The latest research study “Trauma Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global trauma products market size reached US$ 7.91 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.94 Billion by 2027, exhibiting a growth rate (CAGR) of 6.75% during 2022-2027.
Trauma represents a condition in which a body is injured, damaged, or dislocated by external forces, such as burns, sprains, fractures, and strains. Trauma products are composed of implants, innovative instruments, and technologies designed to ensure patients with musculoskeletal injuries have a successful outcome. Metal plates, rods, screws, pins, and wires are commonly used as internal fixators for treating trauma, while external fixators contain stabilizing frames for bones broken in an accident. These components are made of metal alloys or metals, including nickel, cobalt, chromium, and titanium. Various injuries that are treated with trauma products include hydrocephalus, infections, hematomas, and fractures of the skull.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Trauma Products Market Trends and Drivers:
The escalating incidences of degenerative bone diseases, such as osteoporosis, Paget’s disease, rheumatoid arthritis, and osteoarthritis, and the rising geriatric population that is susceptible to developing these illnesses are among the primary factors driving the trauma products market. Besides this, the emerging trend of minimally invasive surgeries and the launch of several policies by the government bodies to supply well-equipped instruments to trauma centers are further augmenting the market growth. Moreover, the extensive investments by the leading players in research and development (R&D) activities, collaborations, and mergers and acquisitions (M&A) for the introduction of innovative trauma products are also catalyzing the global market. Apart from this, the growing popularity of orthobiologics and regenerative pharmaceuticals in medical biotechnology is acting as another significant growth-inducing factor. Additionally, the expanding healthcare sector and the inflating expenditure capacities of the consumers are also stimulating the market growth. Furthermore, the elevating prevalence of sports injuries and road accidents is expected to bolster the trauma products market in the coming years.
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Trauma Products Market Report Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Acumed LLC (Colson Medical Inc.), Arthrex Inc., B. Braun Melsungen AG, Citieffe s.r.l, Double Medical Technology Inc., Enovis Corporation, Globus Medical Inc., Johnson & Johnson, Medartis AG, Orthofix Medical Inc., Smith & Nephew plc, Stryker Corporation and Zimmer Biomet.
The report has been segmented the market into following categories:
Breakup by Product:
- Internal Fixators
- Plates
- Screws
- Nails
- Others
- External Fixators
- Unilateral and Bilateral External Fixators
- Circular External Fixators
- Hybrid External Fixators
- Others
Breakup by Surgical Site:
- Upper Extremities
- Hand and Wrist
- Shoulder
- Elbow
- Lower Extremities
- Hip and Pelvic
- Foot and Ankle
- Knee
- Others
Breakup by End User:
- Hospitals and Trauma Centers
- Ambulatory Surgery Center
By Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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