The global trauma products market size reached US$ 9.1 Billion in 2023. Looking forward, the market is projected to reach US$ 15.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.79% during 2023-2032.
Trauma is a condition in which a body is damaged, injured, or dislocated by external forces, such as fractures, burns, sprains, dislocations, and strains. Trauma products are composed of innovative instruments, implants, and technologies designed to guarantee patients with musculoskeletal injuries a successful outcome. Pins, metal plates, rods, screws, and wires are commonly used as internal fixators for treating trauma while external fixators include stabilizing frames for bones broken in an accident. The majority of these components are made of metals or metal alloys, such as nickel, cobalt, chromium, and titanium. A variety of injuries that are treated with trauma products include hematomas, hydrocephalus, infections, and fractures of the skull.
Besides this, extensive research and development (R&D) activities, collaborations, and mergers and acquisitions (M&A) by key players for developing innovative trauma products are fueling the market. The market is further driven by a considerable rise in the medical expenditure, along with rapid developments in healthcare infrastructure. Some of the other factors creating a positive market outlook include the escalating prevalence of sports injuries and road accidents and the growing awareness regarding advanced trauma devices among patients.
2. What is the expected growth rate of the global trauma products market during 2024-2032?
3. What are the key factors driving the global trauma products market?
4. What has been the impact of COVID-19 on the global trauma products market?
5. What is the breakup of the global trauma products market based on the product?
6. What is the breakup of the global trauma products market based on the surgical site?
7. What is the breakup of the global trauma products market based on end user?
8. What are the key regions in the global trauma products market?
9. Who are the key players/companies in the global trauma products market?
Trauma is a condition in which a body is damaged, injured, or dislocated by external forces, such as fractures, burns, sprains, dislocations, and strains. Trauma products are composed of innovative instruments, implants, and technologies designed to guarantee patients with musculoskeletal injuries a successful outcome. Pins, metal plates, rods, screws, and wires are commonly used as internal fixators for treating trauma while external fixators include stabilizing frames for bones broken in an accident. The majority of these components are made of metals or metal alloys, such as nickel, cobalt, chromium, and titanium. A variety of injuries that are treated with trauma products include hematomas, hydrocephalus, infections, and fractures of the skull.
Trauma Products Market Trends
The market is primarily driven by the growing incidences of degenerative bone diseases, such as osteoporosis, Paget’s disease, rheumatoid arthritis, and osteoarthritis. This can be attributed to the rising geriatric population that is susceptible to developing these diseases. In addition to this, the increasing adoption of minimally invasive surgeries and the augmenting government support to supply well-equipped instruments to trauma centers are resulting in higher product uptake. The widespread popularity of orthobiologics and regenerative pharmaceuticals in medical biotechnology is also providing an impetus to the market.Besides this, extensive research and development (R&D) activities, collaborations, and mergers and acquisitions (M&A) by key players for developing innovative trauma products are fueling the market. The market is further driven by a considerable rise in the medical expenditure, along with rapid developments in healthcare infrastructure. Some of the other factors creating a positive market outlook include the escalating prevalence of sports injuries and road accidents and the growing awareness regarding advanced trauma devices among patients.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global trauma products market report, along with forecasts at the global, regional and country levels from 2024-2032. The report has categorized the market based on product, surgical site and end user.Breakup by Product:
- Internal Fixators
- Plates
- Screws
- Nails
- Others
- External Fixators
- Unilateral and Bilateral External Fixators
- Circular External Fixators
- Hybrid External Fixators
- Others
Breakup by Surgical Site:
- Upper Extremities
- Hand and Wrist
- Shoulder
- Elbow
- Lower Extremities
- Hip and Pelvic
- Foot and Ankle
- Knee
- Others
Breakup by End User:
- Hospitals and Trauma Centers
- Ambulatory Surgery Center
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acumed LLC (Colson Medical Inc.), Arthrex Inc., B. Braun Melsungen AG, Citieffe s.r.l, Double Medical Technology Inc., Enovis Corporation, Globus Medical Inc., Johnson & Johnson, Medartis AG, Orthofix Medical Inc., Smith & Nephew plc, Stryker Corporation and Zimmer Biomet.Key Questions Answered in This Report
1. What was the size of the global trauma products market in 2023?2. What is the expected growth rate of the global trauma products market during 2024-2032?
3. What are the key factors driving the global trauma products market?
4. What has been the impact of COVID-19 on the global trauma products market?
5. What is the breakup of the global trauma products market based on the product?
6. What is the breakup of the global trauma products market based on the surgical site?
7. What is the breakup of the global trauma products market based on end user?
8. What are the key regions in the global trauma products market?
9. Who are the key players/companies in the global trauma products market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Trauma Products Market
6 Market Breakup by Product
7 Market Breakup by Surgical Site
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Acumed LLC (Colson Medical Inc.)
- Arthrex Inc.
- B. Braun Melsungen AG
- Citieffe s.r.l
- Double Medical Technology Inc.
- Enovis Corporation
- Globus Medical Inc.
- Johnson & Johnson
- Medartis AG
- Orthofix Medical Inc.
- Smith & Nephew plc
- Stryker Corporation
- Zimmer Biomet
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 135 |
Published | April 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 9.1 Billion |
Forecasted Market Value ( USD | $ 15.1 Billion |
Compound Annual Growth Rate | 5.7% |
Regions Covered | Global |
No. of Companies Mentioned | 13 |