Trauma Fixation Devices Market to Showcase Robust Growth in the Upcoming Years | Prominent players: Zimmer Biomet, Orthofix Medical Inc, DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG., Stryker, Medtronic, Acumed, INION OY, Orthomed., Smith+Neph

The global market for trauma fixation devices was valued at USD 7.03 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.42% from 2023 to 2028, reaching USD 10.21 billion by 2028. Driving factors include the increasing demand for advanced technological solutions, a growing elderly population, higher occurrences of accidents and trauma, escalating prevalence of degenerative bone ailments, and an upsurge in sports-related injuries.

DelveInsight's "Trauma Fixation Devices Market Insight & Forecast" report will offer an in-depth understanding of the Trauma Fixation Devices market, further benefiting the competitors or stakeholders operating in the Trauma Fixation Devices arena.

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Trauma Fixation Devices Overview

Trauma fixation devices refer to medical devices used in the treatment of fractures, bone deformities, and other orthopedic injuries caused by trauma. These devices are designed to stabilize and support fractured bones, facilitating the healing process and restoring functionality to the affected area.
Common types of trauma fixation devices include:
Plates and Screws: These are used to hold fractured bone fragments together during the healing process. Plates are placed on the surface of the bone, while screws are inserted into the bone to secure the plate in place.

Intramedullary Nails: These devices are inserted into the hollow center (medullary canal) of long bones such as the femur or tibia to provide stability and support for fractures.

External Fixators: These are devices placed outside the body to stabilize fractured bones. They consist of metal rods, pins, and screws that are attached to the bone and connected externally with a frame.

Pins and Wires: These devices are used to hold bone fragments together temporarily, often in conjunction with other fixation methods or as part of external fixators.

Trauma fixation devices play a crucial role in the management of orthopedic injuries, helping to restore mobility and function to patients affected by trauma. They are commonly used in emergency settings, surgical procedures, and ongoing orthopedic care. Advancements in materials and technology continue to improve the effectiveness and safety of these devices, contributing to better patient outcomes and recovery.

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Trauma Fixation Devices Market Drivers

The major drivers of the global trauma fixation devices market growth are rising prevalence of degenerative bone diseases, increasing geriatric population, rising number of trauma cases, among other factors.

Trauma Fixation Devices Market Dynamics

One of the primary drivers of the trauma fixation devices market is the increasing global elderly population. Enhanced healthcare facilities and higher disposable incomes have contributed significantly to enhancing overall quality of life and life expectancy. The elderly demographic is particularly vulnerable to various bone-related ailments and degenerative bone conditions. According to data from the United Nations, in 2020, there were approximately 727 million individuals aged 65 and above worldwide, a number projected to double to over 1.5 billion within three decades. Elderly individuals are more prone to developing degenerative bone disorders compared to younger populations.

According to a study titled "Global, regional prevalence, incidence and risk factors of knee osteoarthritis in population-based studies" published in the Lancet Journal by Cui et al., the global prevalence of knee osteoarthritis among individuals aged 40 years and older was estimated at around 654.1 million in 2020. The study also reported a pooled global incidence rate of knee osteoarthritis at 203 per 10,000 person-years for individuals aged 20 and over. Additionally, the study estimated approximately 86.7 million incident cases of knee osteoarthritis occurring annually worldwide among individuals aged 20 years and older.

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Trauma Fixation Devices Market Insights

North America is anticipated to hold a substantial share of the trauma fixation devices market among all regions. This is attributed to factors such as the high incidence of osteoporosis and other bone disorders, an expanding elderly population, and an increasing incidence of sports-related injuries in the region.

The prevalence of osteoporosis is a significant contributor to the growth of the trauma fixation devices market in North America. According to statistics from the National Center for Health Statistics, Centers for Disease Control and Prevention, United States, during the 2017-2018 study period, the prevalence of low bone mass, a precursor to osteoporosis, among adults aged 50 years and older, was reported at 43.1%. Notably, the prevalence was higher in women (51.5%) compared to men (33.5%).

Furthermore, data from the Organization for Economic Co-operation and Development indicates a considerable number of road accident-related injuries in the United States. In 2018 alone, there were approximately 2,710,000 reported cases of road accident-related injuries. Additionally, provisional data for Canada reported around 152,847 cases of road accident-related injuries in the same year. These factors collectively contribute to the significant market share of North America in the trauma fixation devices market.

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Trauma Fixation Devices Companies

Several prominent companies participate in the trauma fixation devices market, including Zimmer Biomet, Orthofix Medical Inc, DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG, Stryker, Medtronic, Acumed, INION OY, Orthomed, Smith+Nephew, CONMED Corporation, Bioretec Ltd, Arthrex Inc, JEIL MEDICAL CORPORATION, OsteoMed, Medartis AG, and various others.

To understand key companies related to the Trauma Fixation Devices Market, get a snapshot of the Trauma Fixation Devices Regulatory and Patent Analysis, visit: https://www.delveinsight.com/report-store/trauma-devices-market?utm_source=openpr&utm_medium=pressrelease&utm_campaign=kpr

Table of Contents

1. Trauma Fixation Devices Market Report Introduction
2. Trauma Fixation Devices Market Executive Summary
3. Regulatory and Patent Analysis
4. Trauma Fixation Devices Market Key Factors Analysis
5. Trauma Fixation Devices Market Porter's Five Forces Analysis
6. COVID-19 Impact Analysis on Trauma Fixation Devices Market
7. Trauma Fixation Devices Market Layout
8. Trauma Fixation Devices Market Global Company Share Analysis - Key 3-5 Companies
9. Trauma Fixation Devices Market Company and Product Profiles
10. Project Approach
11. KOL Views
12. DelveInsight Capabilities
13. Disclaimer
14. About DelveInsight
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This release was published on openPR.