Global Trauma Products Market, By Type (Internal Fixators, External Fixators, Others), Surgical Site (Lower Extremities, Upper Extremities), End User (Hospitals and Trauma Centers, Ambulatory Surgery Centers), End User (Hospitals, Trauma Centres, Ambulatory Surgical Centres and Other), Distribution Channel (Direct Tender and Retail Sales) – Industry Trends and Forecast to 2030.
Trauma Products Market Analysis and Size
As trauma products have recurrently demonstrated their high rates of usefulness for treating dislocations, sprains, fractures, and strains, their market value is increasing. Numerous research studies are currently on-going, which are projected to provide manufacturers with a competitive advantage in emerging new and innovative trauma products, along with a variety of other opportunities in the trauma products market.
Data Bridge Market Research analyses that the trauma products market which was USD 5.91 billion in 2022, would rocket up to USD 11.4 billion by 2030, and is expected to undergo a CAGR of 8.60% 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 Products Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015 - 2020)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Internal Fixators, External Fixators, Others), Surgical Site (Lower Extremities, Upper Extremities), End User (Hospitals and Trauma Centers, Ambulatory Surgery Centers), End User (Hospitals, Trauma Centres, Ambulatory Surgical Centres and Other), Distribution Channel (Direct Tender and Retail Sales)
|
|
Countries Covered
|
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
|
|
Market Players Covered
|
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.com (U.S.), Medtronic (Ireland), Integra LifeSciences (U.S.), B. Braun SE (Germany), Stryker (U.S.), Zimmer Biomet (U.S.), Smith+Nephew (U.K.), Advanced Orthopaedic Solutions (India), Acumed LLC (U.S.), Electramed Ltd (Ireland), Implantate AG (Germany), Bioretec Ltd.(Finland), citieffe s.r.l. (U.S.)
|
|
Market Opportunities
|
|
Market Definition
Trauma products are mainly used in hospitals, trauma centers, and ambulatory surgery centers. Fractures, sprains and strains, dislocations, and burns are all instances of traumatic injuries caused by an external source. These instruments are mainly useful in cases which involves lengthy bones, such as fractures. The trauma products also cover the upper and lower extremities, including the joint, leg, spine, knee, and others.
Trauma Products Dynamics
Drivers
- Huge rise in degenerative diseases across the globe
As per the United Nations Population Fund, people aged 60 years and above resulted for 12.3% of the global population, in 2015, and it is projected to reach almost 22%, by 2050. According to the reports of the U.S. Census Bureau, world population of people aged 65 years and above was 617 million in 2015 and is anticipated to rise to 1,566 million, by 2050. These set of aged population is suffering from degenerative diseases such as osteoporosis, Paget’s disease that require the wide use of trauma products.
- Increasing injuries caused by trauma
Trauma include bone fractures or bone breakage and tissue injuries. These injuries are modified using trauma products, which serve as a spare for the damaged part of the body. Motor vehicle accidents result in a huge amount of trauma injuries. The market has been boosted by growth in the frequency of incidents in developing countries.
Opportunities
- Increasing Popularity of Biological Materials
The wide use of regenerative medicine plays a major role in case of traumatic injuries as it includes the use of orthobiologics or biological materials. These are very helpful in fast healing of the body and also fasten the process from substances that are already in the body. Thus, this set of medicine is greatly helpful in enhancing the trauma products market.
Restraints/Challenges
- Metal Sensitivity With Trauma Implants in Patients
Trauma care products are majorly made up of metals or metal alloys such as nickel, chromium, cobalt or titanium. These can lead to severe allergies and further lead to diseases such as eczema, dermatitis, and vasculitis. This sensitivity also lead to osteolysis pain and infections thus, hampering the market growth.
This trauma product 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 product 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 Global Trauma Products Market
The COVID-19 pandemic has significantly influenced economies worldwide, with all industries seeing major decline by 2020. Many treatments and surgical procedures were documented to be stopped or postponed permanently throughout the pandemic due to the non-essential nature of trauma fixation operations. Thus, demand for trauma fixation devices was very low in the early months of the epidemic, limiting the industry's expansion. In addition, expanding multispecialty hospitals to provide proper trauma care, predominantly in developing countries such as India, will increase industry income. Likewise, in low-income countries, the low-cost therapies provided by numerous government organizations will act as a substantial market expansion stimulus.
Recent Developments
- In 2020, Acumed signed an agreement with Vivorte. This agreement aided Acumed to distribute Vivorte’s products such as calcium phosphate-based bone allograft (Trabexus) and calcium phosphate-based biocement (Fortera).
Global Trauma Products Market Scope
The trauma products 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 Products Regional Analysis/Insights
The trauma products market is analyzed and market size insights and trends are provided by type, surgical site and end-user as referenced above.
The countries covered in the trauma products 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 trauma products market because of the increasing number of trauma cases and incidence of trauma procedures along with several supportive government policies.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of increasing number of geriatric population and rise in disposable income.
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 products 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 products market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the trauma products market. The data is available for historic period 2011-2021.
Competitive Landscape and Global Trauma Products Share Analysis
The trauma products 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 products market.
Some of the major players operating in the trauma products market are:
- 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.com (U.S.)
- Medtronic (Ireland)
- Integra LifeSciences (U.S.)
- B. Braun SE (Germany)
- Stryker (U.S.)
- Zimmer Biomet (U.S.)
- Smith+Nephew (U.K.)
- Advanced Orthopaedic Solutions (India)
- Acumed LLC (U.S.)
- Electramed Ltd (Ireland)
- Implantate AG (Germany
- Bioretec Ltd.(Finland)
- citieffe s.r.l. (U.S.)
SKU-