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Trauma Fixation Devices - Market Insights, Competitive Landscape, and Market Forecast - 2030

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    Report

  • 150 Pages
  • July 2024
  • Region: Global
  • DelveInsight
  • ID: 5863675

Trauma Fixation Devices Market By Product Type (Internal Fixators [Plates & Screws, Rods & Pins, and Others] and External Fixators [Unilateral, Circular, Hybrid, and Others]), Absorbability (Non-Absorbable and Resorbable), Application Site ( Cranial & Facial, Spine, Upper Extremities [Hand & Wrist, Arm, Shoulder, and Elbow], and Lower Extremities [Knee, Foot & Ankle, Thigh, and Hip & Pelvis], End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography is expected to grow at a steady CAGR forecast till 2028 owing to the rising geriatric population and increasing number of trauma cases.

The global trauma fixation devices market was valued at USD 7.03 billion in 2022, growing at a CAGR of 6.42% during the forecast period from 2023 to 2028 to reach USD 10.21 billion by 2028. Factors such as the rising demand for technologically advanced products, increasing geriatric population, rising number of accident and trauma cases, growing prevalence of degenerative bone disorders, and the rising number of sports-related injuries are expected to drive the trauma fixation devices market.

Trauma Fixation Devices Market Dynamics:

According to World Health Organization (WHO) 2022, musculoskeletal conditions are the leading contributor to disability, and worldwide around 1.71 billion people are suffering from musculoskeletal diseases such as osteoporosis, osteoarthritis, rheumatoid arthritis, and others.

As per a research study in 2020, there were around 654.1 million individuals (40 years and older) with knee osteoarthritis (OA) worldwide. As per the aforementioned source, the pooled global incidence of knee OA was 203 per 10,000 person-years in individuals aged 20 and over. Additionally, there are around annual 86⋅7 million individuals (20 years and older) with incident knee OA in 2020 worldwide.

As per the International Osteoporosis Foundation (2022), over 8.9 million fractures related to osteoporosis occur annually. It further stated that about one in five men and one in three women over the age of 50 are susceptible to suffering from a fracture due to weak bones. Osteoporosis is one of the common degenerative bone diseases where the body starts to lose bone mass or makes too little bone. The osteoporotic bones become less dense, become weak, and are more prone to fractures.

Furthermore, according to the World Health Organization factsheet (2022) on road traffic injuries, road traffic injuries are the leading cause of fatality in children and young adults in the age group 5-29 years.

The same factsheet further stated that near about 20-50 million people suffer from non-fatal injuries in road accidents resulting in a disability as a result of their injury.

As the incidents mentioned above such as road accidents, and degenerative bone disorders majorly result in bone fractures and dislocation which can drastically affect the quality of life of patients, devices such as trauma fixation devices are employed in the fixing of bone-related errors and deformities.

Another major factor driving the trauma fixation devices market is the rising geriatric population across the globe. The elderly population is susceptible to numerous bone-related disorders and degenerative bone diseases. According to the latest data provided by the United Nations, in 2020, there were about 727 million people over the age of 65 years and above living across the globe. The number of the elderly population is further expected to double reaching over 1.5 billion for three decades. The elderly population is susceptible to developing degenerative bone disorders more frequently than the younger population.

The factors mentioned above will propel the growth of the trauma fixation devices market during the forecast period.

However, stringent product approval processes and high cost of procedures may prove to be certain restraints to the trauma fixation devices market growth.

Trauma Fixation Devices Market Segment Analysis:

Trauma Fixation Devices Market by Product Type (Internal Fixators [Plates & Screws, Rods & Pins, and Others] and External Fixators [Unilateral, Circular, Hybrid, and Others]), Absorbability (Non-Absorbable and Resorbable), Application Site (Cranial & Facial, Spine, Upper Extremities [Hand & Wrist, Arm, Shoulder, And Elbow], and Lower Extremities [Knee, Foot & Ankle, Thigh, and Hip & Pelvis], End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)
In the product type segment of the trauma fixation devices market, under the internal fixators category, the plates & screw segment is expected to account for the prominent market share during the forecast period.

Plates & Scew internal fixators are now commonly used for the correction of bone deformities and fractures due to the advent of sterile surgical procedures which significantly reduced the risk of infection.

Additionally, these allow for faster recovery, and shorter hospital stays, enable patients to resume their daily activities quicker, and reduced the chances of improper healing of the broken bones.

Even being a simple device, there are different types of screws available depending on the type of fracture and the application of the screws. Screws can be used alone or in combination with other internal fixation devices such as rods, plates, or nails.

Furthermore, the use of stainless steel and titanium in the manufacturing of these fixators has contributed immensely to improving the safety prospects of these devices and thereby is assisting the growing demand for plates & screws.

North America is expected to dominate the Overall Trauma Fixation Devices Market:

Among all the regions, North America is expected to account for a significant market share in the trauma fixation devices market. This can be ascribed to the high prevalence of osteoporosis, osteoarthritis, and other bone diseases, the rising population of the elderly, and the increasing number of sports-related injuries among other factors in the region.

As per the Centers for Disease Control and Prevention (CDC) 2021, it has been estimated that there will be around 78.4 million people suffering from doctor-diagnosed arthritis by 2040, and out of that two-thirds will be the women population.

As per the facts provided by the National Safety Council (NSC), a US-based non-profit organization, in 2019, irrespective of the use of exercise equipment, exercise-related injuries accounted for about 468,000 injuries, the most of any category of sports and recreation. It was followed by bicycling with about 417,000 injuries, while basketball with 404,000 injuries, and football, with 292,000 injuries, ranked third and fourth.

The abovementioned facts point towards the growing need for surgical interventions to correct bone-related defects and injuries either due to disease-related etiologies or in trauma cases. All these factors require the usage of trauma fixation devices in bone fixation and correction of bone deformities, thereby contributing to the high demand for trauma fixation devices.

The increasing number of product development activities in the region is further expected to propel the growth of the North American trauma fixation devices market. For example, in February 2022, OsteoMed received clearance from the US Food and Drug Administration for ExtremiLOCK Lateral Ankle Fusion Plates, which is intended to be used in the fixation of osteotomies, fractures, and non-unions of the fibula and the tibia.

The prompt and well-established healthcare services and infrastructure further contributes to the growth of the regional trauma fixation devices market growth. Moreover, the presence of key players in the region and supportive reimbursement programs further provide immense growth opportunities for the trauma fixation devices market.

Trauma Fixation Devices Market Key Players:

Some of the key market players operating in the trauma fixation devices market include Zimmer Biomet, Orthofix Medical Inc, DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG., Stryker, Medtronic, Acumed, INION OY, Orthomed., Smith+Nephew, CONMED Corporation, Bioretec Ltd, Arthrex Inc, JEIL MEDICAL CORPORATION, OsteoMed, Medartis AG and others.

Recent Developmental Activities in Trauma Fixation Devices Market:

  • In July 2022, Endeavor Orthopedics received 510k approval from the US FDA for their Summit Patella Plating System. This system is indicated in the surgical stabilization of patella fractures during open reduction internal fixation procedures in adults.
  • In June 2022, Zimmer Biomet launched Bactiguard-coated trauma implants for infection prevention in select Europe and the Middle East, and Africa markets. In January 2022, these implants received the CE mark.
  • In July 2020, Orthofix Medical Inc received the US FDA approval and the CE mark for their JuniOrtho Plating System. The JPS JuniOrtho Plating System is a complete plating system designed to address specific requirements of trauma reconstruction and advanced deformity of the lower extremities in pediatric patients.

Key Takeaways from the Trauma Fixation Devices Market Report Study

  • Market size analysis for current trauma fixation devices market size (2022), and market forecast for 5 years (2023-2028)
  • Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
  • Key companies dominating the global trauma fixation devices market.
  • Various opportunities available for the other competitor in the trauma fixation devices market space.
  • What are the top-performing segments in 2022? How these segments will perform in 2028?
  • Which are the top-performing regions and countries in the current trauma fixation devices market scenario?
  • Which are the regions and countries where companies should have concentrated on opportunities for trauma fixation devices market growth in the coming future?

Target Audience who can be benefited from this Trauma Fixation Devices Market Report Study

  • Trauma Fixation Devices products providers
  • Research organizations and consulting companies
  • Trauma Fixation Devices-related organization, association, forum, and other alliances
  • Government and corporate offices
  • Start-up companies, venture capitalists, and private equity firms
  • Distributors and Traders dealing in trauma fixation devices
  • Various End-Users who want to know more about the trauma fixation devices market and the latest technological developments in the trauma fixation devices market.

Frequently Asked Questions for Trauma Fixation Devices Market:

1. What is a Trauma Device?

Trauma fixation devices are used in the correction and fixation of bone fractures and deformities. These devices are used in various orthopedic surgeries helping in fixing bone-related deformities of various anatomical regions such as the spine, cranium, and extremities.

2. What is the market for global trauma fixation devices?

The global trauma fixation devices market was valued at USD 7.03 billion in 2022, growing at a CAGR of 6.42% during the forecast period from 2023 to 2028 to reach USD 10.21 billion by 2028.

3. What are the drivers for the global trauma fixation devices market?

The major drivers of the global trauma fixation devices market growth are the rising prevalence of degenerative bone diseases, the increasing geriatric population, rising number of trauma cases, among other factors.

4. Who are the key players operating in the global trauma fixation devices market?

Some of the major market players operating in the trauma fixation devices market include Zimmer Biomet, Orthofix Medical Inc, DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG., Stryker, Medtronic, Acumed, INION OY, Orthomed., Smith+Nephew, CONMED Corporation, Bioretec Ltd, Arthrex Inc, JEIL MEDICAL CORPORATION, OsteoMed, Medartis AG and others.

5. Which region has the highest share in the trauma fixation devices market?

North America is expected to dominate the overall trauma fixation devices market during the forecast period, 2023 to 2028. The accumulation of the highest revenue share is because of the high prevalence of osteoporosis and other bone diseases, the rising population of the elderly, increasing number of sports-related injuries among other factors in the region.



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Table of Contents

1. Trauma Fixation Devices Market Report Introduction
2. Trauma Fixation Devices Market Executive Summary
2.1. Scope of the Study
2.2. Market at Glance
2.3. Competitive Assessment
3. Regulatory Analysis
3.1. The United States
3.2. Europe
3.3. Japan
3.4. China
4. Trauma Fixation Devices Market Key Factors Analysis
4.1. Trauma Fixation Devices Market Drivers
4.1.1. Rising Number of Trauma and Accident Cases
4.1.2. Increase in Prevalence of Degenerative Bone Disorders
4.1.3. Growing Number of Sports-Related Injuries
4.1.4. Technological Innovation in Product Development
4.2. Trauma Fixation Devices Market Restraints and Challenges
4.2.1. Incidents of Metal Sensitivity in Patients
4.2.2. High Cost of Procedures
4.3. Trauma Fixation Devices Market Opportunities
4.3.1. Growing Popularity of Orthobiologics
5. Trauma Fixation Devices Market Porter's Five Forces Analysis
5.1. Bargaining Power of Suppliers
5.2. Bargaining Power of Consumers
5.3. Threat of New Entrants
5.4. Threat of Substitutes
5.5. Competitive Rivalry
6. Trauma Fixation Devices Market Layout
6.1. By Product Type
6.1.1. Internal Fixators
6.1.1.1. Plates & Screws
6.1.1.2. Rods & Pins
6.1.1.3. Others
6.1.2. External Fixators
6.1.2.1. Unilateral
6.1.2.2. Circular
6.1.2.3. Hybrid
6.1.2.4. Others
6.2. By Absorbability
6.2.1. Non-Absorbable
6.2.2. Resorbable
6.3. By Application Site
6.3.1. Cranial & Facial
6.3.2. Spine
6.3.3. Upper Extremities
6.3.3.1. Hand & Wrist
6.3.3.2. Arm
6.3.3.3. Shoulder
6.3.3.4. Elbow
6.3.3.5. Others
6.3.4. Lower Extremities
6.3.4.1. Knee
6.3.4.2. Foot & Ankle
6.3.3.3. Thigh
6.3.3.4. Hip & Pelvis
6.4. By End-User
6.4.1. Hospitals & Clinics
6.4.2. Ambulatory Surgical Centers
6.4.3. Others
6.5. By Geography
6.5.1. North America Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.1.1. United States Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.1.2. Canada Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.1.3. Mexico Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.2. Europe Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.2.1. France Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.2.2. Germany Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.2.3. United Kingdom Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.2.4. Italy Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.2.5. Spain Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.2.6. Rest of Europe Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.3. Asia-Pacific Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.3.1. China Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.3.2. Japan Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.3.3. India Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.3.4. Australia Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.3.5. South Korea Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.3.6. Rest of Asia-Pacific Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.4. Rest of the World (RoW) Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.4.1. Middle East Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.4.2. Africa Trauma Fixation Devices Market Size in USD million (2020-2028)
6.5.4.3. South America Trauma Fixation Devices Market Size in USD million (2020-2028)
7. Trauma Fixation Devices Market Company and Product Profiles
7.1. Zimmer Biomet
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Financial Overview
7.1.4. Product Listing
7.1.5. Entropy
7.2. Orthofix Medical Inc
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Financial Overview
7.2.4. Product Listing
7.2.5. Entropy
7.3. DePuy Synthes (Johnson & Johnson)
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Financial Overview
7.3.4. Product Listing
7.3.5. Entropy
7.4. B. Braun Meslungen AG
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Financial Overview
7.4.4. Product Listing
7.4.5. Entropy
7.5. Stryker
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Financial Overview
7.5.4. Product Listing
7.5.5. Entropy
7.6. Medtronic
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Financial Overview
7.6.4. Product Listing
7.6.5. Entropy
7.7. Acumed
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Financial Overview
7.7.4. Product Listing
7.7.5. Entropy
7.8. INION OY
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Financial Overview
7.8.4. Product Listing
7.8.5. Entropy
7.9. Orthomed
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Financial Overview
7.9.4. Product Listing
7.9.5. Entropy
7.10. Smith & Nephew
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Financial Overview
7.10.4. Product Listing
7.10.5. Entropy
7.11. CONMED Corporation
7.11.1. Company Overview
7.11.2. Company Snapshot
7.11.3. Financial Overview
7.11.4. Product Listing
7.11.5. Entropy
7.12. Bioretec Ltd.
7.12.1. Company Overview
7.12.2. Company Snapshot
7.12.3. Financial Overview
7.12.4. Product Listing
7.12.5. Entropy
7.13. Arthrex Inc
7.13.1. Company Overview
7.13.2. Company Snapshot
7.13.3. Financial Overview
7.13.4. Product Listing
7.13.5. Entropy
7.14. JEIL MEDICAL CORPORATION
7.14.1. Company Overview
7.14.2. Company Snapshot
7.14.3. Financial Overview
7.14.4. Product Listing
7.14.5. Entropy
7.15. OsteoMed
7.15.1. Company Overview
7.15.2. Company Snapshot
7.15.3. Financial Overview
7.15.4. Product Listing
7.15.5. Entropy
7.16. Medartis AG
7.16.1. Company Overview
7.16.2. Company Snapshot
7.16.3. Financial Overview
7.16.4. Product Listing
7.16.5. Entropy
8. KOL Views9. Project Approach10. Publisher Capabilities11. About the Publisher12. Disclaimer & Contact the Publisher
List of Tables
Table 1: Competitive Analysis
Table 2: Trauma Fixation Devices Market in Global (2020-2028)
Table 3: Trauma Fixation Devices Market in Global by Types of Products (2020-2028)
Table 4: Trauma Fixation Devices Market in Global by Absorbability (2020-2028)
Table 5: Trauma Fixation Devices Market in Global by Application Site (2020-2028)
Table 6: Trauma Fixation Devices Market in Global by End-User (2020-2028)
Table 7: Trauma Fixation Devices Market in Global by Geography (2020-2028)
Table 8: Trauma Fixation Devices Market in North America (2020-2028)
Table 9: Trauma Fixation Devices Market in the US (2020-2028)
Table 10: Trauma Fixation Devices Market in Canada (2020-2028)
Table 11: Trauma Fixation Devices Market in Mexico (2020-2028)
Table 12: Trauma Fixation Devices Market in Europe (2020-2028)
Table 13: Trauma Fixation Devices Market in France (2020-2028)
Table 14: Trauma Fixation Devices Market in Germany (2020-2028)
Table 15: Trauma Fixation Devices Market in the United Kingdom (2020-2028)
Table 16: Trauma Fixation Devices Market in Italy (2020-2028)
Table 17: Trauma Fixation Devices Market in Spain (2020-2028)
Table 18: Trauma Fixation Devices Market in Rest of Europe (2020-2028)
Table 19: Trauma Fixation Devices Market in Asia-Pacific (2020-2028)
Table 20: Trauma Fixation Devices Market in China (2020-2028)
Table 21: Trauma Fixation Devices Market in Japan (2020-2028)
Table 22: Trauma Fixation Devices Market in India (2020-2028)
Table 23: Trauma Fixation Devices Market in Australia (2020-2028)
Table 24: Trauma Fixation Devices Market in South Korea (2020-2028)
Table 25: Trauma Fixation Devices Market in Rest of Asia-Pacific (2020-2028)
Table 26: Trauma Fixation Devices Market in the Rest of the World (2020-2028)
Table 27: Trauma Fixation Devices Market in the Middle East (2020-2028)
Table 28: Trauma Fixation Devices Market in Africa (2020-2028)
Table 29: Trauma Fixation Devices Market in South America (2020-2028)
List of Figures
Figure 1: Competitive Analysis
Figure 2: Trauma Fixation Devices Market in Global (2020-2028)
Figure 3: Trauma Fixation Devices Market in Global by Types of Products (2020-2028)
Figure 4: Trauma Fixation Devices Market in Global by Absorbability (2020-2028)
Figure 5: Trauma Fixation Devices Market in Global by Application Site (2020-2028)
Figure 6: Trauma Fixation Devices Market in Global by End-User (2020-2028)
Figure 7: Trauma Fixation Devices Market in Global by Geography (2020-2028)
Figure 8: Trauma Fixation Devices Market in North America (2020-2028)
Figure 9: Trauma Fixation Devices Market in the US (2020-2028)
Figure 10: Trauma Fixation Devices Market in Canada (2020-2028)
Figure 11: Trauma Fixation Devices Market in Mexico (2020-2028)
Figure 12: Trauma Fixation Devices Market in Europe (2020-2028)
Figure 13: Trauma Fixation Devices Market in France (2020-2028)
Figure 14: Trauma Fixation Devices Market in Germany (2020-2028)
Figure 15: Trauma Fixation Devices Market in the United Kingdom (2020-2028)
Figure 16: Trauma Fixation Devices Market in Italy (2020-2028)
Figure 17: Trauma Fixation Devices Market in Spain (2020-2028)
Figure 18: Trauma Fixation Devices Market in Rest of Europe (2020-2028)
Figure 19: Trauma Fixation Devices Market in Asia-Pacific (2020-2028)
Figure 20: Trauma Fixation Devices Market in China (2020-2028)
Figure 21: Trauma Fixation Devices Market in Japan (2020-2028)
Figure 22: Trauma Fixation Devices Market in India (2020-2028)
Figure 23: Trauma Fixation Devices Market in Australia (2020-2028)
Figure 24: Trauma Fixation Devices Market in South Korea (2020-2028)
Figure 25: Trauma Fixation Devices Market in Rest of Asia-Pacific (2020-2028)
Figure 26: Trauma Fixation Devices Market in the Rest of the World (2020-2028)
Figure 27: Trauma Fixation Devices Market in the Middle East (2020-2028)
Figure 28: Trauma Fixation Devices Market in Africa (2020-2028)
Figure 29: Trauma Fixation Devices Market in South America (2020-2028)
Figure 30: Market Drivers
Figure 31: Market Barriers
Figure 32: Marker Opportunities
Figure 33: PORTER'S Five Force Analysis

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Zimmer Biomet
  • Orthofix Medical Inc
  • DePuy Synthes (Johnson & Johnson)
  • B. Braun Melsungen AG
  • Stryker
  • Medtronic
  • Acumed
  • INION OY
  • Orthomed.
  • Smith+Nephew
  • CONMED Corporation
  • Bioretec Ltd
  • Arthrex Inc
  • JEIL MEDICAL CORPORATION
  • OsteoMed
  • Medartis AG