DUBLIN, May 4, 2022 /PRNewswire/ — “Global Trauma Fixation Devices Market Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Business Opportunity Analysis” report has been added to from ResearchAndMarkets.com offer.
Global Trauma Fixation Devices Market to Reach US$10.42 billion by 2027 from US$7.49 billion in 2021
Trauma refers to physical injuries such as burns, dislocations, fractures, sprains and strains produced by an external source (fire or accident). Additionally, trauma is defined by the Centers for Disease Control and Prevention (CDC) as “damage or injury to a living body produced by the application of external force or violence.
Additionally, various techniques are available to treat trauma, and their use by surgeons is determined by the degree of injury. Surprisingly, one of the essential treatment approaches for the aforementioned medical conditions is trauma fixation devices.
Global Trauma Fixation Devices Industry is anticipated to grow at a CAGR of 5.7% during 2021-2027:
Globally, companies are developing technologically enhanced products to meet the increased need for trauma fixation devices while gaining market share.
Drug-eluting implants, bioresorbable implants, and nano-coated devices, among other technologically advanced products, have dramatically boosted the use of trauma fixation devices in surgery centers and hospitals. Trauma fixation devices have witnessed revolutionary changes in technology and user-friendliness resulting in increased market growth.
Throughout the forecast period, internal fixers are expected to dominate:
Internal trauma fixation devices will account for more than half of the market by 2027, driven by strong patient preference for internal fixators due to improved procedural outcomes. Internal fixators also enable faster recovery and shorter hospital stays, influencing market demand.
Internal fixators also reduce the chances of damaged bones not healing properly, increasing the value of the industry. Different players are focusing their efforts on the development of biocompatible devices, generating market revenue.
The impact of COVID-19 on the Global Trauma Fixation Devices Market:
The COVID-19 pandemic has had a huge impact on global economies, with all industries experiencing considerable declines in 2020. The healthcare industry has been badly damaged since the pandemic has put enormous pressure on healthcare establishments. health to contain the transmission of infections.
It has been documented that many treatments and surgeries have been suspended or postponed indefinitely during the pandemic due to the non-essential essence of trauma fixation operations. As a result, during the first few months of the pandemic, the demand for trauma fixation devices was low, stifling industry growth.
The Hospital Trauma Fixation Devices Market will benefit from rapid and cost-effective results:
Hospitals for trauma fixation treatments are expected to expand through 2027, due to an increase in the frequency of sports-related injuries and road accidents.
Also, an increase in multi-specialty hospitals to provide appropriate trauma care, mainly in emerging countries such as India, will boost industry revenue. Similarly, low-cost treatments provided by various government institutions in low-income countries will serve as a catalyst for market expansion.
The existence of key players in the North American market to drive the growth of the market:
Over the years, the trauma fixation device market in North America remained significant. The presence of key market leaders such as Stryker Corporation will have a huge impact on the industry in North America.
Additionally, the increased prevalence of orthopedic diseases such as osteoporosis and rheumatoid arthritis will propel trauma fixation devices. Additionally, as arthritis is the most common cause of disability in the population, the need for trauma fixation devices in North America is increasing.
Market players’ growth strategies focus on expanding their customer base:
To gain a significant revenue share, these market players have resorted to various mergers and acquisitions, collaborations, and new product launches.
- Zimmer Biomet
- Orthofix Medical Inc
- B. Braun Meslungen AG
- stryker
- Medtronic
- Blacksmith and nephew
- Integra LifeSciences
Main topics covered:
1. Introduction
2. Research methodology
3. Executive Summary
4. Market dynamics
4.1 Drivers of growth
4.2 Challenges
5. Global Trauma Fixation Devices Market
6. Market Share – Global Analysis of Trauma Fixation Devices
6.1 By products
6.2 By the end user
6.3 By regions
7. Products – Global Trauma Fixation Devices Market
7.1 External fixators
7.2 Internal fixators
7.3 Others
8. End User – Global Trauma Fixation Devices Market
8.1 Hospitals
8.2 Special Clinics
8.3 Ambulatory surgery centers
8.4 Others
9. Region – Global Trauma Fixation Devices Market
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 South America
9.5 Middle East and Africa
10. Carriers five forces
10.1 Overview
10.2 Bargaining power of buyers
10.3 Bargaining Power of Suppliers
10.4 Degree of competition
10.5 Threat of new entrants
10.6 Threat of Substitutes
11. Business Analysis
11.1 Overview
11.2 Recent Developments
11.3 Recipes
For more information about this report visit https://www.researchandmarkets.com/r/t1mqwu
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