In 2022, Hospitals hold the Largest Market Share Because of the Growing Number of Patients Undergoing Treatments in the Hospitals

A bone fracture is when a bone breaks completely or cracks partially. Fractures occur when a force is applied to a bone that is too great for it to resist. In 2019, there were 22962 incident cases (20911–25295) per 100 000 population (a decrease of 96% [811–111] since 1990), 56143 prevalent cases (52861–59775) per 100 000 population (a decrease of 67% [577–76] since 1990), and 3190 YLDs (2201–4425) per 100 000 population (a decrease of 84% [72–95] since 1990).

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Global trauma fixation market is expected to reach USD 20,528.35 million by 2029 from USD 9,662.50 million in 2021, with a CAGR of 10.3% in the forecast period of 2022 to 2029. Increasing demand for advanced medical technologies for diagnostic and treatment purposes and the growing incidence rate of fractures are some of the drivers boosting the growth of the market. With the increasing number of road accidents, increasing awareness about the availability of treatment options in the developing economies and rising personal disposable income are some other important market growth determinants.

Rise in the geriatric population base globally is expected to drive the market's growth rate

Geriatric population is the most susceptible to developing chronic diseases and disorders. Therefore, rising geriatric populace all around the world is extremely vulnerable to bone fractures. This in turn will act as an important market growth determinant. Increased expenditure by public and private players on the development of healthcare infrastructure will also promote the market growth rate. Continuous research and development pertaining to the deployment of advanced healthcare technologies will yet again widen the scope of growth.

Report Scope and Market Segmentation

Segment Analysis:

Global trauma fixation market is categorized into five segments which are based on the basis of product type, material type, application type, end user and distribution channel.

• On the basis of product, the global trauma fixation market is segmented into internal fixator devices, external fixator devices. In 2022, internal fixator is expected to dominate the global trauma fixation market with 65.4% market share as a result of a high incidence of trauma injuries occurring due to road accidents, falls, occupational hazards and other circumstance leading to increasing number of trauma cases.
• On the basis of material, the global trauma fixation market is segmented into metallic implant, carbon fiber, hybrid implants, bio absorbable, grafts and orthobiologis. In 2022, Metallic Implant (Steel, Titanium, Other) segment is expected to dominate the global trauma fixation market with 35.2% market share because of their high strength, high fracture toughness, hardness, corrosion resistance and biocompatibility.
• On the basis of application, the global trauma fixation market is segmented into shoulder and elbow, hand and wrist, pelvic, hip and femur, tibia, Craniomaxillofacial, knee, foot and ankle, spinal and others. In 2022, Shoulder and Elbow segment is expected to dominate the global trauma fixation market with 40.0% market share because of increasing bone fractures in upper body in geriatric and adult population.
• On the basis of end user, the global trauma fixation market is segmented into hospitals, ambulatory surgical centers, orthopedic centers and others. In 2022, hospitals segment is expected to dominate the global trauma fixation market with 48.8% market share because of the growing number of patients undergoing treatments in the hospitals plus support from the government to supply well equipped infrastructural developments and instruments developments in hospitals.

Hospitals is expected to dominate the end user segment in the global trauma fixation market

Rising number of hospitals and clinics all especially in the developing economies has emerged as a major factor responsible for bolstering the growth of this segment. The hospitals segment is projected to hold more than 48% of the total end user segment share. This is because of the rising awareness about the availability of treatment options and increasing incidence rate of fractures globally.

On the basis of distribution channel, the global trauma fixation market is segmented into direct tender and retail sales and online sales. In 2022, direct tender segment is expected to dominate the global trauma fixation market with 82.0% market share as the primary source of procurement in hospitals. With the increasing cost of healthcare, hospitals are focusing on better services for customers along with reducing the overall cost. Procurement of trauma devices through direct tender is highly cost effective for healthcare providers as they are bought in bulk under terms of contract for service.

Direct tender segment is expected to dominate the end user segment in the global trauma fixation market

The direct tender segment, in 2022, is expected to flourish its dominance owing to the growth in the number of distribution channels in combination with surging number of medical retailers and wholesalers. Also, rising demand for procurement, storage and warehousing will further widen the scope of growth for this segment.

Major Players

Data Bridge Market Research recognizes the following companies as the major trauma fixation market players in advanced wound care market are Medical Device Business Services, Inc. (U.S.), Stryker (U.S.), Zimmer Biomet (U.S.), Smith & Nephew (U.K.), Bioretec (Finland), CONMED Corporation. (U.S.), B. Braun Melsungen AG (Germany), Wright Medical Group N.V. (U.S.), Medtronic (Ireland), Arthrex, Inc. (U.S.) and Globus Medical (U.S.).

Market Development – 

• DePuy Synthes (Johnson & Johnson) launched the 'FIBULINK Syndesmosis Repair System' in the United States in October 2020. The gadget is intended to treat traumatic syndesmosis injuries. Following a catastrophic injury, the FIBULINK System is designed to allow accurate, anatomic syndesmotic fixation to assist restore the physiologic motion of the ankle. 1-3 DePuy Synthes purchased the technology from Akros Medical Inc.
• Orthofix's 'JuniOrtho plating system' obtained FDA and CE Mark clearance from the US Food and Drug Administration in July 2020. This device is designed for advanced deformity and trauma reconstruction of the lower extremities in paediatric patients. The JuniOrtho® Plating System has gained FDA 510(k) clearance and European CE Mark approval from Orthofix Medical Inc., a multinational medical device firm specialising in musculoskeletal healing solutions. This unique fixation system was created exclusively for paediatric patients to meet the needs of advanced deformity and trauma reconstruction of the lower extremities.

Regional Analysis

Geographically, the countries covered in the trauma fixation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in telehealth market during the forecast period 2022 - 2029

North America is dominating the global trauma fixation market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. Major industry giants such as Stryker Corporation and Johnson & Johnson will substantially impact the North American market. Furthermore, the increased prevalence of orthopaedic illnesses such as osteoporosis and rheumatoid arthritis will propel trauma fixation devices forward. Because arthritis is the most common cause of disability in the population, the demand for trauma fixation devices in North America is increasing.   

Asia-Pacific is estimated to be the fastest-growing region in telehealth market the forecast period 2022 - 2029

Asia-Pacific is expected to grow during the forecast period due to the increasing patient population and rapid development of infrastructural facilities in emerging economies in this region. In addition to this, rising private and public expenditure on the development of healthcare industry infrastructure in the developing and backward economies and increasing per-capita income are expected to propel the market's growth rate in this region. Also, the increasing geriatric population base, surging incidence rate of factors, and rising medical tourism are important market growth determinants.

COVID-19 Impact Analysis

The COVID-19 pandemic has substantially impacted world economies, with all industries experiencing considerable declines in 2020. The healthcare industry was one of the most badly damaged, since the pandemic put enormous strain on healthcare institutions to contain infection transmission. Many treatments and surgical procedures were documented to be suspended or postponed indefinitely during the pandemic due to the non-essential nature of trauma fixation operations. As a result, during the early months of the pandemic, demand for trauma fixation devices was low, limiting the industry's expansion.

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