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Trauma Fixation Devices Market worth over $9.2bn by 2027

  • Published Date: January 4, 2022

Trauma Fixation Devices Market size is set to surpass USD 9.2 billion by 2027, according to a new research report by Global Market Insights Inc.
 

The trauma fixation devices market growth is attributed to the increasing proportion of geriatric population and technological advancement in trauma fixation devices. Moreover, growing number of sports injuries will stimulate the market expansion in the coming years Further, pediatric population is anticipated to be at greater risk due to less bone density and strength.
 

Increasing geriatric population will drive the market progression

Rising rate of geriatric population is one of the major reasons in the increasing demand of trauma fixation devices. Growing prevalence of bone degenerative disorders such as osteoporosis and rheumatoid arthritis in the rising geriatric population is expected to boost the demand of trauma fixation devices. Furthermore, increasing number of hip fractures will lead to high adoption of trauma fixation devices in the coming years.
 

Post-surgery complications notably hamper the trauma fixation devices market value. In some cases, post-surgery complications require further surgical procedures for malunion, nonunion, wound-healing complications, posttraumatic arthritis and infection. Such factors can hamper the industry growth. Furthermore, in case of tibial plafond complications, autogenous bone grafting, bone transport, ankle arthrodesis and/or realignment osteotomies are required for post-operative management. Death from open pelvic fracture result from renal failure, haemorrhage or complication related to fracture management will further hamper the industry expansion.
 

Browse key industry insights spread across 180 pages with 585 market data tables & 16 figures & charts from the report, “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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/trauma-fixation-devices-market

 

Advantages of internal fixators to strengthen the market demand

External fixators segment in the trauma fixation devices market accounted for 2.5 billion in 2020. Rising incidence of bone related injuries needing alignment and support for appropriate fixation is slated to augment the industry progression. Additionally, benefits of external fixators such as minimum chance of infection, easily adjustable and less damage to the fractured bone’s blood supply will further supplement the industry value. Furthermore, external fixators also ensure the extension, compression, or neutralization of bone placement by allowing movement of nearby joints. This allows a proper bone placement and minimizes the muscle atrophy.
 

Benefits of titanium will accelerate the market revenue

Titanium trauma fixation devices market is projected to showcase 4.9% growth rate through 2027 led by various advantages associated with titanium such as high biocompatibility and less post-operative complications. In addition, titanium has lower modulus of elasticity thus it is less rigid, thereby limiting the amount of stress on bone structure, leading to a significant acceptance in the market. Owing to the large resistance under repeated load stresses, titanium is considered as an ideal implant material, further influencing the industry demand.
 

Growing injuries in upper extremities to strengthen the market growth

Upper extremities segment is poised to reach USD 4.1 billion by 2027 on account of the increasing geriatric population coupled with rising injuries in upper extremities. Additionally, increasing prevalence of osteoporosis will further lead to high number of injuries in upper extremities, thus augmenting the market expansion.
 

Increasing number of orthopedic clinics will spur the market progression

Orthopedic centers are estimated to attain a CAGR of 5.1% till 2027 impelled by the growing number of orthopedic clinics to meet the growing patient needs. Moreover, owing to the availability of state-of-the-art facilities to address the injuries in the orthopedic centers is expected to enhance the industry growth. Also, presence of skilled healthcare personnel and advanced facilities in such settings encourage people to prefer orthopedic centers over other healthcare settings, thereby accelerating the segment growth during the forecast timeframe.
 

Rising number of sports-related injuries in the European region are noted to foster the market value

Europe trauma fixation devices market size was USD 1.3 billion in 2020 propelled by the rising prevalence of degenerative bone diseases such as arthritis and osteoporosis. Also, increasing number of sports-related injuries will significantly drive the regional growth. Technological advancement and frequent road accidents will further boost the industry expansion. Additionally, increasing aging population will fortify the industry demand.
 

Increasing partnership and collaborations among key service providers are noted to strengthen their business portfolio and revenue

Eminent players operating in the market are Smith & Nephew, Johnson & Johnson, Integra LifeSciences, Stryker Corporation, and Zimmer Biomet Holdings Inc. These industry leaders focus on strategies such as innovative technology, product launches, mergers & acquisitions, and collaboration to harvest larger revenue and sustain market competition.
 

Authors: Sumant Ugalmugle, Rupali Swain