The Orthopedic Trauma Devices Market to Be Driven By Advancements in Cloud Computing

The Orthopedic Trauma Devices Market is slated to grow on a stellar note going forward. The current situation is that digitization, which has the capacity of changing the dynamics of any vertical, has made a beeline to the healthcare vertical. The world out there no more depends on references for choosing healthcare services but goes for 360-degree research before arriving at the final decision. This would be the digitized healthcare vertical in the future.

Persistence Market Research Released New Market Report on the "Global Market Study on Orthopedic Trauma Devices: External Fixator to Witness Highest Growth by 2031".The market was valued at US$ 8.5 Bn in 2020, and is expected to surge at a CAGR of around 8% from 2021 to 2031, to reach an estimated demand outlook value of US$ 18 Bn in 2031.

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Globally, the orthopedic trauma devices market is witnessing a significant growth due to increase in incidence of fractures cases and increasing demand for better facilities in orthopedic trauma surgeries.

Company Profiles:

DePuy Synthes.
Johnson & Johnson company.
Medtronic, Inc.
CONMED, Tornier, Inc.
Arthrex, Inc.
Smith & Nephew and Stryker.
Other

Some of the major driving factors for orthopedic trauma devices market are raising number of participations in sports and increase in aged population. In addition, government and multinational companies are increasing their investments in this industry. Increasing demand of better facilities in trauma surgeries has also setup the positive growth rate of orthopedic trauma devices market.

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However, various factors such as double surgery and absence of health insurance in developing countries, high cost of surgeries involved and less awareness are some of the major restrains faced by orthopedic trauma fixation device market.

North America, including the U.S. holds the largest market of orthopedic trauma fixation device. Asian region are witnessing the fastest growth of orthopedic trauma devices market. Some of the fastest growing markets for orthopedic trauma are China, Japan, India and other countries in Southeast Asia and the Eastern Mediterranean.

On the basis of the type of fixator, internal fixator has the largest market in the orthopedic trauma devices market and is expected to expand at a steady CAGR during 2021-2031. Plate and screw systems are the mostly used internal fixators for fixing a traumatized fracture. Plate and screw system market is expected to expand at a CAGR of approximately 7.1% during 2021-2031.

Various major companies dealing in orthopedic trauma devices market are increasing their investment in manufacturing of bioabsorbable fixation devices. Bioabsorbable fixation devices market is witnessing significant growth and it is expected to surge at a CAGR of approximately 8.4% during 2021-2031.

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The global orthopedic trauma devices market is segmented as follows:

Type of Fixator

Internal Fixator
External Fixator

Type of Internal Fixator

Intramedullary Nail
Intramedullary Screw
Plate and Screw System

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Composition

Metallic Fixators
Bioabsorbable Fixators

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