Trauma Fixation Device Market [2021-2031] - Size, Share
The Trauma Fixation Device Market is expected to register a CAGR of 8.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (External Fixators, Internal Fixators, Unilateral and Bilateral Fixators). The report further presents analysis based on Material (Stainless Steel, Titanium, Nitinol, Others). The report is further segmented based on Site (Lower Extremities, Upper Extremities). Futher, it is segmented based on End-use (Hospitals, Ambulatory Surgery Centers, Orthopedic Centres). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Trauma Fixation Device Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Trauma Fixation Device Market Segmentation
Product- External Fixators
- Internal Fixators
- Unilateral and Bilateral Fixators
- Stainless Steel
- Titanium
- Nitinol
- Others
- Lower Extremities
- Upper Extremities
- Hospitals
- Ambulatory Surgery Centers
- Orthopedic Centres
- Hospitals
- Ambulatory Surgery Centers
- Orthopedic Centres
Strategic Insights
Trauma Fixation Device Market Growth Drivers- Increase in Trauma Cases: The growing number of traumatic injuries from accidents, sports, and falls is among the major factors fueling the growth of the market. Due to increasing urbanization and changing lifestyles, there are more accidents hence the market for trauma fixation devices is expected to increase.
- Increase in Geriatric Population: As the older population grows, the cases of fractures and injuries associated with falls are expected to grow. This is causing the trauma fixation devices market to grow because many older adults often require, and will continue to need, surgical treatment for these injuries.
- Better Healthcare Infrastructure: The growth in healthcare facilities and in the level of surgical care provided in developing markets is also allowing the trauma fixation device market to flourish. The enhanced health care system allows more surgeries to be performed, increasing the demand for these devices..
- Minimally Invasive Techniques: There is a growing trend towards minimally invasive surgical techniques. Firstly, it allows for a faster recovery, less complications, and better outcomes. This is expected to contribute to increase in the adoption of advanced trauma fixation devices which are designed for such operations.
- Integration of Smarter Equipment: The integration of smart technologies, such as sensors and IoT capabilities, into trauma fixation devices is expected to grow. These advancements can help to monitor patients in real-time regarding the healing process, enhancing patient care and outcomes.
- Sustainability in Manufacturing: The medical device industry is also beginning to look out for practical notions of sustainability. Manufacturers are already looking at the possibility of bio-based materials and processes which would influence the way trauma fixation devices are designed and manufactured.
- Technological Innovations: The emergence of novel materials, for example, biodegradable polymers and self-adjusting fixation systems, creates potential for manufacturers. These technological developments can improve the outcome of the surgery by providing better integration of the devices with the body and real-time monitoring of patients.
- Increased Investment in R&D: Companies are increasingly investing in R&D to create next-generation trauma fixation devices. This is likely to translate into development of effective and safer devices because the needs of the customers are dynamic.
- Support from the Regulatory Agencies: Favorable regulatory environments and fast-tracked processes for approving new products, would assist in speeding up the market entry of new innovations in trauma fixation devices. This in turn makes it attractive for companies to engage in the development of new technologies.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Trauma Fixation Device Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Trauma Fixation Device Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Stryker Corporation, DePuy Synthes, Zimmer Holdings, Inc, Smith & Nephew plc, Wright Medical Inc, Globus Medical Inc, and B. Braun Melsungen AG are some of the major players operating in the market.
The internal fixators segment accounts for the highest revenue in product segment of the trauma fixation device market in 2023.
Asia Pacific region has the highest CAGR of the trauma fixation device market.
North America region dominated the trauma fixation device market in 2023.
The Trauma Fixation Device Market is estimated to witness a CAGR of 8.4% from 2023 to 2031
The major factors driving the trauma fixation device market are:
1. Increase in Trauma Cases.
2. Increase in Geriatric Population.
3. Better Healthcare Infrastructure.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Trauma Fixation Device Market - By Product
1.3.2 Trauma Fixation Device Market - By Material
1.3.3 Trauma Fixation Device Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. TRAUMA FIXATION DEVICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TRAUMA FIXATION DEVICE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TRAUMA FIXATION DEVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. TRAUMA FIXATION DEVICE - GLOBAL MARKET OVERVIEW
6.2. TRAUMA FIXATION DEVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TRAUMA FIXATION DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CLOSURE DEVICE
7.3.1. Overview
7.3.2. Closure device Market Forecast and Analysis
7.4. BONE CEMENT
7.4.1. Overview
7.4.2. Bone Cement Market Forecast and Analysis
8. TRAUMA FIXATION DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. STAINLESS STEEL
8.3.1. Overview
8.3.2. Stainless Steel Market Forecast and Analysis
8.4. NITINOL
8.4.1. Overview
8.4.2. Nitinol Market Forecast and Analysis
8.5. TITANIUM
8.5.1. Overview
8.5.2. Titanium Market Forecast and Analysis
8.6. TRITIUM
8.6.1. Overview
8.6.2. Tritium Market Forecast and Analysis
8.7. PEEK
8.7.1. Overview
8.7.2. PEEK Market Forecast and Analysis
9. TRAUMA FIXATION DEVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Trauma Fixation Device Market Overview
9.1.2 North America Trauma Fixation Device Market Forecasts and Analysis
9.1.3 North America Trauma Fixation Device Market Forecasts and Analysis - By Product
9.1.4 North America Trauma Fixation Device Market Forecasts and Analysis - By Material
9.1.5 North America Trauma Fixation Device Market Forecasts and Analysis - By Countries
9.1.5.1 United States Trauma Fixation Device Market
9.1.5.1.1 United States Trauma Fixation Device Market by Product
9.1.5.1.2 United States Trauma Fixation Device Market by Material
9.1.5.2 Canada Trauma Fixation Device Market
9.1.5.2.1 Canada Trauma Fixation Device Market by Product
9.1.5.2.2 Canada Trauma Fixation Device Market by Material
9.1.5.3 Mexico Trauma Fixation Device Market
9.1.5.3.1 Mexico Trauma Fixation Device Market by Product
9.1.5.3.2 Mexico Trauma Fixation Device Market by Material
9.1.5.4 US Trauma Fixation Device Market
9.1.5.4.1 US Trauma Fixation Device Market by Product
9.1.5.4.2 US Trauma Fixation Device Market by Material
9.2. EUROPE
9.2.1 Europe Trauma Fixation Device Market Overview
9.2.2 Europe Trauma Fixation Device Market Forecasts and Analysis
9.2.3 Europe Trauma Fixation Device Market Forecasts and Analysis - By Product
9.2.4 Europe Trauma Fixation Device Market Forecasts and Analysis - By Material
9.2.5 Europe Trauma Fixation Device Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Trauma Fixation Device Market
9.2.5.1.1 Germany Trauma Fixation Device Market by Product
9.2.5.1.2 Germany Trauma Fixation Device Market by Material
9.2.5.2 France Trauma Fixation Device Market
9.2.5.2.1 France Trauma Fixation Device Market by Product
9.2.5.2.2 France Trauma Fixation Device Market by Material
9.2.5.3 Italy Trauma Fixation Device Market
9.2.5.3.1 Italy Trauma Fixation Device Market by Product
9.2.5.3.2 Italy Trauma Fixation Device Market by Material
9.2.5.4 Spain Trauma Fixation Device Market
9.2.5.4.1 Spain Trauma Fixation Device Market by Product
9.2.5.4.2 Spain Trauma Fixation Device Market by Material
9.2.5.5 United Kingdom Trauma Fixation Device Market
9.2.5.5.1 United Kingdom Trauma Fixation Device Market by Product
9.2.5.5.2 United Kingdom Trauma Fixation Device Market by Material
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Trauma Fixation Device Market Overview
9.3.2 Asia-Pacific Trauma Fixation Device Market Forecasts and Analysis
9.3.3 Asia-Pacific Trauma Fixation Device Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Trauma Fixation Device Market Forecasts and Analysis - By Material
9.3.5 Asia-Pacific Trauma Fixation Device Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Trauma Fixation Device Market
9.3.5.1.1 Australia Trauma Fixation Device Market by Product
9.3.5.1.2 Australia Trauma Fixation Device Market by Material
9.3.5.2 China Trauma Fixation Device Market
9.3.5.2.1 China Trauma Fixation Device Market by Product
9.3.5.2.2 China Trauma Fixation Device Market by Material
9.3.5.3 India Trauma Fixation Device Market
9.3.5.3.1 India Trauma Fixation Device Market by Product
9.3.5.3.2 India Trauma Fixation Device Market by Material
9.3.5.4 Japan Trauma Fixation Device Market
9.3.5.4.1 Japan Trauma Fixation Device Market by Product
9.3.5.4.2 Japan Trauma Fixation Device Market by Material
9.3.5.5 South Korea Trauma Fixation Device Market
9.3.5.5.1 South Korea Trauma Fixation Device Market by Product
9.3.5.5.2 South Korea Trauma Fixation Device Market by Material
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Trauma Fixation Device Market Overview
9.4.2 Middle East and Africa Trauma Fixation Device Market Forecasts and Analysis
9.4.3 Middle East and Africa Trauma Fixation Device Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Trauma Fixation Device Market Forecasts and Analysis - By Material
9.4.5 Middle East and Africa Trauma Fixation Device Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Trauma Fixation Device Market
9.4.5.1.1 South Africa Trauma Fixation Device Market by Product
9.4.5.1.2 South Africa Trauma Fixation Device Market by Material
9.4.5.2 Saudi Arabia Trauma Fixation Device Market
9.4.5.2.1 Saudi Arabia Trauma Fixation Device Market by Product
9.4.5.2.2 Saudi Arabia Trauma Fixation Device Market by Material
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Trauma Fixation Device Market Overview
9.5.2 South and Central America Trauma Fixation Device Market Forecasts and Analysis
9.5.3 South and Central America Trauma Fixation Device Market Forecasts and Analysis - By Product
9.5.4 South and Central America Trauma Fixation Device Market Forecasts and Analysis - By Material
9.5.5 South and Central America Trauma Fixation Device Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Trauma Fixation Device Market
9.5.5.1.1 Brazil Trauma Fixation Device Market by Product
9.5.5.1.2 Brazil Trauma Fixation Device Market by Material
9.5.5.2 Argentina Trauma Fixation Device Market
9.5.5.2.1 Argentina Trauma Fixation Device Market by Product
9.5.5.2.2 Argentina Trauma Fixation Device Market by Material
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TRAUMA FIXATION DEVICE MARKET, KEY COMPANY PROFILES
11.1. STRYKER CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DEPUY SYNTHES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ZIMMER HOLDINGS, INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SMITH & NEPHEW PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ZIMMER BIOMET INC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. WRIGHT MEDICAL INC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MEDARTIS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. GLOBUS MEDICAL INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. B. BRAUN MELSUNGEN AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ORTHOPAEDIC IMPLANT COMPANY.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- Stryker Corporation
- DePuy Synthes
- Zimmer Holdings, Inc
- Smith & Nephew plc
- Zimmer Biomet, Inc
- Wright Medical Inc
- Medartis
- Globus Medical Inc
- B. Braun Melsungen AG
- Orthopaedic Implant Company.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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