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Trauma Products Market Set to Skyrocket to $10.4 Billion by 2026, Fueling Impressive 5.8% CAGR Growth

The trauma products market has experienced substantial growth over the past decade and is projected to continue its upward trajectory in the coming years. With a valuation of $6,613 million in 2018, this market is estimated to reach an impressive $10,418 million by 2026, reflecting a compound annual growth rate (CAGR) of 5.8% from 2019 to 2026.

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The key players profiled in this report include Accumed LLC, B. Braun Melsungen AG, Colfax Corporation (DJO), Globus Medical, Inc., Johnsons & Johnsons, Medtronic PLC, Nuvasive Inc., Smith & Nephew, Stryker Corporation, and Zimmer Biomet Holding Inc. 

The trauma products market offers a diverse range of products and is segmented based on different factors. Here are some key highlights from the market report:

  1. Product Segmentation: a. Internal Fixators: This category includes products such as plates, screws, nails, and other internal fixators. Internal fixators are widely used in trauma surgeries to stabilize fractures and promote healing. b. External Fixators: External fixators are devices used externally to stabilize fractures and provide support during the healing process. This segment includes unilateral and bilateral external fixators, circular external fixators, and hybrid external fixators. c. Other Trauma Products: Apart from internal and external fixators, the market also encompasses various other trauma products that are used in the treatment of traumatic injuries. This category may include products such as bone grafts, bone cement, and soft tissue repair devices.
  2. Surgical Site Segmentation: a. Upper Extremities: Traumatic injuries in the upper extremities, including the hand, wrist, shoulder, and elbow, require specialized trauma products for effective treatment and restoration of function. b. Lower Extremities: The lower extremities, comprising the hip, pelvic region, foot, ankle, and knee, are prone to trauma and often require trauma products for fracture fixation and joint stabilization. c. Others: This category encompasses trauma products used in surgical sites not specifically mentioned in the upper and lower extremities, such as the spine or facial trauma.
  3. End User Segmentation: a. Hospitals & Trauma Centers: These healthcare facilities serve as major end users of trauma products due to their ability to provide comprehensive trauma care, including emergency services, specialized surgeries, and post-operative care. b. Ambulatory Surgery Centers: Ambulatory surgery centers are outpatient facilities that perform surgical procedures, including trauma surgeries. These centers provide efficient and cost-effective care for patients requiring trauma interventions.

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    • The Wire Times
Last Updated: 17-May-2023