Trauma Fixation Device Market Overview
Trauma fixation devices play a crucial role in medical treatment by providing implants and instruments to stabilize and promote the healing of fractures and broken bones. This medical equipment is vital for addressing bone fractures and tissue degeneration. Trauma fixation devices are among the earliest medical devices and are still widely used in modern healthcare.Trauma fixation devices, such as plates, screws, rods, pins, and external fixators, are used for internal fixation. They are surgically implanted directly into the bone or adjacent soft tissues to provide structural stability, facilitate bone healing, and restore normal anatomical alignment. These devices help to reduce hospital stays, enable patients to return to function earlier, and decrease the incidence of nonunion (improper healing) and malunion (healing in an inappropriate position) of broken bones.
Growth Drivers in the Trauma Fixation Devices Market
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. In June 2023, Invibio Biomaterial Solutions and Paragon Medical announced a collaboration to manufacture composite PEEK-OPTIMA™ Ultra-Reinforced medical trauma devices.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. The WHO predicts that the elderly population will reach 12 billion by 2025, and as of 2024, 10.3% of the global population is 65 and older, according to UNFPA data.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.
Trauma Fixation Device Market Company Overview
Some industry leaders in the Global Trauma Fixation Device Market include Zimmer Biomet, Orthofix Medical Inc, B. Braun Melsungen AG, Stryker, Medtronic, Smith & Nephew, and Integra LifeSciences.Trauma Fixation Device Market News
- In October 2023, Johnson & Johnson obtained FDA approval for the TriALTIS spine system and TriALTIS navigation-enabled instruments, which are next-generation posterior thoracolumbar pedicle screw systems and associated instrumentation.
- In September 2023, Orthofix Medical Inc. launched the Galaxy Fixation Gemini system in the U.S. It is an external fixation device for repairing fractures in the lower and upper limbs caused by trauma.
Products - Market breakup in 3 viewpoints:
- External Fixators
- Internal Fixators
- Others
Material - Market breakup in 3 viewpoints:
- Stainless Steel
- Titanium
- Others
End User - Market breakup in 3 viewpoints:
- Hospitals
- Special Clinics
- Ambulatory Surgery Centers
Country - Market breakup in 26 viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- the Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
Rest of the World
The key players have been covered from 5 viewpoints:
- Overviews
- Key Person
- Recent Developments & Strategies
- Product Portfolio & Product Launch in Last 1 Year
- Revenue
Company Analysis:
- Zimmer Biomet
- Orthofix Medical Inc
- B. Braun Meslungen AG
- Stryker
- Medtronic
- Smith & Nephew
- Integra LifeSciences
- Otto Group
Table of Contents
Companies Mentioned
- Zimmer Biomet
- Orthofix Medical Inc
- B. Braun Meslungen AG
- Stryker
- Medtronic
- Smith & Nephew
- Integra LifeSciences
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 165 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 8.13 Billion |
| Forecasted Market Value ( USD | $ 13.95 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
