Orthopedic Trauma Devices Market Research Report -Forecast to 2027

Orthopedic Trauma Devices Market Size, Trends and Growth Analysis By Material Type (Bioabsorbable Materials, Non-Absorbable Materials), Product Type (Internal Fixator, External Fixator), End-User (Hospitals, Clinics, Orthopedic Centers)- Forecast Till 2027

ID: MRFR/MED/1548-HCR | February 2021 | Region: Global | 90 pages         

Orthopedic Trauma Devices Market

Orthopedic Trauma Devices Market is expected to grow at a CAGR of 6.9% during the forecast period.

Segmentation

By Material Type Bioabsorbable Materials Non-Absorbable Materials
By Product Type Internal Fixator External Fixator
By End-User Hospitals Clinics Orthopedic Centers

Key Players

  • NVIBIO (UK)
  • BIOTEK (India)
  • DEPUY SYNTHES Companies
  • Ortho Max Manufacturing Company PVT. Ltd.
  • AUXEIN Medical (India)
  • Stryker
  • Johnson & Johnson Services Inc. (US)
  • Smith & Nephew
  • MEDTRONIC
  • Braun MELSUNGEN AG

Drivers

  • Rising number of accidents
  • Increased commonness of arthritis among the population
Speak to Analyst Request a Free Sample

Orthopedic Trauma Devices Market Overview:


The orthopedic trauma devices are devices used to treat traumatic orthopedic injuries such as distal radius fracture, stress fractures, rotator cuff tear, shoulder dislocation, meniscus tear, anterior cruciate ligament (ACL) tear, and others. Orthopedic trauma is those conditions related with injuries which usually affect the joints, ligaments, tendons, muscles and another part of the body. These devices are used for the fractures of the skeletal system. These types of injuries pose a life-threatening situation for the patient and in some cases although the person is not in imminent danger but still needs the urgent attention of the doctor. Orthopedic trauma helps in treating injuries whether they are life-threatening or minor bone fractures. These trauma devices are also used in supporting the joints of legs and elbows of aged people so that they can carry out their work smoothly.


The orthopedic trauma devices market share is expected to register an approximate CAGR of 8% during the forecast period.


COVID-19 ANALYSIS 


The coronavirus pandemic has given a very hard time to most of the manufacturing, developing, production, and logistic units of the market. Due to this pandemic situation, restrictions were imposed by the government of different countries. This Covid-19 situation is anticipated to pull down the growth of the orthopedic trauma devices market as there is a decrease in the admission of patients for orthopedic ailments due to restricted movement.


Also with the imposition of lockdown restrictions very few people are going out of their houses and there is a decrease in road accidents which is another factor responsible for the downfall of orthopedic trauma devices market growth. But there is a ray of hope that with the relaxations in lockdown restrictions the orthopedic trauma devices market will recover all its losses within a small period. Soon the market growth will accelerate. 


MARKET DYNAMICS


DRIVERS


The rising number of accidents is the key factor that is driving the orthopedic trauma devices market growth. Also, the severe fracture incidences that are occurring at a rate of 75% all around the world are another factor responsible for the orthopedic trauma devices market growth. According to the reports of the Association for Safe International Road Travel (ASIRT), about 20 to 50 million people are injured due to road accidents every day. Also with recent technological advancements, there is a change in procedures of conducting surgeries quickly with very little chance of any side effects. Also, the increased commonness of arthritis among the population is another factor responsible for orthopedic trauma devices market growth.


RESTRAINTS


Orthopedic trauma devices are very expensive, so most people around the world cannot afford them so this factor may hamper the orthopedic trauma devices market growth. Secondly, the lack of awareness among the people about orthopedic trauma device technologies may act as a barrier in the orthopedic trauma devices global market growth. The concept of double surgery is another factor that can hinder the orthopedic trauma devices industry growth to a certain able extent. Lastly, the absence of health insurance policies in developing countries like China and India will hold the orthopedic trauma devices market growth for some time. 


TECHNOLOGY ANALYSIS


The orthopedic trauma devices play a major role in surgical treatments of orthopaedic traumatic injuries. Titanium is becoming the choice of surgeons in every region of the world. Also, the decreasing cost of titanium is another factor of it being preferred by most doctors all around the world. The surgical treatment of bone diseases is done by devices, implants and instruments made up of DEPUY SYNTHES. Most of the prime players of this market develop, produce and advertise products that are used for surgical fixation, correction, and resurrection of the skeleton and other soft tissues. With the increase in technological advancements, approximately 2.3 million procedures are performed while making use of Orthopaedic Trauma Devices. Most of these procedures are performed in the hip, wrist, ankle, hand, and forearm. Also with an increase in technological advancement in 3D printing due to which reverse shoulder ARTHROPLASTY can be done more precisely  


STUDY OBJECTIVES



  • To consider the viewpoint of various industry experts and leaders and predict compound annual growth rate and orthopedic trauma devices market growth rate by the end of the global orthopedic trauma devices market forecast in 2023.

  • To highlight a competitive orthopedic trauma devices market outlook and examine the yield models of key market players, worldwide. 

  • To observe the various market dynamics like trends, drivers, and restraints that are most probable to play a role in helping the orthopedic trauma devices market and its different segments growing in the Indian domestic orthopedic trauma devices market. 


ORTHOPEDIC TRAUMA DEVICES MARKET SEGMENT OVERVIEW


Orthopedic Trauma Devices market share is anticipated to witness significant growth owing to the performance of different market segments. Among these segments, the plates and screw segment will be the fastest-growing and also contribute towards the Orthopaedic Trauma Devices market more than any other segment. The reason behind it is that these products are used in most orthopedic surgeries and have a high rate of usage. For an amplifying use the Orthopaedic Trauma Devices market is segmented into the following on different bases:



  1. Based on material type, it has bioabsorbable materials and non-absorbable materials.

  2. The bioabsorbable material is further divided into Polyglycolic Acid (PGA), Polylactic Acid (PLA), and others.

  3. And the non-absorbable material is further divided into titanium, stainless steel, and others

  4. Based on product type, it has an internal fixator and an external fixator.

  5. The internal fixator is further divided into screws, plates, nails, patient-specific implants, and others.

  6. The external fixator is further divided into rigid casts, unilateral frames, circular frames, and others.

  7. Based on end-user, it has hospitals and clinics, ambulatory surgical centers, orthopedic centers, and emergency departments,


ORTHOPEDIC TRAUMA DEVICES MARKET REGIONAL ANALYSIS


The Orthopaedic Trauma Devices market industry movements are remarkably working in 5 major regions of the world that is North America, Asia Pacific, Africa, South America, and the Middle East. Among all these regions, the North American region will dominate the Orthopaedic Trauma Devices market. The reason attributed to this growth is increasing the number of accidental injuries in this region. Also, the rising adoption of technologically advanced implants and increasing expenditure on healthcare will contribute to the growth of this market in this region. Europe will be the second-largest market of Orthopaedic Trauma Devices industry owing to the increasing health burden of injuries in this region. It is estimated that Europe spends about 80 billion every year on treating injuries and such massive expenditure will influence the orthopedic trauma devices market growth in this region. Due to the increase in the number of elderly people the market of Orthopaedic Trauma Devices in the Asia Pacific region will witness tremendous growth. Africa and the Middle East will have the least share in the Orthopaedic Trauma Devices market due to poor economies and strict government regulations. 


ORTHOPEDIC TRAUMA DEVICES MARKET- COMPETITIVE LANDSCAPE


To get a detailed and profound idea about the Orthopaedic Trauma Devices market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the country. . All the orthopedic trauma devices market players are competing with each other globally in the international markets by implementing various types of strategies such as product launches and upgradations, mergers and acquisitions, partnerships, etc. The prime players of the Orthopaedic Trauma Devices market include:-



  • NVIBIO (UK)

  • BIOTEK (India)

  • DEPUY SYNTHES Companies

  • Ortho Max Manufacturing Company PVT. Ltd.

  • AUXEIN Medical (India)

  • Stryker 

  • Johnson & Johnson Services, Inc. (US)

  • Smith & Nephew

  • MEDTRONIC

  • Braun MELSUNGEN AG

  • Zimmer Holding Inc.

  • Integra Life Sciences Corporation 


RECENT DEVELOPMENTS



  • A key manufacturer of orthopedic trauma devices Zimmer Biomet has entered into a partnership with a Swedish medical device firm in BACTIGUARD that provides solutions for the prevention of infections. Zimmer natural nail (ZNN) BACTIGUARD implants have been launched by this joint venture which will be available across the world.

  • An ultrasonic surgical system named Oscar Pro Ultrasonic ARTHROPLASTY Revision System was launched by ORTHOFIX Medical in the USA and Europe. This product was launched to extend functionalities and remove some stiffness involved in complex joint surgeries 


INTENDED AUDIENCE



  • Hospitals

  • Ambulatory centers

  • Government and private laboratories

  • Research and Development (R&D) companies

  • Medical research laboratories

  • Market research and consulting service providers 


REPORT OVERVIEW


The Orthopaedic Trauma Devices market report presents a shift analysis that includes orthopedic trauma devices market drivers, opportunities, and restraints that are available in the global orthopedic trauma devices market. The report discusses the impact of covid-19 on the key players of the market. The report also tells about the market segmentation on a different basis and how a competitive environment is developed among the key players around the globe. At last, the report presents some recent developments in the field of the Orthopaedic Trauma Devices market.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   8% (2018-2022)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material Type, Product Type, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Invibio (UK), BIOTEK (India), DePuy Synthes Companies, Ortho Max Manufacturing Company Pvt. Ltd., Auxein Medical (India), Stryker, Johnson & Johnson Services, Inc. (US), Smith & Nephew, MEDTRONIC, B. Braun Melsungen AG, Zimmer Holding Inc, Integra LifeSciences Corporation, and others.
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • High incidences of road accidents
  • Technological advancements
  • Increase in adoption of minimally invasive surgical procedures
  • Increased prevalence of osteoarthritis, and orthopedic sports injury


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    orthopedic trauma devices market is projected grow at 8% CAGR during the assessment period (2016-2022).

    Increasing geriatric populaces, ttechnological advances, and increasing road accidents and sport injuries are the major tailwinds pushing the growth of the orthopedic trauma devices market.

    The bio-absorbable materials segment holds the largest share of the orthopedic trauma devices market.

    North America holds the largest share in the orthopedic trauma devices market, followed by Europe and the Asia Pacific, respectively.

    BIOTEK (India), Invibio (UK), DePuy Synthes Companies, Auxein Medical (India), Ortho Max Manufacturing Company Pvt. Ltd., Stryker, Smith & Nephew, Johnson & Johnson Services, Inc. (US), B. Braun Melsungen AG, and MEDTRONIC, are some of the major players operating in the orthopedic trauma devices market.