How Has The Trauma Fixation Devices And Equipment Market Size Evolved In Recent Years?
The trauma fixation devices and equipment market has seen considerable growth due to a variety of factors.
• Over the recent years, the market size for trauma fixation devices and equipment has significantly expanded. The projected rise is from $8.68 billion in 2024 to $9.5 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.5%.
The factors contributing to growth in the historic period are an uptick in accidents, an expansion in healthcare facilities, swift growth in the elderly population, economic development in emerging markets, rapid advancements in technology, and a surge in healthcare spending.
What Can Be Expected from the Trauma Fixation Devices And Equipment Market in the Coming Years?
The trauma fixation devices and equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for trauma fixation devices and equipment is predicted to register robust growth in the upcoming years. An expansion to $13.08 billion by 2029 is projected, growing at a compound annual growth rate (CAGR) of 8.3%.
The growth for this predicted period can be attributed to factors like increasing cases of osteoporosis, escalating sports injuries, growing occupational accidents, and enhanced healthcare facilities all contributing to the market's evolution. Significant trends for this period will be the adoption of artificial intelligence and robotic technology, the innovation of holomedicine, biodegradable implants, and 3D printed implants, as well as strategic business collaborations.
What Factors Are Driving Growth In The Trauma Fixation Devices And Equipment Market?
The growth of the trauma fixation devices and equipment market is primarily fueled by the rising incidents of road mishaps and sports-related injuries. As per the World Health Organization, an estimated 1.35 million individuals lose their lives annually due to road traffic accidents. Furthermore, between 20 to 50 million individuals endure non-fatal injuries leading to disability. The National Safety Council (NSC) states that a majority of injuries (526,000) came from exercising or using exercise equipment. Basketball accounted for 500,000 injuries while 457,000 injury incidents were reported from cycling sports experts. Football players reported 341,000 injuries. The steep increase in road mishaps and sports-related injuries is projected to fuel the growth of the trauma fixation devices and equipment market within the predicted time frame.
How Is the Trauma Fixation Devices And Equipment Market segmented?
The trauma fixation devices and equipment market covered in this report is segmented –
1) By Device Type: Internal Fixation Devices and External Fixation Devices
2) By Product Type: Metal Plates and Screws, Pins/Wires, Nails and Rods, Circular Fixator, Hybrid Fixator and Unilateral Fixator
3) By End-User: Hospitals, Trauma Centers, and Ambulatory Surgical Centers
Subsegments:
1) By Internal Fixation Devices: Plates And Screws, Intramedullary Nails, Rods And Pins, Bone Screws, Compression Plates
2) By External Fixation Devices: External Fixators, Ring Fixators, Hybrid Fixators, Soft Tissue Fixators
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What New Trends Are Influencing the Trauma Fixation Devices And Equipment
Engagement in strategic alliances and collaborations is a current trend seen among companies in the trauma fixation devices market. This is due to a high concentration of vendors in the sector. To sustain their market share in this highly competitive landscape and penetrate new geographical territories, firms are entering into strategic collaborations with other companies and Research Institutes. For example, in June 2023, Invibio, a UK-based biomaterial solutions company, formed a partnership with Paragon, a US-based med-tech firm specializing in the development and production of orthopedic implants and surgical instruments. The objective of this collaboration between Invibio and Paragon Medical is to improve the manufacturing of top-grade PEEK-OPTIMA ultra-reinforced composite fracture fixation devices, assisting in their mass production. This alliance complements Paragon Medical's recent expansion of its production facility in Changzhou, China, and provides Invibio's clients additional access to medical composite production capabilities, aligning with the growing demand for these items.
Who Are the Key Players in the Trauma Fixation Devices And Equipment Market?
Major companies operating in the trauma fixation devices and equipment market include:
• Johnson & Johnson
• Stryker Corporation
• Smith & Nephew plc
• Zimmer Biomet Holdings
• Medtronic Inc.
• Arthrex Inc.
• B. Braun Group
• NuVasive. Inc.
• Integra LifeSciences
• Orthofix Medical Inc
• DePuy Synthes
• Xinrong
• Suzhou Sunan Zimmered
• Double Medical
• Jiangsu Trauhui
• Wright Medical Group
• Cardinal Health
• Arjo
• Medimaps Group
• Greenbone Ortho
• Medartis AG
• MedSilesia
• Terumo Medical Canada
• IlluminOss
• CONMED Corporation
• Baumer S.A.
• Biomecanica Group
• Engimplan
• GMReis
• NEOORTHO
• Trauma Solutions S.A.C.
• Augmedics
• Premia Spine
• ZygoFix
• CarboFix Orthopedic Ltd
• Carevature Medical Ltd
• ARNICA FAM PARAND
• Tibbi Aletler San.Tic.Ltd.Sti.
• Atamed
• EgiFix medical
What Is The Most Dominant Region In The Trauma Fixation Devices And Equipment Market?
North America was the largest region in the trauma fixation devices and equipment market in 2024. Western Europe was the second largest region in the trauma fixation devices and equipment market report. The regions covered in the trauma fixation devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
