Orthopedic Trauma Devices Market Revenue, Driving Factors, Key Players, Strategies, Trends, Forecast Till 2027
Research Reports
Apr 12, 2022
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Market Research Future (MRFR) studied the global orthopedic trauma devices market 2021 for the review period till 2022. According to MRRF study, the orthopedic trauma devices market is expected to register 8?GR during the analysis tenure. By 2022, the market of orthopedic trauma device can earn substantial revenue.
Drivers and Restrains Impacting Orthopedic Trauma Devices Market
Rise in number of trauma cases associated with road accidents and related causes can fuel the orthopedic trauma device market growth. Increase in geriatric people also contribute to the growth of the worldwide orthopedic trauma devices market owing to the high susceptibility of the group to bone fractures resulting from orthopedic complications. The rising number of people that are interested in some type of sport owing to the increase in awareness about one’s health status, can accelerate injuries that are associated with sport. Thus, can have a knock-on effect on the size of the global market orthopedic trauma device market. In addition, a handful of companies involved in the marketing and development of orthopedic trauma devices are observed to lead to the market and open growth opportunities.
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On the flip side, the market of orthopedic trauma is not without challenges. The healthcare infrastructure across developing economies required funding to emerge as a robust setup that can impede the market rise. However, on the bright side, the healthcare industry is witnessing new applications of 3D printing in orthopedic and subsequent trending of 3D printed implants can promote the market upsurge. The orthopedic trauma devices market is expected to attain massive revenues in the years to come owing to the rise in cases of reverse shoulder arthroplasty.
Segment Study of Orthopedic Trauma Devices Market
The global orthopedic trauma device market’s segment study is basis on end-users, material type, and product type.
The material type-based segments of the orthopedic trauma device market are non-absorbable materials and bio-absorbable materials among others. Bio-absorbable implants are used in orthopedic surgery can underpin the growing traction of such materials among orthopedic surgeons. Consistent development and innovation have given significant thrust to the segment of bio-absorbable material of the market.
The product types-based segments of the global orthopedic trauma device market are patient specific implants, screws, and plates among others. The market of orthopedic trauma device market is expected to hold a massive share of the overall market owing to a several applications orthopedic surgeries and presence of favorable reimbursement policies. In addition, benefits of orthopedic screws make them favorable in non-interference with MRI, implant removal, and decreased incidence of graft laceration, thus can influence the market.
The end-user segment of the market of global orthopedic trauma device are hospitals, clinics and rehabilitation centers among others. The segment of hospital, following the clinics segment, is expected to register decent growth pace.
Regional Analysis of Orthopedic Trauma Devices Market
Globally, North America is expected to occupy the largest market share of global orthopedic trauma devices market and secure its hegemony throughout the forecast term. The soaring utility of bio-absorbable plates can fuel the orthopedic trauma devices market in North America. The region is expected to witness robust sales of hybrid screws and plates that can work in favor of market in years to come. Intramedullary nails are gaining traction in orthopedic surgeries due to their surging popularity as the ideal orthopedic trauma device.
The Asia Pacific region is expected to rise at a healthy CAGR by 2022. The expanding market of orthopedic trauma device in developing nations can be attributed to the flourishing medical tourism. Moreover, the increasing preference for minimally invasive fixation can provide thrust to the rise of the regional market.
In Europe, the market can experience a positive outlook in terms of growth dynamics that be attributed to producers that are consistently investing in research projects and development (R&D) activities to launch innovative and devices with greater efficacy to cater to rising demand. The presence of a large number of R&D activities can ensure several growth opportunities in the forecast term. Moreover, surge in awareness regarding the availability of innovative products can push the market rise in the Europe region.
Key Players of Orthopedic Trauma Devices Market
Invibio (UK), DePuy Synthes Companies, BIOTEK (India), Auxein Medical (India), Ortho Max Manufacturing Company Pvt. Ltd., Smith & Nephew, Stryker, MEDTRONIC, B. Johnson & Johnson Services, Inc. (US), and Braun Melsungen AG are some reputed companies in the orthopedic trauma devices market that are recognized by MRFR.
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