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 use and awareness of trauma devices. Additionally, governments in developing countries (such as China, Brazil, Russia, India and South Africa) have reformed the public healthcare system and made services more accessible. When these two elements cooperate, market developments have more freedom and clinical research innovation in emerging markets is increased.
According to Data Bridge Market Research the Trauma Fixation Market accounted for USD 9370.22 million in 2021, and expected to reach USD 20,528.35 million by 2029. The market is expected to grow with a CAGR of 10.3% in the forecast period of 2022 to 2029.
“Growing Geriatric Population Will Aid Growth”
The number of elderly people in the world is rising quickly. As people get older, there is a corresponding rise in the number of senior patients admitted to hospitals with fatal traumatic injuries. Additionally, there is an increase in demand for physical injury diagnosis and treatment due to the rising prevalence of musculoskeletal illnesses. As a result, there is a growing need for trauma fixation devices in the worldwide healthcare system.
What restraints the growth of Trauma Fixation Market?
“Unskilled Professionals”
The market demand for trauma fixation devices is anticipated to be hampered by the range of hazards and health consequences linked to them as well as the requirement for additional surgical intervention to fix some of them. Thus, it is anticipated that the expansion of the worldwide trauma fixation market will be restrained by the health issues related to trauma fixation devices.
The market may be challenged by a lack of professionals with the necessary skills to employ trauma care products. Depending on the damage site, traumatic injuries can range in severity from simple wounds to complex traumas. The trauma center staff must therefore use caution when executing the procedure. The scenario for the team is made difficult by the state of the trauma patients.
Segmentation: Trauma Fixation Market
The trauma fixation market is segmented on the basis of product type, application, material, end user and distribution channel.
- On the basis of product type, the global trauma fixation market is segmented into external fixator devices and internal fixator devices.
- On the basis of application, the global trauma fixation market is segmented into shoulder and elbow, hand and wrist, foot and ankle, craniomaxillofacial, tibia, knee, spinal, pelvic, hip and femur and others.
- On the basis of material, the global trauma fixation market is segmented into metallic implant (steel, titanium and other), hybrid implant, bio absorbable, carbon fiber (thermoplastic) and grafts and orthobiologics.
- On the basis of end user, the global trauma fixation market is segmented into hospitals, trauma centers, ambulatory center and others.
- On the basis of distribution channel the global trauma fixation market is segmented into direct sales, retail sales and online sales.
Regional Insights: North America is expected to dominate the Trauma Fixation Market
North America is expected to dominate the market due to the rise in demand for procedures utilizing trauma fixation devices is being influenced by the increasing frequency of orthopaedic illnesses such as osteoporosis and rheumatoid arthritis. Approximately 1.71 billion people worldwide suffer from one or more musculoskeletal diseases, according to data from the World Health Organization (WHO).
- In addition, the Asia-Pacific region is likely to register highest growth rate during the forecast period of 2022 to 2029 due to the the global healthcare infrastructure's sophistication, the wide variety of services available and the population's comprehensive coverage. Also, this region is growing due to an expansion in the patient pool, especially the elderly population which is growing exponentially.
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Recent Developments in Trauma Fixation Market
- In 2021, The ROSA Hip system for the treatment of total hip arthroplasty was announced by the FDA, according to an announcement made by Zimmer Biomet Holdings Inc. By evaluating cup orientation, leg length, and offset intraoperatively, this robotic device is intended to assist surgeons in the assessment and execution of their surgical plan.
The Prominent Key Players Operating in the Trauma Fixation Market Include:
- Weigao group (China)
- Orthofix US LLC. (U.S.)
- CONMED Corporation (U.S.)
- Wright Medical Group N.V. (U.S.)
- Acumed LLC (U.S.)
- Medtronic (Ireland)
- Smith+Nephew (U.K.)
- Zimmer Biomet (U.S.)
- B. Braun SE (Germany)
- Stryker (U.S.)
- Implantate AG (Germany)
- Johnson & Johnson Private Limited (U.S.)
- Inion (Finland)
- Arthrex Inc. (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of Trauma fixation market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Trauma Fixation Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
