-- U.S. trauma fixation devices market held a majority of the market share and valued at 4 billion in the year 2018. Rising prevalence of medical conditions such as osteoporosis and other bone diseases will foster market growth in the country. As per the National Osteoporosis Foundation reported in 2014 in the U.S., about 10.2 million individuals suffer from osteoporosis and nearly 43.4 million individuals have low bone mass, thereby increasing the regional growth.
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Trauma Fixation Devices Market will exceed USD 9.5 billion by 2025. Increase in the number of road accidents due to urbanization and industrialization is expected to boost trauma fixation devices market during the forecast period. According to the Association for Safe International Road Travel (ASIRT), about 1.3 million individuals die from road accidents each year, and approximately 20-30 million gets disabled or injured. Growing injuries and fractures will spur trauma fixation market.
Stainless steel segment accounted for the largest market share of 54% in 2018. Stainless steel is one of the most commonly used biomaterials in internal fixation implants because of its superior features such as corrosion resistant and cost-effectiveness in comparison to other biomaterials. Moreover, countries with low income mostly prefer usage of stainless steel due to its cost-effectiveness, biocompatibility, and tensile properties thus, increasing segmental growth.
Internal fixators held the largest market share, accounting for a total value of USD 4.2 billion in 2018. High growth is due to a rise in demand for such products due to its extensive features such as its flexibility, cost-effectiveness, durability, stability and better bone fixation. These fixators provide the necessary support to the bone and results in rapid recovery from the medical condition. Additionally, internal fixators also reduce stay in hospitals and enhance the bone healing process. Aforementioned factors will further augment segment growth.
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Hospital segment accounted for the largest market of 2.6 billion in 2018. Growing number of injuries related to sports and rise in number of road accidents have increased segmental growth. Also, the growing infrastructure to provide improved and advanced technological trauma fixation procedures in these facilities will enhance market growth. Additionally, cost effective treatments provided by various government hospitals in developing countries will drive the segmental growth.
Industry players having a strong foothold include Stryker Corporation, Depuy Synthes (Johnson & Johnson), Smith & Nephew, and Zimmer Biomet, Inc. Other notable participants include Conmed Corporation, B. Braun Melsungen AG, Integra Lifesciences and Wright Medical Group N.V. Additionally, novel product launch in developed as well as developing economies by these companies enable them to serve a broader customer base.
Table of Content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3 Trauma Fixation Devices Industry Insights
Chapter 4 Trauma Fixation Devices Market, By Product
Chapter 5 Trauma Fixation Devices Market, By Material
Chapter 6. Trauma Fixation Devices Market, By Site
Chapter 7. Trauma Fixation Devices Market, By End-use
Chapter 8. Trauma Fixation Devices Market, By Region
Chapter 9. Trauma Fixation Devices Market Company Profiles
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Global (United States, European Union and China) Trauma Fixation Devices Market Research Report 2019-2025
In 2019, the market size of Trauma Fixation Devices is 1800 million US$ and it will reach 3000 million US$ in 2025, growing at a CAGR of 6.6% from 2019. This study presents the Trauma Fixation Devices production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019 and forecast to 2025.
https://www.marketstudyreport.com/reports/global-united-states-european-union-and-china-trauma-fixation-devices-market-research-report-2019-2025
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