18-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Orthopedic Trauma Devices Market By Product Type (Internal Fixator and External fixator), By Material Type (Bioabsorbable Materials, Non-Absorbable Materials) and By End-Users (Hospitals and Clinics, Ambulatory Surgical Centers, Orthopedic Centers, Emergency Departments, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global orthopedic trauma devices market in 2019 was above USD 9 billion. The market is expected to grow around a CAGR of 7.2% and is anticipated to reach over USD 13 billion by 2026.
Orthopedic trauma is a kind of injury that affects any part of the body that is caused by trauma, including muscles, joints, bones, ligaments, and tendons. The term ranges from minor fractures to seriously broken bones that produce direct threat to the life of the patient. The Orthopedic Devices help to restore soft tissue injury, skeletal stability, and irregular bone formation, joint movements in various fractures, and other deformities. The orthopedic instruments are inserted inside the body by surgical procedures or maybe connected externally by minimally invasive procedures.
Browse the full “Orthopedic Trauma Devices Market By Product Type (Internal Fixator and External fixator), By Material Type (Bioabsorbable Materials, Non-Absorbable Materials) and By End-Users (Hospitals and Clinics, Ambulatory Surgical Centers, Orthopedic Centers, Emergency Departments, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-orthopedic-trauma-devices-market-by-product-type-1220
In the surgical treatment of serious orthopedic injuries, orthopedic trauma devices play a vital role. Owing to the increasing number of fracture incidents and road accidents the orthopedic trauma devices market expected to grow in the future years. The occurrence of osteoarthritis and rheumatoid arthritis is anticipated to increase the demand for orthopedic trauma devices.
Moreover, rising demand for the technically advanced orthopedic trauma devices, a growing number of orthopedic injuries, and introduction advanced facilities in trauma devices are driving the market growth. However, the higher cost of the orthopedic trauma devices, the lack of awareness about the availability of the advanced devices may restraints market growth. Furthermore, lack of health insurance, especially in developing countries may negatively impact market growth. On the other hand, high investment in the healthcare industry by much organization, technological advancement in the orthopedic devices, and constant innovations in these devices may create lucrative opportunities in the market.
By Product type segmentation, the internal fixator category is expected to contribute the largest market share in the global orthopedic trauma devices market attributed to internal fixator allows early rehabilitation and enable patients to return to function earlier. On the basis of the material type segment, the bioabsorbable materials category led the market in 2019 and it is anticipated to grow in the future years attributed to its use in the fixation of fractures and soft-tissues. It reduces the requirement of hardware removal.
By end-users, the emergency department headed the market and it is anticipated to grow over the forecast period attributed to an increase in the number of fracture incidents and accidents. By geography, in 2019, North America dominated the market for orthopedic trauma devices owing to growing expenditure on healthcare and the high adoption of technological advancement. Europe is also expected to boost the market owing to new technologies in the medical devices and growing facilities for the healthcare treatment.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 9 Billion |
Projected Market Size in 2026 |
USD 13 Billion |
CAGR Growth Rate |
7.2% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
DePuy Synthes, Johnson & Johnson company, Stryker Corporation, Zimmer Holding Inc., Smith & Nephew, Orthofix International, Biomet, Medtronic, NuVasive, and Others |
Key Segment |
By Product, Material, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
DePuy Synthes, Johnson & Johnson company, Stryker Corporation, Zimmer Holding Inc., Smith & Nephew, Orthofix International, Biomet, Medtronic, NuVasive, and others.
This report segments the orthopedic trauma devices market as follows:
By Product Type Segmentation Analysis
- Internal Fixator
- Screws
- Plates
- Nails
- Patient-Specific Implants
- Others
- External Fixator
- Rigid Casts
- Unilateral Frames
- Circular Frames
- Others
By Material Type Segmentation Analysis
- Bioabsorbable Materials
- Polyglycolic Acid (PGA)
- Polylactic Acid (PLA)
- Other
- Non-Absorbable Materials
- Titanium
- Stainless Steel
- Other
By End-User Segmentation Analysis
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Orthopedic Centers
- Emergency Departments
- Others
By Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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