Orthopedic Trauma Devices Market will surpass US$ 18 Bn revenues towards the end of 2031

Orthopedic Trauma Devices Market 2022
The global orthopedic trauma devices market is expected to be worth around US$ 9 Bn in 2021. Sales of orthopedic trauma devices are estimated to be valued at US$ 18 Bn by the end of 2031.

Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/2895

The orthopaedic implants market is witnessing transformation to minimally invasive procedures from conventional, invasive surgical procedures, so as to better treat orthopaedic disorders or diseases. Also, there are advanced and customized 3D printed orthopaedic implants being developed to cater to the population contracting bursitis, rheumatoid arthritis, tendinitis, osteoarthritis. This would be the behaviour of orthopaedic implants market in the near future.

The Orthopedic Trauma Devices market constitutes things as simple as bandages and tongue depressors and things as complex as sophisticated imaging systems and programmable pacemakers. The major categories are inclusive of surgical instruments and implants, electro-medical equipment, medical supplies, irradiation apparatuses, in-vitro diagnostic equipment and reagents, and dental goods. With increase in healthcare spending, there would be nothing to hold healthcare equipment market back 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.

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.

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.

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.

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

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.

Request for Methodology@ https://www.persistencemarketresearch.com/methodology/2895

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. Some of the other companies dealing in orthopedic trauma devices market are Stryker Corporation, Zimmer Holding Inc., Smith & Nephew, Orthofix Holding Inc. and others.

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

Key geographies evaluated in this report are:
North America - U.S, Canada
Europe - France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC - China, India, Japan, Australia, Others
Latin America - Argentina, Brazil, Others

Access Full Report@ https://www.persistencemarketresearch.com/checkout/2895

Contact Us:
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.