The Global Trauma Fixation Devices Market is predicted to reach USD 7,079 million by 2021 from USD 5,231 million in 2016, growing at a CAGR of 6.24%. According to the Centers for Disease Control and Prevention (CDC), trauma is defined as “an injury or wound to a living body caused by the application of external force or violence”. The physical injuries such as, burns, fractures, sprains, dislocations and strains are all classified under trauma. Currently, to treat trauma various treatments are available based on the severity of injury. Trauma fixation devices are one of the key treatment methods for the aforementioned medical conditions.
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The upsurge in global geriatric population has augmented the growth of market, as the aged people possess higher risk for osteoporosis leading to an increased demand for trauma fixation devices. Further, increase in disposable incomes and growing awareness about latest developments in medical field along with the availability of advanced medical facilities, favorable reimbursement policies, rise in healthcare expenditure, high costs associated with surgeries, competitive pricing, and availability of substitutes have also contributed in the growth of global trauma fixation devices market.
However, compatibility issues like infection and allergy associated with the utilization of external and internal trauma fixation devices. Also, the high cost of these devices is inhibiting the adoption or usage of in developing nations (with low disposable income) such as India, China and Brazil.
The Global Trauma Fixation Devices Market is segmented on the basis of type into internal and external fixation devices. Internal fixation devices are employed in fixing fractured bones in definite shape by implanting various devices. Further, the internal trauma fixation devices are classified into Screws, Plates, Rods, Wires and Intramedullary nails. Whereas the external trauma fixation devices are segmented on the basis of technology into Unilateral, Circular and Hybrid Fixation. The internal trauma fixation devices segment holds the largest share, representing about 85% of the global trauma fixation devices market. Further, the demand for better services in trauma surgeries has led manufacturers to develop products that are less invasive and more anatomical, such as low-profile plating system for extremity fixation procedures.
Furthermore, on the basis of geography the Global Market For Trauma Fixation Devices is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America & Middle East and Africa. North America represents the largest share of the global trauma devices market, owing to supportive government policies facilitating purchase of these devices. The rise in geriatric population and personal disposable income of people in Asian countries such as China and India are contributing to the market growth in these emerging nations. Latin American countries such as Brazil and Mexico are anticipated to register greater market growth for trauma devices owing to improving access to healthcare, higher accident cases and favourable demographics.
DePuy Synthesis, Smith & Nephew, Stryker Corporation, Zimmer, and Biomet are the major companies operating in this segment which control a major share of 75% of the global trauma fixation devices market. Other major companies operating are Integra Lifesciences Corporation, Arthrex, Medtronic, Inc., Conmed and Bioretec, Inc.
Major points from Table of Content which is covered in this Report:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Internal trauma fixation devices
220.127.116.11 Intramedullary nails
5.1.2 External Trauma fixation devices
18.104.22.168 Unilateral fixation
22.214.171.124 Circular fixation
126.96.36.199 Hybrid fixation
5.2 By End Users
5.2.2 Point of Care testing
6. Geographical Analysis …..CONTINUED
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