The global trauma products market was valued at $6,613million in 2018, and is estimated to reach at $10,418 million by 2026, registering a CAGR of 5.8% from 2019 to 2026.
Trauma is defined as a physical injury, which requires immediate medical treatment. Traumatic injuries are a result of different types of blunt and burn mechanisms, which include motor vehicle collisions, sports injuries, natural disasters falls, and other physical injuries occurring at home. Trauma products are innovative instruments, implants, and technologies that turn the vagueness of trauma into the confidence of an optimal outcome for patients with musculoskeletal injuries. Moreover, these products are used to treat injuries such as brain tumors, hematomas, hydrocephalus, infections, and skull fractures.
The growth of the global trauma products market is driven by rise in prevalence of orthopedic injuries or diseases and rapid increase in geriatric population. In addition, rise in number of patients suffering from joint disorders such as osteoarthritis & rheumatoid arthritis, technological innovations in trauma products industry, adoption of minimally invasive surgeries, and increase in patient awareness among toward the benefits of advanced trauma devices supplement the market growth. Moreover, rise healthcare expenditure and an increase in demand for advanced trauma products are other factors that contribute toward the growth of the market. However, complexity in using trauma products for treatment of injuries and stringent government policies towards trauma devices are expected to hinder the growth of the market.
The global trauma products market is segmented into product, surgical site, end user, and region. By product, the market is categorized into internal fixators, external fixators, and other trauma products. The internal fixators segment is further divided into plates, screws, nails, and other internal fixators. The external fixators segment is subsegmented into unilateral & bilateral external fixators, circular fixators, and hybrid fixators. According to surgical site, the market is bifurcated into upper extremities and lower extremities. The upper extremities segment is further divided into hand & wrist, shoulder, and elbow. The lower extremities segment is subdivided into hip & pelvic, foot & ankle, knee, and others. On the basis of end user, the market is segregated into hospitals & trauma centers and ambulatory surgery center. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Product
By Surgical Site
By End User
By Region
LIST OF KEY PLAYERS PROFILED IN THE REPORT
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
Trauma is defined as a physical injury, which requires immediate medical treatment. Traumatic injuries are a result of different types of blunt and burn mechanisms, which include motor vehicle collisions, sports injuries, natural disasters falls, and other physical injuries occurring at home. Trauma products are innovative instruments, implants, and technologies that turn the vagueness of trauma into the confidence of an optimal outcome for patients with musculoskeletal injuries. Moreover, these products are used to treat injuries such as brain tumors, hematomas, hydrocephalus, infections, and skull fractures.
The growth of the global trauma products market is driven by rise in prevalence of orthopedic injuries or diseases and rapid increase in geriatric population. In addition, rise in number of patients suffering from joint disorders such as osteoarthritis & rheumatoid arthritis, technological innovations in trauma products industry, adoption of minimally invasive surgeries, and increase in patient awareness among toward the benefits of advanced trauma devices supplement the market growth. Moreover, rise healthcare expenditure and an increase in demand for advanced trauma products are other factors that contribute toward the growth of the market. However, complexity in using trauma products for treatment of injuries and stringent government policies towards trauma devices are expected to hinder the growth of the market.
The global trauma products market is segmented into product, surgical site, end user, and region. By product, the market is categorized into internal fixators, external fixators, and other trauma products. The internal fixators segment is further divided into plates, screws, nails, and other internal fixators. The external fixators segment is subsegmented into unilateral & bilateral external fixators, circular fixators, and hybrid fixators. According to surgical site, the market is bifurcated into upper extremities and lower extremities. The upper extremities segment is further divided into hand & wrist, shoulder, and elbow. The lower extremities segment is subdivided into hip & pelvic, foot & ankle, knee, and others. On the basis of end user, the market is segregated into hospitals & trauma centers and ambulatory surgery center. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global trauma products market along with the current trends and future estimations to elucidate the imminent investment pockets.
- A comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
- Comprehensive quantitative analysis of the industry from 2018 to 2026 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the key segments of the industry helps to understand the application and products of trauma used across the globe.
- Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By Product
- Internal Fixators
- Plates
- Screws
- Nails
- Other Internal Fixators
- External Fixators
- Unilateral & Bilateral External Fixators
- Circular Fixators
- Hybrid Fixators
- Other Trauma Products
By Surgical Site
- Upper Extremities
- Hand and Wrist
- Shoulder
- Elbow
- Lower Extremities
- Hip and Pelvic
- Foot and Ankle
- Knee
- Others
By End User
- Hospitals and Trauma Centers
- Ambulatory Surgery Center
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- Accumed LLC
- B. Braun Melsungen AG
- Colfax Corporation (DJO)
- Globus Medical, Inc.
- Johnsons
- Medtronic PLC
- Nuvasive Inc
- Smith & Nephew
- Stryker
- Zimmer Biomet Holding Inc.
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
- Integra Lifesciences Corporation
- Cardinal Health
- Double Medical Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: TRAUMA PRODUCTS MARKET, BY PRODUCT
CHAPTER 5: TRAUMA PRODUCTS MARKET, BY SURGICAL SITE
CHAPTER 6: TRAUMA PRODUCTS MARKET, BY END USER
CHAPTER 7: TRAUMA PRODUCTS MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
Executive Summary
According to the report titled 'Trauma Product Market by Product, Surgical Site, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global trauma product market size was valued at $6,613million in 2018, and is projected to reach $10,418million by 2026, growing at a CAGR of 5.8% from 2019 to 2026.Trauma products serve as efficient clinical procedures for the treatment of trauma based on the severity of injury. Trauma refers to any kind of physical injury such as dislocations, sprains & strains, fractures, and burns caused by external sources. According to the Center for Disease Control and Prevention, trauma is a wound or injury to a living individual caused due to violence or external force. Trauma products available in market include internal fixators, external fixators, and others.
Factors that drive the growth of the global trauma products market include rise in prevalence of orthopedic injuries or diseases and rapid rise in geriatric population. In addition, advancements in trauma products& devices and widespread application of trauma products to treat musculoskeletal, orthopedic diseases, & injuries supplement the market growth. However, complexities involved in using trauma products for treatment of injuries and implementation of stringent government policies towards trauma devices are expected to hinder the growth of the market. On the contrary, high growth potential for the trauma products market in emerging economies is anticipated to lucrative opportunities during the forecast period.
Depending on product, the market is categorized into internal fixators, external fixators, and other trauma products. The internal fixators segment dominated the global market in 2018, and is anticipated to continue this trend during the forecast period. The key factors that drive the market growth are alarming rise in number of joint disorders cases such as osteoarthritis and rheumatoid arthritis, wide availability of internal fixators trauma products, increase in geriatric population, surge in prevalence of trauma injuries coupled with increase in public awareness toward availability of trauma products, and increase in awareness among patients about the benefits offered by advanced internal fixators drive the market growth of this segment.
On the basis of surgical site, the market is classified into upper extremities and lower extremities. The upper extremities segment accounted for the majority of market share in 2018, owing to increase in incidence of orthopedic diseases & injuries, availability of improved healthcare facilities in developing & developed countries, increase in demand for upper extremities trauma products, rise in geriatric population, and increase in adoption of minimally invasive surgeries.
According to Onkar Sumant, Manager, Healthcare, “The growth of the trauma product market is attributed to rise in adoption of minimally invasive surgeries. Furthermore, rise in demand for trauma products and surge in incidence of sports injuries &road accidents across the globe are the other factors that contribute toward the growth of the market.”
KEY FINDINGS OF THE STUDY
- Depending on product, the internal fixators segment held major share in the global market in 2018.
- By surgical site, the upper extremities segment accounted for the largest market share in 2018, and is expected to remain dominant throughout the forecast period.
- On the basis of end user, the hospitals &trauma centers segment accounted for significant revenue in the global market in 2018.
- Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 7.6% during the forecast period.
North America accounted for approximately one-half of the global trauma products market share in 2018, and is expected to remain dominant throughout the forecast period. This was attributed to increase in demand for trauma products, large presence of medical device companies, availability of well-developed healthcare infrastructure, and wide availability of trauma products. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period, due to improvement in healthcare infrastructure, rise in number of hospitals equipped with advanced medical facilities, development of R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare.
Companies Mentioned
- Accumed LLC
- B. Braun Melsungen AG
- Colfax Corporation (DJO)
- Globus Medical Inc.
- Johnsons & Johnsons
- Medtronic PLC
- Nuvasive Inc.
- Smith & Nephew
- Stryker Corporation
- Zimmer Biomet Holding Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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