DUBLIN--(BUSINESS WIRE)--The "Trauma Fixation Device Market Report, Forecast by Products, Material, End User, Countries and Company Analysis, 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global market for trauma fixation devices was valued at US$ 8.13 billion in 2023 and is projected to reach US$ 13.95 billion by 2032
This represents a growth rate of 6.19% from 2024 to 2032, driven by an increasing elderly population worldwide, higher incidence of osteoporosis and other bone diseases among the elderly, a rise in accidents and burn injuries, and an increase in disposable income.
Rising Incidence of Road Accidents and Trauma Cases
The increasing number of road accidents and trauma-related injuries globally is driving the trauma fixation devices market. Urbanization and rising traffic density have led to more frequent road mishaps, resulting in a surge in bone fractures and other serious injuries. This has created a growing demand for trauma fixation devices like plates, screws, and intramedullary nails.
Falls, particularly among older people, have also become a significant concern. These factors increase the need for effective and quick recovery solutions, increasing demand for external and internal fixation devices. Road traffic injuries are the leading cause of fatality in children and young adults, with 20-50 million people suffering from non-fatal injuries in road accidents resulting in disability each year.
Advancements in Technology and Product Innovation
Technological advancements and continuous product innovation are driving the trauma fixation devices market. Manufacturers focus on developing devices with enhanced biocompatibility, durability, and ease of use to improve patient outcomes. Innovations such as bioabsorbable and smart implants integrated with sensors reduce the need for secondary surgeries and gain traction. These advancements improve trauma fixation effectiveness and cater to the growing demand for minimally invasive procedures.
Growing Geriatric Population and Osteoporosis Cases
The trauma fixation devices market is witnessing growth due to the increasing prevalence of osteoporosis and related fractures among the elderly population. The rising senior population globally is leading to a surge in age-related bone conditions, resulting in a higher demand for effective fixation solutions. Healthcare providers are emphasizing better treatment options and fracture management in elderly patients.
North American Trauma Fixation Device Market Overview
The trauma fixation devices market in North America is expected to grow significantly due to factors such as the prevalence of trauma-related brain injuries, ongoing product development activities by regulatory authorities, and well-established healthcare facilities. The region's robust healthcare infrastructure and the presence of key market players are also contributing to this growth. In 2021, there were over 586 traumatic brain injury-related hospitalizations per day in the US. These injuries require prompt diagnosis for assessment and treatment decisions.
Orthopedic surgery for children and adolescents can now use OSSIOfiber bio-integrative fixation technology after being cleared by the FDA in December 2023. This technology allows the use of OSSIOfiber Compression Screws and Trimmable Fixation Nails in children aged two to 21 years. Key players like DePuy Synthes, Stryker Corporation, and Zimmer Biomet are contributing to the growth of the regional trauma fixation devices market through their strong distribution networks.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 165 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $8.13 Billion |
| Forecasted Market Value (USD) by 2032 | $13.95 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
Company Analysis: Overview, Key Personnel, Recent Developments & Strategies, Product Portfolio & Product Launches, Revenue
- Zimmer Biomet
- Orthofix Medical Inc
- B. Braun Meslungen AG
- Stryker
- Medtronic
- Smith & Nephew
- Integra LifeSciences
- Otto Group
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Trauma Fixation Device Market
6. Market Share Analysis
6.1 By Products
6.2 By Material
6.3 By End User
6.4 By Countries
7. Products
7.1 External Fixators
7.2 Internal Fixators
7.3 Others
8. Material
8.1 Stainless Steel
8.2 Titanium
8.3 Others
9. End User
9.1 Hospitals
9.2 Special Clinics
9.3 Ambulatory Surgery Centers
10. Countries
10.1 North America
10.1.1 United States
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 United Kingdom
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Switzerland
10.3 Asia Pacific
10.3.1 Japan
10.3.2 China
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.4 Latin America
10.4.1 Brazil
10.4.2 Argentina
10.5 Middle East and Africa
10.5.1 Saudi Arabia
10.5.2 South Africa
10.5.3 United Arab Emirates
10.6 Rest of World
11. Porter's Five Forces Analysis
11.1 Threat of New Entry
11.2 The Bargaining Power of Buyer
11.3 Threat of Substitution
11.4 The Bargaining Power of Supplier
11.5 Competitive Rivalry
12. SWOT Analysis
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threats
For more information about this report visit https://www.researchandmarkets.com/r/t9sx3u
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
