporosis in the country. For instance, about 70 million people in China are affected by osteoporosis. Also, as per the International Osteoporosis Foundation estimates, China will spend about USD 12.5 billion for hip fracture treatment by 2020. Thus, growing prevalence of degenerative bone disorders and rising expenditure on bone disorders will spur China trauma fixation devices industry growth over the forecast period.
 

Few of the major industry competitors involved in the global trauma fixation devices market are Wright Medical Group N.V., Smith & Nephew, Johnson & Johnson, Integra LifeSciences, Stryker Corporation, and Zimmer Biomet Holdings Inc. among the other industry players. The industry participants emphasize on mergers & acquisitions as well as novel product developments to strengthen their position in the market and gain larger revenue share.     
 

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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:
 

Trauma Fixation Devices Market by Product, 2014 – 2025 (USD Million)

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

Trauma Fixation Devices Industry by Material, 2014 – 2025 (USD Million)

  • Stainless steel
  • Titanium
  • Others

Trauma Fixation Devices 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

Trauma Fixation Devices Industry 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

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