The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest trauma fixation devices and equipment market share.
The global trauma fixation devices and equipment market is expected to grow from $8.44 billion in 2022 to $8.99 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The global trauma fixation devices and equipment market size is expected to grow from $10.95 billion in 2027 at CAGR of 5.1%.
Major Driver In The Trauma Fixation Devices And Equipment Market – Increase In Number Of Road Accidents And Sports Injuries
According to the WHO, roughly 1.35 million people die each year as a result of traffic accidents. In addition, between 20 and 50 million people suffer non-fatal injuries that leave them disabled. According to the National Safety Council (NSC), the most injuries were caused by exercise and the usage of exercise equipment (526,000). Basketball players reported 500,000 injuries, while biking sports specialists reported 457,000 injuries and football players reported 341,000 injuries. During the forecast period, the significant growth in traffic accidents and sports injuries is likely to boost the trauma fixation devices and equipment market.
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Key Trauma Fixation Devices And Equipment Market Segments
1) By Type: Internal Fixation Devices, External Fixation Devices
2) By End User: Hospitals, Trauma Centers, Ambulatory Surgical Centers
3) By Product Type: Metal Plates and Screws, Pins/Wires, Nails and Rods, Circular Fixator, Hybrid Fixator, Unilateral Fixator
Recent Trauma Fixation Devices And Equipment Market Trend – Strategic Partnership And Collaboration
Due to the existence of a large number of vendors in the market, companies are forming strategic partnerships with corporations and research institutes in order to maintain market dominance and expand into new geographies. For example, Zimmer Biomet, a US-based medical equipment business, established an unannounced partnership with OSSIS in July 2021. This collaboration enables Zimmer Biomet to provide a large network of orthopaedic surgeons the option of patient-specific implants created using a combination of clinical and engineering expertise.
Trauma Fixation Devices And Equipment Market Prominent Players
Major players in the trauma fixation devices and equipment market are Zimmer Biomet Holding Inc., Stryker Corporation, DePuy Synthes, Smith & Nephew, B. Braun Melsungen AG, Medartis Holding AG, Arthrex Inc., Depuy Synthes (J&J), and Medtronic PLC.
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The Trauma Fixation Devices And Equipment Global Market Report 2023 provides a comprehensive overview on the trauma fixation devices and equipment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the trauma fixation devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Trauma fixation devices and equipment are used to support fractured bones by aligning, stabilising, and immobilising them.
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