Trauma Devices Market Share To Reach USD 11.58 Billion By 2026

The current analysis of Reports and Data, the Trauma devices market was valued at USD 7.12 billion in 2018 and is expected to reach USD 11.58 billion by the year 2026, at a CAGR of 6.2%. Trauma is referred to as any extreme injury caused due to severe accidents. The injuries caused by trauma include bone fractures or bone breakage and tissue injuries. These injuries are corrected using trauma devices, which serve as a replacement for the damaged part of the body. The trauma injuries are caused at an immense level in motor accidents on the road. The increased number of accidents in developing countries has widely driven the market. According to the World Health Organization, 20 to 50 million suffer trauma injuries on roadside accidents, which is a driving factor for the market. Many such injuries require trauma devices for treatment and recovery of the body. The geriatric population loses bone density with increasing age, and hence this population is more prone to hip and knee fractures even by a minor accident.

According to the George Institute for global health, it is estimated that by 2020, almost 20% of the Indian population will be older than 60 years, and the annual incidence of hip fractures will reach 600,000. Such instances are a crucial primary driver for the market. Various new innovative tools are coming up in the market through the research and development sector, which used technology from genetic engineering to create products that are expected to drive the market widely. Though the use of trauma devices is highly anticipated, the cost of the devices could be a restraint for the market. Also, the materials used to make the trauma devices are not quickly approved by the government organizations owing to the compatibility and allergy issues of the patients. The material used to make these implants are expected to be highly inert and compatible with the body. Therefore, companies find it difficult to obtain approval for these devices. These factors are expected to be a significant restraint for the market..

The key players in the Trauma devices market are Siemens, Cardinal Health, , Depuy Synthes (Johnson and Johnson), Acumed LLC, B. Braun Melsungen AG, Integra LifeSciences, Smith & Nephew, Zimmer Biomet Holdings Inc., Stryker Corporation

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Further key findings from the report suggest

The upper and lower extremities segments account for a larger market share due to increase in accidents. Sports-related injuries that affect the lower extremities such as the knee, ankle and foot are more in case of children below 18 years.

Further, FDA has given approval to Nextremity Solution Inc. in January 2020 for its tarsometatarsal joint device (TMT) which is device fixed in the midfoot. The implants are significantly manufactured using color anodized TI-6AI-4V alloy.
The ortho-biologic products and biodegradable materials used to make these devices are expected to drive the market significantly during the forecast period. Since trauma devices are expected to be bio-compatible with the body, innovative products made out of biodegradable material are highly in demand.

Additive manufacturing or 3-D printing is escalating the development in implants widely. For instance, in May 2019 researchers from Charité Universitätsmedizin, Berlin have introduced a titanium-mesh scaffold that is used to implant in affected bone. The scaffold is 3-D printed filled with patient’s own bone tissue, growth factors and bone replacement material which helps to promote bone regeneration.

The Asia Pacific is an emerging region for the market with a CAGR of 7.3%. The rise in number of hospitals and ambulatory centers is expected to be the reason for such a fast growth regionally.
According to the World Health Organization, 20-50 million suffer trauma injuries on road side accidents which is a growth factor for the market. Many such injuries require trauma devices for treatment and recovery of the body...Continue

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For the purpose of this report, Reports and Data has segmented the trauma devices market on the basis of type, surgical site, composition, end-use and region:

Type Outlook (Revenue in Million USD; 2016–2026)

Internal Fixation Devices

Plates
Rods & Pins
Intramedullary Nails
Cannulated Screws
Compression Hip Screws
External Fixation Devices
Circular Fixation Devices
Uniplanar & Biplanar Fixators
Hybrid Fixators

Surgical site Outlook (Revenue in Million USD; 2016–2026)

Upper Extremity
Hand & Wrist
Shoulder
Arm
Elbow
Lower Extremity
Knee
Lower Leg
Foot & Ankle
Hip & Pelvis
Thigh

Composition Outlook (Revenue in Million USD; 2016–2026)

Bioabsorbable Fixators
Metallic Fixators

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End-User Outlook (Revenue in Million USD; 2016–2026)

Hospitals
Ambulatory Surgical Centers
Others

Regional Outlook (Revenue in Million USD; 2016–2026)

North America
U.S
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of the Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East & Africa
Latin America
Brazil
Table of Content:

Chapter 1. Market Synopsis

1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2016-2026

Chapter 3. Indicative Metrics

3.1. Macro-Economic Indicators
3.1.1. Growing demand for disposables
3.1.2. Increase in prevalence of respiratory disorders

Chapter 4. Global Trauma Devices Segmentation & Impact Analysis

4.1. Global Trauma Devices Segmentation Analysis
4.2. Industrial Outlook
4.3. Market Indicators Analysis

Continue…

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