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 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 market growth. The concept of double surgery is another factor that can hinder the orthopedic trauma devices market 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 forecast in 2023.

  • To highlight a competitive 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 market and its different segments growing in the Indian domestic 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,


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. 


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 market. The report discusses the impact of covid-19 on the key players of the Orthopaedic Trauma Devices industry. 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 industry.



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


  • 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.

    TABLE OF CONTENT

    Chapter 1. Report Prologue

    Chapter 2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    Chapter 3. Research Methodology

    3.1 Introduction

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    Chapter 4. Market Dynamics

    4.1 Drivers

    4.2 Restraints

    4.3 Opportunities

    4.4 Challenges

    4.5 Macroeconomic Indicators

    4.6 Technology Trends & Assessment

    Chapter 5. Market Factor Analysis

    5.1 Porter’s Five Forces Analysis

    5.1.1 Bargaining Power of Suppliers

    5.1.2 Bargaining Power of Buyers

    5.1.3 Threat of New Entrants

    5.1.4 Threat of Substitutes

    5.1.5 Intensity of Rivalry

    5.2 Value Chain Analysis

    5.3 Investment Feasibility Analysis

    5.4 Pricing Analysis

    Chapter 6. Global Orthopedic Trauma Devices Market, by Material Type

    6.1 Introduction

    6.2 Bioabsorbable Materials

    6.2.1 Polyglycolic Acid (PGA)

    6.2.2 Polylactic Acid (PLA)

    6.2.3 Other

    6.3 Non-Absorbable Materials

    6.3.1 Titanium

    6.3.2 Stainless Steel

    6.3.3 Other

    6.4 Others

    Chapter 7. Global Orthopedic Trauma Devices Market, By Product Type

    7.1 Introduction

    7.2 Internal Fixator

    7.2.1 Screws

    7.2.2 Plates

    7.2.3 Nails

    7.2.4 Patient-Specific Implants

    7.2.5 Others

    7.3 External fixator

    7.3.1 Rigid Casts

    7.3.2 Unilateral Frames

    7.3.3 Circular Frames

    7.3.4 Others

    Chapter 8. Global Orthopedic Trauma Devices Market, by End-Users

    8.1 Introduction

    8.2 Hospitals and clinics

    8.3 Ambulatory Surgical Centers

    8.4 Orthopedic Centers

    8.5 Emergency Departments

    8.6 Others

    Chapter 9. Global Orthopedic Trauma Devices Market, by Region

    9.1 Introduction

    9.2 America

    9.2.1 North America

    9.2.1.1 US

    9.2.1.2 Canada

    9.2.2 South America

    9.3 Europe

    9.3.1 Western Europe

    9.3.1.1 Germany

    9.3.1.2 France

    9.3.1.3 Italy

    9.3.1.4 Spain

    9.3.1.5 UK

    9.3.1.6 Rest of Western Europe

    9.3.2 Eastern Europe

    9.4 Asia-Pacific

    9.4.1 Japan

    9.4.2 China

    9.4.3 India

    9.4.4 Australia

    9.4.5 Republic of Korea

    9.4.6 Rest of Asia-Pacific

    9.5 Middle East & Africa

    9.5.1 United Arab Emirates

    9.5.2 Saudi Arabia

    9.5.3 Oman

    9.5.4 Kuwait

    9.5.5 Qatar

    9.5.6 Rest of the Middle East & Africa

    Chapter 10. Company Landscape

    10.1 Introduction

    10.2 Market Share Analysis

    10.3 Key Development & Strategies

    10.3.1 Key Developments

    Chapter 11 Company Profiles

    11.1 Invibio

    11.1.1 Company Overview

    11.1.2 Type Overview

    11.1.3 Financials

    11.2.4 Key Developments

    11.1.5 SWOT Analysis

    11.2 DePuy Synthes Companies

    11.2.1 Company Overview

    11.2.2 Type Overview

    11.2.3 Financial Overview

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.3 Ortho Max Manufacturing Company Pvt. Ltd

    11.3.1 Company Overview

    11.3.2 Type Overview

    11.3.3 Financial Overview

    11.3.4 Key Development

    11.3.5 SWOT Analysis

    11.4 Auxein Medical

    11.4.1 Company Overview

    11.4.2 Type/Business Segment Overview

    11.4.3 Financial Overview

    11.4.4 Key Development

    11.4.5 SWOT Analysis

    11.5 Stryker

    11.5.1 Company Overview

    11.5.2 Type Overview

    11.5.3 Financial overview

    11.5.4 Key Developments

    11.5.5 SWOT Analysis

    11.6 Johnson & Johnson Services, Inc.

    11.6.1 Company Overview

    11.6.2 Type Overview

    11.6.3 Financial Overview

    11.6.4 Key Developments

    11.6.5 SWOT Analysis

    11.7 Smith & Nephew

    11.7.1 Overview

    11.7.2 Type Overview

    11.7.3 Financials

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.8 MEDTRONIC

    11.8.1 Overview

    11.8.2 Type Overview

    11.8.3 Financials

    11.8.4 Key Developments

    11.8.5 SWOT Analysis

    11.9 B. Braun Melsungen AG

    11.9.1 Overview

    11.9.2 Type Overview

    11.9.3 Financials

    11.9.4 Key Developments

    11.9.5 SWOT Analysis

    11.10 Integra LifeSciences Corporation

    11.10.1 Overview

    11.10.2 Type Overview

    11.10.3 Financials

    11.10.4 Key Developments

    11.10.5 SWOT Analysis

    11.11 Zimmer Holding Inc.

    11.11.1 Overview

    11.11.2 Type Overview

    11.11.3 Financials

    11.11.4 Key Developments

    11.11.5 SWOT Analysis

    11.12 Others

    Chapter 12 Appendix

    LIST OF TABLES

    Table 1 Global Orthopedic Trauma Devices Market Industry Synopsis, 2020-2027

    Table 2 Global Orthopedic Trauma Devices Market Estimates & Forecast, 2020-2027, (USD Million)

    Table 3 Global Orthopedic Trauma Devices Market, by Region, 2020-2027, (USD Million)

    Table 4 Global Orthopedic Trauma Devices Market, by Material Type, 2020-2027, (USD Million)

    Table 5 Global Orthopedic Trauma Devices Market, by Product Type, 2020-2027, (USD Million)

    Table 6 Global Orthopedic Trauma Devices Market, by End-User, 2020-2027, (USD Million)

    Table 7 North America: Prescribed Health Apps Market, by Material Type, 2020-2027, (USD Million)

    Table 8 North America: Orthopedic Trauma Devices Market, by Product Type, 2020-2027, (USD Million)

    Table 9 North America: Orthopedic Trauma Devices Market, by End-User, 2020-2027, (USD Million)

    Table 10 US: Orthopedic Trauma Devices Market, by Material Type, 2020-2027, (USD Million)

    Table 11 US: Orthopedic Trauma Devices Market, by Product Type, 2020-2027, (USD Million)

    Table 12 US: Orthopedic Trauma Devices Market, by End-User, 2020-2027, (USD Million)

    Table 13 Canada: Orthopedic Trauma Devices Market, by Material Type, 2020-2027, (USD Million)

    Table 14 Canada: Orthopedic Trauma Devices Market, by Product Type, 2020-2027, (USD Million)

    Table 15 Canada: Orthopedic Trauma Devices Market, by End-User, 2020-2027, (USD Million)

    Table 16 South America: Orthopedic Trauma Devices Market, by Material Type, 2020-2027, (USD Million)

    Table 17 South America: Orthopedic Trauma Devices Market, by Product Type, 2020-2027, (USD Million)

    Table 18 South America: Orthopedic Trauma Devices Market, by End-User, 2020-2027, (USD Million)

    Table 19 Europe: Orthopedic Trauma Devices Market, Material Type, 2020-2027, (USD Million)

    Table 20 Europe: Orthopedic Trauma Devices Market, by Product Type, 2020-2027, (USD Million)

    Table 21 Europe: Orthopedic Trauma Devices Market, by End-User, 2020-2027, (USD Million)

    Table 22 Western Europe: Orthopedic Trauma Devices Market, by Material Type, 2020-2027, (USD Million)

    Table 23 Western Europe: Orthopedic Trauma Devices Market, by Product Type, 2020-2027, (USD Million)

    Table 24 Western Europe: Orthopedic Trauma Devices Market, by End-User, 2020-2027, (USD Million)

    Table 25 Eastern Europe: Orthopedic Trauma Devices Market, by Material Type, 2020-2027, (USD Million)

    Table 26 Eastern Europe: Orthopedic Trauma Devices Market, by Product Type, 2020-2027, (USD Million)

    Table 27 Eastern Europe: Orthopedic Trauma Devices Market, by End-User, 2020-2027, (USD Million)

    Table 28 Asia-Pacific: Orthopedic Trauma Devices Market, by Material Type, 2020-2027, (USD Million)

    Table 29 Asia-Pacific: Orthopedic Trauma Devices Market, by Product Type, 2020-2027, (USD Million)

    Table 30 Asia-Pacific: Orthopedic Trauma Devices Market, by End-User, 2020-2027, (USD Million)

    Table 31 Middle East & Africa: Orthopedic Trauma Devices Market, by Material Type, 2020-2027, (USD Million)

    Table 32 Middle East & Africa: Orthopedic Trauma Devices Market, by Product Type, 2020-2027, (USD Million)

    Table 33 Middle East & Africa: Orthopedic Trauma Devices Market, by End-User, 2020-2027, (USD Million)

    LIST OF FIGURES

    Figure 1 Research Process

    Figure 2 Segmentation for the Global Orthopedic Trauma Devices Market

    Figure 3 Market Dynamics for the Global Orthopedic Trauma Devices Market

    Figure 4 Global Orthopedic Trauma Devices Market Share, by Material Type 2020

    Figure 6 Global Orthopedic Trauma Devices Market Share, by Product Type, 2020

    Figure 6 Global Orthopedic Trauma Devices Market Share, by End-User, 2020

    Figure 7 Global Orthopedic Trauma Devices Market Share, by Region, 2020

    Figure 8 North America Orthopedic Trauma Devices Market Share, by Country, 2020

    Figure 9 Europe Prescribed Health Apps Share, by Country, 2020

    Figure 10 Asia-Pacific Orthopedic Trauma Devices Market Share, by Country, 2020

    Figure 11 Middle East & Africa Orthopedic Trauma Devices Market Share, by Country, 2020

    Figure 12 Global Orthopedic Trauma Devices Market: Company Share Analysis, 2020 (%)

    Figure 13 Invibio: Key Financials

    Figure 14 Invibio: Segmental Revenue

    Figure 15 Invibio: Geographical Revenue

    Figure 16 DePuy Synthes Companies: Key Financials

    Figure 17 DePuy Synthes Companies: Segmental Revenue

    Figure 18 DePuy Synthes Companies: Geographical Revenue

    Figure 19 Ortho Max Manufacturing Company Pvt. Ltd: Key Financials

    Figure 20 Ortho Max Manufacturing Company Pvt. Ltd : Segmental Revenue

    Figure 21 Ortho Max Manufacturing Company Pvt. Ltd: Geographical Revenue

    Figure 22 Auxein Medical: Key Financials

    Figure 23 Auxein Medical: Segmental Revenue

    Figure 24 Auxein Medical: Geographical Revenue

    Figure 25 Johnson & Johnson Services, Inc.: Key Financials

    Figure 26 Johnson & Johnson Services, Inc.: Segmental Revenue

    Figure 27 Johnson & Johnson Services, Inc.: Geographical Revenue

    Figure 28 Smith & Nephew: Key Financials

    Figure 29 Smith & Nephew: Segmental Revenue

    Figure 30 Smith & Nephew: Geographical Revenue

    Figure 31 MEDTRONIC: Key Financials

    Figure 32 MEDTRONIC: Segmental Revenue

    Figure 33 MEDTRONIC: Geographical Revenue

    Figure 34 B. Braun Melsungen AG: Key Financials

    Figure 35 B. Braun Melsungen AG: Segmental Revenue

    Figure 36 B. Braun Melsungen AG: Geographical Revenue

    Figure 37 Integra LifeSciences Corporation: Key Financials

    Figure 38 Integra LifeSciences Corporation : Segmental Revenue

    Figure 39 Integra LifeSciences Corporation : Geographical Revenue

    Figure 40 Zimmer Holding Inc.: Key Financials

    Figure 41 Zimmer Holding Inc.: Segmental Revenue

    Figure 42 Zimmer Holding Inc.: Geographical Revenue