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Trauma Products Market to Grow Rapidly due to Increasing Application in Healthcare Sector | Key Players: Zimmer Biomet Holding Inc., Stryker, Smith & Nephew

09-16-2021 10:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Trauma Products Market

Trauma Products Market

Trauma is characterized as physical injuries such as fractures, burns, sprains, dislocations, and strains caused by some external source. Trauma is characterized as an injury or wound to the body caused by the use of aggression or external force, according to the Centers for Disease Control and Prevention. In order to treat wounds, different treatments are available, and their use is determined by the severity of the injury. Internal fixators, external fixators, and other wound devices are products used to treat trauma. Sports medicine kits, cages, pointed knives, power drills, and arc bars are other wound accessories.

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The key factors driving the growth of the global market for trauma products are the rise in the incidence of orthopedic diseases such as rheumatoid arthritis & osteoarthritis, the increase in the geriatric population, the increase in sports injury & road crashes, the increase in the acceptance of minimally invasive surgery and the increase in demand for trauma products. Furthermore, growing patient understanding of the advantages of specialized trauma equipment, increasing investment coupled with innovations in trauma products, and increasing prevalence of diabetes & obesity worldwide are projected to accelerate the growth of the demand for trauma products. However, it is expected that uncertainty in the usage of trauma products for injury care and a strict regulatory approval process for trauma products would impede market growth. Conversely, high demand growth capacity is projected to offer attractive prospects in developing economies.
Growth Drivers that Support the Global Trauma Products Market:
• The demand for trauma devices is segmented into internal fixators, external fixators and others based on type. There is more segmentation of internal fixators into plates, pins, nails and others. External fixators are further segmented into external fixators, circular fixators and hybrid fixators that are unilateral & bilateral.
• Owing to the growing number of trauma cases and the proliferation of trauma treatments, North America dominates the demand for trauma products along with favorable government policies, while Asia-Pacific is projected to rise at the fastest growth rate in the forecast period due to the increasing number of geriatric populations and the increase in disposable income.
• The trauma products industry is segmented into hospitals and outpatient surgical facilities by end-users. The hospital segment accounted for the greatest share of the worldwide demand for trauma products in 2019. The vast proportion of this section can be due to the growing number of hospital-based patients seeking care, expanded government funding for the provision of well-equipped equipment, and infrastructural improvements in hospitals.

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Companies are Keen to Expand their Foot Print in the Global Market

• In March 2020, Acumed entered into an arrangement to be the sole distributor of the orthobiologics portfolio of the business with Vivorte. Within the terms of this deal, to sell Vivorte's calcium phosphate-based bone allograft (Trabexus) and calcium phosphate-based biocement, Acumed will use its sales, marketing, and medical education experience to distribute (Fortera)
• Smith & Nephew (UK) launched the TRIGEN INTERTAN Intertrochanteric Hip Fracture Nail in September 2019.
• Orthofix Medical completed the purchase in March 2020 of properties related to the FITBONE intramedullary lengthening device for femur and tibia bone limb lengthening.

Major companies functioning in the global Trauma Products market are Zimmer Biomet Holding Inc., Stryker, Smith & Nephew, Arthrex Inc., Accumed LLC, B. Braun Melsungen AG, Citieffe S.R.L., Cardinal Health, Double Medical Inc., Conmed Corporation.
Years Covered in the Study:

Historic Year: 2016-2017
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2028

Objectives of this report:

• To estimate market size for trauma products market on regional and global basis.
• To identify major segments in trauma products market and evaluate their market shares and demand.
• To provide a competitive scenario for the trauma products market with major developments observed by key companies in the historic years.
• To evaluate key factors governing the dynamics of trauma products market with their potential gravity during the forecast period.

Customization:
This study is customized to meet your specific requirements:
• By Segment
• By Sub-segment
• By Region/Country
• Product Specific Competitive Analysis

Contact:
Quince Market Insights
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 1444 39 0986
Web: www.quincemarketinsights.com

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