Global trauma fixation devices market analysis
Research analysis of the global trauma fixation devices market identifies the growing number of road and sports injuries globally as one of the primary factors for the market’s growth. The Centers for Disease Control and Prevention (CDC) has estimated that more than 20 million people are either injured or disabled every year due to road injuries. Similarly, sports injuries are quite common among athletes and according to the CDC, almost 3 million children under the age of 19 visited the ER for sports-related injuries in April 2016. This will increase the need for trauma fixation devices for various procedures including hip arthroscopy, knee replacement, and spinal injury. According to the trauma fixation devices industry analysis, Technavio’s market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.
The Americas contribute to the highest revenue shares of this market throughout the predicted period. North America will account for the largest share of the market in this region where the increasing number of accidents and sports-related injuries and the growth of the aging population, which will contribute to the demand for trauma fixation devices.
Competitive landscape and key vendors
The market comprises of several players and is highly competitive. To sustain in this competitive environment, the global manufacturers are adopting advanced technologies to produce high-quality products. Additionally, these companies also invest in R&D and follow strategies such as M&A to accelerate their growth.
The leading vendors in the market are
- Stryker
- Zimmer Biomet
- Smith & Nephew
The other prominent vendors in the market are Auxein Medical, Brace Orthopaedic, CONWELL MEDICAL, Bioretec, Citieffe, Invibio, B. Braun Melsungen, ReWalk Robotics, NuVasive, FirstRay, OMNI, Orthopeadic Implant Company, and PAVIS.
Trauma fixation devices market segmentation by product type
- Internal fixation devices
- External fixation devices
Based on the trauma fixation devices market outlook, the internal fixation devices segment contributes to the highest share of this market during 2016. This is mainly due to the increasing aging population and the growing number of accidents and sports-related injuries. The vendors in the market are developing advanced technology device and are also focusing on partnering with hospitals and ASCs to increase the sales of their products.
Trauma fixation devices market segmentation by end-user
- ASCs
- Physicians’ offices
- Hospitals
The ASCs were the major end-user to the market during 2016. ASCs minimize healthcare expenses and reduce the duration of hospital stay. The low cost of treatment in ASCs when compared to hospitals and other healthcare institutions, will drive the patient pool towards this segment.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global trauma fixation devices market?
- What are the key market trends impacting0020the growth of the global trauma fixation devices market?
- What are the challenges to market growth?
- Who are the key vendors in the global trauma fixation devices market?
- What are the market opportunities and threats faced by the vendors in the global trauma fixation devices market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global trauma fixation devices market?
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