Trauma Fixation Devices And Equipment Market Growth Analysis Till 2030 By The Business Research Company
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The trauma fixation devices and equipment market is expected to grow from $6.57 billion in 2021 to $9.63 billion in 2026 at a rate of 8%. The global trauma fixation devices and equipment market size is then expected to grow at a CAGR of 8.0% from 2026 and reach $138.36 billion in 2031.
The trauma fixation devices and equipment market consist of sales of trauma fixation devices and equipment and related services.
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Trauma Fixation Devices And Equipment Market Driver
The rising incidences of osteoporosis will support the growth of the trauma fixation devices and equipment market during the forecast period. Osteoporosis causes bones to become weak and brittle, so fragile that even minor stressors like leaning over or coughing can result in a fracture. Most osteoporosis-related fractures occur in the hip, wrist, or spine. With rising life expectancy, increasingly sedentary lifestyles, and an increase in the prevalence of obesity, the world is seeing an increase in orthopedic disorders as a natural corollary. Internal trauma fixation devices are used to repair and stabilize severe bone dislocations and fractures. Internal fixation devices are utilized inside the human body to provide the correct shape to the patient’s broken bone and to sustain the patient’s bearing load during the recovery period.
Trauma Fixation Devices And Equipment Market Trends
The development of technologically newer and successful trauma fixation devices and equipment can play a major role in saving more lives and reducing morbidity. Artificial intelligence (AI) can provide accurate analysis and improve surgical outcomes of patients undergoing orthopedic surgery. Local trauma care and regional trauma systems are data-rich environments ripe for machine learning, artificial intelligence, and big-data analytic methods to increase timely access to care, monitor results, and improve care quality. These methods may be used to estimate patient flow at individual facilities, allowing staffing models to be tailored to the workflow. Artificial intelligence has also been demonstrated to be effective in the construction of regional trauma systems as a tool for determining the ideal site of a new trauma center based on trauma-patient geographic injury data and for minimizing response times across the trauma network.
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Opportunities And Recommendations For The Trauma Fixation Devices And Equipment Market
Opportunities – The top growth potential in the trauma fixation devices and equipment market by device type will arise in the internal fixation devices market. The top growth potential in the trauma fixation devices and equipment market by product type will arise in metal plates and screws market. The top growth potential in the trauma fixation devices and equipment market by end user will arise in hospitals market. The trauma fixation devices and equipment market size will gain the most in the USA.
Recommendations – The Business Research Company recommends the trauma fixation devices and equipment market companies to focus on the implementation of artificial intelligence and robotics technologies, the development of holomedicine, biodegradable implants, and 3D printed implants, and strategic partnerships between companies.
Major Players And Regions Of The Trauma Fixation Devices And Equipment Market
Major players in the trauma fixation devices and equipment market are Johnson & Johnson, Stryker Corporation, Smith & Nephew plc, Zimmer Biomet Holdings, Medtronic Inc.
North America was the largest region in the trauma fixation devices and equipment market and South America and the Asia Pacific are expected to be the fastest-growing region in the forecast period.
The Trauma Fixation Devices And Equipment Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the trauma fixation devices and equipment market.
Trauma Fixation Devices And Equipment Market Segmentation By The Business Research Company
1) By Device Type: Internal Fixation Devices, External Fixation Devices
2) By Product Type: Metal Plates And Screws, Pins/Wires, Nails And Rods, Circular Fixator, Hybrid Fixator, Unilateral Fixator
3) By End-User: Hospitals, Trauma Centers, Ambulatory Surgical Centers
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