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Orthopedic Trauma Devices Market HighlightsThe Global Orthopedic Trauma Devices Market is expected to register an approximate CAGR of 8% during the forecast period. Devices used to treat traumatic orthopedic injuries are termed as orthopedic trauma devices. The most common orthopedic injuries are distal radius fracture, stress fractures, rotator cuff tear, shoulder dislocation/labral tear, meniscus tear, anterior cruciate ligament (ACL) tear, and others. The increase in a number of accidents and severe fracture incidences are key factors for the market growth.
According to the Association for Safe International Road Travel (ASIRT) approximately, 3,287 people die every day due to road accidents and 20 to 50 million are injured. It also mentioned that if actions are not taken, road accidents can be among the top five causes of death by 2030. Such high incidences of road accidents drive the market growth. Furthermore, technological advancements, increase in adoption of minimally invasive surgical procedures, increased prevalence of osteoarthritis, and orthopedic sports injury are also expected to drive the growth of the orthopedic trauma devices market.
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Some of the key factors which can hamper the growth of this market is the rising cost of procedures due to advancement in technology and less availability of super specialized professionals in this field. The market for orthopedic trauma devices can be segmented on the basis of material type that includes bioabsorbable material, non-absorbable material among others. Bioabsorbable material are used as these materials are biocompatible, with degradation products that are well tolerated by the host with no immunogenic or mutagenic tendency while non-absorbable material are those substances which are not degradable and need to be removed after sufficient healing of the injury.
Global Orthopedic Trauma Devices Market:
The Global Orthopedic Trauma Devices Market has been evaluated as a growing market and it is expected that the market will touch high growth figures in future. Factors such as the growing prevalence of bone injuries due to the increasing accidents and increasing funding by government in orthopedic trauma and surgery industry will drive the growth of the market. The global orthopedic trauma devices market is expected to grow with CAGR of ~8% during the forecasted period.
Top Players Overview
Invibio (UK), BIOTEK (India), Auxein Medical (India), Stryker, Johnson & Johnson Services, Inc. (US), DePuy Synthes Companies, Ortho Max Manufacturing Company Pvt. Ltd., NuVasive, Inc., Orthofix Holdings, Inc. (Italy), Smith & Nephew, MEDTRONIC, B. Braun Melsungen AG and others.
Segmentation:
Global Orthopedic Trauma Devices Market has been segmented on the basis of material type which comprises bioabsorbable materials, non-absorbable materials and others. On the basis of product type; market is segmented into screws, plates, patient specific implants and others. On the basis of end users; market is segmented into hospitals, rehabilitation centers, clinics and others.
Regional Analysis:
Depending on geographic region, orthopedic trauma devices market is segmented into four key regions: North America, Europe, Asia Pacific, and Middle East & Africa. Globally, North America is the largest market for orthopedic trauma devices as they deploy the most advanced healthcare technologies and increasing demand for the reliable and cost effective products. Europe is the second-largest market for clinical trial management system. Asia pacific region is expected to be fastest growing region in orthopedic trauma devices market due to increasing healthcare expenditure.
MAJOR TABLE OF CONTENTS
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
TOC Continued…!
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