Orthopedic Trauma Devices Market slated to rise at a CAGR of 6.9% to close in on US$ 14.8 Bn by 2028.
As per Future Market Insights’ analysis, the global Orthopedic Trauma Devices Market was valued at US$ 9.2 Bn in 2021. Sales of orthopedic trauma devices are slated to rise at a CAGR of 6.9% to close in on US$ 14.8 Bn by 2028.
|Orthopedic Trauma Devices Market Size (2022)||US$ 9.9 Bn|
|Sales Forecast for Orthopedic Trauma Devices (2028)||US$ 14.8 Bn|
|Global Market Growth Rate (2022 to 2028)||6.9% CAGR|
|Market Share of Top 5 Orthopedic Trauma Device Manufacturers||60%|
Orthopedic trauma device sales currently represent around 51.5% share of the global orthopedic implants & devices market. Internal fixators are set to account for 60% revenue share of orthopedic trauma devices across the assessment period of 2022 to 2028.
Click on the link to get the Brochure: https://www.futuremarketinsights.com/reports/sample/rep-gb-2840
Demand Analysis of Orthopedic Trauma Devices (2013 to 2021) Vs Market Estimates for 2022 to 2028
As per FMI, the global orthopedic trauma devices market was valued at US$ 9.2 Bn in 2021.
Rheumatoid arthritis and osteoarthritis are conditions that are most likely to boost demand for orthopedic trauma fixation devices. Surging number of road accidents, fractures, and sports injuries is expected to fuel demand growth of orthopedic trauma medical devices over the coming years.
The market is witnessing a primary push from a growing base of geriatric population, in addition to a swelling number of orthopedic disease instances. Another significant driver for the sales of orthopedic trauma fixation devices is the strong presence of leading local players in their respective regional markets.
With advances in 3D printing, the industry is discovering new applications in orthopedics, and resultant 3D printed orthopedic trauma implants are trending rapidly across the world. A more successful reverse shoulder arthroplasty is also trending in the market.
Leading manufacturers of orthopedic trauma devices are likely to encounter various attractive opportunities in the near future, such as bolstering demand for trauma and orthopedic surgeries, increasing funds for delivering state-of-the-art trauma care, and ongoing development of innovative, efficient, and effective orthopedic trauma care products.
The dawn of digital orthopedics is foreseen to hold an immensely positive influence on the overall scenario of the global orthopedic trauma solutions market.
Attributed to these factors, the global orthopedic trauma devices market will possibly expand at a promising CAGR of 6.9% through 2028.
What is the Market Scenario for Orthopedic Trauma Devices in North America?
The North American regional market is projected to account for over 45% of the global market share in 2022.
Soaring use of bioresorbable plates and screws is prominently driving demand for orthopedic trauma care products in North America. This region is currently witnessing the much expected robust sales of hybrid plates and screws, which is anticipated to continue over the next ten years.
Intramedullary nails are lately gaining rapid traction among a majority of orthopedic surgeons in the industry, owing to their growing popularity as ideal trauma devices for various anatomies.
Orthopedic Trauma Devices Market – Country-wise Analysis
U.S. Orthopedic Trauma Devices Market to Lead the Way?
The market in the U.S. will provide the highest revenue among all countries due to its high consumption rate and is predicted to develop at a steady rate thanks to a variety of third-party payers such as governments, local dealers, and private health insurance companies.
The market is growing due to favorable reimbursement rules in the healthcare system, increase in the number of accident cases, and rising use of digital orthopedics for trauma and orthopedic surgeries in the country.
Why is Demand for Orthopedic Trauma Devices Rising Rapidly in India?
Against the backdrop of an expanding market in developing Asian economies, flourishing medical tourism will continue to fuel orthopedic trauma device consumption in India, which currently leads the South Asia market.
Large patient pool and increasing healthcare spending are supplementing the market growth in India. Furthermore, market expansion would be influenced by rising consumer spending power, increased knowledge of improved internal trauma fixation devices, and technological advancements.
Growing awareness about orthopedic problems is fueling demand for orthopedic trauma solutions in India.
Orthopedic Trauma Devices Market – Category-wise Analysis
Why are Internal Fixators Highly Sought-after?
Sales of internal fixators are projected to increase 2.2X by 2028.
Internal fixators are used to repair and stabilize severe fractures and dislocations. Internal fixators are implanted inside the human body and are used to provide the patient’s broken bone with the right shape and to keep the patient’s bearing load during the recovery period.
By restraining the movement of shattered bones, these devices speed up the bone fixing process. Steel, nickel, or titanium alloys are used to make internal fixators. These devices are safe since they are corrosion-resistant and can be adjusted to fit the shape of the bone.
The internal fixators segment is further classified as screws, plates, intramedullary nails, and others, including wires and staples. While plates and screws are presumed to continue presenting dominant revenue shares, the market will experience relatively higher sales of staples and wires.
Favorable reimbursement policies will continue to play a crucial role in strengthening the market for internal fixators, eventually resulting in augmented adoption for use during orthopedic surgeries.
Who is the Leading End User of Orthopedic Trauma Devices?
Hospitals dominated the orthopedic trauma devices market, owing to the growth of healthcare settings in advanced markets and an exponential rise in hospitalizations as a result of an increase in the frequency of road accidents and other sports injuries.
An increase in the number of hospitals leads to a reduction in patient waiting times and better care for trauma injuries, as well as improvements in hospital infrastructure.
Government support for devices supply is increasing, and hospitals are providing acceptable reimbursement schemes.
COVID-19 Impact on Orthopedic Trauma Device Sales
As the world struggles with the growing pandemic, there are concerns about the economy as cases of COVID-19 rise. COVID-19 had a significant impact on orthopedic trauma device shipments.
COVID-19 patients are occupying advanced healthcare facilities around the world, resulting in a scarcity of healthcare staff to treat other illnesses. Furthermore, restrictions on elective surgical treatments and supply chain disruptions during shutdowns have reduced the number of surgical procedures performed around the world.
If the situation improves, procedure volumes are likely to increase, propelling demand for orthopedic trauma equipment forward over the coming years.
Orthopedic Trauma Devices Market – Competitive Landscape
A majority of key orthopedic trauma device suppliers are opting for strategic mergers and acquisitions, in addition to new product launches.
Growing outpatient surgical procedure demand and boosting funds for the delivery of top-notch trauma care are foreseen to collectively create a lucrative pool of opportunities for the leading bunch of companies in the global marketplace.
The market is also witnessing the development of novel and effective products for use in trauma care, which stands to be another important opportunity.
- Zimmer Biomet, a leading developer of orthopedic trauma devices, has teamed up with Bactiguard, a Swedish medical device company that specializes in infection prevention. The Zimmer Natural Nail (ZNN) Bactiguard implants, which are presently accessible in some EMEA markets and will be offered across regions soon, are the result of this cooperative venture.
Orthopedic Trauma Devices Industry Report Scope
|Historical Data Available for||2013-2021|
|Market Analysis||Value in US$ Mn, Volume in Units|
|Key Regions Covered||
|Key Countries Covered||
|Key Market Segments Covered||
|Key Companies Profiled||
|Pricing||Available upon Request|
Key Segments Covered in Orthopedic Trauma Devices Industry Research
Orthopedic Trauma Devices Market by Product Type:
- Internal Fixators
- Intramedullary Nails
- Others (Wires, Pins, Staples)
- External Fixators
- Unilateral Fixators
- Circular Fixators
- Hybrid Fixators
Orthopedic Trauma Devices Market by Product Type by End User:
- Orthopedic and Trauma Centers
- Ambulatory Surgical Centers
Click on the link to get the TOC of this Report: https://www.futuremarketinsights.com/reports/orthopedic-trauma-devices-market/table-of-content
Orthopedic Trauma Devices Market by Region:
- North America Orthopedic Trauma Devices Market
- Latin America Orthopedic Trauma Devices Market
- Europe Orthopedic Trauma Devices Market
- East Asia Orthopedic Trauma Devices Market
- South Asia & Pacific Orthopedic Trauma Devices Market
- Middle East & Africa (MEA) Orthopedic Trauma Devices Market
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: firstname.lastname@example.org
For Media Enquiries: email@example.com