Press release
Global Orthopedic Trauma Devices Market |Perspective and Forecast including Top Key Players like: Internal Fixation Systems, Medtronic, Merlot OrthopediX, Orthofix, Osteomed, Semprus Biosciences, Skeletal Dynamics LLC, Small Bone Innovations Inc
Orthopedic trauma devices play a key role in the surgical treatment of traumatic orthopedic injuries. Owing to staggering increase in road accidents and severe fracture incidences worldwide, the global orthopedic trauma fixation devices market has been witnessing significant growth since the past few years. The market is estimated to expand at a healthy CAGR of 7.4% during the forecast period 2018-2025. The market value attained USD 7.58 Billion, which is expected to reach USD 13.43 Billion by 2025.Global Orthopedic Trauma Devices Market Material Type (Absorbable, Non-Absorbable, Titanium Stainless Steel), Fixation Techniques (Internal Fixation, External Fixation), Application (Hip Orthopedic, Joint reconstruction, Knee Orthopedic, Spine Orthopedic, Trauma Fixation, Craniomaxillofacial Orthopedic, Dental Orthopedic, Others), End Users (Orthopedic Clinics, Hospitals, Emergency Medical Services), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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The Orthopedic Devices are used for restoring skeletal structure and joint movements in various fractures, abnormal growth of bones, soft tissue damage, trauma or other deformities. These devices are implanted inside human body by surgical procedures or can be externally attached through minimally invasive procedures.
Competitive Analysis:
The global orthopedic trauma devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of orthopedic trauma devices market for global, Europe, North America, Asia Pacific and South America.
Major Market competitors/players:
Some of the major players operating in the market are:
Advanced Orthopedic Solutions, Arthrex, Ascension Orthopedics, Bioretec, Conmed Linvatec, Depuy Orthopedics Inc., DGIMED Ortho, DJO Global, Emerge Medical, Hand Biomechanics, Integra LifeSciences, Intelligent Implant Systems, Internal Fixation Systems, Medtronic, Merlot OrthopediX, Orthofix, Osteomed, Rigid FX Corporation, Semprus Biosciences, Skeletal Dynamics LLC, Small Bone Innovations Inc, Smith & Nephew, Stryker Corporation, Suspension Orthopaedic Solutions, Synthes, Tornier Inc, TriMed Inc., Vilex, Wright Medical, Zimmer Holdings Inc. among others.
Intended Audience:
• Hospitals
• Ambulatory centers
• Government and private laboratories
• Research and Development (R&D) companies
• Medical research laboratories
• Market research and consulting service providers
WHO’s recent report depicts that traumatic injuries are the cause of around 10% of mortality each year. Orthopedic traumas are specifically related to severe damage to the musculoskeletal system of a body, causing loss of function. It involves serious bone or ligament injuries, which require immediate expert assistance from a specialist in orthopedic surgery or trauma.
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Major Market Drivers and Restraints:
• Growing rate of geriatric population
• Growing number of orthopedic disease instances
• Increasing number of road accidents, fractures and sports injuries
• Rising incidence of spinal disorders
• Growing preference for minimal invasive spinal surgeries
• High cost of devices and procedures
• Low availability of super specialized professionals
Market Segmentation:
• The global orthopedic trauma devices market is segmented on the basis of material type, fixation techniques, application, end users and geography.
• Based on material type the market is segmented into absorbable, non-absorbable and titanium stainless steel.
• Based on fixation techniques the market is segmented into internal and external fixation techniques. Internal fixation techniques are sub segmented by product type into screws, intramedullary nails, plates & screws and others. External fixation techniques are sub segmented by product type into unilateral fixators, circular fixators and hybrid fixators.
• Based on the application the market is segmented into hip orthopedic devices, joint reconstruction, knee orthopedic devices, spine orthopedic devices, trauma fixation devices, craniomaxillofacial orthopedic devices, dental orthopedic devices and others.
• On the basis of end users, the market is segmented into the orthopedic clinics, hospitals and emergency medical services.
• Based on geography the global orthopedic trauma devices market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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