As per a new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global trauma devices market is currently valued at US$ 9.3 billion and is expected to progress at a CAGR of 7% through 2030.
Traumatic injuries are caused due to different blunts, piercings, and burning processes. They include car accidents, sports injuries, falls, natural disasters, and a wide range of other physical injuries. The main drivers for the growth of the trauma devices market include an increase in the cases of accident injuries, increased focus on medical device research and development capabilities, adoption of cutting-edge IT healthcare technologies, increase in the world’s geriatric population, and advancements in healthcare infrastructure, particularly in developing nations. Another key element driving market growth is the rise of osteoarthritis cases across the world.
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Rising frequency of sports-related injuries and increase in the number of traffic accidents are expected to drive the steady growth of hospitals for trauma fixation treatments over the projection period. Furthermore, an increase in the number of multispecialty hospitals, mainly in developing nations, which strive to offer effective treatments for trauma injuries, will boost industry income. Additionally, numerous government hospitals in developing countries offer affordable treatments, which will serve as a significant factor fuelling product sales growth.
The market’s two biggest trends are the rise in strategic partnerships and collaborations between businesses that produce orthopedic trauma devices and the conversion of internal fixators from metallic fixators to non-metallic fixators, and bioabsorbable fixators.
Key Takeaways from Market Study
- Worldwide sales of trauma devices are expected to rise at a CAGR of 7% from 2022 to 2030.
- The global market for trauma devices is projected to reach US$ 15.9 billion by 2030.
- China’s market is predicted to expand at an impressive CAGR of 11% and reach US$ 3.8 billion by 2030.
- Sales of external fixators are likely to increase at a CAGR of 7.4% from 2022 to 2030.
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Key Segments in Trauma Devices Industry Research
- By Type :
- Internal Fixators
- External Fixators
- By Surgical Site :
- Lower Extremities
- Upper Extremities
- By End User :
- Ambulatory Surgical Centers
- By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
An increase in stressful lives leads to more anxiety and insomnia, which, if ignored, can lead to serious health risks, trauma injuries, and even suicide. Consequently, employing various anxiety devices can prevent and treat this condition, which will accelerate the sales growth of depression devices. Conventional trauma devices frequently cause infection of the bones or tissues. Both the ageing population with arthritis and the number of people with chronic conditions are constantly rising.
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Companies are concentrating on creating technologically sophisticated trauma devices to expand their market share. Trauma devices have experienced revolutionary technological and usability advancements, accelerating market growth.
Some key manufacturers of trauma devices are Acumed LLC, Advanced Orthopaedic Solutions, Bioretec Ltd., Cardinal Health, Inc., DePuy Synthes, Integra LifeSciences Holdings Corporation, Smith & Nephew PLC, and Stryker Corporation.
- The “FIBULINK Syndesmosis Repair System” was introduced in the U.S. in October 2020 by DePuy Synthes. The gadget is intended to treat traumatic syndesmosis injuries.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the trauma devices market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2030.
The study divulges essential insights on the market on the basis of type (internal fixators, external fixators), surgical site (lower extremities, upper extremities), and end user (hospitals, ambulatory surgical centers, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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