Press release
Orthopedic Trauma Devices Market is expected to grow at a CAGR of 6.04% to reach US$ 19.2 Bn by the end of 2033 | Johnson & Johnson Services, Inc, Zimmer Biomet Holdings, Inc, Stryker Corporation
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One of the key drivers of the orthopedic trauma devices market is the increasing prevalence of trauma injuries. Trauma injuries, such as fractures and dislocations, can occur as a result of accidents, sports injuries, and other causes. As the global population continues to grow and the incidence of trauma injuries increases, there is a greater demand for orthopedic trauma devices.
Another factor contributing to the growth of the orthopedic trauma devices market is the development of new technologies and products. In recent years, there have been numerous advances in the field, including the development of minimally invasive surgical techniques and the use of biodegradable and bioabsorbable materials in devices. These innovations have made treatments more effective and have reduced the risk of complications.
Companies
DePuy Synthes.
Johnson & Johnson company.
Medtronic, Inc.
CONMED, Tornier, Inc.
Arthrex, Inc.
Smith & Nephew and Stryker.
Other
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Overall, the orthopedic trauma devices market is expected to continue to grow in the coming years, driven by the increasing prevalence of trauma injuries and the development of new technologies and products.
Regional Outlook of Orthopedic Trauma Devices Market
On the basis of region, the global market for orthopedic trauma devices is segmented into North America, Europe, Asia Pacific, and rest of the world. In terms of volume and value, North America is estimated to be remain the dominant market over 2021-2031. This growth is attributed to increased accident rate and availability of sophisticated reimbursement framework.
The U.S. is a key market that will attract the maximum revenues through the highest consumption rate. Owing to a number of third party payers, such as governments, local dealers, and private health insurers, the market in the U.S. and Canada is expected to observe a steady growth rate.
Following higher penetration of orthopedic trauma devices in developing markets, the market in Asia Pacific is likely to witness the fastest growth throughout the forecast period. The market will especially witness higher growth in China, India, Japan, and some of the countries in the Eastern Mediterranean and Southeast Asia.
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By Type of Fixator
Internal Fixator
Intramedullary Nail
Intramedullary Screw
Plate and Screw System
External Fixator
By Material
Metallic Fixators
Bioabsorbable Fixators
By Region
Global
North America
Europe
Asia
Rest of the World
Related Market Research Report:
Trauma Fixation Devices Market - https://www.persistencemarketresearch.com/market-research/trauma-fixation-devices-market.asp
Global trauma fixation devices market is expected to surpass from US$ 1,753.6 Mn in 2016 to US$ 3,333.1 Mn by end of 2025, registering a robust CAGR of 7.4% during 2017-2025.
Cranio Maxillofacial Implants Market - https://www.persistencemarketresearch.com/market-research/cranio-maxillofacial-implants-market.asp
The global market for cranio maxillofacial implants was estimated to be valued at US$ 1,498.6 million and registering a projected 6.2% CAGR in 2022..
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Global custom foot orthotics market is projected to increase from a valuation of US$ 3.9 Bn in 2021 to US$ 8.8 Bn by the end of 2032.
Hip Resurfacing Implants Market - https://www.persistencemarketresearch.com/market-research/hip-resurfacing-implants-market.asp
Global market is estimated to reach a valuation of a bit less than US$ 200 Mn by the end of the period of forecast (2025) from a value of around US$ 160 Mn in 2017.
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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