Orthopedic trauma devices market forecast
Technavio’s orthopedic trauma devices market analysis identifies the increasing incidence of falls and accidents to be one of the primary growth factors for the orthopedic trauma devices market in the US. The growing incidences of falls, sports, and road accidents are consequent in traumatic orthopedic injuries among the youth and death among the aging population. Athletes suffer from muscle spasms and severe injuries such as loss of sensation of the autonomic nervous system and muscle function. Orthopedic trauma devices are utilized by the physicians to treat fractures and sports injuries. According to the orthopedic trauma devices market analysis, the market analysts estimate that the market will post a revenue of around USD 3 billion by 2021.
Minimally invasive surgeries (MIS) are accepted as an improved alternative to conventional surgeries as they are consequent in reduced complications. MIS involve small incisions, less pain and scarring, few complications, short hospital stay, and quick recovery. Increased adoption of ambulatory surgery is supporting improvements in minimally invasive techniques. MI techniques involves creation of small incisions that reduces peri-operative pain and morbidity, and enables faster post-operative recovery. The increasing demand for MIS is identified to be one of the key trends contributing towards the growth of the orthopedic trauma devices market size in the US.
Competitive landscape and key vendors
The orthopedic trauma devices market size in the US is significantly growing due to the presence of few key vendors that compete to increase their market share. Key vendors are increasing their M&A activities and are acquiring latest technologies to increase their market share. To attain competitive advantage, vendors are improving and upgrading their technological expertise. These vendors have distributed geographical presence in the orthopedic medical devices market.
The leading vendors in the market are
- DePuy Synthes
- Smith & Nephew
- Stryker
- Zimmer Biomet
The other prominent vendors in the market are Acumed, Arthrex, B. Braun Melsungen, BioPro, CONMED, DJO Global, Globus Medical, Image Ortho Surgical, Integra LifeSciences, Medtronic, Orthofix, OsteoMed, VILEX IN TENNESSEE, and Wright Medical.
Segmentation by product type and orthopedic trauma devices industry insights in the US
- Internal fixation trauma devices
- External fixation trauma devices
Internal fixation trauma devices are gaining preference as these internal devices are used in orthopedic surgeries to repair damaged or lost bones. They are useful in repairing fractures and aid in quick healing. Orthopedic surgeons implant a device or an implant through internal fixation to temporarily restore the physiological functions of people suffering from various orthopedic disorders.
Segmentation by end-user and analysis of the orthopedic trauma devices market in the US
Based on the orthopedic trauma devices industry insights, hospitals will be the major end-user of orthopedic trauma devices influenced by the growing availability of specialized healthcare professionals, increasing incidence of musculoskeletal disorders, increasing prevalence of orthopedic diseases among the aging population, and increasing life expectancy in the US. Hospitals provide various services such as diagnosis, outpatient consultation, surgical interventions, and treatments, contributing positively towards the hospital segment in the orthopedic medical devices market.
Key questions answered in the report include
- What will the orthopedic trauma devices market size and the growth rate be in 2021?
- What are the key factors driving the growth of orthopedic trauma devices market size in the US?
- What are the key market trends impacting the growth of the orthopedic trauma devices market size in the US?
- What are the challenges to market growth?
- Who are the key vendors in the orthopedic trauma devices market in the US?
- What are the market opportunities and threats faced by the vendors in the orthopedic trauma devices market in the US?
- Trending factors influencing the market shares of the US.
- What are the key outcomes of the five forces analysis of the orthopedic trauma devices market in the US?
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