According to the current analysis of Reports and Data, the Medical Trauma Devices Market was valued at USD 8,099.8 Million in 2020 and is expected to reach USD 12.93 Billion by the year 2028, at a CAGR of 6.2%. Trauma is referred to as any extreme injury caused due to severe accidents. The injuries caused by trauma include bone fractures or bone breakage and tissue injuries. These injuries are corrected using Medical Trauma Devices, which serve as a replacement for the damaged part of the body. The trauma injuries are caused at an immense level in motor accidents on the road. The increased number of accidents in developing countries has widely driven the market. According to the World Health Organization, 20 to 50 million suffer trauma injuries on roadside accidents, which is a driving factor for the market. Many such injuries require Medical Trauma Devices for treatment and recovery of the body. The geriatric population loses bone density with increasing age, and hence this population is more prone to hip and knee fractures even by a minor accident.
The George Institute for Global Health projects that by 2020, there would be over 20% of Indians over the age of 60 and that there will be 600,000 hip fractures every year. Such occurrences are an essential market key driver. By utilising genetic engineering technology, the research and development industry has produced a number of new cutting-edge instruments that are projected to have a significant impact on the market. Although the usage of Medical Trauma Devices is eagerly anticipated, the market may be constrained by the devices' expensive price. Also, the materials used to make the Medical Trauma Devices are not quickly approved by the government organizations owing to the compatibility and allergy issues of the patients. The material used to make these implants are expected to be highly inert and compatible with the body. Therefore, companies find it difficult to obtain approval for these devices. These factors are expected to be a significant restraint for the market.
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Further key findings from the report suggest
- The upper and lower extremities segments account for a larger market share due to increase in accidents. Sports-related injuries that affect the lower extremities such as the knee, ankle and foot are more in case of children below 18 years.
- Further, FDA has given approval to Nextremity Solution Inc. in January 2020 for its tarsometatarsal joint device (TMT) which is device fixed in the midfoot. The implants are significantly manufactured using color anodized TI-6AI-4V alloy.
- The ortho-biologic products and biodegradable materials used to make these devices are expected to drive the market significantly during the forecast period. Since Medical Trauma Devices are expected to be bio-compatible with the body, innovative products made out of biodegradable material are highly in demand.
- Additive manufacturing or 3-D printing is escalating the development in implants widely. For instance, in May 2019 researchers from Charité Universitätsmedizin, Berlin have introduced a titanium-mesh scaffold that is used to implant in affected bone. The scaffold is 3-D printed filled with patient’s own bone tissue, growth factors and bone replacement material which helps to promote bone regeneration.
- The Asia Pacific is an emerging region for the market with a CAGR of 7.3%. The rise in number of hospitals and ambulatory centers is expected to be the reason for such a fast growth regionally.
- According to the World Health Organization, 20-50 million suffer trauma injuries on road side accidents which is a growth factor for the market. Many such injuries require Medical Trauma Devices for treatment and recovery of the body.
- However, dynamic investments in RD activities pave the way for the introduction of innovative trauma solutions. For instance, Depuy Synthes, a subsidiary of Johnson Johnson (JJ) manufacturing medical devices, invested around USD 1.6 billion in RD activities in 2015.
- The leading players introducing an array of products through extensive research capabilities to expand their product portfolio through partnerships with other players. For instance, in July 2017, Cardinal Health acquired the patient recovery business from Medtronic for USD 6.1 billion. The acquisition helped expand Cardinal Health’s portfolio by adding 23 product categories, including segment leader brands such as Kendall, Curity, Kangaroo, Dover, and Argyle.
Key Players covered in this report are
Siemens, Cardinal Health, , Depuy Synthes (Johnson and Johnson), Acumed LLC, B. Braun Melsungen AG, Integra LifeSciences, Smith Nephew, Zimmer Biomet Holdings Inc., Stryker Corporation.
Type Outlook (Revenue in Million USD; 2018–2028)
- Internal Fixation Devices
- Plates
- Rods Pins
- Intramedullary Nails
- Cannulated Screws
- Compression Hip Screws
- External Fixation Devices
- Circular Fixation Devices
- Uniplanar Biplanar Fixators
- Hybrid Fixators
Surgical site Outlook (Revenue in Million USD; 2018–2028)
- Upper Extremity
- Hand Wrist
- Shoulder
- Arm
- Elbow
- Lower Extremity
- Knee
- Lower Leg
- Foot Ankle
- Hip Pelvis
- Thigh
Composition Outlook (Revenue in Million USD; 2018–2028)
- Bioabsorbable Fixators
- Metallic Fixators
End-User Outlook (Revenue in Million USD; 2018–2028)
- Hospitals
- Ambulatory Surgical Centers
- Others
Geographic Segment Covered in the Report:
The Spinal Medical Trauma Devices report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Major Points covered in this report are as below:
• The Spinal Medical Trauma Devices industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Spinal Medical Trauma Devices Market report provides key statistics on the market status of the Spinal Medical Trauma Devices manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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