Trauma Fixation Device Market changed into valued at USS7.72 Billion in 2022
Trauma Fixation Devices Market size is expected to reach USD 12.42 Billion by 2030 according to this report. Trauma is any sort of externally-caused bodily damage, consisting of fractures, dislocations, sprains and lines, and burns. Depending at the degree of the damage, trauma fixation devices are one of the scientific techniques utilized in trauma care. Trauma fixation devices are a crucial, first-line treatment for bone fractures and tissue degeneration. Although trauma fixation devices have been in use for decades, they're usually being advanced. Enhancing tool engineering with high-overall performance polymers is perhaps the maximum capability development course.
According to World Health Organization (WHO) 2022, musculoskeletal situations are the main contributor to incapacity, and worldwide around 1.71 billion people are affected by musculoskeletal sicknesses inclusive of osteoporosis, osteoarthritis, rheumatoid arthritis, and others. As in line with the worldwide Osteoporosis Foundation (2022), over 8.9 million fractures related to osteoporosis occur annually. It similarly stated that about 1 in 5 men and 1 in 3 ladies over the age of 50 are vulnerable to tormented by a fracture due to susceptible bones. Osteoporosis is one of the not unusual degenerative bone diseases wherein the frame begins to lose bone mass or makes too little bone. The osteoporotic bones come to be much less dense, emerge as susceptible, and are greater susceptible to fractures.
The global trauma devices market is expected to showcase a CAGR of 6.12% over the forecast period (2022-2030)
Furthermore, according to the World Health Organization factsheet (2022) on avenue road’s injuries, street accidents are the leading motive of fatality in youngsters and teens within the age organization 5-29 years. Approx. about 20-50 million peoples be afflicted by non-deadly accidents in avenue accidents resulting in a incapacity due to their damage. As the incidents stated above such as road injuries, and degenerative bone issues majorly result in bone fractures and dislocation which could extensively have an effect on the lifestyles of sufferers, devices such as trauma fixation devices are employed in the fixing of bone-associated deformities.
Another major aspect driving the trauma fixation device market is the rising geriatric populace across the globe. The aged populace is vulnerable to numerous bone-associated problems and degenerative bone diseases. According to the United Nations, in 2021, there have been about 761 million people over the age of 65 years and above dwelling across the globe. The variety of the aged populace is similarly anticipated to double reaching over 1.6 billion for three decade. The elderly population is susceptible to growing degenerative bone problems greater regularly than the younger population.
Technology improvements in trauma fixation devices provide humans greater mobility, dexterity, and purposeful competencies. These trends have decreased the necessity for removal surgical procedure as well as long-time period interference with bones, muscle mass, and tendons. The commercialization of improved generation-based trauma fixation devices has boosted their demand amongst customers; therefore, technological progress is riding market demand. The global trauma fixation devices market changed into valued at USD 7.72 Billion in 2022.
The internal fixators section holds the large market share in the Trauma Fixation Device Industry
By Products, Trauma Fixation Device Market is segmented into External Fixators, Internal Fixators and Others. The internal fixator section is critical in orthopedic and trauma surgeries for stabilizing bones and tissues, dominates the internal trauma fixation devices market with its percentage. Technological improvements have produced specialized, pretty effective fixators for diverse medical conditions. Additionally, a rising elderly populace and accelerated sports-related injuries drive demand for orthopedic processes, strengthening the orthopedic trauma fixation devices market. Furthermore, the emphasis on minimally invasive surgical operation has expanded fixator adoption due to faster, much less invasive tactics. As healthcare evolves, this phase will likely hold its influential position, shaping the future of musculoskeletal care.
As the industry keeps boosting, the titanium phase is expected to preserve and make bigger its marketplace
By Material, Trauma Fixation Device Market is divided into Stainless Steel, Titanium & Others. The titanium phase is poised for dominance in trauma fixation devices. Its remarkable characteristics, which includes biocompatibility, corrosion resistance, and staggering strength-to-weight ratio, make it the top choice for orthopedic and trauma implants. Faster recovery and reduced headaches bolster its growth, while an ageing population and expanded annoying injuries force demand. As industry advances maintain, titanium's prominence is expected to develop, enhancing affected person results and the effectiveness of trauma fixation strategies.
The forecast duration is predicted to witness the most rapid increase in ambulatory surgery centers
By End User, Trauma Fixation Device Market is assessed into Hospitals, Special Clinics and Ambulatory Surgery Centers. As healthcare evolves, ambulatory surgical treatment facilities will play a pivotal position, exemplifying speedy and efficient care delivery. In the forecast duration, healthcare is set to convert significantly, with ambulatory surgical treatment centers main fast increase. These centers will increase significantly due to numerous elements reshaping the healthcare region. A key motive force is the shift toward outpatient procedures, selected for his or her efficiency, comfort, and value-effectiveness over conventional hospitals. Advancements in scientific generation and minimally invasive methods make bigger the range of techniques viable in these centers. Moreover, the worldwide consciousness on price-powerful, fantastic care fuels the rise in ambulatory surgery center use. These facilities are nicely-prepared to meet this demand with specialized offerings and quicker recuperation instances.
United America dominates the global trauma fixation devices market
By Countries, Trauma Fixation Device Market is split into United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Switzerland, Japan, China, India, Australia, South Korea, Brazil, Argentina, Saudi Arabia, South Africa, United Arab Emirates and Rest of World. United America asserts its dominance within the trauma fixation devices market. This commanding presence is a result of numerous factors, together with cutting-edge clinical era, and growing old populace main to multiplied demand for orthopedic remedies, and the nation's sturdy cognizance on research and improvement in the healthcare sector. United America's commitment to advancing trauma fixation devices and offering exquisite patient care has solidified its management in the market. Around 37,000 annual deaths and a couple of.35 million injuries in the U.S. Power demand for trauma fixation devices. Degenerative bone sicknesses, affecting over 50% of U.S. Residents elderly 65+, in addition increase the market. By 2040, 26% of U.S. Adults are projected to have arthritis. The well-set up healthcare infrastructure and competition in the U.S. Create growth prospects for trauma fixation devices. Supported reimbursement applications add to market capacity. With a strong healthcare infrastructure and a music file of innovation, United America continues to shape the trajectory of the trauma fixation devices industry.
Key Player
Among the prominent participants in the trauma fixation devices market are Zimmer, Biomet, Orthofix Medical Inc, B. Braun Meslungen AG, Stryker, Medtronic, Smith & Nephew, and Integra LifeSciences.
The report 'Trauma Fixation Device Market, Global Forecast By Products (External Fixators, Internal Fixators, Others), By Material (Stainless Steel, Titanium & Others), End User (Hospitals, Special Clinics and Ambulatory Surgery Centers), Region (North America (United States, Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Switzerland), Asia Pacific (Japan, China, India, Australia, South Korea), South America (Mexico, Brazil & Argentina) and Middle East and Africa (Saudi Arabia, South Africa & United Arab Emirates) and Rest of World), Companies (Zimmer, Biomet, Orthofix Medical Inc, B. Braun Meslungen AG, Stryker, Medtronic, Smith & Nephew, and Integra LifeSciences)' provides a detailed analysis of Trauma Fixation Device Industry.
Products - Market have been covered from 3 viewpoints:
1. External Fixators
2. Internal Fixators
3. Others
Material - Market have been covered from 3 viewpoints:
1. Stainless Steel
2. Titanium
3. Others
End User - Market have been covered from 3 viewpoints:
1. Hospitals
2. Special Clinics
3. Ambulatory Surgery Centers
Region - Market have been covered from 5 viewpoints:
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Spain
2.6 Switzerland
3. Asia Pacific
3.1 Japan
3.2 China
3.3 India
3.4 South Korea
3.5 Australia
4. Latin America
4.1 Mexico
4.2 Brazil
4.3 Argentina
5. Middle East and Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa
6. Rest of World
Company Insights:
- Overview
- Recent Development
- Revenue
Company Analysis:
1. Zimmer Biomet
2. Orthofix Medical Inc
3. B. Braun Meslungen AG
4. Stryker
5. Medtronic
6. Smith & Nephew
7. Integra LifeSciences
Table of Contents
Companies Mentioned
- Zimmer Biomet
- Orthofix Medical Inc
- B. Braun Meslungen AG
- Stryker
- Medtronic
- Smith & Nephew
- Integra LifeSciences
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 165 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 7.72 Billion |
| Forecasted Market Value ( USD | $ 12.42 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
