Trauma Fixation Device Market Global Forecast Report by Products (External Fixators, Internal Fixators, Others) Material (Stainless Steel, Titanium, Others) End User (Hospitals, Special Clinics, Ambulatory Surgery Centers) Countries and Company Analysis, 2024-2032

Growth Factors in the Trauma Fixation Device Industry

The demand for trauma fixation devices is being driven by the world's aging population.

Because older adults are more likely to develop osteoporosis, there is a greater need for trauma fixing devices. The number of individuals over 65 was forecasted by the UN to be 703 million in 2019, and by 2050, that number is expected to rise to USD 1.5 billion. The number of traffic incidents that occur each year has significantly increased, and technical developments are also driving the market's growth pace. The WHO estimates that 1.35 million people lose their lives in traffic accidents each year. Additionally, between 20 and 50 million people experience non-fatal injuries that leave them disabled.

The worldwide market for trauma fixation devices is anticipated to be supported by the rising number of sports-related injuries as well as the expanding number of multispecialty hospitals offering trauma injury treatment. The market is expected to develop as a result of the rising prevalence of orthopedic conditions such rheumatoid arthritis and osteoporosis. Furthermore, the market will expand rapidly because to rising disposable income and increased awareness of trauma fixation devices in nations like the United States and the United Kingdom.

Increased use of cutting-edge technology in the healthcare sector is anticipated to lead to several opportunities in the trauma fixation device market.

The government's initiatives and funding raise also give the major participants in the market some opportunity. The government's capital raises offer huge potential for market expansion. Due to strong industrialization rates and unexplored prospects, emerging economies such as those in Asia and Latin America are seeing significant market growth. The availability of cutting-edge medical facilities, favorable reimbursement policies, rising healthcare expenditures, high surgical costs, competitive pricing, and the availability of substitutes have all contributed to the growth of the global market for trauma fixation devices. Additionally, rising disposable incomes and growing awareness of the most recent advancements in the medical field have also helped.

North America Trauma Fixation Device Market Overview:

The market for trauma fixation devices is dominated by North America because of an increase in traffic accidents. Each year in the United States, accidents cause over 37,000 deaths and 2.35 million injuries or disabilities, according to the Association for Safe International Road Travel. The need for trauma fixing devices has therefore grown. The expansion of the trauma fixation device market in the United States will be impacted by the prevalence of degenerative bone diseases. An ailment known as degenerative bone disease results in inflammation and degradation of the structural joints. Degenerative bone disease affects almost 50% of Americans 65 years of age and older, according to the Centers for Disease Control and Prevention.

According to CDC projections, 78 million (or 26%) Americans who are 18 years of age or older will have received a diagnosis of arthritis by the year 2040. The increasing incidence of this illness will increase demand for products. The rapid and well-established infrastructure and healthcare services further support the growth of the regional trauma fixation device market. Furthermore, the industry has a tonne of potential due to the existence of supported reimbursement programs and significant rivals in the area.

Trauma Fixation Device Market Company Overview

Some of the industry leaders seen in the Global Trauma Fixation Device Market Includes Zimmer Biomet, Orthofix Medical Inc, B. Braun Meslungen AG, Stryker, Medtronic, Smith & Nephew, Integra LifeSciences.

Trauma Fixation Device Market News

In August 2021, DePuy Synthes, The Orthopaedics Company of Johnson & Johnson, demonstrated new products and technological solutions that are setting new standards of care for modern orthopedics during the American Academy of Orthopaedic Surgeons (AAOS) annual conference in San Diego. For its portfolios of Digital Surgery, Hip, Knee, Shoulder, Trauma and Extremities, Spine, Sports Medicine, and Power Tools, DePuy Synthes showcased next-generation product innovations. These innovations included connected instrumentation, advanced imaging, and visualization technology, as well as robotics and more customized implants.

In July 2021, Endeavor Orthopedics received 510k approval from the US FDA for their Summit Patella Plating System. During open reduction internal fixation procedures, adults with patella fractures can have their fractures surgically stabilized. In order to prevent infections, Zimmer Biomet launched Bactiguard-coated trauma implants in June 2021 in the regions of Europe, the Middle East, and Africa. These implants received their CE certification in January 2021.

In February 2021, Leading provider of musculoskeletal healthcare worldwide, Zimmer Biomet Holdings, Inc., announced that it would spin off its dental and spine businesses to become a new, publicly traded business ("NewCo"). The planned arrangement will enable Zimmer Biomet and NewCo to better meet patient and customer demands, which is expected to accelerate growth and increase value for all stakeholders.

In February 2021, The US Food and Drug Administration has authorized ExtremiLOCK Lateral Ankle Fusion Plates. The product is intended to be used for the repair of osteotomies, fractures, and fibula and tibia non-unions, among other conditions. The time needed to repair these injuries can be greatly shortened with the invention of ankle fusion plates.

Products – Market breakup in 3 viewpoints:

1. External Fixators
2. Internal Fixators
3. Others

Material – Market breakup in 3 viewpoints:

1. Stainless Steel
2. Titanium
3. Others

End User – Market breakup in 3 viewpoints:

1. Hospitals
2. Special Clinics
3. Ambulatory Surgery Centers

Country – Market breakup in 26 viewpoints:

North America

• United States
• Canada

Europe

• France
• Germany
• Italy
• Spain
• United Kingdom
• Belgium
• the Netherlands
• Turkey

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Thailand
• Malaysia
• Indonesia
• New Zealand

Latin America

• Brazil
• Mexico
• Argentina

Middle East & Africa

• South Africa
• Saudi Arabia
• United Arab Emirates

Rest of the World
 

All the Key players have been covered from 5 Viewpoints:

• Overviews
• Key Person
• Recent Developments & Strategies
• Product Portfolio & Product Launch in Last 1 Year
• Revenue

Company Analysis:

1. Zimmer Biomet
2. Orthofix Medical Inc
3. Braun Meslungen AG
4. Stryker
5. Medtronic
6. Smith & Nephew
7. Integra LifeSciences

Report Details: