Press release
Orthopedic Trauma Devices Market Sales to Top US$ 18 Bn by 2031|Key Players- DePuy Synthes, Johnson & Johnson company and more
Orthopedic Trauma Devices Market 2022
The global Orthopedic Trauma Devices Market is expected to go great guns in the next 10 years. It is slated to reach US$ 18 Bn by the year 2031. The CAGR would be 8%. With mixed reality in the foray, virtual objects could be integrated with the real-life ambience, thereby rendering simultaneous manipulation of digital twins. In other words, digital twinning is expected to be the future of healthcare vertical in the forecast period.
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.
DePuy Synthes, a Johnson & Johnson company is a leading player in the global market for orthopedic trauma devices. The top 5 players in the market held 71.8% of global market share in the year 2020.
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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
Composition
Metallic Fixators
Bioabsorbable Fixators
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