The global internal trauma fixation devices market is expected to witness robust growth in the coming years, driven by rising geriatric population and increasing incidence of injuries from falls and accidents. A new report by Transparency Market Research provides an in-depth analysis of the key factors influencing market demand and revenue growth.
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Closure devices currently dominate the product segment due to their ease of use and lower risk of infection compared to bone cement devices. Within closure devices, plates are expected to remain the largest product type.
Titanium and stainless steel collectively account for over 70% of the material segment due to their biocompatibility, strength and corrosion resistance. However, polyether ether ketone (PEEK) materials are gaining traction due to better fatigue strength and radiolucency.
Hospitals form the major end-user segment, driven by increasing number of orthopedic surgeries globally. Ambulatory surgical centers are expected to witness highest growth during the forecast period.
North America holds the leading regional market share currently. However, Asia Pacific is poised to emerge as the fastest growing regional market by 2026, supported by improving healthcare infrastructure and rising medical tourism in the region.
Key players are focusing on developing advanced biomaterial-based implants and minimally invasive surgical techniques to strengthen their market position. Partnerships and acquisitions are also common in this competitive landscape.