Trauma Fixation Device Market worth over $9.5bn by 2025

Trauma Fixation Device Market size is set to surpass 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 market growth during the forecast 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 coming years.

 

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Rising number of sports injuries will stimulate the market expansion during the forecast period. 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 influence over the coming years.
 

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

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

U.S. trauma fixation devices market, by product

 

 

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Internal fixators segment accounted for USD 4.2 billion in 2018 led by high patient preference towards internal fixators owing to its better procedural outcome. Additionally, various market players are focusing on development of biocompatible devices, thereby leading to the segment growth.
 

Titanium segment is expected to showcase around 5.1% growth rate through 2025 on account of 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 the significant market progression.
 

Browse key industry insights spread across 180 pages with 586 market data tables & 9 figures & charts from the report, “Trauma Fixation Device 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, 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
 

Lower extremities segment is poised 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 the industry expansion. According to the International Osteoporosis Foundation, nearly 90% of hip fractures occur due to falls. In addition, rising prevalence of osteoporosis will further lead to high number of injuries in lower extremities, thus augmenting the market demand.
 

Orthopedic centers will expand at 5.3% CAGR till 2025. Rising number of orthopedic clinics to meet the growing patient needs will lead to the industry progression. Also, presence of skilled healthcare personnel and advanced facilities in such settings encourage people to prefer orthopedic centers over other healthcare settings, thereby fostering the segment revenue.
 

U.S. trauma fixation device market size was USD 4 billion in 2018. Rising prevalence of degenerative bone diseases such as arthritis and osteoporosis will fuel the market growth. Also, increasing number of sports-related injuries will significantly drive the regional growth. Additionally, favorable reimbursement scenario and presence of well-established healthcare infrastructure will enhance the market revenue in the coming years.
 

China market is estimated to attain a CAGR of over at 8.2% through 2025 impelled by 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 the regional expansion over the forecast period.
 

Few of the major industry competitors involved in the market are Wright Medical Group N.V., Smith & Nephew, Johnson & Johnson, Integra LifeSciences, Stryker Corporation, and Zimmer Biomet Holdings Inc. 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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