Digitized Healthcare To Be The Cornerstone Of The Orthopedic Trauma Devices Market

Persistence Market Research Released New Market Report on "Global Market Study on Orthopedic Trauma Devices: External Fixator to Witness Highest Growth by 2020", the global orthopedic trauma devices market was valued at USD 5.7 billion in 2013 and is expected to grow at a CAGR of 7.2% from 2014 to 2020, to reach an estimated value of USD 9.4 billion in 2020.

Globally, the orthopedic trauma fixation 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. As a result the market is expected to grow at a CAGR of about 7.2% during 2014-2020.

Rising incidents of road accidents and trauma cases has propelled demand for orthopedic trauma devices across the world. The need for implants and prosthetics is growing by the day, and this is only expected to increase more as time goes by.

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Some of the major players operating in the orthopedic trauma fixation devices market:

DePuy Synthes.
Johnson & Johnson company
Medtronic, Inc.
CONMED, Tornier, Inc.
Arthrex, Inc.
Smith & Nephew and Stryker.
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Some of the major driving factors for orthopedic trauma fixation 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 fixation devices market.

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 orthopaedic 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 fixation 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.

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On the basis of the type of fixator, internal fixator has the largest market in the orthopedic trauma fixation devices market and is expected to grow at a CAGR of about 6.8% during 2014-2020. Plate and screw systems are the mostly used internal fixators for fixing a traumatized fracture. Plate and screw system market is expected to grow at a CAGR of about 7.1% during 2014-2020.

Various major companies dealing in orthopedic trauma fixation 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 grow at a CAGR of about 8.4% during 2014-2020.

Orthofix Medical announced the full launch of the Oscar Pro Ultrasonic Arthroplasty Revision System, which is an ultrasonic surgical system, in the U.S. as well as the European market. The product is aimed at reducing challenges involved in revising failed cemented arthroplasties during complex joint surgeries. This new product extends functionalities and removes some constraints involved in complex joint surgeries.

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This release was published on openPR.