Globally, the orthopedic trauma fixation devices market is witnessing significant growth due to increasing incidence of fractures and lack of substitutes. As a result, this market is expected to grow at a CAGR of about 7.2% during 2014 – 2020.
Some of the key driving factors for the orthopedic trauma fixation devices market are increase in the elderly population, growing healthcare costs, and rising prevention measures for various orthopedic-related problems. Increasing participation in sports and rising number of road accidents are the leading causes for trauma fracture cases. Growing demand for better facilities in orthopedic trauma surgeries, and increasing investments by governments and multinational companies has enabled the growth of the orthopedic trauma fixation devices market. However, the market faces some restraints such as high cost of surgery, lack of awareness, double surgeries, and absence of health insurances in developing countries.
North America, including the U.S. has the largest orthopedic trauma fixation devices market. Asia is the fastest growing orthopedic trauma fixation devices market. Some of the fastest growing markets for orthopedic trauma fixation devices are China, Japan, other countries in South East Asia and the Eastern Mediterranean.
On the basis of the type of fixator, internal fixators have the largest market share in the orthopedic trauma fixation devices market and are expected to grow at a CAGR of about 6.8% during 2014 – 2020. Plate and screw systems are most widely used internal fixators and the market for the same is expected to grow at a CAGR of about 7.1% during 2014 – 2020. Various orthopedic trauma fixation devices companies are increasing their focus on manufacturing of internal fixators with bioabsorbable material. Market for bioabsorbable fixators is expected to grow at a CAGR of about 8.4% during 2014 – 2020.
DePuy Synthes, a Johnson & Johnson company, is a leading player in the global market for orthopedic trauma fixation, with a share of about 47.3% in 2013. Other major players of orthopedic trauma fixation devices market include Stryker Corporation, Smith & Nephew, Zimmer Holding Inc. and Orthofix Holding Inc.
The global market for orthopedic trauma fixation devices is experiencing substantial growth owing to the rising frequency of fractures and shortage of substitutes. Expanding demand for improved facilities in orthopedic trauma surgeries and rising investments by multinational companies and governments have supported the growth of the market for orthopedic trauma fixation devices.
The report presents comprehensive and estimable information on the global orthopedic trauma fixation devices market. Historic activity of the global market for orthopedic trauma fixation devices and forthcoming growth prognosis in the form of statistics has been deployed to help market stakeholders in making profitable decisions.
A thorough qualitative review of the aspects responsible for propelling or constraining the growth of the market and impending market opportunities has been administered. It utilizes current state analysis tools such as Porter’s five forces and SWOT analyses to evaluate the market information. The report also incorporates a detailed analysis of the industry patterns and organization profiles for orthopedic trauma fixation devices market.
Overview of the Orthopedic Trauma Fixation Devices Market
Severe injuries induced to the musculoskeletal system of the body are known as orthopedic traumas. These injuries are serious and need immediate attention by an orthopedic trauma specialist or an orthopedic surgeon. As per statistics from the WHO, traffic accidents worldwide bring about nearly 1.24 million deaths a year.
In terms of types, segmentation of orthopedic trauma fixation devices comprises external fixators and internal fixators. The latter category has the biggest market share in the market for orthopedic trauma fixation devices and is predicted to expand at a CAGR of 6.8% from 2014 to 2020. There are primarily three types of internal fixators, namely intramedullary nails, intramedullary screws, and plate and screw systems. Numerous orthopedic trauma fixation device companies are increasing their focus on the internal fixators manufacture with bio- absorbable materials. The market for bio-absorbable fixators is anticipated to expand at an 8.4% CAGR between 2014 and 2020.
Geographical analysis elaborates the market trends based on the four key geographical segments of the global market: North America, Europe, Asia, and Rest of the World (RoW). North America, inclusive of the U.S., has the biggest market for orthopedic trauma fixation devices. Asia is the most swiftly developing orthopedic trauma fixation devices market. A few of the most rapidly growing markets for orthopedic trauma fixation devices are Japan, China and several other countries in the Eastern Mediterranean and Southeast Asia.
Some of the major driving factors for the market for orthopedic trauma fixation devices are rising healthcare costs, rise in elderly population, and increase in prevention measures for numerous orthopedic problems. Increased sports participation and increasing number of road accidents are the major causes for trauma fracture cases. However, there are a few factors restraining the growth of the market, such as rising cost of surgery, dearth of awareness, and lack of health insurance in emerging countries.
Key players in the Orthopedic Trauma Fixation Devices Market
The report profiles the key players in the global orthopedic trauma fixation devices market, namely, DePuy Synthes, Smith & Nephew, Orthofix Holding Inc., Stryker Corporation, and Zimmer Holding Inc.
Key segments of the Orthopedic Trauma Fixation Devices Market
- Market Segmentation by Type of Fixator
- Internal Fixator
- External Fixator
Market Segmentation by Type of Internal Fixator
- Intramedullary Nail
- Intramedullary Screw
- Plate and Screw System
Market Segmentation by Composition
- Metallic Fixators
- Bioabsorbable Fixators
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments