Trauma Devices Market Key Opportunities, Trends And Forecast until 2019
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The trauma devices can be categorized in two segments namely external fixation devices and internal fixation devices. External fixation devices are used for temporary fracture fixation and help in providing support to the affected bone while healing. Since these fixators are externally applied, they can be adjusted as per the individual requirements of the patient. Owing to the underdevelopment of the bones, this procedure is highly preferred in pediatric cases. In addition, they are also applied on those patients whose skin over fracture has been damaged. Internal fixation devices are helpful in fixing fractured bones in definite shape by implanting different devices. These devices includes various intramedullary nails, cannulated screws, hip screws, wires, cables, conventional hip screws, pins and plates. The materials used to build these devices are mainly made of stainless steel, cobalt and titanium. Internal fixation devices are gaining more demand over the external fixation devices. This is due to various factors such as the raw materials used in internal fixators are more durable, stable and flexible which gives necessary support to the bone. In addition, it also reduces stay in hospitals and improper bone healing.
Rise in aging population globally is increasing the incidence of osteoporosis and hence has augmented the demand for trauma devices. In addition, rising accidental rate has also boosted the growth of this market. Recently U.S. has witnessed around 42 million trauma cases which increased the demand of trauma devices. It is expected that 12% of Chinese and 300 million of Indians will be in elderly population by 2050. This will increase the growth of trauma devices in these emerging nations. Increased disposable income and awareness in developed nations such as U.S. and Europe has also contributed in its growth. Despite various advantages, trauma devices market may get hindered due to various factors such as infection and allergy.. Moreover, high cost of these devices would also affect the growth of this market.
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Some of the market players in the trauma devices are Bioretec Inc., Medtronic Inc., Advanced Orthopaedic Solutions, Integra LifeSciences and other significant players.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
Rest of the World
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Market growth drivers
Factors limiting market growth
Current market trends
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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