Internal Trauma Fixation Devices Market Report 2024

This Internal Trauma Fixation Devices market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The internal trauma fixation devices market size has grown strongly in recent years. It will grow from $9.74 billion in 2023 to $10.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth during the historical period can be attributed to an increase in ambulatory surgical procedures, supportive reimbursement policies within the healthcare system, rising demand for medical devices, low labor costs, and a rise in disposable income.

The internal trauma fixation devices market size is expected to see strong growth in the next few years. It will grow to $13.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the easy accessibility of advanced devices, increased awareness of advanced internal trauma fixation devices, a focus on improving patient outcomes, rising healthcare expenditure, and the development of healthcare infrastructure. Key trends expected during this period include the integration of 3D printing technology, the growing adoption of bioabsorbable fixators, expanded healthcare insurance coverage for fracture fixation procedures, collaborative research efforts between orthopedic surgeons and researchers, and an emphasis on sustainability and biocompatibility in implant development.

The increasing incidence of orthopedic diseases is expected to drive the growth of the internal trauma fixation market in the future. Orthopedic diseases encompass a broad range of conditions, including osteoarthritis, that affect the musculoskeletal system, which consists of bones, joints, muscles, ligaments, tendons, and nerves. The rise in orthopedic diseases is attributed to factors such as longer lifespans, higher obesity rates, and an increase in trauma incidents such as sports injuries. Internal trauma fixation devices are essential in orthopedic trauma care, as they help align and stabilize fractured bones correctly. For instance, according to data published by the Australian Institute of Health and Welfare in May 2024, the number of hospitalizations for osteoarthritis among Australians aged 50 to 54 increased to 15,628 in 2021-22, up from 14,993 in 2019-20 for the same age group. This growing incidence of orthopedic diseases is, therefore, fueling the expansion of the internal trauma fixation market.

Leading companies in the internal trauma fixation devices market are focusing on advancing fixation devices, such as next-generation intramedullary nailing systems, to enhance surgical outcomes and patient recovery. Next-generation intramedullary nailing systems are advanced medical devices used in orthopedic surgery to stabilize and treat fractures in long bones such as the femur and tibia. For example, in March 2024, Stryker Corporation, a U.S.-based medical technology company, launched the Gamma4 Hip Fracture Nailing System in the European market. The Gamma4 system represents the latest evolution in intramedullary nailing technology, specifically designed to treat hip and femur fractures more effectively while optimizing surgical workflows for healthcare professionals. Stryker's Gamma system has been refined to enhance surgical techniques and usability by improving processes, standardizing procedures, and paying close attention to detail.

In September 2023, Orthofix, a U.S.-based medical device company, merged with SeaSpine for an undisclosed amount. This merger aims to position Orthofix as a leading player in the spine and orthopedics sectors. The newly combined Orthofix now offers a comprehensive portfolio, including biologics, spinal hardware solutions, bone-growth therapies, specialized orthopedic products, and a surgical navigation system. SeaSpine is a U.S.-based manufacturer of internal trauma fixation devices.

Major companies operating in the internal trauma fixation devices market are Johnson and Johnson, Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings Inc, Olympus Corporation, Smith and Nephew plc, KARL STORZ SE & Co KG, NuVasive Inc., Conmed Corporation, Globus Medical Inc., Wright Medical Group N.V., Orthofix Medical Inc., KLS Martin SE & Co. KG, Richard Wolf GmbH, Paragon 28 Inc., Corin Medical Holdings, Acumed LLC, Narang Medical Ltd., GPC Medical Ltd., Inion Oy, Vast Ortho Inc, Extremity Medical LLC, Citieffe s.r.l., Bioretec Ltd., Arthrex Inc.

North America was the largest region in the internal trauma fixation device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internal trauma fixation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the internal trauma fixation devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Internal trauma fixation devices are typically made from metal alloys and are designed to keep fractured bone fragments properly aligned until they heal. These implants are used in orthopedic surgery to stabilize broken bones or to surgically correct skeletal deformities.

The primary types of internal trauma fixation devices include plates, nails, screws, and other related devices. Plates, a key product in this market, are flat, thin metal implants used to stabilize fractures. They are available in various materials, such as stainless steel, titanium alloy, and bioabsorbable options, and are applied to both the lower and upper extremities. These devices are utilized by various end-use sectors, including hospitals, orthopedic clinics, and ambulatory surgical centers.

The internal trauma fixation devices market research report is one of a series of new reports that provides internal trauma fixation devices market statistics, including internal trauma fixation devices industry global market size, regional shares, competitors with a internal trauma fixation devices market share, detailed internal trauma fixation devices market segments, market trends and opportunities, and any further data you may need to thrive in the internal trauma fixation devices industry. This internal trauma fixation devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The internal trauma fixation devices market consists of sales of closure devices, bone cement, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.