North America Trauma Fixation Market, By Product Type (Internal Fixator Devices And External Fixator Devices), Material (Metallic Implant (Steel, Titanium, Other), Carbon Fiber (Thermoplastic), Hybrid Implants, Bio Absorbable, Grafts And Orthobiologis), Application (Shoulder And Elbow, Hand And Wrist, Pelvic, Hip And Femur, Tibia, Craniomaxillofacial, Knee, Foot And Ankle, Spinal And Others), End User (Hospitals, Ambulatory Surgical Centers, Trauma Centers And Others), Distribution Channel (Direct Tender, Retail Sales And Online Sales) Industry Trends And Forecast to 2029.
North America Trauma Fixation Market Analysis and Insights
North America trauma fixation market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.3% in the forecast period of 2022 to 2029 and is expected to reach USD 9,231.32 million by 2029. The major factors driving the growth of the trauma fixation market are rise in prevalence and incidence of bone fractures, growing geriatric population, wide range of products offered by market players leading the trauma fixation market to grow in future.
Trauma devices are one of the clinical methods used in trauma care depending on injury severity. Trauma refers to any form of physical injury caused by some external source, such as fractures, dislocations, sprains & strains and burns. These tools are used particularly in long bones for cases like fractures. The other areas covered in the trauma devices include upper extremities and lower extremities such as knee, joint, leg, and spine among others. In addition, there is a shift in trauma devices of polymeric materials for better outcome. These include majorly bone fixation components such as screws and plates.
Trauma as any wound or injury resulting from the application of force or violence to a living body. Under that definition, medical professionals face an exhaustive range of complications. Among the most common are bone fractures or conditions that attack bone tissue, such as tumors. Trauma fixation devices are an essential, frontline treatment for bone fractures and tissue degeneration, and are among the oldest devices still in modern use. Although these devices have been in use for many decades, trauma fixation devices are constantly being iterated. Perhaps the most promising avenue of development is enhancing device engineering using high-performance plastics.
Trauma fixation refers to a number of treatment approaches, but usually concerns bone fractures. As bone must be stabilized to heal properly, hardware implantation is a standard method of treatment. This can come in the form of external or internal fixation.
The North America trauma fixation market report provides details of market share, new developments, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million and Pricing in USD
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Segments Covered
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By Product Type (Internal Fixator Devices And External Fixator Devices), Material (Metallic Implant (Steel, Titanium, Other), Carbon Fiber (Thermoplastic), Hybrid Implants, Bio Absorbable, Grafts And Orthobiologis), Application (Shoulder And Elbow, Hand And Wrist, Pelvic, Hip And Femur, Tibia, Craniomaxillofacial, Knee, Foot And Ankle, Spinal And Others), End User (Hospitals, Ambulatory Surgical Centers, Trauma Centers And Others), Distribution Channel (Direct Tender, Retail Sales And Online Sales) Industry Trends And Forecast To 2029
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Weigao group, Orthofix Medical Inc, CONMED Corporation, Wright Medical Group N.V., OsteoMed, Invibio Ltd, Medtronic, Smith & Nephew, Zimmer Biomet, B. Braun Melsungen AG, Stryker, Implantate AG, Johnson & Johnson Private Limited., Inion OY, Arthrex Inc., Jeil medical corporation, Bioretec ltd., and among others.
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Trauma Fixation Market Dynamics
Drivers
- Rise in Incidence of Roads and Sports Accidents
Road accidents are unwanted common mishap that can cause severe injuries or even death of a person. Road traffic crashes and accidents are continue to be a leading cause of death worldwide. The fatalities in road accidents have increased due to number of factors such as distracted driving, speeding, among others boosts the market growth.
- Growing Geriatric Population
The world’s geriatric population is increasing at a rapid rate. With the increasing age comes a reciprocal increase in the elderly patients admitted in the hospitals due to fatal traumatic injuries. Along with that the rising prevalence of musculoskeletal diseases leads to increasing demand for diagnosis and treatment of physical injuries. Hence, the demand for trauma fixation devices is rising for global treatment in the healthcare system
- Growing Technological Advancements in Trauma Fixation Devices
Technological developments in trauma fixation devices result in mobility, dexterity, and additional functionality of a person. These advancements have eliminated the need for any removal surgery or long-term interference with bones, muscles, or tendons. The commercializing of advanced technology-based trauma fixation devices has increased its demand among the consumers, due to which growing technological advancement is propelling the demand of the market.
Opportunities
- Increasing Awareness about Trauma Care Management
The everyday mass shootings injuries, motor vehicle accidents, blasts, and burns is the reason for most increase in the traumatic complications among population. Growing modernization and awareness among the people about trauma cases and incidents are expected to increase the usage and awareness for the trauma devices.
Also, governments in emerging markets (China, Brazil, Russia, India, and South Africa) reform public healthcare and grant more accessible access to services. These two factors working in unison mean greater freedom for market developments and increased innovation in clinical research in emerging markets.
Restraints/Challenges
The variety of risks and health complications associated with trauma fixation devices and the need of further surgical intervention to fix some of them expected to hampers its demand in the market. Thus, the health complications associated with trauma fixation devices is expected to restrain the global trauma fixation market growth.
Lack of skilled professional related to the use of trauma care tools may act as a challenge to the market. Traumatic injuries can vary from minor wounds to complex injuries depending on the site of injury. Hence, the team at the trauma center has to be careful while performing the procedure. The condition of traumatized patients and trauma team poses a challenging situation for the team.
This trauma fixation 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 clinical trial supplies market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In August 2021, Zimmer Biomet Holdings Inc., announced that the company had received FDA clearance of the ROSA Hip system for the treatment of total hip arthroplasty. This robotic system is designed to aid surgeons in the evaluation and execution of their surgical plan while measuring cup orientation, leg length, and offset intra-operatively
North America Trauma Fixation Market Scope
North America trauma fixation market is categorized based on product type, application, material, end user and distribution channel. 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 make strategic decisions to identify core market applications.
Product Type
- External Fixator Devices
- Internal Fixator Devices
On the basis of product type, the North America trauma fixation market is segmented into external fixator devices and internal fixator devices.
Application
- Shoulder and Elbow
- Hand and Wrist
- Foot and Ankle
- Craniomaxillofacial
- Tibia
- Knee
- Spinal
- Pelvic
- Hip and Femur
- Others
On the basis of application, the North America trauma fixation market is segmented into shoulder and elbow, hand and wrist, foot and ankle, craniomaxillofacial, tibia, knee, spinal, pelvic, hip and femur and others.
Material
- Metallic Implant (Steel, Titanium and Other)
- Hybrid Implant
- Bio Absorbable
- Carbon Fiber (Thermoplastic)
- Grafts and Orthobiologics
On the basis of material, the North America trauma fixation market is segmented into metallic implant (steel, titanium and other), hybrid implant, bio absorbable, carbon fiber (thermoplastic) and grafts and orthobiologics.
End User
- Hospitals
- Trauma centers
- Ambulatory center
- Others
On the basis of end user, the North America trauma fixation market is segmented into hospitals, trauma centers, ambulatory center and others.
Distribution Channel
- Direct tender
- Retail sales
- Online Sales
On the basis of distribution channel, the North America trauma fixation market is segmented into direct sales, retail sales and online sales.
North America Trauma Fixation Market Regional Analysis/Insights
North America trauma fixation market is further segmented into major countries including U.S., Canada, Mexico and Rest of North America in North America.
U.S. in North America dominates the trauma fixation market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of increasing healthcare expenditure by government and well-developed healthcare infrastructure with advance technologies in this region.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of North America brands and their challenges faced due to high competition from local and domestic brands, and impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Trauma Fixation Market Share Analysis
North America trauma fixation 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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the North America trauma fixation market.
Some of the major prominent participants operating in the North America trauma fixation market are Weigao group, Orthofix Medical Inc, CONMED Corporation, Wright Medical Group N.V., OsteoMed, Invibio Ltd, Medtronic, Smith & Nephew, Zimmer Biomet, B. Braun Melsungen AG, Stryker, Implantate AG, Johnson & Johnson Private Limited., Inion OY, Arthrex Inc., Jeil medical corporation, Bioretec ltd., and among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
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