Trauma Fixation Devices Market 2019 Key Players Analysis, Business Growth, Regional Trends, Development Status, Sales Revenue Forecast to 2025

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Market Study Report Has Added A New Report on Trauma Fixation Devices Market That Provides A Comprehensive Review of This Industry with Respect to The Driving Forces Influencing the Market Share. Comprising the Current and Future Trends Defining the Dynamics of This Industry Vertical, This Report Also Incorporates the Regional Landscape of Trauma Fixation Devices Market In Tandem With Its Competitive Terrain.  

Trauma Fixation Devices Market will exceed USD 9.5 billion by 2025; as per a new research report. U.S. trauma fixation devices market held a majority of the market share and valued at 4 billion in the year 2018. Rising prevalence of medical conditions such as osteoporosis and other bone diseases will foster market growth in the country. As per the National Osteoporosis Foundation reported in 2014 in the U.S., about 10.2 million individuals suffer from osteoporosis and nearly 43.4 million individuals have low bone mass, thereby increasing the regional growth. India trauma fixation devices market is forecasted to expand at 7.7% CAGR during the analysis period. The region offers lucrative growth opportunity owing to the increasing geriatric population base. Moreover, growing awareness among the population about various internal trauma fixation devices, rise in healthcare expenditure, and an increase in demand for minimally invasive procedures will further augment market growth.

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Industry players having a strong foothold include Stryker Corporation, Depuy Synthes (Johnson & Johnson), Smith & Nephew, and Zimmer Biomet, Inc. Other notable participants include Conmed Corporation, B. Braun Melsungen AG, Integra Lifesciences and Wright Medical Group N.V. Additionally, novel product launch in developed as well as developing economies by these companies enable them to serve a broader customer base.

Stainless steel segment accounted for the largest market share of 54% in 2018. Stainless steel is one of the most commonly used biomaterials in internal fixation implants because of its superior features such as corrosion resistant and cost-effectiveness in comparison to other biomaterials.  Moreover, countries with low income mostly prefer usage of stainless steel due to its cost-effectiveness, biocompatibility, and tensile properties thus, increasing segmental growth.

Upper extremities segment is forecasted to expand at 5.4% CAGR during the projected timeframe. Increase in incidence of sports-related injuries and orthopedic diseases will stimulate upper extremities market over the forecast timeframe. Additionally, a rise in number of baby boomers that are prone to injuries will drive the segmental growth in the coming years.

Hospital segment accounted for the largest market of 2.6 billion in 2018. Growing number of injuries related to sports and rise in number of road accidents have increased segmental growth. Also, the growing infrastructure to provide improved and advanced technological trauma fixation procedures in these facilities will enhance market growth. Additionally, cost effective treatments provided by various government hospitals in developing countries will drive the segmental growth.

Increase in the number of road accidents due to urbanization and industrialization is expected to boost trauma fixation devices market during the forecast period. According to the Association for Safe International Road Travel (ASIRT), about 1.3 million individuals die from road accidents each year, and approximately 20-30 million gets disabled or injured. Growing injuries and fractures will spur trauma fixation market.

Surge in the adoption rate of technologically advanced trauma fixation products coupled with growing geriatric population pool is augmenting market growth over the forecast timeframe. Geriatric population is more prone to hip fractures due to falls. Additionally, increasing prevalence of degenerative bone disorders such as osteoporosis and arthritis will further augment trauma fixation devices market growth during the forecast timeframe. 

However, side effects such as rash and allergic reactions associated with trauma care procedures are hindering the adoption rate of trauma fixation devices market. Also, the lack of skilled professionals to operate complex devices will hamper market growth.

Internal fixators held the largest market share, accounting for a total value of USD 4.2 billion in 2018. High growth is due to a rise in demand for such products due to its extensive features such as its flexibility, cost-effectiveness, durability, stability and better bone fixation. These fixators provide the necessary support to the bone and results in rapid recovery from the medical condition. Additionally, internal fixators also reduce stay in hospitals and enhance the bone healing process. Aforementioned factors will further augment segment growth.

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Report Content

Chapter 1.  Methodology

1.1. Methodology

1.2. Market definition

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1.   Paid sources

1.4.1.2.   Unpaid sources

1.4.2. Primary

Chapter 2.  Executive Summary

2.1. Trauma fixation devices industry 360 degree synopsis, 2014 – 2025

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  Material trends

2.1.4.  Site trends

2.1.5.  End-use trends

2.1.6.  Regional trends

Chapter 3.  Trauma Fixation Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1.  Increasing prevalence of degenerative bone diseases

3.3.1.2.  Rising incidence of injuries

3.3.1.3.  Growing technological advancements in trauma fixation devices

3.3.1.4.  Increasing rate of geriatric population

3.3.2.  Industry pitfalls & challenges

3.3.2.1.  Lack of skilled professionals

3.3.2.2.  Post-surgery complications

3.4.  Growth potential analysis

3.4.1.  By product

3.4.2.  By material

3.4.3.  By site

3.4.4.  By end-use

3.5. Regulatory scenario

3.6. Porter’s analysis

3.7. Competitive landscape, 2018

3.7.1.  Company market share analysis, 2018

3.7.2.  Strategy dashboard

3.8. PESTEL analysis

Chapter 4.  Trauma Fixation Devices Market, By Product

4.1. Key segment trends

4.2. External fixators

4.2.1.  Market size, by region, 2014 – 2025 (USD Million)

4.2.2.  Unilateral and bilateral

4.2.2.1.  Market size, by region, 2014 – 2015 (USD Million)

4.2.3.  Circular

4.2.3.1.  Market size, by region, 2014 – 2015 (USD Million)

4.2.4.  Hybrid

4.2.4.1.  Market size, by region, 2014 – 2015 (USD Million)

4.3. Internal fixators

4.3.1.  Market size, by region, 2014 – 2025 (USD Million)

4.3.2.  Plates

4.3.2.1.  Market size, by region, 2014 – 2015 (USD Million)

4.3.3.  Screws

4.3.3.1.  Market size, by region, 2014 – 2015 (USD Million)

4.3.4.  Nails

4.3.4.1.  Market size, by region, 2014 – 2015 (USD Million)

4.3.5.  Others

4.3.5.1.  Market size, by region, 2014 – 2015 (USD Million)

4.4. Others

4.4.1.  Market size, by region, 2014 – 2025 (USD Million)

Chapter 5.  Trauma Fixation Devices Market, By Material

5.1. Key segment trends

5.2. Stainless steel

5.2.1.  Market size, by region, 2014 – 2025 (USD Million)

5.3. Titanium

5.3.1.  Market size, by region, 2014 – 2025 (USD Million)

5.4. Others

5.4.1.  Market size, by region, 2014 – 2025 (USD Million)

Chapter 6.  Trauma Fixation Devices Market, By Site

Chapter 7.  Trauma Fixation Devices Market, By End-use   

7.1. Key segment trends

7.2. Hospitals

7.2.1.  Market size, by region, 2014 – 2025 (USD Million)

7.3. Ambulatory surgical centers

7.3.1.  Market size, by region, 2014 – 2025 (USD Million)

7.4. Orthopedic centers

7.4.1.  Market size, by region, 2014 – 2025 (USD Million)

Chapter 8.  Trauma Fixation Devices Market, By Region

Chapter 9.     Company Profiles

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The post Trauma Fixation Devices Market 2019 Key Players Analysis, Business Growth, Regional Trends, Development Status, Sales Revenue Forecast to 2025 appeared first on America News Hour.