Global Orthopedic Trauma Devices Market, By Product Type (Internal Fixators, External Fixators), Material (Non-Absorbable, Bio- Absorbable, Metallic Fixators), End- Users (Hospitals, Orthopedic And Trauma Centers, Ambulatory Surgical Centers), Application (Hip Orthopedic, Joint Reconstruction, Knee Orthopedic, Spine Orthopedic, Trauma Fixation, Craniomaxillofacial Orthopedic, Dental Orthopedic, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Orthopedic Trauma Devices Market
Data Bridge Market Research analyses that the orthopedic trauma devices market will exhibit a CAGR of around 5.82% for the forecast period of 2022-2029. Rising prevalence of orthopaedic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced IT healthcare technologies, rising geriatric population base around the globe and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of orthopedic trauma devices market.
From the name itself, it is clear that orthopedic trauma devices are the medical devices that are used to treat orthopedic trauma disorders. Orthopedic trauma generally affects the joint, ligaments, tendons and muscles.
Upsurge in the rate of osteoarthritis is one of the major factors fostering the growth of the market. Rising number of applications from the emerging countries is another market growth determinant. Ever- rising technological advancement and innovation of new instruments, surging awareness about the benefits of minimally invasive surgical procedures, rising launch of new innovative products, surging cases of road accidents and fractures and untapped potential of the emerging markets will further generate lucrative market growth opportunities.
However, lack of awareness in the underdeveloped economies will derail the market growth rate. Also, dearth of skilled medical professionals, high costs associated with the surgical implantations and dearth of a favourable reimbursement scenario in the developing and underdeveloped economies will further pose challenges for the market. Further, rising number of product recalls and post-surgical complications will also hamper the market growth rate.
This orthopedic 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 localised 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 orthopedic 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.
Global Orthopedic Trauma Devices Market Scope and Market Size
The orthopedic trauma devices market is segmented on the basis of product type, material, end- users and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the orthopedic trauma devices market is segmented into internal fixator and external fixator. The internal fixator segment is divided into screw, plates, intramedullary nails, and other. The external fixator segment is divided into unilateral fixators, circular fixators and hybrid fixators.
- Orthopedic trauma devices market on the basis of material is segmented into metallic fixators, non- absorbable and bio- absorbable. Non- absorbable segment is divided into titanium, stainless steel and other.
- Orthopedic trauma devices market on the basis of end- users is divided into hospitals, orthopedic and trauma centers and ambulatory surgical centers.
- The orthopedic trauma devices market is also segmented on the basis of application. The application segment of the market is divided into hip orthopedic, joint reconstruction, knee orthopedic, spine orthopedic, trauma fixation, craniomaxillofacial orthopedic, dental orthopedic and others.
Orthopedic Trauma Devices Market Country Level Analysis
The orthopedic trauma devices market is segmented on the basis of product type, material, end- users and application.
The countries covered in the orthopedic trauma devices 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.
North America dominates the orthopedic trauma devices market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increase in the expenditure for research and development proficiencies, presence of key players in the region and rising prevalence of sports injuries. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the increasing government expenditure on healthcare sector, ever-rising geriatric population base and rising personal disposable income.
The country section of the orthopedic trauma devices market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 orthopedic 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 orthopedic trauma devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopedic trauma devices market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Orthopedic Trauma Devices Market Share Analysis
The orthopedic 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 orthopedic trauma devices market.
Some of the major players operating in the orthopedic trauma devices market report are Medical Devices Business Services, Inc., Stryker, Zimmer Biomet, Smith & Nephew plc, B. Braun Melsungen AG, CONMED Corporation, Orthofix Holdings, Inc., Integra LifeSciences Corporation, Citieffe s.r.l., Acumed LLC, Wright Medical Group N.V., Invibio Ltd, Biotek., Auxein Medical, Medtronic, NuVasive, Inc, 3M, ALCARE Co., Ltd., Bauerfeind USA Inc., Essity Aktiebolag (publ)., Bird & Cronin and Breg, Inc., among others.
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