Global Internal Trauma Fixation Devices Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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The internal trauma fixation devices market size has grown significantly in recent years, with projections indicating an increase from $9.74 billion in 2023 to $10.36 billion in 2024, at a CAGR of 6.4%. This historical growth can be attributed to the rise in ambulatory surgical procedures, supportive reimbursement policies in the healthcare system, increased demand for medical devices, lower labor costs, and rising disposable income. The market is expected to continue its strong growth, reaching $13.35 billion in 2028 at a CAGR of 6.6%. This anticipated growth during the forecast period is driven by improved accessibility to advanced devices, heightened awareness regarding the benefits of advanced internal trauma fixation devices, a focus on patient outcomes, increased healthcare expenditure, and ongoing development of healthcare infrastructure. Major trends expected to emerge during the forecast period include the integration of 3D printing technology, greater adoption of bioabsorbable fixators, enhanced healthcare insurance coverage for fracture fixation procedures, collaborative research efforts between orthopedic surgeons and researchers, and a focus on sustainability and biocompatibility in the development of implants.
The rise in orthopedic disease incidences is projected to drive growth in the internal trauma fixation market. Orthopedic diseases, including osteoarthritis, affect the musculoskeletal system, with increasing incidents attributed to longer lifespans, rising obesity rates, and more sports-related injuries. Internal trauma fixation devices play a crucial role in orthopedic care, aiding in the proper alignment of fractured bones. According to the Australian Institute of Health and Welfare, as of May 2024, hospitalizations for osteoarthritis in the 50 to 54 age group rose to 15,628 in 2021-22 from 14,993 in 2019-20. Therefore, the rise in orthopedic disease incidences is driving the internal trauma fixation market’s growth, with a continued upward trend anticipated through 2024 and into 2028.
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What Are The Key Trends That Influence Internal Trauma Fixation Devices Market Share Analysis?
Major players in the internal trauma fixation devices market are advancing fixation devices, such as next-generation intramedullary nailing systems, to enhance surgical outcomes and patient recovery. Next-generation intramedullary nailing systems are advanced medical devices used in orthopedic surgery to stabilize and treat fractures in long bones like the femur and tibia. For instance, in March 2024, Stryker Corporation, a U.S.-based medical technology firm, launched the Gamma4 Hip Fracture Nailing System in the European market. This latest Gamma4 system by Stryker represents a significant advancement in intramedullary nailing systems, specifically designed to treat hip and femur fractures effectively while optimizing surgical workflows for medical professionals. The Gamma system improves upon previous models by refining processes, standardizing procedures, and focusing meticulously on enhancing surgical techniques and usability.
Which Market Players Are Driving Growth In The Internal Trauma Fixation Devices Market?
Major companies operating in the internal trauma fixation devices market are Johnson and Johnson, Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings Inc, Olympus Corporation, Smith and Nephew plc, KARL STORZ SE & Co KG, NuVasive Inc., Conmed Corporation, Globus Medical Inc., Wright Medical Group N.V., Orthofix Medical Inc., KLS Martin SE & Co. KG, Richard Wolf GmbH, Paragon 28 Inc., Corin Medical Holdings, Acumed LLC, Narang Medical Ltd., GPC Medical Ltd., Inion Oy, Vast Ortho Inc, Extremity Medical LLC, Citieffe s.r.l., Bioretec Ltd., Arthrex Inc.
How Is The Global Internal Trauma Fixation Devices Market Segmented?
The internal trauma fixation devices market covered in this report is segmented –
1) By Product: Plates, Nails, Screws, Other Products
2) By Material Type: Stainless Steel, Titanium Alloy, Bioabsorbable
3) By Application: Lower Extremity, Upper Extremity
4) By End-Use: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
Read The Full Internal Trauma Fixation Devices Market Report Here
The Internal Trauma Fixation Devices Global Market Report 2024 provides an overview of the internal trauma fixation devicesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The internal trauma fixation devices market forecast analyzes internal trauma fixation devices market size, internal trauma fixation devices market share, leading competitor and their market positions.
The Table Of Content For The Internal Trauma Fixation Devices Market Include
1. Internal Trauma Fixation Devices Market Executive Summary
2. Internal Trauma Fixation Devices Market Segments
3. Internal Trauma Fixation Devices Market Size And Template Market Growth Rate
4. Key Internal Trauma Fixation Devices Market Trends
5. Major Internal Trauma Fixation Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Internal Trauma Fixation Devices Market
26. Top Internal Trauma Fixation Devices Companies
27. Internal Trauma Fixation Devices Market Opportunities And Strategies
28. Internal Trauma Fixation Devices Market, Conclusions And Recommendations
29. Appendix
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