Trauma Fixation Devices Market DePuy Synthesis, Smith & Nephew, Stryker Corporation, Zimmer, and Biomet are the major companies

Trauma Fixation Devices Market Overview

According to the Centers for Disease Control and Prevention (CDC), trauma is defined as “an injury or wound to a living body caused by the application of external force or violence”. The physical injuries such as burns, fractures, sprains, dislocations, and strains are all classified under trauma. Currently, to treat trauma various treatments are available based on the severity of the injury. Trauma fixation devices are one of the key treatment methods for the aforementioned medical conditions. 

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The upsurge in global geriatric population has augmented the growth of the market, as the aged people possess higher risk for osteoporosis leading to an increased demand for trauma fixation devices. Further, increase in disposable incomes and growing awareness about latest developments in medical field along with the availability of advanced medical facilities, favorable reimbursement policies, a rise in healthcare expenditure, high costs associated with surgeries, competitive pricing, and availability of substitutes have also contributed in the growth of global trauma fixation devices market. However, compatibility issues like infection and allergy associated with the utilization of external and internal trauma fixation devices. Also, the high cost of these devices is inhibiting the adoption or usage of in developing nations (with low disposable income) such as India, China, and Brazil.

Trauma Fixation Devices Market Forecast Report (2018-2023)

Global Trauma Fixation Devices Market is predicted to reach USD 7.99 Billion by 2023 from USD 5.9 Billion in 2018, growing at a CAGR of 6.24%. 

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Trauma Fixation Devices Market Segmentation

The global trauma fixation devices market is segmented on the basis of type into internal and external fixation devices. Internal fixation devices are employed in fixing fractured bones indefinite shape by implanting various devices. Further, the internal trauma fixation devices are classified into Screws, Plates, Rods, Wires and Intramedullary nails. Whereas the external trauma fixation devices are segmented on the basis of technology into Unilateral, Circular and Hybrid Fixation. The internal trauma fixation devices segment holds the largest share, representing about 85% of the global trauma fixation devices market. Further, the demand for better services in trauma surgeries has led manufacturers to develop products that are less invasive and more anatomical, such as low-profile plating system for extremity fixation procedures. 

Furthermore, on the basis of geography, the global market for trauma fixation devices is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America & Middle East and Africa. North America represents the largest share of the global trauma devices market, owing to supportive government policies facilitating the purchase of these devices. The rise in geriatric population and personal disposable income of people in Asian countries such as China and India are contributing to the market growth in these emerging nations. Latin American countries such as Brazil and Mexico are anticipated to register greater market growth for trauma devices owing to improving access to healthcare, higher accident cases, and favorable demographics. 

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Major Players: 

The major companies dominating this market for its products and services are

DePuy Synthesis,
Smith & Nephew,
Stryker Corporation,
Zimmer,
Biomet
 Integra Life sciences Corporation,
Arthrex, Medtronic, Inc.,
Conmed
Bioretec, Inc.
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