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Trauma Fixation Devices Market Future Challenges and Industry Growth Outlook by 2020-2025

Author : Ronak Bora | Published Date : 2020-09-14 

Trauma Fixation Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

A consistent rise in accidents, resulting from urbanization and industrialization, is likely to stir the demand for trauma fixation devices. The Association for Safe International Road Travel (ASIRT) reveals that about 1.3 million people die annually from road accidents, and around 20 to 30 million get disabled or injured.

Higher demand for technologically enhanced products and a surge in the geriatric population prone to hip fractures will add impetus to the market value. Newer product launches in global economies will establish a broader customer base for the device manufacturers. Some of the leading suppliers include Depuy Synthes from Johnson & Johnson, Stryker Corporation, Smith & Nephew, Conmed Corporation, B. Braun Melsungen AG, Integra Lifesciences, and Wright Medical Group N.V.

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A recent report estimates that global trauma fixation devices market size could reach USD 9.5 billion in yearly revenues by 2025. The devices can expect some negative industrial impact due to side reactions caused during trauma care procedures and lack of skilled professionals to operate the devices.

Internal trauma fixation devices industry witnessed the largest market share and was annually evaluated at USD 4.2 billion in 2018. Internal fixators seek a higher industry demand owing to better bone fixation ability, flexibility, cost-effectiveness, durability, and stability of use. They are recognized to provide necessary bone support and assist in rapid recoveries. The fixators are also adopted to limit hospital stay.

Companies have introduced notable products over the past few years. Zimmer Biomet, a fixator manufacturing firm, introduced the Zimmer® Universal Locking System, which comprises straight and formed plates, for temporary internal fixation and provide stabilization in fractures.

U.S. trauma fixation devices market registered an annual valuation of USD 4 billion in 2018 and is pegged to grow in the coming years with the cosistent prevalence of bone diseases. The National Osteoporosis Foundation cited in 2014 that around 10.2 million people in the country suffer from osteoporosis and around 43.4 million of individuals exhibit low bone mass. These estimates are likely to augment the industry forecast.

India trauma fixators industry share is predicted to reach a growth rate of 7.7% through 2025. India offers multiple lucrative opportunities owing to the increasing awareness of the devices, expanding healthcare spending, and consistent demand for minimally invasive procedures.

The upper extremities segment for the fixation devices is expected to reach a CAGR of 5.4% over the next few years and the growth can be attributed to the repetitive incidences of sports-related accidents and orthopedic diseases. Also, a significant increment in the baby boomer population vulnerable to injuries will enhance the market outlook.

Hospitals brought in significant yearly revenues for the market, up to USD 2.6 billion in 2018, owing to advanced infrastructure to provide technological trauma fixation products. Several government hospitals catering to cost-effective treatments will also witness a large adoption of the devices. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/trauma-fixation-devices-market

Partial Chapter of the Table of Content 

Chapter 5.  Trauma Fixation Devices Market, By Material

5.1. Key segment trends

5.2. Stainless steel

5.2.1.  Market size, by region, 2014 – 2025 (USD Million)

5.3. Titanium

5.3.1.  Market size, by region, 2014 – 2025 (USD Million)

5.4. Others

5.4.1.  Market size, by region, 2014 – 2025 (USD Million)

Chapter 6.  Trauma Fixation Devices Market, By Site

6.1. Key segment trends

6.2. Lower extremities

6.2.1.  Market size, by region, 2014 – 2025 (USD Million)

6.2.2.  Hip and pelvic  Market size, by region, 2014 – 2015 (USD Million)

6.2.3.  Lower leg  Market size, by region, 2014 – 2015 (USD Million)

6.2.4.  Knee  Market size, by region, 2014 – 2015 (USD Million)

6.2.5.  Foot & ankle  Market size, by region, 2014 – 2015 (USD Million)

6.2.6.  Thigh  Market size, by region, 2014 – 2015 (USD Million)

6.3. Upper extremities

6.3.1.  Market size, by region, 2014 – 2025 (USD Million)

6.3.2.  Hand & wrist  Market size, by region, 2014 – 2015 (USD Million)

6.3.3.  Shoulder  Market size, by region, 2014 – 2015 (USD Million)

6.3.4.  Elbow  Market size, by region, 2014 – 2015 (USD Million)

6.3.5.  Arm  Market size, by region, 2014 – 2015 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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