Bones require stabilization for healing. Internal fixation devices are helpful in fixing fractured bones. These devices maintain the bone’s shape and bear load while the bone repairs. Internal fixation is a surgical procedure which involve implantation of mechanical devices such as metal plates, pins, rods, wires, or screws to stabilize and join the ends of fractured (broken) bones. According to the Centers for Disease Control and Prevention (CDC), trauma is an injury or wound to a living body caused by the application of external force or violence. Any sort of physical injury such as fracture, sprain, dislocation, and strain is classified as trauma. Trauma fixation devices are of two primary types: external trauma fixation devices and internal trauma fixation devices. Internal trauma fixation devices help primary bone healing i.e., callus formation.

Rise in geriatric population has increased the need of internal trauma fixation devices, as aging people are more prone to fractures and dislocation due to higher risk of osteoporosis. According to the World Health Organization (WHO), the global geriatric population was around 524 million in 2010 and is expected to increase to 2,000 million by 2050. Availability of substitutes is another factor contributing to the growth of the global internal trauma fixation devices market. Rise in sports injuries and increase in the number of road accidents also propel the global internal trauma fixation devices market. Growth of internal trauma fixation devices can be hampered by allergic reaction and infection caused by these devices. Usage of polymeric material is a recent trend in the global internal trauma fixation devices market. Carbon fiber (CF) reinforced PEEK polymer is used for fabrication of bone fixation components such as bone plates and screws. Carbon fiber (CF) reinforced PEEK polymer are easy to remove when compared to metal plate due to less callus growth onto the implanted device. Therefore, CF reinforced PEEK polymer results in reduced surgical time as well as cost.

The global internal trauma fixation devices market can be segmented based on product, material, end-user, and region. In terms of product, the global internal trauma fixation devices market can be bifurcated into closure device and bone cement. The closure devices segment can be classified into intramedullary nails, cannulated screws, hip screws, wires, cables, conventional hip screws, pins, and plates. The closure devices segment dominated the global internal fixation devices market in 2017, as these devices are easy to fix and less prone to infection. Based on material, the global internal trauma fixation devices market can be categorized into stainless steel, nitinol, titanium, tritium, and polyether ether ketone (PEEK). The stainless steel segment accounted for the largest share of the global market in 2017, as the metal offers advantages such as corrosion resistance. Moreover, it is a more cost-effective material. The polyether ether ketone (PEEK) segment is projected to grow at a rapid pace during the forecast period, as CF PEEK bone plates offer improved fatigue strength compared to metal/stainless steel-based plates. Furthermore, CF PEEK bone plates provide complete radiolucency and allow for the clearest and unobstructed post-operative visualization during imaging to surgeons to evaluate healing. CF PEEK polymer has improved bone healing, as it provides similar stiffness to bone. In terms of end-user, the global internal trauma fixation devices market can be classified into hospitals, orthopedic surgical centers, and others.

Geographically, the global internal trauma fixation devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was the leading market for internal fixation devices in 2017 due to large patient population and high disposable income of the people. Europe was the second largest market in terms of market share in 2017 because of better reimbursement policies. The internal trauma fixation devices market in Asia Pacific is expected to be driven by increase in health care infrastructure.

Key players operating in the global internal trauma fixation devices market include Stryker, DePuy Synthes, Zimmer Biomet, Smith & Nephew plc, Wright Medical Group, Medartis Holding AG, B. Braun Melsungen AG, and Globus Medical, Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Internal Trauma Fixation Devices Market

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