What's driving the Trauma Devices Market growth? Stryker, Zimmer Biomet, DePuy Synthes, Smith & Nephew, Integra LifeSciences, Bioretec Ltd., Acumed, LLC, Cardinal Health
According to the Centre for Disease Control and Prevention, trauma is characterized as a wound or injury to a living body affected by the application of external force or violence. To cure this disorder, trauma devices are used especially in long bones for cases, such as fractures. The other applications of the trauma devices include upper extremities and lower extremities such as knee, joint, leg, spine, and others.
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Increasing incidence rate of osteoporosis, rising cases of road accidents and fatalities, and technological developments such as use of orthobiologic products and biodegradable materials are the few factors responsible for high CAGR of the market over the forecast period. According to Switzerland based, International Osteoporosis Foundation report 2017, osteoporosis causes more than 8.9 million fractures annually. Globally, 1 in 3 women by the age 50 and 1 in 5 men by the age of 50 is expected to experience osteoporotic fractures in their lifetime. Also, more than 1.6 million hip fractures occur worldwide every year and it is expected to grow more than 4.5 million by 2050. This, in turn, is expected to accelerate the demand for trauma devices for tracking drugs to avoid product recalls, thus contributing to the growth of the global market.
Further, the widespread of COVID-19 across the globe, several manufactures of trauma devices are finding it challenging to source important raw materials and electronic components. Thus, it is adversely influencing the profitability of manufacturers and put upward pressure on them concerning the prices of devices in the short term, thereby limiting the market growth in the upcoming years. However, side effects associated with international fixation devices is another factor expected to hamper the growth of the market over the forecast period of 2020-2026.
The regional analysis of global Trauma Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing rate of accidental injuries, along with the presence of significant number of trauma centers established by governments in handling emergency situations in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to increasing rate of road fatalities and growing elderly population in the countries like China and India.
Major market player included in this report are:
o DePuy Synthes
o Zimmer Biomet
o Smith & Nephew
o Wright Medical Group N.V.
o Advanced Orthopaedic Solutions
o Integra LifeSciences
o Bioretec Ltd.
o Acumed, LLC
o Cardinal Health
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Surgical Site:
Ambulatory Surgical Centers
o North America
o Asia Pacific
o Latin America
o Rest of the World
Table of Contents:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Trauma Devices Market, by Region, 2018-2026 (USD Billion)
1.2.2. Trauma Devices Market, by Type, 2018-2026 (USD Billion)
1.2.3. Trauma Devices Market, by Surgical Site, 2018-2026 (USD Billion)
1.2.4. Trauma Devices Market, by End-User, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Trauma Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Trauma Devices Market Dynamics
3.1. Trauma Devices Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Trauma Devices Market Industry Analysis
Chapter 5. Global Trauma Devices Market, by Type
Chapter 6. Global Trauma Devices Market, by Surgical Site
Chapter 7. Global Trauma Devices Market, by End-User
Chapter 8. Global Trauma Devices Market, Regional Analysis
Chapter 9. Global Trauma Devices Market Competitive Intelligence
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