Europe Trauma Devices Market, By Product (Internal Fixators Devices, External Fixators Devices and Others), Surgical Site (Lower Extremities and Upper Extremities), Tissue Type (Hard Tissue and Soft Tissue), Material Type (Non-Absorbable and Bio-Absorbable), Patient Age (Adults and Paediatric), End User (Hospitals, Trauma Centres, Ambulatory Surgical Centres and Other), Distribution Channel (Direct Tender and Retail Sales) – Industry Trends and Forecast to 2030.
Trauma Devices Market Analysis and Size
Injuries are a serious health issue everywhere in the world. There are 16000 injuries-related deaths per day, many of which have long-term effects. The market for trauma devices worldwide is boosted by this circumstance. The availability of more Essential Trauma Care (EsTC) facilities and a range of injury prevention initiatives are encouraging low-cost advancements in facility-based trauma care. The establishment of reasonable and attainable criteria for the treatment of injuries creates the global opportunity for the trauma devices market. The World Health Organization (WHO) offers emergency and trauma care training courses that enhance the number of specialists engaged in the management and fixation of trauma devices.
Data Bridge Market Research analyses that the trauma devices market which is USD 13.66 million in 2022, is expected to reach USD 24.54 million by 2030, at a CAGR of 7.6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Trauma Devices Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Internal Fixators Devices, External Fixators Devices and Others), Surgical Site (Lower Extremities and Upper Extremities), Tissue Type (Hard Tissue and Soft Tissue), Material Type (Non-Absorbable and Bio-Absorbable), Patient Age (Adults and Paediatric), End User (Hospitals, Trauma Centres, Ambulatory Surgical Centres and Other), Distribution Channel (Direct Tender and Retail Sales)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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Market Players Covered
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Shanghai Kinetic Medical Co. Ltd (China), Weigao group (China), MicroPort Scientific Corporation (China), Orthofix US LLC (U.S.), CONMED Corporation (U.S.), Wright Medical Group N.V. (U.S.), NuVasive, Inc (U.S.), Corin Group (U.S.), Enovis (U.S.), OsteoMed (U.S.), Invibio Ltd. (U.S.), gpcmedical (U.S.), Medtronic (Ireland), Smith+Nephew (U.S.), Integra LifeSciences (U.S.), B. Braun SE (Germany), Stryker (U.S.)
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Market Opportunities
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Market Definition
Trauma devices are a clinical practise used in the treatment of trauma. Fractures, dislocations, sprains, strains and burns are instances of trauma exterior injuries. These technologies are particularly helpful in situations involving long bones, such as fractures. The upper and lower extremities parts of the body such as the knee, joint, leg, spine and others are also included in the trauma devices.
Trauma Devices Market Dynamics
Drivers
- Technological advancements
Technology advances are another major driver of the market, with top companies offering a wide range of products to their strong research skills and partnerships with other companies to diversify their product portfolios. For instance, Cardinal Health paid USD 6.1 billion to purchase the patient recovery business from Medtronic in July 2017. The acquisition added 23 new product categories to Cardinal Health's portfolio, including market-leading brands including Kendall, Curity, Kangaroo, Dover and Argyle.
- Increase in the aging population
The market will be driven by factors such an ageing population that is more prone to osteoarthritic fractures, a growth in the prevalence of osteoporosis and technological breakthroughs such as the usage of orthobiologic products and biodegradable materials. The industry will also grow as a result of a rise in traffic accidents, sports-related injuries and lifestyle changes among people.
- Injuries caused by trauma
Trauma can result in tissue injuries as well as bone fractures or breaks. Trauma devices are used to treat these wounds by replacing the injured bodily portion. Injuries from motor vehicle accidents frequently include trauma. An increase in the number of events in emerging nations has propelled the industry.
Opportunities
- Increased government attention on new medication discovery and development
The rapid spread of COVID-19 throughout the world, a rapidly growing patient base, significant changes in demand and supply of healthcare solutions during the COVID-19 outbreak and an increasing demand for advanced point-of-care diagnostics are the main factors propelling market revenue growth. Higher government funding for the COVID-19 vaccine programme, increased government focus on the discovery and development of innovative pharmaceuticals, and increased government focus on improving the healthcare supply chain system all have an impact on market revenue growth.
Restraints/Challenges
- High cost of trauma devices
The market expansion is anticipated to be hampered by the high cost of trauma devices, allergies related to internal fixation devices, the danger of infection, price fluctuations, and a lack of qualified professionals. Furthermore, regulatory agencies take their time to approve the materials used to make trauma devices due to worries about patient compatibility and allergies. The components of these implants should be very inert and biocompatible. As a result, it might be challenging for enterprises to get approval for these devices.
This trauma devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the trauma devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Trauma Devices Market
Global economy has been significantly impacted by the COVID-19 pandemic, with major losses expected across all sectors by 2020. The pandemic's stress on healthcare facilities to stop spread of virus which had a severe negative impact on business. The non-essential character of trauma fixation operations led to the reported suspension or permanent delay of numerous treatments and surgical procedures throughout the epidemic. The industry's expansion was restrained due to the limited demand for trauma fixation devices in the early months of the epidemic. Additionally, the growth of multispecialty hospitals will boost industry earnings by improving trauma care, especially in developing countries such as India. Similar to this, low-cost treatments offered by various government agencies will significantly stimulate the growth of the market in low-income countries.
Recent Developments
- In 2019, A private equity firm with numerous subsidiaries, including bracing and supports, surgical, footcare, healthcare solutions, recovery, and consumer, was acquired by Colfax Corporation. By raising income, this acquisition will enable the business to increase profits.
- In 2019, Titan Spine was acquired by Medtronic. This acquisition resulted in the expansion of Medtronic's titanium spine interbody implant and surface technology portfolios. This helped the business's trauma gadget selection as well.
Europe Trauma Devices Market Scope
The trauma devices market is segmented on the basis of type, surgical site and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Internal Fixators
- Plates and Screws
- Rods and Pins
- Others
- External Fixators
- Uniplanar and Biplanar Fixators
- Circular Fixators
- Hybrid Fixators
Surgical Site
- Upper Extremity
- Hand and Wrist
- Shoulder
- Arm
- Elbow
- Lower Extremity
- Hip and Pelvis
- Lower Leg
- Foot and Ankle
- Knee
- Thigh
End-User
- Hospitals
- Ambulatory Surgical Centers
Trauma Devices Market Regional Analysis/Insights
The trauma devices market is analyzed and market size insights and trends are provided by country, type, surgical site and end-user as referenced above.
The countries covered in the trauma devices market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
Germany is dominating the trauma devices market due to a high number of businesses, R&D skills, and the expanding use of less invasive surgical techniques. With significant assistance from the government, the healthcare infrastructure is also being improved. Despite this, it has been shown that fewer traffic accidents occur in emerging nations. The market will rise, nevertheless, because countries with big populations are more prone to traffic accidents.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The trauma devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for trauma devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the trauma devices market. The data is available for historic period 2011-2021.
Competitive Landscape and Trauma Devices Market Share Analysis
The trauma devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to trauma devices market.
Some of the major players operating in the trauma devices market are:
- Shanghai Kinetic Medical Co. Ltd (China)
- Weigao group (China)
- MicroPort Scientific Corporation (China)
- Orthofix US LLC (U.S.)
- CONMED Corporation (U.S.)
- Wright Medical Group N.V. (U.S.)
- NuVasive, Inc (U.S.)
- Corin Group (U.S.)
- Enovis (U.S.)
- OsteoMed (U.S.)
- Invibio Ltd. (U.S.)
- gpcmedical (U.S.)
- Medtronic (Ireland)
- Smith+Nephew (U.S.)
- Integra LifeSciences (U.S.)
- B. Braun SE (Germany)
- Stryker (U.S.)
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