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Trauma Fixation Devices Market - Growth, Trends, And Forecasts (2020 - 2025)

Published on: Jun 2020 | From USD $4250 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 115

The trauma fixation devices market is expected to witness steady growth, and this is expected to be primarily driven by increasing demand for trauma fixation devices in hospital departments, as well as outpatient surgery.

According to the World Health Organization, 2020, more than 1.35 million people die every year as a result of road traffic crashes and accidents. Road traffic injuries are the leading cause of death among people aged between 15 and 29 years. Every year the lives of more than 1.35 million people are cut short as a result of a road traffic crash. Between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury. Hence, these above-stated statistics shows that the increasing number of road injuries and accidents is affecting the global population, which is ultimately increasing the demand for trauma fixation devices in healthcare facilities. The demand for trauma fixation devices is growing due to the advantages of advanced products such as bioresorbable implants, drug-eluting implants, and nano-coated devices.

The other driving factors also include growth in geriatric population, high prevalence of bone degenerative diseases, and increasing cases of sports injuries worldwide.

Key Market Trends

Internal Fixators segment is Expected to Hold a Major Share in the Trauma Fixation Devices

By type, the trauma fixation devices market is segmented into Internal Fixators and External Fixators. The internal fixator segment of the market will witness significant growth in the forecast years and is expected to have a positive contribution to market growth, as it has certain benefits such as shorter hospital stay and early functionality for patients. These devices provide immobilization at the fracture site and allow the primary bone healing process by callus formation. The increasing cases of accidents and the aging population is expected to boost the growth of the market during the forecast period.

North America is expected to Dominate the Market, Over the Forecast Period

Based on the geographic region, the market is segmented into North America, Europe, Asia Pacific, Middle-East & Africa, and South America. North America is expected to witness a surge in the future due to the increasing number of geriatric patients suffering from osteoporosis and other bone diseases, increasing incidents of burn cases. According to JAMA (The Journal of the American Medical Association), By 2020, approximately 12.3 million individuals in the United States older than 50 years are expected to have osteoporosis, which is expected to drive the market growth, over the forecast period.

Competitive Landscape

The Major Players in the Trauma Fixation Devices Market includes - Medtronic PLC, Cardinal Health Inc., Stryker Corporation, Smith & Nephew, Johnson & Johnson, Zimmer Biomet, Integra Lifesciences Holdings Corporation, Conmed Corporation, B. Braun Melsungen AG and Arthrex, Inc., among others.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Bone Degenerative Diseases
4.2.2 Increasing Number of Road Accidents
4.2.3 Technological Advancements in Medical Devices
4.3 Market Restraints
4.3.1 Lack of Trained Professionals
4.3.2 Stringent Regulatory Issues
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Internal Fixators
5.1.1.1 Plates
5.1.1.2 Screws
5.1.1.3 Nails
5.1.1.4 Others
5.1.2 External Fixators
5.1.2.1 Unilateral & Bilateral External Fixators
5.1.2.2 Circular Fixators
5.1.2.3 Hybrid Fixators
5.2 By Surgical Site
5.2.1 Lower Extremities
5.2.1.1 Hip & Pelvic
5.2.1.2 Foot & Ankle
5.2.1.3 Knee
5.2.1.4 Others
5.2.2 Upper Extremities
5.2.2.1 Hand & Wrist
5.2.2.2 Shoulder
5.2.2.3 Spine
5.2.2.4 Others
5.3 By End-user
5.3.1 Hospitals
5.3.2 Ambulatory Surgery Centers
5.3.3 Other End-Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Arthrex, Inc.
6.1.2 Braun Melsungen AG
6.1.3 Cardinal Health Inc.
6.1.4 Conmed Corporation
6.1.5 Johnson & Johnson
6.1.6 Integra LifeSciences Corporation
6.1.7 Medtronic PLC
6.1.8 Smith & Nephew plc
6.1.9 Stryker Corporation
6.1.10 Zimmer Biomet

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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