Trauma and Extremities Devices Market Growth Report by 2031

Trauma and Extremities Devices Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Device Type (Internal Fixation Devices, External Fixation Devices, Craniofacial Devices, Long Bone Stimulation, and Others), End User (Hospitals, Clinics, and Others), and Geography

  • Report Code : TIPRE00007345
  • Category : Medical Device
  • No. of Pages : 150
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Trauma and Extremities Devices Market Growth Report by 2031

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The trauma and extremities devices market size is projected to reach US$ 17.72 billion by 2031 from US$13.43 billion in 2023. The market is expected to register a CAGR of 3.8% in 2023–2031. Increasing use of non-metallic fixators and bioabsorbable fixators are likely to remain key trends in the trauma and extremities devices market.

Trauma and Extremities Devices Market Analysis

According to the World Health Organization (WHO), road traffic crashes result in the death of approximately 1.19 million people every year, and between 20 and 50 million people are suffer from non-fatal injuries that hamper their daily life. On similar lines, the Indian Ministry of Road Transport and Highways (MORTH) and the National Crime Records Bureau (NCRB) provide the estimates of road crashes based on police data. As per the report, nearly 371,884 non-fatal road traffic injuries were reported in 2021, although the figure mentioned may be underestimated. Thus, the growing number of road traffic accidents that result in bone deformities escalate the demand for trauma and extremities devices.

Trauma and Extremities Devices Market Overview

The growth of the trauma and extremities devices market is attributed to the rising prevalence of road crashes that endure non-fatal injuries and the growing aging geriatric population prone to fractures due to reduced bone density. However, the high cost of trauma and extremity devices is a major factor hindering the market growth. The global trauma and extremities devices market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. In North America, the US held the largest market share due to the presence of key players and rising number of injuries caused by trauma. In addition, continuous product developments is expected to stimulate the growth of trauma and extremities devices market in North America.

Asia Pacific is expected to account for the fastest growth in the trauma and extremities devices market. The improving healthcare facilities and increasing cases of bone degenerative disorders in Asia Pacific are likely to fuel the growth of the market.

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Trauma and Extremities Devices Market: Strategic Insights

trauma-and-extremities-devices-market
Market Size Value inUS$13.43 billion in 2023
Market Size Value byUS$ 17.72 billion by 2031
Growth rateCAGR of 3.8% from 2023 to 2031
Forecast Period2023-2031
Base Year2023
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Trauma and Extremities Devices Market Drivers and Opportunities

Increasing Cases of Bone Degenerative Disorders in Elderly Population to Favor Market

Elderly people are at a greater risk of falls, and minor accidents can cause fractures or bone breakage due to the tendency of muscles and bones to wear off with age. Osteoporosis and other conditions that affect older people may further raise the risk of bone breakage. Thus, an upsurge in the elderly population is correlated with the soaring number of orthopedic injuries and disorders, which creates the demand for trauma and extremities devices. According to the Osteoarthritis (OA) Action Alliance, 88% of people with OA are at least 45 years old, and 43% are 65 or older in the US. Thus, the growing number of road traffic accidents escalates the demand for trauma and extremities devices.

Increasing Funding for Trauma Treatment – An Opportunity

In July 2021, the Substance Abuse and Mental Health Services Administration contributed US$ 62.4 million in grant funding to provide and increase access to effective treatment and service systems across the US. These funds aim to help children, adolescents, and their families who have experienced traumatic events. The White House will also provide additional support through US$ 800,000 in American Rescue Plan (ARP) funding. Thus, increasing funding for trauma treatment is likely to create significant opportunities in the trauma and extremities devices market.

Trauma and Extremities Devices Market Report Segmentation Analysis

Key segments that contributed to the derivation of the trauma and extremities devices market analysis are device type and end user.

  • Based on device type, the trauma and extremities devices market is segmented into internal fixation devices, external fixation devices, craniofacial devices, long bone stimulation, and others. The internal fixation devices segment held the largest market share in 2023.
  • By end user, the market is segmented into hospitals, clinics, and others. The hospitals segment held the largest market share in 2023.

Trauma and Extremities Devices Market Share Analysis by Geography

The geographic scope of the trauma and extremities devices market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America dominated the trauma and extremities devices market. According to Centers for Disease Control and Prevention estimates, 21.2% of adults in the US, or 53.2 million people, had doctor-diagnosed arthritis from 2019 to 2021. Due to rising incidences of bone degenerative disorders in the region, North America held the largest share of the market in 2022. An inclination toward the development of technologically advanced products and the presence of global market players are factors contributing to the dominance of North America in the trauma and extremities devices market.

Trauma and Extremities Devices Market News and Recent Developments

The trauma and extremities devices market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments and strategies in the market for trauma and extremities devices:

  • Stryker launched its Gamma4 Hip Fracture Nailing System in most European markets. This newest Gamma system is designed to provide surgeons with the next generation of Stryker's intramedullary nailing system, and it is specifically designed to treat hip and femur fractures. The Gamma4 system aims to streamline procedural workflows for surgeons. In September 2023, the system received CE certification in Europe. (Source: Stryker, Press Release, 2023)
  • DePuy Synthes, the Orthopaedics Company of Johnson & Johnson, launched the UNIUM System as the newest addition to its Power Tools portfolio. The system is designed with a commitment to ergonomics, reliability, and efficiency in the trauma setting. It can be used across small bone, sports medicine, spine, and thorax procedures. (Source: Johnson & Johnson, Press Release, 2021)

Trauma and Extremities Devices Market Report Scope

Trauma and Extremities Devices Market Report Coverage and Deliverables

The “Trauma and Extremities Devices Market Size and Forecast (2022–2030)” report provides a detailed analysis of the market covering below areas:

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Market dynamics such as drivers, restraints, and key opportunities
  • Key future trends
  • Detailed PEST and SWOT analysis
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Device Type, End User, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What was the estimated trauma and extremities devices market size in 2023?

The trauma and extremities devices market was valued at US$ 13.43 billion in 2023.

What are trauma and extremities?

Orthopedic trauma describes all kinds of injuries affecting the bones, muscles, joints, and ligaments in any part of the body that are caused by trauma. The term may refer to minor fractures or severely broken bones with a direct threat to life.

What are the growth estimates for the trauma and extremities devices market till 2031?

The trauma and extremities devices market is expected to be valued at US$ 17.72 billion in 2031.

Which device type segment dominates the trauma and extremities devices market?

Based on device type, the trauma and extremities devices market is segmented into internal fixation devices, external fixation devices, craniofacial devices, long bone stimulation, and others. The internal fixation devices segment held the largest market share in 2023.

Who are the major players in the trauma and extremities devices market?

The trauma and extremities devices market majorly consists of the players, including Stryker, Zimmer Biomet, Smith & Nephew, Wright Medical Group N.V, Advanced Orthopaedic Solutions, Integra LifeSciences Corporation, Acumed LLC, Orthofix Holdings, Inc, Medartis AG, Corin, Matrix Meditec Private Limited, Electramed Ltd., and Miraclus.

What factors drive the trauma and extremities devices market?

Key factors driving the trauma and extremities devices market growth are rising number of road accidents and increasing cases of bone degenerative disorders in elderly population.

1. Introduction

1.1 Scope of the Study

1.2 Market Definition, Assumptions and Limitations

1.3 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness Analysis

3. Research Methodology

4. Trauma And Extremities Devices Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 List of Vendors in the Value Chain

5. Trauma And Extremities Devices 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 and Restraints

6. Trauma And Extremities Devices Market - Global Market Analysis

6.1 Trauma And Extremities Devices - Global Market Overview

6.2 Trauma And Extremities Devices - Global Market and Forecast to 2031

7. Trauma And Extremities Devices Market – Revenue Analysis (USD Million) – By Device Type, 2021-2031

7.1 Overview

7.2 Internal Fixation Devices

7.3 External Fixation Devices

7.4 Craniofacial Devices

7.5 Long Bone Stimulation

7.6 Others

8. Trauma And Extremities Devices Market – Revenue Analysis (USD Million) – By End User , 2021-2031

8.1 Overview

8.2 Hospitals

8.3 Clinics

8.4 Others

9. Trauma And Extremities Devices Market - Revenue Analysis (USD Million), 2021-2031 – Geographical Analysis

9.1 North America

9.1.1 North America Trauma And Extremities Devices Market Overview

9.1.2 North America Trauma And Extremities Devices Market Revenue and Forecasts to 2031

9.1.3 North America Trauma And Extremities Devices Market Revenue and Forecasts and Analysis - By Device Type

9.1.4 North America Trauma And Extremities Devices Market Revenue and Forecasts and Analysis - By End User

9.1.5 North America Trauma And Extremities Devices Market Revenue and Forecasts and Analysis - By Countries

9.1.5.1 United States Trauma And Extremities Devices Market

9.1.5.1.1 United States Trauma And Extremities Devices Market, by Device Type

9.1.5.1.2 United States Trauma And Extremities Devices Market, by End User

9.1.5.2 Canada Trauma And Extremities Devices Market

9.1.5.2.1 Canada Trauma And Extremities Devices Market, by Device Type

9.1.5.2.2 Canada Trauma And Extremities Devices Market, by End User

9.1.5.3 Mexico Trauma And Extremities Devices Market

9.1.5.3.1 Mexico Trauma And Extremities Devices Market, by Device Type

9.1.5.3.2 Mexico Trauma And Extremities Devices Market, by End User

Note - Similar analysis would be provided for below mentioned regions/countries

9.2 Europe

9.2.1 Germany

9.2.2 France

9.2.3 Italy

9.2.4 Spain

9.2.5 United Kingdom

9.2.6 Rest of Europe

9.3 Asia-Pacific

9.3.1 Australia

9.3.2 China

9.3.3 India

9.3.4 Japan

9.3.5 South Korea

9.3.6 Rest of Asia-Pacific

9.4 Middle East and Africa

9.4.1 South Africa

9.4.2 Saudi Arabia

9.4.3 U.A.E

9.4.4 Rest of Middle East and Africa

9.5 South and Central America

9.5.1 Brazil

9.5.2 Argentina

9.5.3 Rest of South and Central America

10. Industry Landscape

10.1 Mergers and Acquisitions

10.2 Agreements, Collaborations, Joint Ventures

10.3 New Product Launches

10.4 Expansions and Other Strategic Developments

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players

11.2 Company Positioning and Concentration

12. Trauma And Extremities Devices Market - Key Company Profiles

12.1 Advanced Orthopaedic Solutions

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

Note - Similar information would be provided for below list of companies

12.2 B. Braun Melsungen AG

12.3 Bioretec Ltd.

12.4 Cardinal Health

12.5 DePuy Synthes

12.6 Integra LifeSciences Corporation

12.7 Smith and Nephew

12.8 Stryker

12.9 Wright Medical Group N.V.

12.10 Zimmer Biomet

13. Appendix

13.1 Glossary

13.2 About The Insight Partners

13.3 Market Intelligence Cloud

The List of Companies - Trauma And Extremities Devices Market

  1. Stryker
  2. Zimmer Biomet, Smith & Nephew
  3. Wright Medical Group N.V
  4. Advanced Orthopaedic Solutions
  5. Integra LifeSciences Corporation
  6. Acumed LLC
  7. Orthofix Holdings, Inc
  8. Medartis AG
  9. Corin
  10. Matrix Meditec Private Limited

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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