Internal Trauma Fixation Devices Market Competitive Analysis, Opportunities with Challenges, Industry Share, Key Dynamics and Forecast till 2030 | Zimmer Biomet, Inc., Wright Medical Inc, Medartis, Globus Medical Inc

Global Internal Trauma Fixation Devices Market to Grow Rapidly due to Increasing Application in Healthcare

The need for internal trauma fixation devices has risen in the geriatric community, as aged individuals are more vulnerable to fractures and dislocation due to a higher risk of osteoporosis. The global geriatric population in 2010 was about 524 million, according to the World Health Organization (WHO), which is projected to rise to 2,000 million by 2050. Substitute availability is another factor leading to the development of the global demand for internal trauma fixation products. The global demand for internal trauma fixation devices is also propelled by an increase in sports injuries and an increase in the number of road accidents. An allergic reaction and infection can impede the growth of internal trauma fixation devices.

The growth of the global demand for internal trauma fixation devices is motivated by an increase in the occurrence of orthopaedic diseases, an increase in the number of road accidents and injuries, and improved health care facilities in developing countries. Nevertheless, shortages of trained practitioners and high costs associated with implants impede the growth of the industry. On the other hand, developed countries' untapped potential poses new possibilities in the coming years.

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Leading Players Internal Trauma Fixation Devices Market:

1. DePuy Synthes
2. Stryker Corporation
3. Zimmer Holdings Inc.
4. Zimmer Biomet Inc.
5. Smith & Nephew plc
6. Wright Medical Inc
7. Globus Medical Inc
8. Medartis
9. B. Braun Melsungen AG.

Growth Drivers that Support the Global Internal Trauma Fixation Devices Market:

• The global demand for internal trauma fixation devices can be classified into stainless steel, nitinol, titanium, and tritium according to content (PEEK). As the metal provides benefits such as corrosion resistance, the stainless steel segment accounted for the largest share of the global market in 2017. Moreover, a commodity is more cost-effective. As CF PEEK bone plates provide enhanced fatigue strength compared to metal/stainless steel-based plates, the polyether ether (PEEK) segment is projected to rise at a rapid pace during the forecast era.

• Owing to the large patient population and people's high disposable income, North America was the leading region for internal fixation devices in 2017. Because of better reimbursement programmes, Europe was the second biggest market in terms of market share in 2017. The Asia Pacific demand for internal trauma fixation devices is projected to be powered by a rise in infrastructure for health care.

• The hospital segment accounted for the highest share in 2019 based on end users, contributing to almost half of the global market for internal trauma fixation products, and is expected to retain its revenue dominance throughout the forecast period.

• The rise in the geriatric population and the rise in the occurrence rate of orthopaedic disorders and the rising incidence of road accidents have been the major drivers of the growth of the global demand for internal trauma fixation devices. The demand for internal fixation devices is projected to raise the incidence rate of orthopaedic disorders associated with an increase in the ageing population worldwide. Owing to the humongous number of road accidents, the number of bone-related fractures has spiralled up. These factors drive internal fixation devices to be adopted.

Key Highlights Of The Market Research Report

1. In-depth business profiles that include the recent developments, product offerings, key financial information, and strategies employed by the leading market players.
2. Market dynamics and opportunities for the growth of the market players in the upcoming years.
3. The competitive market landscape describes the market revenue share of the leading competitors.
4. Analysis of different regions and countries which includes demand and supply-oriented action that consequently have a major influence on the market expansion.
5. It contains market segmentation analysis which deals with the quantitative and qualitative practices discussing the influence of the economical aspects.

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Conclusion

The objective of the study is to define the market sizes of the different segments & countries in recent years and to forecast the values. The aim of the report is to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. In addition, the report also offers detailed information on key aspects, such as driving factors and challenges, which will shape future market development.

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