Trauma Fixation Devices Market - By Product (External Fixators, Internal Fixator), By Material (Stainless Steel, Titanium), By Site (Lower Extremities, Upper Extremities), By End-use (Hospitals, Orthopedic Centers) & Forecast, 2023-2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTrauma Fixation Devices Market - By Product (External Fixators, Internal Fixator), By Material (Stainless Steel, Titanium), By Site (Lower Extremities, Upper Extremities), By End-use (Hospitals, Orthopedic Centers) & Forecast, 2023-2032
Trauma Fixation Devices Market Size
Trauma Fixation Devices Market size was valued at more than USD 8 billion in 2022 and is expected to showcase a 4% CAGR through 2032. Increasing incidence of injuries from road accidents will foster the industry growth.
As per the World Health Organization (WHO), approximately 1.25 million fatalities occur due to road traffic accidents and crashes per year. An additional 20 to 50 million people suffer from non-fatal injuries, including physically disabilities. These statistics showcase that road traffic accidents are one of the leading causes of death and disability across the globe. Hence, the rising number of road accidents and injuries will act as a key driver of trauma fixation devices demand.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Trauma Fixation Devices Market Size in 2022 | USD 8.29 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4% |
| 2032 Value Projection | USD 12.32 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 295 |
| Tables, Charts & Figures | 599 |
| Segments covered | Product, Material, Site, and End-use |
| Growth Drivers |
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| Pitfalls & Challenges |
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Post-surgery complications to act as a major restraint for trauma fixation devices market growth
The increasing burden of complications in post-surgery scenarios may impede the demand for trauma fixation devices. In some cases, these complications require further surgical procedures for malunion, non-union, wound-healing, posttraumatic arthritis, and infection. In case of tibial plafond complications, for example, autogenous bone grafting, bone transport, ankle arthrodesis and/or realignment osteotomies are required for post-operative management. Thus, the high risk involved with these post-surgery instances is anticipated to hinder the adoption of trauma fixation devices in the upcoming period.
Trauma Fixation Devices Market Analysis
Trauma fixation devices market from internal fixator segment is expected to surpass USD 6.5 billion through 2032. The patient preference for internal fixators is rising, owing to their better procedural outcomes. They allow rapid patient recovery, shorter hospital stays, and reduce the incidence of nonunion and malunion of the broken bones. In addition, internal fixation implants are usually made from titanium and stainless steel, which are known to be strong and durable. They are compatible with the body and rarely cause an allergic reaction.
The titanium segment held more than 36.5% of the trauma fixation devices market share in 2022. The increasing segmental growth is owing to the various biomechanical applications associated with titanium, as it is widely used as hard tissue replacements in artificial bone, joints, and implants. Titanium implants are presently gaining importance due to their excellent biocompatibility. Furthermore, characteristics of titanium such as elasticity and corrosion resistance of lower modulus will further augment the market statistics.
The trauma fixation devices market share from orthopedic centers is expected to witness more than 4.5% CAGR through 2032. Growing number of knee surgeries and hip replacements in orthopedic centers is expected to positively influence the business outlook. Several orthopedic surgical procedures, such as, joint pain, trauma & sports injuries, osteoarthritis, rheumatoid arthritis, and conditions of the upper & lower extremities are treated at orthopedic centers. Additionally, these centers provide state-of-the-art facilities to address the injury, thus increasing patient preference.
Imagine you're having a conversation with a friend at a coffee shop. Here's how you might talk about the European trauma fixation devices market"Hey, did you know that the market for devices that help fix broken bones in Europe is going to grow huge by 2032? It could be worth over 2.4 billion dollars! That's because more and more people are getting older, and diseases like arthritis and osteoporosis are becoming more common. Osteoarthritis alone - you know, that's the one where your joints get all sore and stiff - affects over 40 million people in Europe. Plus, it's the fastest-growing cause of people not being able to do the things they want to do. Because people are living longer and obesity is on the rise, more and more people are going to need these trauma fixation devices. So, the market is expected to grow really fast over the next few years."
Trauma Fixation Devices Market Share
- Acumed LLC
- B Braun Melsungen AG
- Bioretec LTD
- CONMED Corporation
- Depuy Synthes (Johnson & Johnson)
- Integra LifeSciences
- Smith & Nephew
- Stryker Corporation Zimmer Biomet Holdings Inc
can be accounted as the leading trauma fixation device manufacturers operating in the global market. These companies are opting for various business strategies to enhance their market presence.
Impact of COVID-19 Pandemic
The COVID-19 pandemic severely impacted global economies with all the sectors observing a significant slump in 2020. The healthcare sector was one of the most severely impacted, owing to tremendous pressure to contain the spread of the infection. Various non-essential surgical procedures were halted. As trauma fixation procedures are noted to be non-essential, these surgical procedures were suspended and postponed indefinitely during pandemic. Thus, low demand was observed for trauma fixation devices amidst the initial months of the global health crisis.
The trauma fixation devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments Click here to Buy Section of this Report
By Product
- External Fixators
- Unilateral and Bilateral
- Circular
- Hybrid
- Internal Fixators
- Plates
- Screws
- Nails
- Others
- Others
By Material
- Stainless Steel
- Titanium
- Others
By Site
- Lower Extremities
- Hip and Pelvic
- Lower Leg
- Knee
- Foot & Ankle
- Thigh
- Upper Extremities
- Hand & Wrist
- Shoulder
- Elbow
- Arm
By End-use
- Hospitals
- Ambulatory Surgical Centers
- Orthopedic Centers
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Belgium
- Czech Republic
- Denmark
- Greece
- Romania
- Sweden
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Iran
- Kuwait
- Turkey
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