Orthopedic Trauma Fixation Devices Market Size By Type (Internal Fixator and External Fixator), By End-User (Hospitals, Orthopedic Trauma Centers, and Ambulatory Surgicals Centers), Regions, Segmentation, and Projection till 2030
CAGR: 8%Current Market Size: USD 8.9 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
Global Orthopedic Trauma Fixation Devices Market- Market Overview:
The global orthopedic trauma fixation devices market is expected to grow from USD 8.9 billion in 2022 to USD 16.4 billion by 2030, at a CAGR of 8% during the Projection period 2023-2030. The growth of the orthopedic trauma fixation devices market is mainly driven owing to the rise in the prevalence and incidence of bone fractures, the growing geriatric population, wide range of products offered by market players leading.
Depending on the degree of the injury, trauma devices are one of the clinical techniques utilized in trauma care. Any physical harm due to an external force is referred to as trauma, including burns, sprains, strains, fractures, and dislocations. Particularly in long bones cases, such as fractures, these techniques are used. The upper and lower extremities, including the knee, joint, leg, and spine, are among the various sites that trauma devices can treat. Additionally, polymeric materials are being used more frequently in trauma devices to improve outcomes. The need for orthopedic trauma devices has increased due to an increase in traffic accidents and trauma cases. The demand for implants and prosthetics is on the rise and is only anticipated to do so in the future. In order to avoid infections, Swedish medical device company Bactiguard has joined with Zimmer Biomet, a leading producer of orthopedic trauma devices. This joint venture has now introduced Zimmer Natural Nail (ZNN) Bactiguard implants, which are already offered in a few EMEA markets and will likely soon be made available worldwide. The aging population increased healthcare expenditures, and an increase in preventative measures for various orthopedic-related issues are some of the major market-driving drivers for the orthopedic trauma fixation devices market. The primary causes of trauma fracture cases are increased sports activity and an increase in traffic accidents. The orthopedic trauma fixation devices market has expanded as a result of rising consumer demand for better facilities for orthopedic trauma surgeries and rising investments by governments and international corporations. However, the industry is constrained by issues like high surgical costs, low awareness, repeated procedures, and the absence of health insurance in underdeveloped nations.
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Market Dynamics:
Drivers:
- Rising Incidences of Road and Sports Accidents
Road accidents are an unfortunate and frequent occurrence that can result in serious injuries or even a person's death. The main cause of death globally continues to be car accidents and traffic collisions. Due to a variety of causes, including speeding and distracted driving, the incidence of fatalities in traffic accidents has grown.
Restraints:
- Risks Associated with The Surgery
Trauma fixation devices have a variety of dangers and health issues, and some of them require additional surgical intervention to be fixed, which is likely to reduce consumer demand for them. Thus, it is anticipated that the health issues related to trauma fixation devices will limit the growth of the worldwide orthopedic trauma fixation market.
Opportunities:
- Increasing Awareness
The leading cause of the population's increase in traumatic complications is the regular occurrence of mass gunshot injuries, automobile accidents, explosions, and burns. It is anticipated that increasing modernization and public awareness of trauma incidences and cases would enhance the use and awareness of trauma devices. Additionally, governments in developing nations (such as China, Brazil, Russia, India, and South Africa) have reformed the public healthcare system and made services more accessible.
Challenges:
- Lack of Skilled Professionals
The orthopedic trauma fixation devices market may be challenged by a lack of skilled professionals who can employ trauma care techniques. Depending on the location of the damage, traumatic injuries can range from simple wounds to severe traumas. As a result, the trauma center staff must exercise caution when executing the treatment. The position of the trauma team is made difficult by the state of the traumatized patients.
Segmentation Analysis:
The global orthopedic trauma fixation devices market has been segmented based on type, end-user, and region.
By Type
The type segment is an internal fixator and external fixator. The internal fixator segment led the largest share of the orthopedic trauma fixation market with a market share of around 55% in 2022. To fixate and stabilize severe fractures and dislocations, internal fixators are employed. In order to give the patient's shattered bones the proper shape and keep them bearing weight, internal fixators are surgically placed within the human body. These tools hasten the healing of broken bones by restricting their movement. Internal fixators are made from alloys of steel, nickel, or titanium. These tools may be modified to fit the contour of the bone and are corrosion-resistant, making them secure. Additional divisions within the internal fixators category include wires, staples, plates, screws, and intramedullary nails.
By End-User
The end-user segment is hospitals, orthopedic trauma centers, and ambulatory surgical centers. The hospital’s segment led the largest share of the orthopedic trauma fixation market with a market share of around 35% in 2022. Due to the expansion of healthcare facilities in developed economies and the exponential rise in hospital admissions brought on by an increase in the frequency of traffic accidents and other sports injuries, hospitals controlled the orthopedic trauma devices market.
Global Orthopedic Trauma Fixation Devices Market- Sales Analysis.
The sale of orthopedic trauma fixation devices expanded at a CAGR of 9.30% from 2016 to 2022.
The orthopedic trauma devices market is most likely to be positively impacted by the prevalence of osteoarthritis and rheumatoid arthritis. A significant driver driving the need for the orthopedic trauma devices market is the demand for improved facilities in orthopedic trauma and surgical centers, which is in addition to an increase in the number of traumatic orthopedic injury patients. During the Projection period, rising consumer interest in sports and related activities is anticipated to drive market expansion. Another significant reason that is anticipated to drive demand for orthopedic trauma devices is the aging population. The need for the orthopedic trauma devices market is predicted to increase as a result of numerous governments and MNCs expanding their investments in the orthopedic trauma and surgery sector.
The market expansion, particularly in developing countries, is projected to be constrained by relatively low awareness of the availability of orthopedic trauma devices and by higher costs for these devices. The orthopedic trauma devices market may also be severely impacted by double surgery situations and patients lack of health insurance. The traditional orthopedic trauma device is continually being improved by technological breakthroughs. Devices for trauma fixation that are incredibly precise and adaptable are currently popular on the international market. Additionally, the rising acceptance of hybrid plate and screw systems is anticipated to positively impact market expansion. In emerging nations, where healthcare investments have increased recently, there are lucrative opportunities.
Thus, owing to the aforementioned factors, the global orthopedic trauma fixation devices market is expected to grow at a CAGR of 8% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the orthopedic trauma fixation devices market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the orthopedic trauma fixation devices market and held a 42% share of the market revenue in 2022.
- The North America region witnessed a major share. The need for trauma fixation devices decreased in 2020 as a result of COVID-19's introduction. The decrease in the number of fractures in patients and the postponement of orthopedic procedures are the main causes of this. But now that operations have resumed, it is anticipated that the market will grow in the years to come. Syosset Hospital in the United States started providing elective surgery again in May 2020, including orthopedic and trauma procedures. The rise in geriatric patients, the rising prevalence of osteoporosis and other bone illnesses, and the rise in burn cases are the main drivers of market expansion.
- Asia-Pacific is anticipated to experience significant growth during the Projection period. This is because there are important companies and a strong global healthcare infrastructure. A rich pool of chances is anticipated to be created for the top group of enterprises in the international market as a result of rising outpatient surgical procedure demand and increasing funding for the provision of first-rate trauma treatment. Another significant opportunity is the market's development of new and potent products for use in the treatment of trauma.
Global Orthopedic Trauma Fixation Devices Market- Country Analysis:
- Germany
Germany's orthopedic trauma fixation devices market size was valued at USD 0.14 billion in 2022 and is expected to reach USD 0.20 billion by 2030, at a CAGR of 5% from 2023 to 2030. Due to the presence of significant market participants who offer a broad range of medications and a well-developed healthcare infrastructure in this area, Germany dominates due to a flexible range of service options and huge population coverage.
- China
China’s orthopedic trauma fixation devices market size was valued at USD 0.23 billion in 2022 and is expected to reach USD 0.39 billion by 2030, at a CAGR of 7% from 2023 to 2030. Due to a growing patient base, particularly a senior population that is growing exponentially, China is dominating.
- India
India's orthopedic trauma fixation devices market size was valued at USD 0.20 billion in 2022 and is expected to reach USD 0.31 billion by 2030, at a CAGR of 6% from 2023 to 2030. Leading producers of orthopedic trauma devices in India are likely to come across a number of lucrative opportunities in the near future, including a rise in the demand for orthopedic and trauma surgeries, increased funding for providing state-of-the-art trauma care, and ongoing development of novel, effective, and efficient orthopedic trauma care products.
Key Industry Players Analysis:
To increase their market position in the global orthopedic trauma fixation devices business, top companies focus on adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
- DePuy Synthes
- Johnson & Johnson company
- Stryker Corporation
- Zimmer Holding Inc.
- Smith & Nephew
- Orthofix International
- Biomet
- Medtronic
- NuVasive
Latest Development:
- In October 2020, The "FIBULINK Syndesmosis Repair System" was introduced in the US by DePuy Synthes (Johnson & Johnson). The gadget is intended to treat traumatic syndesmosis injuries.
- In July 2020, Orthofix's "JuniOrtho plating system" was given the CE Mark and the US Food and Drug Administration's clearance. The lower extremities of pediatric patients who have extensive deformities and trauma reconstruction can use this device.
Report Metrics
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Report Attribute |
Details |
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Study Period |
2022-2030 |
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Base year |
2022 |
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CAGR (%) |
8% |
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Market Size |
8.9 billion in 2022 |
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Projection period |
2023-2030 |
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Projection unit |
Value (USD) |
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Segments covered |
By Type, By End-User, and By Region. |
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Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
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Companies covered |
DePuy Synthes, Johnson & Johnson company, Stryker Corporation, Zimmer Holding Inc., Smith & Nephew, Orthofix International, Biomet, Medtronic, and NuVasive. |
|
By Type |
|
|
By End-User |
|
|
Regional scope |
|
Scope of the Report
Global Orthopedic Trauma Fixation Devices Market By Type:
- Internal Fixator
- External Fixator
Global Orthopedic Trauma Fixation Devices Market By End-User:
- Hospitals
- Orthopedic Trauma Centres
- Ambulatory Surgicals Centres
Global Orthopedic Trauma Fixation Devices Market By Region:
- North America
- USA
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Asia-Pacific
- Japan
- China
- India
- Korea
- Southeast Asia
- South America
- Brazil
- Peru
- Middle East and Africa
- UAE
- South Africa
- Saudi Arabia
Frequently Asked Questions
What will be the expected market size of the orthopedic trauma fixation devices market in 2030?
Global orthopedic trauma fixation devices market is expected to reach USD 16.4 billion by 2030
What is the CAGR of the orthopedic trauma fixation devices market?
The orthopedic trauma fixation devices market is projected to have a CAGR of 8%.
What are the key factors for the growth of the orthopedic trauma fixation devices market?
The industry is now seeing a major boost from an expanding senior population as well as an increasing number of orthopedic illness cases. The strong presence of top local players in each region's market is crucial in the sales of orthopedic trauma fixation devices.
Which are the leading market players active in the orthopedic trauma fixation devices market?
Leading market players active in the global orthopedic trauma fixation devices market is DePuy Synthes, a Johnson & Johnson company, Stryker Corporation, Zimmer Holding Inc., Smith & Nephew, Orthofix International, Biomet, Medtronic, NuVasive among other
What is the end-user segment of the orthopedic trauma fixation devices market?
Based on end-user, the orthopedic trauma fixation devices market is segmented into hospitals, orthopedic trauma centers, and ambulatory surgical centers.
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