The Global Trauma Fixation Devices Market was valued at USD 7.03 billion in 2021, growing at a CAGR of 6.42% during the forecast period from 2022 to 2027 to reach USD 10.21 billion by 2027.
Factors such as the rising demand for technologically advanced products, increasing geriatric population, rising number of accident and trauma cases, growing prevalence of degenerative bone disorders, and the rising number of sports-related injuries are expected to drive the trauma fixation devices market.
DelveInsight’s “Trauma Fixation Devices Market Insight & Forecast” report will offer an in-depth understanding of the Trauma Fixation Devices market, further benefiting the competitors or stakeholders operating in the Trauma Fixation Devices arena.
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Trauma Fixation Devices Overview
Trauma fixation devices are used in the correction and fixation of bone fractures and deformities. These devices are used in various orthopedic surgeries helping in fixing bone-related deformities of various anatomical regions such as spine, cranium, and extremities.
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Trauma Fixation Devices Market Drivers
The major drivers of the global trauma fixation devices market growth are rising prevalence of degenerative bone diseases, increasing geriatric population, rising number of trauma cases, among other factors.
Trauma Fixation Devices Market Dynamics
One of the major factors driving the trauma fixation devices market is the rising geriatric population across the globe. Improving healthcare facilities and disposable incomes have been key factors in improving the quality of life and life expectancy in general. The elderly population is susceptible to numerous bone-related disorders and degenerative bone diseases. According to the data provided by the United Nations, in 2020, there were about 727 million people over the age of 65 years and above living across the globe. The number of the elderly population is further expected to double reaching over 1.5 billion over the period of three decades. The elderly population is susceptible to develop degenerative bone disorders more frequently than younger population.
As per a study published in the Lancet Journal titled “Global, regional prevalence, incidence and risk factors of knee osteoarthritis in population-based studies” by Cui et al., in 2020, there were around 654⋅1 million individuals (40 years and older) with knee osteoarthritis worldwide. As per the aforementioned source, the pooled global incidence of knee OA was 203 per 10,000 person-years in individuals aged 20 and over. Additionally, there are around annual 86⋅7 million individuals (20 years and older) with incident knee OA in 2020 worldwide.
Trauma Fixation Devices Market Insights
Among all the regions, North America is expected to account for the significant market share in the trauma fixation devices market. This can be ascribed to the high prevalence of osteoporosis and other bone diseases, rising population of the elderly, increasing number of sports-related injuries among other factors in the region.
One of the key factors supporting the growth of the trauma fixation devices market in the region is the high prevalence of osteoporosis. As per the data provided by the National Center for Health Statistics, Centers for Disease Control and Prevention, United States, for the study period 2017-2018, the prevalence of low bone mass (a precursor to osteoporosis) in the femoral neck or lumbar spine or both in adults aged 50 years and older is 43.1%, and in women (51.5%) were higher than men (33.5%).
According to the data provided by the Organization for Economic Co-operation and Development, in 2018, there were approximately 2,710,000 cases of road accident-related injuries in the country. The data further provided provisional data for Canada in which reported about 152,847 number of road accident-related cases in the country in 2018.
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Trauma Fixation Devices Companies
Some of the key market players operating in the trauma fixation devices market includes Zimmer Biomet, Orthofix Medical Inc, DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG., Stryker, Medtronic, Acumed, INION OY, Orthomed., Smith+Nephew, CONMED Corporation, Bioretec Ltd, Arthrex Inc, JEIL MEDICAL CORPORATION, OsteoMed, Medartis AG and others.
To understand key companies related to the Trauma Fixation Devices Market, get a snapshot of the Trauma Fixation Devices Regulatory and Patent Analysis, visit: https://www.delveinsight.com/report-store/trauma-devices-market
Table of Contents
1. Trauma Fixation Devices Market Report Introduction
2. Trauma Fixation Devices Market Executive Summary
3. Regulatory and Patent Analysis
4. Trauma Fixation Devices Market Key Factors Analysis
5. Trauma Fixation Devices Market Porter’s Five Forces Analysis
6. COVID-19 Impact Analysis on Trauma Fixation Devices Market
7. Trauma Fixation Devices Market Layout
8. Trauma Fixation Devices Market Global Company Share Analysis – Key 3-5 Companies
9. Trauma Fixation Devices Market Company and Product Profiles
10. Project Approach
11. KOL Views
12. DelveInsight Capabilities
14. About DelveInsight
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