Press release
Orthopedic Trauma Devices Market Projected to Reach CAGR of 7.2% from 2014 through 2020
As clinical outcomes improve, paving the way for more patients to undergo treatments that use orthopedic trauma devices, companies in the global orthopedic trauma devices market will find new opportunities for growth. However, PMR analysts recommend companies to devise strategies to face challenges in the form of a low degree of awareness among patients about the use of orthopedic trauma devices and the absence of adequate health insurance coverage for patients in developing countries. The key trends that PMR analysts identify and elaborate upon in the report are: an increase in the number of mergers and acquisitions and a growing preference for the use of bioabsorbable internal fixators as opposed to conventional metallic fixators.
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For the purpose of this study, PMR analysts have segmented the global orthopedic trauma devices market on the basis of type of fixator (internal and external), type of internal fixator (intramedullary nail, plate and screw system, and intramedullary screw), composition (bioabsorbable and metallic), and geography (North America, Europe, Asia Pacific, and Rest of the World).
Internal fixators constituted the largest segment, by type, in the global orthopedic trauma devices market. The market for orthopedic trauma devices is expected to register a CAGR of 6.8% from 2014 to 2020, say PMR analysts. Among internal fixators, the use of plate and screw systems is noticeably higher than intramedullary nails and screws. The plate and screw systems market is expected to exhibit a healthy 7.1% CAGR from 2014 through 2020.
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The report’s findings indicate that the Asian region is on course to reporting the fastest growth rate in the global orthopedic trauma devices market because of an increased aging population here and the establishment of improved trauma surgery centers. In 2014, North America was seen to be the largest regional market.
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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR 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.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
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