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The global trauma fixation devices market is expected to witness strong growth during the forecast period between 2021 and 2031.
Trauma fixation devices are pieces of equipment that have proven beneficial to curing patients, who have suffered trauma owing to exposure to difficult events such as accidents and deaths.
Some of the devices that have gained popularity in recent times include bidisposable implants, and nano-coated devices.
The outbreak of the coronavirus pandemic negatively impacted the growth of the global trauma fixation devices market. With cases rising globally, the focus of key resources such as doctors and nurses in healthcare infrastructure facilities worldwide was on curing patients, suffering from the virus.
As a result, the attention to patients suffering from trauma subsided significantly, leading to reduced demand for trauma fixation devices.
However, it is anticipated that during the post-pandemic phase, the demand for these products will witness an increase and positively impact market growth.
Rising prevalence of different degenerative diseases in leading economies globally is the key growth driver for the global trauma fixation devices market.
In addition to this, growing geriatric population worldwide is expected to help increase the demand for trauma fixation devices demand, in the upcoming years.
Rising cases of road accidents globally could lead to trauma among different population sections and propel the demand for trauma fixation devices and bolster the overall market.
Advancements to existing trauma fixation devices could also help fuel product demand, in the upcoming years.
Hospitals end-use segment is anticipated to contribute the most to the overall trauma fixation devices market in future owing to increasing trauma fixation devices demand for those who suffered road accidents.
Trauma fixation products made from stainless steel are anticipated to make the largest contribution to the overall market because of features such as high corrosion resistance to environments, rich in oxygen.
The global trauma fixation devices market is extremely competitive, and comprises several well-established players. Many of them are expected to hold a large share in the overall market, in the upcoming years.
Research and development undertakings to produce improved quality of products could be a key growth strategy for leading market players, in the upcoming years.
Growth strategies such as novel product launches could help prominent market players gain a competitive edge over others, in future.
In 2020, DePuy Synthes, which part of the Johnson & Johnson group, introduced a new product called ‘FIBULINK Syndesmosis Repair System’ in the US, which has proven beneficial to treat patients suffering from syndesmosis.
Collaborations with the lesser-known players could help well-established market players expand their market presence and increase their revenue shares.
A few leading players in the global market include DePuy Synthes, Acumed LLC, Smith & Nephew, Zimmer Biomet Holdings Inc., and Stryker Corporation.
North America is expected to be the leader in the global trauma fixation devices market due to the presence of several well-established market players in countries such as US and Canada, contributing hugely to the growth of the market in the region.
Europe is anticipated to witness substantial growth in the trauma fixation devices market in future owing to rising cases of different orthopaedic diseases among the population residing in countries such as Italy and Germany.
Asia Pacific is expected to witness moderate growth in the global market in the years ahead because of developing healthcare infrastructure in countries such as India.
Other regions of the world such as Middle East and Africa and Latin America are expected to witness slow growth in the overall market, in the coming years.
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Trauma Fixation Devices Market
