U.S. Trauma Fixation Devices Market size worth over $5.5 Bn by 2026

U.S. Trauma Fixation Devices Market size is set to exceed USD 5.5 billion by 2026, according to a new research report by Global Market Insights, Inc.
 

The U.S. trauma fixation devices market growth is owing to increasing number of road accidents coupled with substantial rise in the number of individual suffering from chronic orthopedic conditions. According to the Center for Disease Control and Prevention (CDC) report, every year, an estimated of 1.5 million individuals suffer a fracture led by bone disease in U.S. The report also stated that, roughly 4 in 10 women aged more than 50 years in the U.S. experience a hip, spine, or wrist fracture. Such high pervasiveness of bone disease will increase the demand for trauma treatment.

 

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Sports injuries and road accidents will significantly spur the U.S. trauma fixation devices market expansion

Significant increase in number of patients with road accidents and sports injuries will drive the market revenue. For instance, according to the World Health Organization, in U.S., more than 4 million people suffer non-fatal injuries resulting in a disability. Similarly, the incidence rate of total hip and total knee replacement among U.S. adults aged over 50 years or older was 2.3% and 4.6% respectively. With rising burden of injuries due to road accidents, the number of treatment procedures are also increasing that will boost the product demand in the coming years. Technological advancements that include the use of nanotechnology and several other breakthroughs have increased the procedure outcome and success rate.
 

Stringent regulations coupled with lengthy approval time as well as validations of devices by the U.S. FDA is restricting the market value. The U.S. regulatory process 510(K) mandates that, the manufacturers should prove that a device is substantially equivalent to a standard framework. The changes in validation testing has also made the device approval or QC process quite strenuous.
 

External fixators are preferred in case of fractures in children, as permanent internal fixators are not viable in growing bones

The external fixator segment accounted for 35.3% of the market share in 2019 and is anticipated to showcase significant growth of 3.9% till 2026. External fixator stabilizes damaged bones, thereby speeding up the healing process. The procedure is generally performed during the treatment of open fractures. Moreover, external fixators are preferred in case of fractures in children, as permanent internal fixators are not viable in growing bones.
 

Browse key industry insights spread across 225 pages with 1,028 market data tables & 18 figures & charts from the report,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 - 2026in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/us-trauma-fixation-devices-market
 

Various biomechanical applications associated with titanium will foster the segment growth

The titanium material in the U.S. trauma fixation devices market is expected to reach USD 2 billion by 2026 led by the various biomechanical applications associated with titanium, as they are widely used as hard tissue replacements in artificial bone, joints and implants. Titanium implants are presently gaining importance on account of their excellent biocompatibility. Characteristics of titanium such as elasticity and corrosion resistance of lower modulus will further augment the segment expansion.
 

Rising number of humeral shaft fractures and elbow fractures will create an opportunity for the segment to grow

The U.S. trauma fixation devices market for upper extremities segment exceeded USD 1.9 billion in 2019 impelled by growing number of humeral shaft fractures and elbow fractures, as elbow fractures are most common fracture in pediatrics. According to the American Trauma Association report 2018, humeral shaft fractures and elbow fractures accounted for 8-10% and 25-30% of all fractures respectively. Thus, wide usage of trauma fixation devices in such procedures will boost the segment growth. Growing number of baby boomers in the country will further impact the overall market revenue during the forecast timeframe.
 

Increasing number knee surgeries and hip replacements in orthopedic centers

The orthopedic centers end-use segment in the U.S. trauma fixation devices market is predicted to grow at a CAGR of 3.9% to reach USD 1.9 billion by 2026 propelled by growing number of knee surgeries and hip replacements in orthopedic centers. For example, according to the American Orthopedic Association, more than 131,000 (6%) pediatrics and adult patients had undergone surgical and non-surgical procedures in more than 4,500 orthopedic centers in 2018. The procedures include joint pain, trauma & sports injuries, osteoarthritis, rheumatoid arthritis and conditions of the upper & lower extremities. These centers provide state-of-the-art facilities to address the injury, thus increasing patient preference.
 

Growing number of arthroplasty procedures in South Atlantic zone

South Atlantic zone of U.S. trauma fixation devices market is poised to expand at 2.4% CAGR to cross USD 1.1 billion revenue by 2026 due to increasing number of arthroplasty procedure such as hip replacement and hip surfacing procedures. For instance, according to the State Office of High Safety of Florida, non-fatal injuries or crashes accounted for 88% of total road accidents. Similarly, according to the Florida Trauma Registry, nearly 300,000 people have one or both hips replaced annually in Florida. Such hike in number of accidents and hip replacement procedures will further encourage the adoption of trauma fixation devices. Increasing elderly population that are prone to orthopedic diseases coupled with road accidents in South Atlantic Zone will further drive the industry value.
 

Companies undertake inorganic growth strategies to strengthen their business portfolio and revenue

The eminent 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 among others. These companies are focuses on strategies such as acquisitions & mergers, innovative product development and partnerships to garner more revenue and sustain market competition.
 

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