Trauma Fixation Devices Market is anticipated to reach USD 11.0 billion, at a CAGR of 5.4% during the forecast period 2021-2031 | Wright Medical Group, Inc., Orthofix International N.V., Cardinal Health Inc, Medtronic

The global trauma fixation devices market was valued at USD 6.5 billion in 2021 and it is anticipated to grow up to USD 11.0 billion by 2031, at a CAGR of 5.4% during the forecast period.

Trauma fixation devices are devices that are used to stabilize bones and soft tissue in order to allow the body to heal from injuries. These devices can be external or internal, and are typically made from metal or plastic. External devices include casts and splints, while internal devices include screws, plates, and pins.

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Market Trends and Drivers

Growing incidence of road accidents across the globe will boost the market expansion

Rising incidence of road accidents is estimated to propel the trauma fixation devices market progression. According to the World Health Organization (WHO), approximately 1.25 million fatalities are observed annually due to road traffic accidents and crashes. An additional 20-50 million people suffer from non-fatal injuries, with many incurring physically disabilities. Thus, road traffic accidents are considered as one of the leading causes of death and disability across the globe.

Market Restraints and Challenges

Trauma fixation devices are used for complex surgical procedures. Moreover, handling the latest technologically advanced products requires skilled professionals. However, the lack of trained professionals to operate advanced trauma fixation devices is anticipated to cause hindrance in the industry expansion. Furthermore, the novel trauma fixation devices are associated with complex surgical procedures requiring skilled healthcare professionals to operate, thus hampering the industry progression. With majority of the underdeveloped and developing economies lacking the adequate human and infrastructural resources, it is predicted to hamper the industry demand to certain extent over the coming years.

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Global Trauma Fixation Devices Market Segmentation

By Product

  • External Fixators
  • Internal Fixators
  • Others
Major Players in the Global Trauma Fixation Devices Market

The key players in the market Zimmer Biomet Holdings, Inc., Stryker Corporation, Johnson and Johnson (DePuy Synthes), Wright Medical Group, Inc., Orthofix International N.V., Cardinal Health Inc, Medtronic, Integra LifeSciences, Double Medical Technology Inc., and Citieffe S.R.L, among others.

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