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Trauma and extremities devices include various simple and complex devices, growing at a considerable pace. According to World Health Organization (WHO), injury accounts for 16% of disease burden globally. Psychological trauma arises from several events including workplace injury, accidents, sports injury, harassment, robbery, and emotionally intrusive thoughts.

Factors such as increase in number of accidents, rise in number of sports related injury, change in lifestyle, and growth in number of geriatric population are projected to fuel the trauma and extremities market. According to WHO, 16,000 people die from injuries every day. Technological advancement and government reimbursement policies are other factors driving the trauma and extremities market globally. The WHO plays an important role to meet these challenges, which include promotion of low-cost improvements in injury care; improvement and standardization of injury surveillance systems; and promotion of injury control policy initiatives for violence, traffic, and other major sources of injury such as sports injury. However, restraints such as stringent regulation for product approval, allergy associated with the utilization of external and internal trauma fixation devices, and chances of infection are expected to hinder the trauma and extremities market globally.

The trauma and extremities market has been segmented by product type, injury type, end-user, and geography. In terms of product type, the trauma and extremities market is classified into external fixation device and internal fixation device. External fixation device includes Schanz pin, connecting rod, and clamp. External fixation devices are used for temporary injuries and can be adjusted according to personal requirement. Internal fixation device includes intramedullary nails, conventional hip screws, hip screws, cables, wires, cannulated screws, and pins & plates. The internal fixation devices segment is estimated to grow at a faster rate owing to low product price, better patient outcomes, and increased ability to visualize fracture during surgery in comparison to the external fixation devices. In terms of injury type, the trauma and extremities market is classified into upper extremities, lower extremities, hip fracture and pelvic, shoulder, and foot and ankle. In terms of end-user, the trauma and extremities market is segmented into hospitals, ambulatory surgery centers, specialty clinics, and orthopedic centers.

Geographically, the trauma and extremities market is classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

North America dominates the trauma and extremities market due to increase in population aging and technological advancement. The North America market is followed by Europe and Asia Pacific. Europe is a significant market for trauma and extremities due to increase in research and development activities and growth in health care awareness among people. Asia Pacific is expected to grow at a higher rate owing to growth in number of population, rise in health care expenditure, and increase in per capita expenditure. These factors are anticipated to fuel the trauma and extremities market. Developing countries such as Brazil, South Africa, and Mexico are projected to create good opportunity for market growth of trauma and extremities devices due to higher accident cases, favorable demographics, and improvement in access to health care. The burden of disability and death from injury is especially notable in low- and middle-income countries. Till date, developing countries account for approximately 90% of injury burden globally.

Major players operating in this market include Stryker, DePuy Synthes, Smith & Nephew, Wright Medical Technology, Inc., Zimmer Biomet, Integra LifeSciences Corporation, Acumed, Bioretec Ltd., Advanced Orthopedic Solutions, and Cardinal Health.

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.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

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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Trauma Extremities Market

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