Trauma and Extremities Devices Market

The trauma and extremities devices market is anticipated to grow to US$ 17.72 billion by 2031, up from US$ 13.99 billion in 2024. The market is projected to experience a CAGR of 3.8% from 2025 to 2031. The increasing adoption of non-metallic and bioabsorbable fixators is expected to be a significant trend in the trauma and extremities devices sector.

Trauma and Extremities Devices Market Analysis

As reported by the World Health Organization (WHO), road traffic accidents lead to approximately 1.19 million fatalities annually, with between 20 and 50 million individuals suffering from non-fatal injuries that disrupt their daily activities. Similarly, the Indian Ministry of Road Transport and Highways (MORTH) and the National Crime Records Bureau (NCRB) provide estimates of road accidents based on police reports. In 2021, around 371,884 non-fatal road traffic injuries were documented, although this number may be an underrepresentation. Consequently, the rising incidence of road traffic accidents resulting in bone deformities is driving the demand for trauma and extremities devices.

Trauma and Extremities Devices Market Overview

The expansion of the trauma and extremities devices market is primarily due to the increasing occurrence of road accidents that lead to non-fatal injuries, along with the growing elderly population that is more susceptible to fractures due to decreased bone density. However, the high costs associated with trauma and extremity devices pose a significant barrier to market growth. The global trauma and extremities devices market is categorized by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In North America, the US holds the largest market share, driven by the presence of major players and a rising number of trauma-related injuries. Furthermore, ongoing product innovations are expected to boost the growth of the trauma and extremities devices market in North America.

Asia Pacific is projected to witness the fastest growth in the trauma and extremities devices market. The enhancement of healthcare facilities and the increasing prevalence of bone degenerative disorders in this region are likely to propel market growth.

Strategic Insights

Trauma and Extremities Devices Market Drivers and Opportunities

Rising Incidence of Bone Degenerative Disorders Among the Elderly to Benefit the Market

Older adults are at a heightened risk of falls, and even minor accidents can lead to fractures or bone breaks due to the natural deterioration of muscles and bones with age. Conditions such as osteoporosis that commonly affect the elderly can further increase the likelihood of bone fractures. Therefore, the growing elderly population correlates with a rising number of orthopedic injuries and disorders, thereby driving the demand for trauma and extremities devices. According to the Osteoarthritis (OA) Action Alliance, 88% of individuals with OA are at least 45 years old, and 43% are 65 or older in the US. Thus, the increasing number of road traffic accidents further amplifies the demand for trauma and extremities devices.

Increased Funding for Trauma Treatment - A Market Opportunity

In July 2021, the Substance Abuse and Mental Health Services Administration allocated US$ 62.4 million in grant funding to enhance access to effective treatment and service systems across the US. This funding aims to assist children, adolescents, and their families who have experienced traumatic events. Additionally, the White House will provide further support through US$ 800,000 in American Rescue Plan (ARP) funding. Therefore, the rise in funding for trauma treatment is likely to present significant opportunities within the trauma and extremities devices market.

Trauma and Extremities Devices Market Report Segmentation Analysis

Key segments contributing to the trauma and extremities devices market analysis include device type and end user.

1. By device type, the trauma and extremities devices market is divided into internal fixation devices, external fixation devices, craniofacial devices, long bone stimulation, and others. The internal fixation devices segment accounted for the largest market share in 2023.
2. By end user, the market is categorized into hospitals, clinics, and others. The hospitals segment held the largest market share in 2023.

Trauma and Extremities Devices Market Share Analysis by Geography

The geographic scope of the trauma and extremities devices market report is primarily divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America led the trauma and extremities devices market. According to estimates from the Centers for Disease Control and Prevention, 21.2% of adults in the US, or 53.2 million individuals, were diagnosed with arthritis from 2019 to 2021. Due to the increasing prevalence of bone degenerative disorders in the region, North America held the largest market share in 2022. The focus on developing technologically advanced products and the presence of global market players are factors contributing to North America's dominance in the trauma and extremities devices market.

Trauma and Extremities Devices Market News and Recent Developments

The trauma and extremities devices market is assessed by collecting qualitative and quantitative data through primary and secondary research, which includes significant corporate publications, association data, and databases. Below is a list of recent developments and strategies in the trauma and extremities devices market:

1. Stryker introduced its Gamma4 Hip Fracture Nailing System in most European markets. This latest Gamma system is designed to provide surgeons with the next generation of Stryker's intramedullary nailing system, specifically for treating hip and femur fractures. The Gamma4 system aims to enhance procedural workflows for surgeons. In September 2023, the system received CE certification in Europe. (Source: Stryker, Press Release, 2023)
2. DePuy Synthes, the Orthopaedics Company of Johnson & Johnson, launched the UNIUM System as the latest addition to its Power Tools portfolio. This system is designed with a focus on ergonomics, reliability, and efficiency in trauma settings, and can be utilized across small bone, sports medicine, spine, and thorax procedures. (Source: Johnson & Johnson, Press Release, 2021)

Trauma and Extremities Devices Market Report Scope

Trauma and Extremities Devices Market Report Coverage and Deliverables

The Trauma and Extremities Devices Market Size and Forecast (2022-2030) report offers a comprehensive analysis of the market covering the following areas:

1. Market size and forecast at global, regional, and country levels for all key market segments included in the scope
2. Market dynamics such as drivers, restraints, and key opportunities
3. Key future trends
4. Detailed PEST and SWOT analysis
5. Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
6. Industry landscape and competition analysis including market concentration, heat map analysis, prominent players, and recent developments
7. Detailed company profiles

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