Orthopedic Trauma Devices Market 2022
The global Orthopedic Trauma Devices Market is expected to reach US$ 18 Bn by the year 2031 at a CAGR of 8%. Healthcare systems have been emphasizing affordability as well as the quality of medical services. However, now, digitization has come through, which would drive a revolution in the same healthcare vertical. 3D bioprinting technology is one such innovation, which is bound to simplify medications. This would be the way the healthcare vertical would go in the next 10 years.
The global orthopedic trauma devices market is expected to be worth around US$ 9 Bn in 2021. Sales of orthopedic trauma devices are estimated to be valued at US$ 18 Bn by the end of 2031. Increasing instances of road accidents and severe fractures is expected to be the key driving factor for the demand and sales of orthopedic trauma devices.
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Globally, the orthopedic trauma devices market is witnessing a significant growth due to increase in incidence of fractures cases and increasing demand for better facilities in orthopedic trauma surgeries.
Some of the major driving factors for orthopedic trauma devices market are raising number of participations in sports and increase in aged population. In addition, government and multinational companies are increasing their investments in this industry. Increasing demand of better facilities in trauma surgeries has also setup the positive growth rate of orthopedic trauma devices market.
However, various factors such as double surgery and absence of health insurance in developing countries, high cost of surgeries involved and less awareness are some of the major restrains faced by orthopedic trauma fixation device market.
Key Companies-
- DePuy Synthes.
- Johnson & Johnson company.
- Medtronic, Inc.
- CONMED, Tornier, Inc.
- Arthrex, Inc.
- Smith & Nephew and Stryker.
- Other
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North America, including the U.S. holds the largest market of orthopedic trauma fixation device. Asian region are witnessing the fastest growth of orthopedic trauma devices market. Some of the fastest growing markets for orthopedic trauma are China, Japan, India and other countries in Southeast Asia and the Eastern Mediterranean.
On the basis of the type of fixator, internal fixator has the largest market in the orthopedic trauma devices market and is expected to expand at a steady CAGR during 2021-2031. Plate and screw systems are the mostly used internal fixators for fixing a traumatized fracture. Plate and screw system market is expected to expand at a CAGR of approximately 7.1% during 2021-2031.
Various major companies dealing in orthopedic trauma devices market are increasing their investment in manufacturing of bioabsorbable fixation devices. Bioabsorbable fixation devices market is witnessing significant growth and it is expected to surge at a CAGR of approximately 8.4% during 2021–2031.
DePuy Synthes, a Johnson & Johnson company is a leading player in the global market for orthopedic trauma devices. The top 5 players in the market held 71.8% of global market share in the year 2020. Some of the other companies dealing in orthopedic trauma devices market are Stryker Corporation, Zimmer Holding Inc., Smith & Nephew, Orthofix Holding Inc. and others.
The global orthopedic trauma devices market is segmented as follows:
Type of Fixator
- Internal Fixator
- External Fixator
Type of Internal Fixator
- Intramedullary Nail
- Intramedullary Screw
- Plate and Screw System
Composition
- Metallic Fixators
- Bioabsorbable Fixators
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Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others
Key Questions Answered in This Report –
- How much is the orthopedic trauma devices market worth at present?
- What is the sales forecast for orthopedic trauma devices?
- At what CAGR has the market for orthopedic trauma devices expanded over the past 5 years?
- What is the market share of the top 5 players of orthopedic trauma devices?
- Who are the key exporting companies of orthopedic trauma devices?
- What is the share of North America in the global orthopedic trauma devices market?
- Which are the key countries manufacturing orthopedic trauma devices?
- What is the growth forecast for the European market?
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