Trauma Devices Market to Grow with Impressive CAGR During the Forecast Period
Dynamic
investments in the research are driving the growth in Global Trauma Devices
Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Trauma
Devices Market
By Type (Internal Fixators {Plates & Screws, Rods & Pins, Others} v/s
External Fixators {Uniplanar & Biplanar Fixators, Circular Fixators, Hybrid
Fixators}) By Surgical Site (Upper Extremity {Hand & Wrist, Shoulder, Arm,
Elbow} v/s Lower Extremity {Hip & Pelvis, Lower Leg, Foot & Ankle,
Others}) By End User (Hospitals & Clinics, Ambulatory Care Center, Others)
By Region, Competition Forecast & Opportunities, 2026”, the global trauma devices market is projected to grow at an impressive
CAGR in the forecast period, 2022-2026. The market attributes responsible for
the growth of the market are increasing number of road accidents, active
participation of the children and young adults in the adventure ports and
physical activities. Moreover, the prevalence of bone diseases among the
geriatric population is expected to drive the market growth in the upcoming
five years. Trauma devices are one of the clinical medical devices used in
trauma care depending on injury severity. The word trauma refers to any form of
physical injury caused by some external source, such as fractures,
dislocations, sprains & strains and burns. These medical devices are used specifically
in long bones deformity cases like fractures. The other areas covered in the
trauma devices include upper extremities and lower extremities such as knee,
joint, leg, spine, and others.
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The global trauma devices market is segmented by type, surgical site,
end user, regional distribution, and competitional landscape. Based on surgical
site, the market is majorly divided into upper extremities and lower
extremities. Upper extremities are anticipated to hold the larger shares of the
market on the account of increasing number of physical and sports activities
and traumas caused due to any mishaps during any of those activities. Population
under the age of 18 years are actively involved in the physical and sports
activities, that has given rise of multipole trauma and such injuries during
the play offs, etc. Thereby driving the growth of the market. Moreover, upper
extremities include injury to the hand, wrist, shoulder, arm, and elbow and
injuries in the limb areas are very common thus supporting the growth of the
global trauma devices market.
Lower extremities include hip & pelvis, lower leg, foot & ankle,
and others. The market is anticipated to hold the significant shares of the
market in the ground of increasing motorbike accidents among the population, that
causes severe injuries to the ankle, foot, and thigh. Causes for lower leg
injuries can be blunt force trauma and stress in the Achilles tendon, which
causes impairment in its functioning. All these factors are majorly driving the
growth of the global trauma devices market in the next five years.
Based on end user, the market is further categorized into hospitals
& clinics, ambulatory care center, and others. Hospitals & clinics with
the availability of the round the clock trauma centers are anticipated to hold
the largest shares of the market segment in the upcoming five years on the
account of availability of the expensive trauma devices and 24x7 trauma care
services for any emergency cases. On the other hand, ambulatory surgery centers
are likely to experience the fastest growth over the forecast period as they offer
treatment facilities to patients at lower costs and greater flexibility of
scheduling as compared to hospitals.
Holding the major shares of the market are Stryker Corporation, Smith
& Nephew, Plc., Johnson & Johnson International Inc., Zimmer Biomet
Holdings, Inc., Wright Medical Group N.V., Integra Lifesciences Corporation,
Acumed, Inc., Bioretec Ltd., Cardinal Health, Inc., Orthofix Medical Inc.,
among others. Market players like Johnson & Johnson with the instance from
its subsidiary, recently invested billions in the manufacture of advanced
trauma devices thereby dedicating the financial aid toward more technologically
advanced and efficient products for the treatment and diagnosis products. Other
strategic recommendations include, partnerships, and deals among the market
players.
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“Growing number of
geriatric population and increasing incidences of road accidents are some of
the major reasons of why North America is anticipated to be a promising future
market for the next five years. The region has some of the major economies and
the government that aids the emergency trauma treatments and thus creates a
definite market growth for the global trauma devices market. Asia Pacific is
expected to show lucrative growth with India as the most growing country on the
grounds of alarming growth in the number of road accidents and road kills
caused. Moreover, rising geriatric population in Japan and China, increasing
instances of road rash, along with developing economies are probably the major
causes of the region’s exceptional growth in the next five years,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based Global
management consulting firm.
“Global Trauma Devices
Market By Type (Internal Fixators {Plates & Screws, Rods & Pins,
Others} v/s External Fixators {Uniplanar & Biplanar Fixators, Circular
Fixators, Hybrid Fixators}) By Surgical Site (Upper Extremity {Hand &
Wrist, Shoulder, Arm, Elbow} v/s Lower Extremity {Hip & Pelvis, Lower Leg,
Foot & Ankle, Others}) By End User (Hospitals & Clinics, Ambulatory Care
Center, Others) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the
future growth potential of global Trauma Devices and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global Trauma Devices market.
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