Trauma Devices Market Report

Trauma Devices Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022

Format: PDF  |  Report ID: GVR1804

Global trauma devices market is expected to witness a rapid growth over the next seven years due to increasing geriatric population base, adoption of orthopaedic surgery for osteoarthritis and rising number of sports related injury. In addition, increasing fracture cases and rise in demand for better facilities in orthopaedic trauma surgeries is also expected to boost growth rate for trauma devices market. Conventional plate and screw system is now being replaced by new hybrid systems. Earlier the hybrid systems were not used for small fractures and joint problems but they are now being developed by researchers and are adopted by orthopaedic surgeons owing to greater efficiency. Technologically advanced customized implants, tissue engineering and smart implants are further expected to cater lucrative growth to this market. Standard systems are falling wayside and hybrid systems are gaining relatively higher market share. However, high cost of the trauma devices may result in stagnant growth of the market.

The overall global trauma devices market is classified into two segments such as internal fixation devices and external fixation devices. External fixation devices are used up mainly for temporary injuries of fractures and helps in supporting the fractured bones at the time of healing. These devices could be adjusted according to the personal requirement of the patient as they are externally applied. These techniques are usually applied in paediatric cases owing to the under development of the bones. Also, they are applied on the patients whose skin on the fracture is spoilt. Internal fixation devices are used in fixing the fractured bones in proper exact shape by inserting different trauma devices. These trauma devices include hip screws, intramedullary nails, cables, wires, conventional hip screws, cannulated screws and pins & plates. These devices are usually made up of materials such as titanium, stainless steel and cobalt. Internal fixation devices are expected to gain market share owing to various factors such as durability, stability and flexibility of the raw materials which helps in supporting the damaged bones. Additionally, it also reduces inappropriate bone healing and stays in the hospitals.

Geographically, the entire trauma devices market is divided into North America, Europe, Asia Pacific, Latin America and MEA. As of 2014, North America held the largest market share in trauma devices owing to supportive government policies facilitating purchase of these devices. Additionally, rising accidental rates and trauma injuries in this region has also boosted the growth of trauma devices market. Rising awareness among people for better healthcare facilities and geriatric population base has contributed to the growth of trauma devices market in European countries. It is expected that the increase in geriatric population and rise in personal disposable income of people in Asian countries such as India and China will contribute to the growth in these emerging nations. Latin American countries such as Brazil and Mexico are anticipated to register greater market growth for trauma devices owing to improving access to healthcare, higher accident cases and favourable demographics.

Some of the prominent players operating in the trauma devices market are Medtronic Inc., Integra LifeSciences, Bioretec Inc., Tomier Inc., Wright Medical Technology Inc., Smith and Nephew, Advanced Orthopaedic Solutions and other significant players. The trauma devices manufacturers are striving for catering products best suited for specific anatomical locations. The companies are adopting competitive strategies such as research & development, market innovations and various technological advancement techniques in fixation devices for ankle, wrist, foot and hand. The concept of anatomical locations and device innovation poses lucrative market opportunities for newly established small companies. Various major companies in trauma devices market are increasing their investments in manufacturing bioabsorbable fixation devices which speed up the healing process due to more localized high concentration of drugs. Dynamic market is promoting various mergers & acquisitions and partnerships between large companies with broad distribution channels and small companies with a wide variety of product offerings. There exists significant market opportunities for the companies which are introducing specialized and advanced trauma fixation techniques as surgeons prefer to choose most secure fixation possible.

 

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