Global market expected to reach $13.95 billion by 2032, driven by growth in North America and advances in technology and product innovation

Trauma Fixation Devices Market

Dublin, Oct. 8, 2024 (GLOBE NEWSWIRE) — The “Trauma Fixation Devices Market Report Forecast by Products, Material, End Users, Countries and Company Analysis, 2024-2032” report has been added ResearchAndMarkets.com Offer.

The global trauma fixation devices market was valued at $8.13 billion in 2023 and is expected to reach $13.95 billion by 2032

This represents a growth rate of 6.19% from 2024 to 2032, driven by an increasing global elderly population, a higher incidence of osteoporosis and other bone diseases among the elderly, an increase in accidents and burns, and an increase in disposable income.

The increasing number of traffic accidents and trauma-related injuries worldwide is driving the trauma fixation devices market. Urbanization and increasing traffic density have led to more frequent traffic accidents, leading to an increase in broken bones and other serious injuries. This has led to a growing demand for trauma fixation devices such as plates, screws and intramedullary nails.

Falls, particularly among older people, have also become a major problem. These factors increase the need for effective and rapid recovery solutions and increase the demand for external and internal fixation devices. Traffic accidents are the most common cause of death among children and young adults. Each year, 20 to 50 million people suffer non-fatal, disabling injuries in traffic accidents.

Advances in technology and product innovation

Technological advancements and continuous product innovations are driving the trauma fixation devices market. Manufacturers are focusing on developing devices with improved biocompatibility, durability and ease of use to improve patient outcomes. Innovations such as bioabsorbable and intelligent implants with integrated sensors reduce the need for secondary surgeries and are becoming increasingly important. These advances improve the effectiveness of trauma fixation and address the growing demand for minimally invasive procedures.

Growing geriatric population and cases of osteoporosis

The trauma fixation devices market is witnessing growth due to increasing prevalence of osteoporosis and related fractures in the elderly. The growing proportion of older people worldwide is leading to an increase in age-related bone diseases, resulting in greater demand for effective fixation solutions. Healthcare providers are emphasizing better treatment options and fracture management in older patients.

Overview of the North American trauma fixation devices market

The trauma fixation devices market in North America is expected to grow significantly due to factors such as 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 also contribute to this growth. In 2021, there were over 586 hospitalizations due to traumatic brain injuries each day in the United States. These injuries require rapid diagnosis for assessment and treatment decisions.

Pediatric and adolescent orthopedic surgery can now utilize OSSIOfiber biointegrative fixation technology following FDA approval in December 2023. This technology allows the use of OSSIOfiber compression screws and cuttable fixation nails in children aged two to 21 years. Key players such as 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:

Company analysis: overview, key personnel, current developments and strategies, product portfolio and product launches, sales

• Room Biomet

• Orthofix Medical Inc

• B. Braun Meslungen AG

• Stryker

• Medtronic

• Smith & Nephew

• Integra Life Sciences

• Otto Group

Main topics covered:

1. Introduction

2. Research methodology

3. Summary

4. Market dynamics
4.1 Growth drivers
4.2 Challenges

5. Global Trauma Fixation Devices Market

6. Market share analysis
6.1 By products
6.2 By material
6.3 By the End User
6.4 By country

7. Products
7.1 External fixators
7.2 Internal fixators
7.3 Miscellaneous

8. Materials
8.1 Stainless steel
8.2 Titanium
8.3 Miscellaneous

9. End Users
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 the World

11. Porter’s Five Forces Analysis
11.1 Risk of new entry
11.2 The bargaining power of the buyer
11.3 Threat of substitution
11.4 The bargaining power of the 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/uv5b01

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of 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.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900