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Internal Trauma Fixation Devices Market Poised for 6.5 % Growth, Set to Hit $3.4 Billion by 2029
What industry-specific factors are fueling the growth of the internal trauma fixation devices market?The rise in the incidence of orthopedic diseases is expected to drive the growth of the internal trauma fixation market. Orthopedic diseases, which include conditions like osteoarthritis, affect the musculoskeletal system, comprising bones, joints, muscles, ligaments, tendons, and nerves. These diseases are becoming more common due to longer lifespans, rising obesity rates, and increasing trauma events, such as sports injuries. Internal trauma fixation devices help in orthopedic trauma care by properly aligning and positioning fractured bones. For example, in May 2022, the British Orthopaedic Association reported that over 42,000 orthopedic surgeries were performed in England in March 2022, the highest number since June 2021. As such, the growing incidence of orthopedic diseases contributes to the expansion of the internal trauma fixation market.
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What Is the projected market size and growth rate for the internal trauma fixation devices market?
The internal trauma fixation devices market will grow from $10.36 billion in 2024 to $11.06 billion in 2025 at a CAGR of 6.8%, fueled by surgical procedure growth, medical device demand, and healthcare reimbursement policies.
The internal trauma fixation devices market is expected to expand to $14.22 billion by 2029 at a CAGR of 6.5%, fueled by healthcare infrastructure growth, patient awareness, and bioabsorbable fixators. Trends include 3D printing, sustainable implants, insurance coverage expansion, and research collaborations.
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What new trends are reshaping the internal trauma fixation devices market and its opportunities?
Leading companies in the internal trauma fixation devices market are innovating with next-generation intramedullary nailing systems to enhance surgical outcomes and patient recovery. Next-generation intramedullary nailing systems are used in orthopedic surgery to stabilize fractures in long bones. For example, in March 2024, Stryker Corporation, a US-based medical tech company, launched the Gamma4 Hip Fracture Nailing System in Europe. This advanced system improves the treatment of hip and femur fractures while optimizing surgical workflows, ensuring better usability and surgical precision.
What major market segments define the scope and growth of the internal trauma fixation devices market?
The internal trauma fixation devices market covered in this report is segmented -
1) By Product: Plates, Nails, Screws, Other Products
2) By Material Type: Stainless Steel, Titanium Alloy, Bioabsorbable
3) By Application: Lower Extremity, Upper Extremity
4) By End-Use: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
Subsegments:
1) By Plates: Locking Plates Or Non-Locking Plates Or Reconstruction Plates Or Compression Plates Or Anatomical Plates
2) By Nails: Intramedullary Nails Or Interlocking Nails Or Tibial Nails Or Femoral Nails Or Fracture Fixation Nails
3) By Screws: Cannulated Screws Or Cortical Screws Or Cancellous Screws Or Locking Screws Or Bone Screws
4) By Other Products: Wires (Kirschner Wires Or K-Wires) Or Rods And Pins Or External Fixators (For Internal Trauma Fixation In Some Cases) Or Bone Grafts And Bone Substitutes
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Which region dominates the internal trauma fixation devices market?
North America was the largest region in the internal trauma fixation device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internal trauma fixation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the internal trauma fixation devices industry growth?
Major companies operating in the internal trauma fixation devices market are Johnson and Johnson, Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings Inc, Olympus Corporation, Smith and Nephew plc, KARL STORZ SE & Co KG, NuVasive Inc., Conmed Corporation, Globus Medical Inc., Wright Medical Group N.V., Orthofix Medical Inc., KLS Martin SE & Co. KG, Richard Wolf GmbH, Paragon 28 Inc., Corin Medical Holdings, Acumed LLC, Narang Medical Ltd., GPC Medical Ltd., Inion Oy, Vast Ortho Inc, Extremity Medical LLC, Citieffe s.r.l., Bioretec Ltd., Arthrex Inc.
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What Is Covered In The Internal Trauma Fixation Devices Global Market Report?
•Market Size Forecast: Examine the internal trauma fixation devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the internal trauma fixation devices market for a structured understanding.
•Key Players Overview: Analyze major players in the internal trauma fixation devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the internal trauma fixation devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the internal trauma fixation devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the internal trauma fixation devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the internal trauma fixation devices market.
•Competitive Landscape: Review strategic developments in the internal trauma fixation devices market, including expansions, agreements, and new product launches.
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