Global Trauma Devices Market is growing with factors such as increasing incidents of road accidents and injuries worldwide, rising geriatric population, growing adoption of minimally surgical procedures, increase in injuries and death due to road traffic accidents (RTA), among which the rising number of fatal and disabled road accidents has become a factor towards the growth of the trauma surgery and devices. However high cost of trauma devices and surgical procedures, stringent regulations and high risk and complications of trauma surgery are some of the factors that are acting as restraints and may obstruct the growth of the market in the given forecast period.
Global Trauma Devices Market Scenario
According to Data Bridge Market Research, the market for trauma devices in North America region has the highest market share in global trauma devices market. Market leader is DePuy Synthes Companies (a subsidiary of Johnson & Johnson Services, Inc.) which accounts an estimated market share of approximately 40.23% in the North America. The company has gained outstanding sale through providing specialty clinics services.
For instance:
- In November 2019, DePuy Synthes Companies introduced SYMPHONY Occipito-Cervico-Thoracic (OCT) System which offers surgical treatment for neck and upper back. The SYMPHONY System is designed to improve the areas in alignment, targeting, fixation and extensions. The new product helped the company in expanding its profit along with revenue for the company.
- In October 2019, DePuy Synthes Companies and TINAVI signed the strategic collaboration to expand digital survey footprint for the spine and trauma surgery. The agreement with TINAVI expanded the innovation ecosystem in the field of digital and technological medical innovation.
Trends Impacting the Market
Now the question is which other regions DePuy Synthes Companies (a subsidiary of Johnson & Johnson Services, Inc.), Smith & Nephew, Zimmer Biomet and Stryker are targeting? Data Bridge Market Research has estimated a large growth in North America trauma devices market and the market leaders targeting U.S., Mexico, and Canada to be their next revenue pockets for 2020.
Trauma devices market is becoming more competitive with companies such as DePuy Synthes Companies (a subsidiary of Johnson & Johnson Services, Inc.), Smith & Nephew, Zimmer Biomet and Stryker as these are the top dominating companies in trauma devices market which have maximum number of trauma surgery products and receiving large CE mark approval for launching new products in the market. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global trauma devices market.
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Global Trauma Devices Market Development
- In September 2019, a new clinical trial for study on bone graft in transformational lumbar interbody fusion spine procedures was announced by Medtronic. The study aims at joining the bones of spine through posterior approach. The success of the trail will provide a broader access to the patients in novel biologic technology. It is expected to increase the brand value of the company in the market.
Scope of the Global Trauma Devices Market
Global trauma devices market is segmented on the basis of countries into the U.S., Canada and Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, 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, UAE, Saudi Arabia, Israel, Kuwait, Egypt and Rest of Middle East & Africa.
- All country based analysis of global trauma devices market is further analyzed based on further segmentation. Global trauma devices market based on product is segmented into internal fixators devices, external fixators devices and others. On the basis of surgical site, the market is segmented into lower extremities and upper extremities. On the basis of tissue type, the market is segmented into hard tissue and soft tissue. On the basis of material type, the market is segmented into non-absorbable and bio-absorbable. On the basis of patient age, the market is segmented into adults and pediatric. On the basis of end user, the market is segmented into hospitals, trauma centres, ambulatory surgical centres and others. On the basis of distribution channel, the market is segmented into direct tender and retail sales.
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Key Pointers Covered in Global Trauma Devices Market Industry Trends and Forecast to 2027
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
Key Market Competitors Covered in the Report
- Orthofix Medical Inc.
- NuVasive, Inc
- DJO Global, Inc (A subsidiary of Colfax Corporation)
- B. Braun Melsungen AG
- DePuy Synthes Companies (A Subsidiary of Johnson & Johnson Services, Inc.) (2019)
- Smith & Nephew
- Integra LifeSciences Corporation
- Zimmer Biomet
- Stryker
- Weigao group
- Shanghai Kinetic Medical Co., Ltd.
- MicroPort Scientific Corporation
- CONMED Corporation
- Wright Medical Group N.V.
- Corin
- OsteoMed
- Invibio Ltd
- Gpcmedical
- Medtronic
Above are the key players covered in the report, to know about more and exhaustive list of trauma devices companies’, contact us https://www.databridgemarketresearch.com/ru/toc/?dbmr=global-trauma-devices-market
Research Methodology: Global Trauma Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
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, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Trauma Specialist, Healthcare Professionals, Doctors
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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