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Internal Trauma Fixation Devices Market Size – By Product (Plates, Nails, Screws), Material Type (Stainless Steel, Titanium, Bioabsorbable), Application (Lower Extremity [Foot & Ankle, Knee], Upper Extremity [Arm, Hand & Wrist]), End-use & Forecast, 2024 – 2032


Published on: 2024-07-10 | No of Pages : 240 | Industry : Healthcare

Publisher : MIR | Format : PDF&Excel

Internal Trauma Fixation Devices Market Size – By Product (Plates, Nails, Screws), Material Type (Stainless Steel, Titanium, Bioabsorbable), Application (Lower Extremity [Foot & Ankle, Knee], Upper Extremity [Arm, Hand & Wrist]), End-use & Forecast, 2024 – 2032

Internal Trauma Fixation Devices Market Size

Internal Trauma Fixation Devices Market size was valued at USD 4.5 billion in 2023 and is expected to grow at a CAGR of 4.3% between 2024 and 2032. High market growth can be attributed to the ongoing advancements in fixation devices, increasing incidence of traumatic injuries, growing geriatric population, surging demand for surgical intervention, and rising sports participation and injuries, among other contributing factors.

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Traumatic injuries, including fractures, dislocations, and musculoskeletal injuries, are prevalent worldwide due to various factors such as road accidents, sports injuries, falls, and occupational hazards. For instance, according to the article published in 2023, by NCBI, a secondary analysis was conducted on patients hospitalized to one of the North American trauma centers. Approximately one-half of patients sustained blunt (49.0%) vs penetrating (48.2%) injury.
 

Internal Trauma Fixation Devices Market Report Attributes
Report Attribute Details
Base Year 2023
Internal Trauma Fixation Devices Market Size in 2023 USD 4.5 Billion
Forecast Period 2024 – 2032
Forecast Period 2024 – 2032 CAGR 4.3%
2024 – 2032 Value Projection USD 6.5 Billion
Historical Data for 2021 – 2023
No. of Pages 110
Tables, Charts & Figures 212
Segments covered Product, Material Type, Application, End-use, and Region
Growth Drivers
  • Increasing incidence of sports and traumatic injuries
  • Growing demand for orthopedic implants
  • Technological advancements
Pitfalls & Challenges
  • High cost of fixation devices

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The most prevalent kinds of blunt trauma were motor vehicle injuries (83.5%), followed by falls (9.3%), miscellaneous (3.6%), assaults (1.8%), and machinery-related incidents (1.8%). The most prevalent forms of penetrating injuries were gunshot wounds (72.3%), stabbings (24.1%), other (2.1%), and impalements (1.5%). The growing incidence of traumatic injuries drives the demand for internal trauma fixation devices, which are essential for stabilizing and repairing bone fractures and orthopedic injuries. As the population grows and urbanizes, the risk of traumatic injuries increases, fueling the demand for trauma fixation devices.

Internal trauma fixation devices are medical devices used in orthopedic surgery to stabilize and support fractured or injured bones internally. These devices are surgically implanted directly into the bone or adjacent soft tissues to provide structural stability, facilitate bone healing, and restore normal anatomical alignment.

Internal Trauma Fixation Devices Market Trends

The internal trauma fixation devices industry is experiencing several notable trends that are shaping its growth and development. Factors such as continuous technological advancements, growing demand for minimally invasive surgery, and rise in ambulatory surgical procedures, among other factors are propelling the industry growth.

  • Further, there is a growing trend towards performing orthopedic procedures in ambulatory surgical centers (ASCs) rather than traditional hospital settings. Ambulatory surgery offers several benefits, including cost-effectiveness, convenience, and reduced risk of hospital-acquired infections. Internal trauma fixation devices suitable for outpatient settings, such as implants compatible with minimally invasive techniques and rapid recovery protocols, are in high demand to support this trend.
  • Additionally, personalized medicine is gaining traction in orthopedic surgery, with a focus on developing patient-specific implants and customized treatment plans. Advances in imaging technologies, such as 3D scanning and MRI, allow for precise preoperative planning and the creation of implants tailored to individual patient anatomy. Patient-specific implants offer improved fit, alignment, and biomechanical properties, leading to better surgical outcomes and patient satisfaction, thereby aforementioned factors are expected to drive the market.

Internal Trauma Fixation Devices Market Analysis

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Based on product, the internal trauma fixation devices market is categorized into plates, nails, screws, and other products. The plates generated the highest revenue of USD 1.7 billion in 2023.

  • The global demographic trend of an aging population contributes to a higher prevalence of age-related conditions such as osteoporosis and degenerative bone diseases. Elderly individuals are more susceptible to fractures due to reduced bone density and fragility. As the elderly population grows, there is an increased demand for plates to stabilize fractures and orthopedic conditions associated with aging, such as hip fractures and vertebral fractures.
  • Moreover, continuous advancements in plate technology drive innovation in the design, materials, and manufacturing processes of plates used in internal trauma fixation devices. Manufacturers are developing plates with improved biomechanical properties, such as strength, flexibility, and contourability, to provide optimal stability and fixation. Advancements in surface coatings, such as hydroxyapatite coatings, promote osseointegration and enhance bone healing, thus leading to the segmental growth.

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Based on material type, the internal trauma fixation devices market is classified into stainless steel, titanium alloy, and bioabsorbable. The stainless steel segment dominated the market in 2023 with a market share of 53.7%.

  • Stainless steel offers high strength and mechanical stability, making it suitable for load-bearing applications in internal trauma fixation devices. It provides sufficient strength to support fractured bones and withstand physiological loads during the healing process, ensuring optimal stability and fixation.
  • Furthermore, stainless steel is a versatile material that can be easily fabricated, machined, and sterilized, allowing for the manufacture of a wide range of internal trauma fixation devices, including plates, screws, wires, pins, and intramedullary nails. Its versatility enables the production of implants in various shapes, sizes, and configurations to accommodate diverse patient anatomies and surgical requirements. This is anticipated to boost the segmental growth in the market.

Based on application, the internal trauma fixation devices market is classified into lower extremity and upper extremity. The lower extremity segment is further bifurcated into foot & ankle, knee, lower leg, hip and pelvic, spine, and thigh. The upper extremity segment is further divided into arm, hand & wrist, shoulder, and elbow. The lower extremity segment dominated the market and is expected to grow at a pace of 4.1% CAGR between 2024 and 2032.

  • The lower extremities, including the hip, thigh, knee, leg, ankle, and foot, are commonly prone to traumatic injuries such as fractures, dislocations, ligament tears, and soft tissue injuries. Factors such as falls, sports-related accidents, motor vehicle accidents, and workplace injuries contribute to the high incidence of lower extremity injuries, driving the demand for internal trauma fixation devices specifically tailored for these anatomical regions.
  • Moreover, the advancements in orthopedic surgical techniques, including minimally invasive approaches, computer-assisted navigation, and arthroscopic procedures, have expanded the treatment options for lower extremity injuries. Minimally invasive techniques allow for smaller incisions, reduced soft tissue trauma, and faster recovery times compared to traditional open surgery. Internal trauma fixation devices compatible with minimally invasive techniques, such as locking plates, intramedullary nails, and percutaneous screws, are in high demand to support these surgical approaches.

Based on end-use, the internal trauma fixation devices market is segmented into hospitals, orthopedic clinics, and ambulatory surgical centers. The hospitals segment dominated the market in 2023 and is anticipated to reach USD 3.7 billion by the end of forecast period.

  • Hospitals provide comprehensive trauma care services, including emergency care, surgical interventions, intensive care, and rehabilitation, to patients with traumatic injuries. Internal trauma fixation devices are integral components of trauma care protocols, allowing hospitals to stabilize fractures, restore musculoskeletal function, and facilitate the recovery process for trauma patients.
  • Furthermore, hospitals prioritize the delivery of high-quality care and positive patient outcomes in orthopedic surgery. Internal trauma fixation devices play a critical role in achieving these goals by providing stable fixation, promoting bone healing, and enabling early mobilization and rehabilitation. Hospitals invest in advanced fixation devices and surgical techniques to improve patient satisfaction, reduce complications, and enhance clinical outcomes.

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North America internal trauma fixation devices market accounted for USD 2 billion market revenue in 2023 and is poised to expand at CAGR of 4% from 2024 to 2032.

  • North America experiences a high incidence of traumatic injuries resulting from various causes such as motor vehicle accidents, sports injuries, falls, and workplace accidents. The region's large population, extensive road networks, urbanization, and active lifestyles contribute to the prevalence of traumatic injuries, driving the demand for internal trauma fixation devices.
  • Furthermore, the region boasts advanced healthcare infrastructure, including hospitals, trauma centers, ambulatory surgical centers, and specialty orthopedic clinics equipped with state-of-the-art facilities and technologies. The region's robust healthcare system supports timely access to surgical services, trauma care, and orthopedic treatments, facilitating the utilization of internal trauma fixation devices for fracture management and musculoskeletal reconstruction, leading to the regional growth.

The U.S. held a dominant position in the internal trauma fixation devices market, with a revenue of USD 1.9 billion in 2023.

  • The healthcare reimbursement system in the U.S., primarily through public insurance programs such as Medicare and private health insurance providers, plays a significant role in facilitating patient access to orthopedic treatments and surgical interventions. Reimbursement policies and coverage for orthopedic implants and trauma fixation devices influence healthcare provider decision-making and patient treatment options, supporting the demand for internal trauma fixation devices in the country.

Germany internal trauma fixation devices market is projected to grow remarkably in the coming years.

  • Increasing healthcare expenditure and a robust healthcare infrastructure further support market growth. Key players like DePuy Synthes, Stryker, and Zimmer Biomet are focusing on innovative product development and strategic collaborations to enhance their market presence. Additionally, rising awareness about advanced trauma care and favorable reimbursement policies are contributing to the market's positive trajectory in Germany.

Japan holds a dominant position in the Asia Pacific internal trauma fixation devices market.

  • Japan is renowned for its technological innovation and manufacturing expertise in the medical device industry. The country is home to leading orthopedic implant manufacturers, research institutions, and academic centers that drive innovation in implant design, materials science, surgical techniques, and medical technologies. Japanese companies develop high-quality internal trauma fixation devices known for their precision, reliability, and performance.
  • Moreover, the country has one of the most rapidly aging populations globally, with a growing proportion of elderly individuals susceptible to age-related conditions such as osteoporosis, degenerative joint diseases, and fragility fractures. As individuals age, they become more prone to fractures and orthopedic injuries due to decreased bone density, muscle strength, and balance. The aging demographic trend in Japan drives the demand for internal trauma fixation devices to address fractures and orthopedic conditions associated with aging, particularly in the hip, spine, and proximal femur.

Internal Trauma Fixation Devices Market Share

The internal trauma fixation devices industry exhibits a dynamic landscape characterized by the presence of several key players competing for market share. Leading orthopedic device manufacturers dominate the market with their extensive product portfolios, global presence, and strategic acquisitions. These companies focus on product innovation, research and development, and strategic partnerships to maintain their competitive edge and expand their market share.

Additionally, the market is characterized by a diverse range of smaller players and emerging companies specializing in niche segments, contributing to market competition and innovation. Factors such as technological advancements, rising incidence of traumatic injuries, aging population, and increasing demand for minimally invasive surgical techniques drive market growth and shape the competitive landscape of the market.

Internal Trauma Fixation Devices Market Companies

Prominent players operating in the internal trauma fixation devices industry include

  • Acumed LLC
  • Arthrex, Inc.
  • B. Braun SE
  • CONMED Corporation
  • evonos GmbH & Co. KG
  • Implanet SA
  • Integra LifeSciences Holdings Corporation
  • Johnson & Johnson
  • KLS Martin Group
  • Medicon eG
  • Orthofix US LLC
  • Smith+Nephew
  • Stryker Corporation
  • Wright Medical Group N.V.
  • Zimmer Biomet

Internal Trauma Fixation Devices Industry News 

  • In October 2023, Johnson & Johnson has received 510(k) approval from the U.S. Food and Drug Administration (FDA) for the TriALTIS spine system and TriALTIS navigation enabled instruments. It is the next-generation posterior thoracolumbar pedicle screw system, featuring a diverse implant portfolio and cutting-edge instrumentation intended for seamless interaction with enabling technologies. TriALTIS navigation enabled instruments include drills, taps, and screwdrivers that may be used manually or with power for both navigated and non-navigated applications.

The internal trauma fixation devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments

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Market, By Product

 

  • Plates
  • Nails
  • Screws
  • Other products

Market, By Material Type

  • Stainless steel
  • Titanium alloy
  • Bioabsorbable

Market, By Application

  • Lower extremity
    • Foot & ankle
    • Knee
    • Lower leg
    • Hip and pelvic
    • Spine
    • Thigh
  • Upper extremity
    • Arm
    • Hand & wrist
    • Shoulder
    • Elbow

Market, By End-use

  • Hospitals
  • Orthopedic clinics
  • Ambulatory surgical centers

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa

 

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )