Trauma products refer to the products that are used for the physical injuries and wounds caused by the external sources. In some of the major trauma cases, the injuries might lead to long term complications such as chronic pain, infections, and long-term disability. Trauma injuries include the injuries causing severe damage to the body parts such as fractures, dislocations, traumatic amputations, and damage to soft tissues. With the increase in incidence of accidents and natural disasters, the global trauma products market is expected to witness a considerable growth during forecast period. According to the World Health Organization (WHO), injuries accounts for 9% of the global mortalities and a large number of survivors incur temporary or permanent disabilities, in 2014. The increasing prevalence of injuries is driving the growth of the global trauma market.
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Global trauma products market is expected to grow considerably during the forecast period. Some of the major factors driving growth of the market are rapid growth in geriatric population, increasing incidence of sports injuries worldwide, high prevalence of bone degenerative diseases, and increasing incidence of road accidents and falls. Trauma products are used in the treatment of injuries caused in the road accidents such as fracture, complex wounds, and dislocations. The increasing number of road accidents across the globe is expected to increase the demand for trauma products. According to WHO, in 2016 approximately 1.25 million people die every year due to road traffic crashes, and approximately 20 to 50 million people suffer from non-fatal injuries, globally.
The key trend witnessed in the global trauma products market is the increasing number of partnership and collaboration activities among the key players in the market. These collaborations and partnerships result in the development of advanced trauma products for the treatment of injuries. The emergence of orthobiologics/biological materials and expanding need for these products in the emerging markets is creating ample opportunities for the manufacturers in the global trauma products market. The development of orthobiologics/biological materials is providing new and improved treatment methods for injuries such as knee joint injuries and other trauma cases. Moreover, the increasing expenditure on healthcare in emerging economies and increase in the spending on the treatment of various injuries and trauma problems, is expected to provide ample growth opportunities for the players in the global trauma product market.
In October 2016, Zimmer Biomet Holding Inc. announced an exclusive agreement with Nextremity Solutions, Inc. to globally distribute the company’s foot and ankle deformity correction products. This agreement was expected to expand the foot and ankle portfolio of the company.
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