Trauma Fixation Device Market, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis
Trauma Fixation Devices Market Outlook
Trauma Fixation Devices Market size is expected to reach USD 12.42 Billion by 2030, in accordance Renub Research. Trauma is any sort of externally-caused bodily damage, consisting of fractures, dislocations, sprains and lines, and burns. Depending at the degree of the damage, trauma fixation devices are one of the scientific techniques utilized in trauma care. Trauma fixation devices are a crucial, first-line treatment for bone fractures and tissue degeneration. Although trauma fixation devices have been in use for decades, they have always been improved. Enhancing device engineering with high-overall performance polymers is perhaps the most capable development route.
According to World Health Organization (WHO) 2022, musculoskeletal situations are the main contributor to incapacity, and worldwide around 1.71 billion people are affected by musculoskeletal sicknesses inclusive of osteoporosis, osteoarthritis, rheumatoid arthritis, and others. As in line with the worldwide Osteoporosis Foundation (2022), over 8.9 million fractures related to osteoporosis occur annually. It is similarly stated that about 1 in 5 men and 1 in 3 ladies over the age of 50 are vulnerable to tormented by a fracture due to susceptible bones. Osteoporosis is one of the not unusual degenerative bone diseases wherein the frame begins to lose bone mass or makes too little bone. The osteoporotic bones tend to be much less dense, compared to a healthy person bone so they are greater susceptible to fractures.
Worldwide trauma devices market is expected to showcase a CAGR of 6.12% over the forecast period (2022-2030)
Furthermore, according to the World Health Organization factsheet (2022) on avenue road’s injuries, street accidents are the leading motive of fatality in youngsters and teens within the age organization 5-29 years. Approx. about 20-50 million peoples be afflicted by non-deadly accidents in avenue accidents resulting in an incapacity due to their damage. As the incidents stated above such as road injuries, and degenerative bone issues majorly result in bone fractures and dislocation which could extensively have an effect on the lifestyles of sufferers, devices such as trauma fixation devices are employed in the fixing of bone-associated deformities.
Another major aspect driving the trauma fixation devices market is the rising geriatric populace across the globe. The aged populace is vulnerable to numerous bone-associated problems and degenerative bone diseases. According to the United Nations, in 2021, there have been about 761 million people over the age of 65 years and above dwelling across the globe. The variety of the aged populace is similarly anticipated to double reaching over 1.6 billion for three decade. The elderly population is susceptible to growing degenerative bone problems greater regularly than the younger population.
Technology improvements in trauma fixation devices provide humans greater mobility, dexterity, and purposeful competencies. These trends have decreased the necessity for removal surgical procedure as well as long-time period interference with bones, muscle mass, and tendons. The commercialization of improved generation-based trauma fixation devices has boosted their demand amongst customers; therefore, technological progress is riding market demand. The global trauma fixation devices market changed into valued at USD 7.72 Billion in 2022.
Internal fixators section holds the large market share in the Trauma Fixation Device Industry.
By Products, Trauma Fixation Device Market is segmented into External Fixators, Internal Fixators and Others. The internal fixator section is critical in orthopedic and trauma surgeries for stabilizing bones and tissues. Technological improvements have produced specialized, pretty effective fixators for diverse medical conditions. Additionally, a rising elderly populace and accelerated sports-related injuries drive demand for orthopedic processes, strengthening the inner fixators market. Furthermore, the emphasis on minimally invasive surgical operation has expanded fixator adoption due to faster, much less invasive tactics. As healthcare evolves, this phase is likely to hold its influential position, shaping the future of musculoskeletal care.
Stainless Steel Trauma Fixation Device has maintained a dominant market share
By Material, Trauma Fixation Device Market is divided into Stainless Steel, Titanium & Others. Stainless steel trauma fixation devices have constantly maintained position in the field of trauma fixation. These implants are renowned for their extremely strength and sturdiness, playing an essential position in stabilizing fractures and assisting patients' recovery. The enduring prominence of stainless steel in this domain may be attributed to its potential to bear extensive mechanical stresses whilst implanted in the human body while also exhibiting remarkable resistance to corrosion—a crucial feature for devices designed for long term implantation.
Furthermore, stainless steel's compatibility with the human body and its potential to be absolutely seen in medical imaging, as a result of its radiopaque properties, make it a relied on preference for surgeons. This attribute enables the tracking of the recuperation technique and the perfect assessment of device placement, contributing to its large adoption in the field. These inherent advantages, combined with the material's availability and cost-effectiveness, have firmly entrenched stainless steel due to the desired option for trauma fixation, solidifying its prominent status in the industry.
Ambulatory surgery centers are is predicted to grow at the fastest rate during the forecast period.
By End User, Trauma Fixation Device Market is assessed into Hospitals, Special Clinics and Ambulatory Surgery Centers. Ambulatory surgical centers are poised for noteworthy growth in the upcoming years. These centers are recognized for their performance and comfort, are expected to enlarge swiftly within the coming years. Factors together with advances in minimally invasive methods, shorter recovery time, and cost-effectiveness are using this surge in popularity. Patients and healthcare providers alike are more and more favoring ambulatory surgical centers for a wide range of procedures, contributing to their projected dominance in the healthcare landscape. This trend underscores the evolving nature of healthcare delivery, emphasizing convenience and quality care of patients.
United States dominates the global trauma fixation devices market
By Countries, Trauma Fixation Device Market is split into United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Switzerland, Japan, China, India, Australia, South Korea, Brazil, Argentina, Saudi Arabia, South Africa, United Arab Emirates and Rest of World. United States maintains its supremacy in the global trauma fixation device market, driven by a surge in road injuries. With approximately 37,000 fatalities and 2.35 million accidents or disabilities attributed to injuries yearly in the U.S., according to the Association for Safe International Road Travel, the demand for trauma fixation devices has witnessed an outstanding upswing.
Furthermore, the prevalence of degenerative bone illnesses notably affects the U.S. Trauma fixation device market. These diseases, marked by way of joint irritation and structural deterioration, afflict more than 50 percentage of Americans aged 65 and older, according to the Centers for Disease Control and Prevention. With the CDC projecting that approximately 78 million (26%) U.S. People elderly 18 and older will be identified with arthritis by 2040; the demand for trauma fixation devices is poised for non-stop increase. The United States strong and efficient healthcare offerings, alongside a well-established infrastructure, propel market enlargement. Additionally, the presence of key market competition and supportive reimbursement applications gives substantial growth possibilities.
Key Player
Among the prominent participants in the trauma fixation devices market are Zimmer, Biomet, Orthofix Medical Inc, B. Braun Meslungen AG, Stryker, Medtronic, Smith & Nephew, and Integra LifeSciences.
Renub Research latest report “Trauma Fixation Device Market, Global Forecast By Products (External Fixators, Internal Fixators, Others), By Material (Stainless Steel, Titanium & Others), End User (Hospitals, Special Clinics and Ambulatory Surgery Centers), Region (North America (United States, Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Switzerland), Asia Pacific (Japan, China, India, Australia, South Korea), South America (Mexico, Brazil & Argentina) and Middle East and Africa (Saudi Arabia, South Africa & United Arab Emirates) and Rest of World), Companies (Zimmer, Biomet, Orthofix Medical Inc, B. Braun Meslungen AG, Stryker, Medtronic, Smith & Nephew, and Integra LifeSciences)” provides a detailed analysis of Trauma Fixation Device Industry.
Products – Market have been covered from 3 viewpoints:
1. External Fixators
2. Internal Fixators
3. Others
Material – Market have been covered from 3 viewpoints:
1. Stainless Steel
2. Titanium
3. Others
End User – Market have been covered from 3 viewpoints:
1. Hospitals
2. Special Clinics
3. Ambulatory Surgery Centers
Region – Market have been covered from 6 viewpoints:
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Spain
2.6 Switzerland
3. Asia Pacific
3.1 Japan
3.2 China
3.3 India
3.4 South Korea
3.5 Australia
4. Latin America
4.1 Mexico
4.2 Brazil
4.3 Argentina
5. Middle East and Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa
6. Rest of World
Company Insights:
• Overview
• Recent Development
• Revenue
Company Analysis:
1. Zimmer Biomet
2. Orthofix Medical Inc
3. B. Braun Meslungen AG
4. Stryker
5. Medtronic
6. Smith & Nephew
7. Integra LifeSciences
Report Details:
Report Features | Details |
Base Year | 2022 |
Historical Period | 2018 - 2022 |
Forecast Period | 2023 - 2030 |
Market | US$ Billion |
Segment Covered | Products, Material, End User, Countries |
Countries Covered | United States, Canada, German, United Kingdom, France, Italy, Spain, Switzerland, Japan, China, India, South Korea, Australia, Mexico, Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and Rest of World |
Companies Covered | Zimmer, Biomet, Orthofix Medical Inc, B. Braun Meslungen AG, Stryker, Medtronic, Smith & Nephew, and Integra LifeSciences |
Customization Scope | 20% Free Customization |
Post-Sale Analyst Support | 1 Year (52 Weeks) |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Trauma Fixation Device Market
6. Market Share Analysis – Global Trauma Fixation Device Market
6.1 By Products
6.2 By Material
6.3 By End User
6.4 By Countries
7. Product – Global Trauma Fixation Device Market
7.1 External Fixators
7.2 Internal Fixators
7.3 Others
8. Material – Global Trauma Fixation Device Market
8.1 Stainless Steel
8.2 Titanium
8.3 Others
9. End User – Global Trauma Fixation Device Market
9.1 Hospitals
9.2 Special Clinics
9.3 Ambulatory Surgery Centers
10. Countries – Global Trauma Fixation Device Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 Germany
10.2.2 United Kingdom
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Switzerland
10.3 Asia Pacific
10.3.1 Japan
10.3.2 China
10.3.3 India
10.3.4 South Korea
10.3.5 Australia
10.4 Latin America
10.4.1 Mexico
10.4.2 Brazil
10.4.3 Argentina
10.5 Middle East and Africa
10.5.1 Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 South Africa
10.6 Rest of World
11. Porter's Five Forces Analysis – Global Trauma Fixation Device Market
11.1 Threat of New Entry
11.2 The Bargaining Power of Buyer
11.3 Threat of Substitution
11.4 The Bargaining Power of Supplier
11.5 Competitive Rivalry
12. SWOT Analysis – Global Trauma Fixation Device Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threats
13. Key Players
13.1 Zimmer Biomet
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue
13.2 Orthofix Medical Inc
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenue
13.3 B. Braun Meslungen AG
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenue
13.4 Stryker
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenue
13.5 Medtronic
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenue
13.6 Smith & Nephew
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Revenue
13.7 Integra LifeSciences
13.7.1 Overview
13.7.2 Recent Development
13.7.3 Revenue
List of Figures:
Figure-01: Global – Trauma Fixation Device Market (Billion US$), 2018 – 2022
Figure-02: Global – Forecast for Trauma Fixation Device Market (Billion US$), 2023 – 2030
Figure-03: Product – External Fixators Market (Million US$), 2018 – 2022
Figure-04: Product – Forecast for External Fixators Market (Million US$), 2023 – 2030
Figure-05: Product – Internal Fixators Market (Million US$), 2018 – 2022
Figure-06: Product – Forecast for Internal Fixators Market (Million US$), 2023 – 2030
Figure-07: Product – Others Market (Million US$), 2018 – 2022
Figure-08: Product – Forecast for Others Market (Million US$), 2023 – 2030
Figure-09: Material – Stainless Steel Market (Million US$), 2018 – 2022
Figure-10: Material – Forecast for Stainless Steel Market (Million US$), 2023 – 2030
Figure-11: Material – Titanium Market (Million US$), 2018 – 2022
Figure-12: Material – Forecast for Titanium Market (Million US$), 2023 – 2030
Figure-13: Material – Others Market (Million US$), 2018 – 2022
Figure-14: Material – Forecast for Others Market (Million US$), 2023 – 2030
Figure-15: End User – Hospitals Market (Million US$), 2018 – 2022
Figure-16: End User – Forecast for Hospitals Market (Million US$), 2023 – 2030
Figure-17: End User – Special Clinics Market (Million US$), 2018 – 2022
Figure-18: End User – Forecast for Special Clinics Market (Million US$), 2023 – 2030
Figure-19: End User – Ambulatory Surgery Centers Market (Million US$), 2018 – 2022
Figure-20: End User – Forecast for Ambulatory Surgery Centers Market (Million US$), 2023 – 2030
Figure-21: United States – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-22: United States – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-23: Canada – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-24: Canada – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-25: Germany – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-26: Germany – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-27: United Kingdom – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-28: United Kingdom – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-29: France – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-30: France – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-31: Italy – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-32: Italy – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-33: Spain – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-34: Spain – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-35: Switzerland – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-36: Switzerland – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-37: Japan – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-38: Japan – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-39: China – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-40: China – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-41: India – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-42: India – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-43: South Korea– Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-44: South Korea– Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-45: Australia – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-46: Australia – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-47: Mexico – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-48: Mexico – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-49: Brazil – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-50: Brazil – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-51: Argentina – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-52: Argentina – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-53: Saudi Arabia – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-54: Saudi Arabia – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-55: United Arab Emirates – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-56: United Arab Emirates – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-57: South Africa – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-58: South Africa – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-59: Rest of World market – Trauma Fixation Device Market (Million US$), 2018 – 2022
Figure-60: Rest of World market – Forecast for Trauma Fixation Device Market (Million US$), 2023 – 2030
Figure-61: Zimmer Biomet – Global Revenue (Million US$), 2018 – 2022
Figure-62: Zimmer Biomet – Forecast for Global Revenue (Million US$), 2023 – 2030
Figure-63: Orthofix Medical Inc – Global Revenue (Million US$), 2018 – 2022
Figure-64: Orthofix Medical Inc – Forecast for Global Revenue (Million US$), 2023 – 2030
Figure-65: B. Braun Meslungen AG – Global Revenue (Million US$), 2018 – 2022
Figure-66: B. Braun Meslungen AG – Forecast for Global Revenue (Million US$), 2023 – 2030
Figure-67: Stryker – Global Revenue (Million US$), 2018 – 2022
Figure-68: Stryker – Forecast for Global Revenue (Million US$), 2023 – 2030
Figure-69: Medtronic – Global Revenue (Million US$), 2018 – 2022
Figure-70: Medtronic – Forecast for Global Revenue (Million US$), 2023 – 2030
Figure-71: Smith & Nephew – Global Revenue (Million US$), 2018 – 2022
Figure-72: Smith & Nephew – Forecast for Global Revenue (Million US$), 2023 – 2030
Figure-73: Integra LifeSciences – Global Revenue (Million US$), 2018 – 2022
Figure-74: Integra LifeSciences – Forecast for Global Revenue (Million US$), 2023 – 2030
List of Tables:
Table-01: Global – Trauma Fixation Device Market Share by Products (Percent), 2018 – 2022
Table-02: Global – Forecast for Trauma Fixation Device Market Share by Products (Percent), 2023 – 2030
Table-03: Global – Trauma Fixation Device Market Share by End User (Percent), 2018 – 2022
Table-04: Global – Forecast for Trauma Fixation Device Market Share by End User (Percent), 2023 – 2030
Table-05: Global – Trauma Fixation Device Market Share by Region (Percent), 2018 – 2022
Table-06: Global – Forecast for Trauma Fixation Device Market Share by Region (Percent), 2023 – 2030
Table-07: Global – Trauma Fixation Device Market Share by Region (Percent), 2018 – 2022
Table-08: Global – Forecast for Trauma Fixation Device Market Share by Region (Percent), 2023 – 2030
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