Orthopedic Trauma Devices Market 2022
The Orthopedic Trauma Devices market constitutes things as simple as bandages and tongue depressors and things as complex as sophisticated imaging systems and programmable pacemakers. The major categories are inclusive of surgical instruments and implants, electro-medical equipment, medical supplies, irradiation apparatuses, in-vitro diagnostic equipment and reagents, and dental goods. With increase in healthcare spending, there would be nothing to hold healthcare equipment market back in the forecast period.
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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.
Persistence Market Research Released New Market Report on the “Global Market Study on Orthopedic Trauma Devices: External Fixator to Witness Highest Growth by 2031”.The market was valued at US$ 8.5 Bn in 2020, and is expected to surge at a CAGR of around 8% from 2021 to 2031, to reach an estimated demand outlook value of US$ 18 Bn in 2031.
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.
Company Profiles:
- DePuy Synthes.
- Johnson & Johnson company.
- Medtronic, Inc.
- CONMED, Tornier, Inc.
- Arthrex, Inc.
- Smith & Nephew and Stryker.
- Other
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.
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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
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
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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