Internal Trauma Fixation Device Market to reach $12,727.54 million by 2027, growing at a CAGR of 4.9%

Internal trauma fixation devices are different type of devices those are used for treating and preventing disorders related to various trauma. The main purpose of these implants and devices is to restore and maintain normal alignment of an individual's spine. These devices have evolved much over the past few decades, due to its larger usage and prevalence rates of trauma cases. There has been significant advancement in the material science for the orthopedic applications, which propels the adoption rate of the internal trauma fixation devices owing to various advantages such as higher compatibility, higher restorative capabilities, and cheaper alternatives.

The global internal trauma fixation device market size was valued at $8.80 billion in 2019, and is projected to reach $12.72 billion by 2027, growing at a CAGR of 4.9% from 2020 to 2027.

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The report provides detailed segmentation of the global internal trauma fixation device market based on product, material, end user, and region.

Based on product, the closure devices segment held the highest share in 2019, contributing to nearly three-fourth of the total market share, and will continue its leadership status throughout the forecast period. Moreover, this segment is projected to witness the largest CAGR of 5.2% from 2020 to 2027. The report offers an extensive analysis of the bone cement segment.

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Based on end user, the hospitals segment accounted for the highest share in 2019, contributing to nearly half of the global internal trauma fixation device market, and is expected to maintain its dominance in terms of revenue during the forecast period. However, the orthopedic surgical centers segment is expected to grow at the fastest CAGR of 5.6% from 2020 to 2027.

Based on region, North America contributed to the largest market share in 2019, holding more than two-fifths of the total share, and will maintain its lead position by 2027. However, Asia-Pacific is projected to portray the highest CAGR of 5.7% during the forecast period.

Leading players of the global internal trauma fixation device market analyzed in the research include B. Braun Melsungen AG, Globus Medical Inc., Johnson & Johnson Company (DePuy Synthes), Medartis Holding AG, Orthopaedic Implant Company, Osteomed, Smith & Nephew plc., Stryker Corporation, Wright Medical Inc., and Zimmer Biomet, Inc.

Key Findings Of The Study:

Closure devices were valued at $6,460.66 million share of internal trauma fixation device market in 2019.

The nitinol segment is anticipated to grow with the moderate CAGR throughout the forecast period.

Europe accounted for 27.63% of the internal trauma fixation device market in 2019.

Asia-Pacific is anticipated to grow at the highest rate in during the forecast period.

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