The global Orthopaedic Trauma Devices Market generated US$ 9.9 billion in revenue in 2022, and it is anticipated that this market will rise at a CAGR of 6.04% to reach an estimated US$ 19.2 billion in valuation by the end of 2033.
Persistence Market Research estimates that by 2033, the market for internal fixators as goods will be worth roughly US$15.1 Bn. The global orthopaedic devices market, estimated at around US$ 39.17 Bn in 2022, has an overall revenue share of approximately 25.4% from sales of orthopaedic trauma devices.
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From 2013 to 2022, the global market experienced a historic CAGR of 6.02%. Bone fixation almost invariably requires the use of implants in orthopaedics. From being inert to mimicking the shape of the bone, the materials used for the implant have evolved over time.
As a result, materials that are bioactive, biocompatible, and absorbable have been created. The main goal of external fixation is to maintain the stability of the fracture’s length, alignment, and rotation. External fixation can be employed for both short-term and long-term solutions. Both methods can be employed in addition to partial internal fixation, if necessary.
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Key Segments : Orthopedic Trauma Devices Market Global Industry Research
By Product : Internal Fixators
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- Screws
- Plates
- Intramedullary Nails
- Others
External Fixators
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- Unilateral Fixators
- Circular Fixators
- Hybrid Fixators
By End User:
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- Hospitals
- Orthopedic and Trauma Centers
- Ambulatory Surgical Centers
By Region:
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- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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Competition Landscape
The primary methods used by manufacturers to boost product sales in various locations are mergers, acquisitions, expansion, product launches, and agreements.To strengthen their product portfolios, the companies in the market are concentrating on launching new products.
Some key instances of development include:
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- In a few EMEA areas, Zimmer Biomet trauma implants with Bactiguard coating were introduced in June 2021.
- The CitrelockTM Tendon Fixation Device System was introduced by Stryker’s Trauma & Extremities business in September 2021.
- The novel system offers surgeons a distinct design through a tendon thread made of CitregenTM, a resorbable material with special chemical and mechanical characteristics for orthopaedic surgical applications.
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