Middle East and Africa 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.
Middle East and Africa Trauma Devices Market Analysis and Size
As trauma devices have repeatedly demonstrated their high rates of effectiveness for treating fractures, dislocations, sprains, and strains, their market value is rising. Various research studies are currently underway, which are expected to provide manufacturers with a competitive advantage in developing new and innovative trauma devices and a variety of other opportunities in the trauma devices market.
Data Bridge Market Research analyses that the trauma devices market which was USD 13.66 billion in 2022, would rocket up to USD 26.24 billion by 2030, and is expected to undergo a CAGR of 8.50% during the forecast period 2022 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 Billion, 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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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)
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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.com (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 procedure used in trauma care. Traumatic injuries caused by an external source include fractures, dislocations, sprains and strains, and burns. These tools are especially useful in cases involving long bones, such as fractures. The trauma devices also include upper and lower extremity components such as the knee, joint, leg, spine, and others.
Trauma Devices Market Dynamics
Drivers
- Dramatic rise in geriatric population across the globe
The primary driver is the increase in traffic accidents. The number of serious fractures among the elderly brought on by accidents and falls is expected to increase, requiring the usage of fracture fixators which will propel the market growth.
- Increase in the aging population
An ageing population that is more susceptible to osteoarthritic fractures, an increase in the prevalence of osteoporosis, and technological advancements like the use of orthobiologic products and biodegradable materials will all drive the market. Additionally, the sector will advance due to an increase in the incidence of traffic accidents, sports-related injuries, and people's changing lifestyles..
- Injuries caused by trauma
Trauma includes bone fractures or breakage as well as tissue injuries. These injuries are treated with trauma devices, which replace the damaged body part. Motor vehicle accidents cause a large number of trauma injuries. The market has been driven by an increase in the frequency of incidents in emerging countries.
Opportunities
- Increased government attention on new medication discovery and development
The factors that are most important for driving market revenue growth are the rapid spread of COVID-19 throughout the world, a rapidly expanding patient pool, significant alterations in the demand for and supply of healthcare solutions during the COVID-19 outbreak, rising telehealth and telemedicine trends, and a growing requirement for advanced point-of-care diagnostics. Increased government funding for COVID-19 vaccine development, increased government focus on new medication discovery and development, and increased government focus on improving the healthcare supply chain system all contribute to revenue growth in the market.
Restraints/Challenges
- High cost of trauma devices
The high cost of trauma devices, allergies associated with internal fixation devices, and the risk of infection, as well as price fluctuations and a scarcity of experienced experts, are expected to hamper the market expansion. Furthermore, due to patient compatibility and allergy concerns, government authorities do not quickly approve the materials used to manufacture trauma devices. These implants' materials are expected to be biocompatible and highly inert. As a result, obtaining approval for these devices is difficult for businesses.
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
The COVID-19 pandemic has had a significant impact on global economies, with all industries experiencing significant declines by 2020. The business has suffered significantly as a result of the pandemic's strain on healthcare institutions to contain illness transmission. Many treatments and surgical procedures were documented to be halted or postponed permanently throughout the pandemic due to the non-essential nature of trauma fixation operations. As a result, demand for trauma fixation devices was low during the first few months of the epidemic, limiting the industry's growth. Furthermore, the expansion of multispecialty hospitals to provide proper trauma care, particularly in emerging markets such as India, will increase industry income. Similarly, low-cost therapies provided by various government organizations will act as a significant market expansion stimulus in low-income countries.
Recent Developments
- In 2019, Colfax Corporation acquired DJO Global, Inc, a private equity firm with multiple divisions, including bracing and supports, surgical, footcare, healthcare solutions, recovery, and consumer. This acquisition will help the company earn more profit by increasing revenue.
- In 2019, Medtronic acquired Titan Spine. Medtronic's titanium spine interbody implant and surface technology portfolio was expanded as a result of this acquisition. This also aided the company's offering of trauma devices.
Middle East and Africa 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 Centres
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 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).
Saudi Arabia dominates the Middle East and Africa trauma devices market due to the large number of companies, R&D capabilities, and growing adoption of minimally invasive surgical procedures.
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.com (U.S.)
- Medtronic (Ireland)
- Smith & Nephew (U.S.)
- Integra LifeSciences (U.S.)
- B. Braun SE (Germany)
- Stryker (U.S.)
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