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Orthopedic Trauma Devices Market is expected to grow at a CAGR of 6.04% to reach US$ 19.2 Billion by the end of 2033 | Johnson & Johnson Services, Inc, Zimmer Biomet Holdings, Inc, Stryker Corporation

02-08-2023 03:06 AM CET | Health & Medicine

Press release from: Persistence Market Research

Orthopedic Trauma Devices Market is expected to grow at a CAGR

The Orthopedic Trauma Devices Market refers to the market for devices and products used in the treatment of orthopedic trauma, including fractures and dislocations. This market includes products such as plates, screws, intramedullary nails, external fixation devices, and others. The market is growing due to the increasing incidence of orthopedic injuries, advancements in technology, and the aging population. The Asia-Pacific region is expected to see the highest growth in this market due to the increasing prevalence of orthopedic injuries and the growing elderly population in the region.

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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..

Custom Foot Orthotics Market - https://www.persistencemarketresearch.com/market-research/custom-foot-orthotics-market.asp

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
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About Us

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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