New York, October 18, 2021- The global trauma products market size is expected to reach USD 9.41 Billion in 2028 and register a CAGR of 8.1% over the forecast period, according to the latest report by Reports and Data. Robust market revenue growth can be attributed to rising application of advanced trauma products, increasing global geriatric population, and rising preference for minimally invasive surgeries.
Trauma is a medical term that refers to sudden physical injuries that require immediate medical treatment. Trauma products are usually used to treat physical traumas such as burns, fractures, sprains, strains, and dislocations. Trauma products can be categorized into two types, external fixators, and internal fixators. External fixator is a type of stabilizing frame that holds broken bone in an appropriate position. There are mainly three types of external fixators such as unilateral, circular, and hybrid fixators. Internal fixators segment accounted for the largest revenue share in global market in 2020. This can be attributed to increasing global geriatric population and rising application of internal fixators. Increasing healthcare expenditure, and rising investment by private investors and government in development of medical devices are some key factors expected to drive market growth of trauma products throughout the forecast period.
Rising preference for minimally invasive surgeries and rapidly increasing global geriatric population are some key factors driving market revenue growth
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Some Key Highlights From the Report:
- In July 2018, Globus Medical launched Anthem ankle fracture system and Anthem proximal humerus fracture system. Anthem ankle fracture system helps to reduce soft tissue irritation from implant prominence and Anthem proximal humerus fracture system is designed for the treatment of shoulder fractures.
- Hospitals & trauma centers segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing number of private hospitals in developing countries and rising preference for hospital-based treatment.
- Asia Pacific is expected to register a relatively faster revenue CAGR throughout the forecast period. This can be attributed to continuous development of healthcare infrastructure and increasing geriatric population in countries in the region.
- Some major companies in the global market include Acumed LLC, Arthrex Inc., B. Braun Melsungen AG, Citieffe s.r.l., CONMED Corporation, DePuy Synthes, Double Medical Inc., Integra LifeSciences Corporation, Orthofix Holdings Inc., and Smith & Nephew.
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For the purpose of this report, Reports and Data has segmented the trauma products market based on type, surgical site, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- External Fixators
- Internal Fixators
Surgical Site Outlook (Revenue, USD Billion; 2018-2028)
- Lower Extremities
- Hip & Pelvic
- Lower Leg
- Foot & Ankle
- Upper Extremities
- Hand & Wrist
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Clinical Laboratories
- Biotechnology Industries
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Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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