Market outlook of the orthopedic trauma devices market
Trauma includes severe damage to functional body components such as soft tissues, bones, nerves, and vessels. It is usually caused by an external cause such as road accidents, and major damage can lead to severe outcomes. According to WHO, every year 9% of mortality is caused because of trauma injuries across the globe. Technavio’s market research analysts estimate the global orthopedic trauma devices market to grow successfully and post a CAGR of more than 6% during the forecast period.
High prevalence of osteoarthritis and rheumatoid arthritis in the elderly population (aged 60 and above) is one of the major factors influencing the growth of the market. The aging population being more prone towards joint-related complications will increase the demand for trauma devices, thereby contributing to market growth during the forecast period. Osteoarthritis is the most common joint problem in developed countries such as the US and the UK.
Segmentation by material and analysis of - metals and non-metals
The non-metals that are most commonly used in the orthopedic trauma devices are polymers, ceramics, and composites. The use of natural polymers such as collagen, fibrin, and hyaluronic acid have resulted in good biocompatibility and osteoconductive properties. Even though these materials have low mechanical stability they are used as scaffolds for tissue engineering.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Metals
- Non-metals
Geographical segmentation and analysis of - Americas, APAC, EMEA
Technavio’s market research analysts have evaluated the Americas as the major revenue contributor to the orthopedic trauma devices market, with the US and Canada being major countries contributing to the market share. The market in the Americas will see a steady growth because the third-party payers, including domestic dealers, government, and private health insurers limit reimbursement and healthcare coverage resulting in decreased sales of new products.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Americas
- APAC
- EMEA
Competitive landscape and key vendors - DePuy Synthes, Smith & Nephew, Zimmer Holding, and Stryker
The orthopedic trauma devices market is dominated by few large players and the competition among these players in the market is intense about innovation and launch of new products. Therefore, forming strategic alliances among vendors will help in penetration of a product in untapped markets as well as expansion of product portfolio and increased product sales, thus gaining substantial market shares.
The top vendors in this market are -
- DePuy Synthes
- Smith & Nephew
- Zimmer Holding
- Stryker
Other prominent vendors included in this report are AAP Implantate, Acumed, Arthrex, Arthrosurface, Cardinal Health, Ellipse Technologies, Flower Orthopedics, Orthopaedic Innovation, Medartis, Nextremity, Solutions, Osteomed, Paragon 28, Skeletal Dynamics, Tornier, Tyber Medical, Virak Orthopedic, and Wright Medical.
Key questions answered in the report include
- What will the orthopedic trauma devices size and the growth rate be in 2020?
- What are the key factors driving the global orthopedic trauma devices market?
- What are the key orthopedic trauma devices trends impacting the growth of the market?
- What are the challenges to market growth?
- Who are the key vendors in the global orthopedic trauma devices?
- What are the market opportunities and threats faced by the vendors in the global orthopedic trauma devices?
- What are the trending factors influencing the market shares of the APAC, EMEA, and the Americas?
- What are the key outcomes of the five forces analysis of the global orthopedic trauma devices?
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