According to the latest report by IMARC Group “Internal Trauma Fixation Device Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global internal trauma fixation device market size reached US$ 9.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.6 Billion by 2027, exhibiting a growth rate (CAGR) of 5.07% during 2022-2027.
Internal trauma fixation devices are medical equipment used in treating fractured bones by stabilizing or limiting their movement. They are generally made using corrosion-resistant materials, such as polyether ether ketone (PEEK), nitinol, titanium, stainless steel, nickel, and tritium, depending on the bone structure. They are extensively utilized in hospitals, orthopedic surgical centers, and trauma and ambulatory centers across the globe.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The increasing number of individuals with chronic medical conditions like orthopedic disorders, along with the rising aging population, which is more prone to such ailments, is providing a thrust to the market growth. Moreover, the growing cases of fatal road accidents are catalyzing the demand for polymer-based internal trauma fixation devices as they reduce healing time and stiffness of bone fractures. Other factors, including the implementation of favorable government policies for improving healthcare infrastructure, along with extensive research and development (R&D) activities in the field of biotechnology, are creating a positive outlook for the market.
Breakup by Product:
- Closure Device
- Plates and Screws
- Clips and Pins
- Rods and Nails
- Bone Cement
Breakup by Material:
- Stainless Steel
- Polyether Ether Ketone (PEEK)
Breakup by End User:
- Orthopedic Surgical Centers
- Trauma Centers
- Ambulatory Centers
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Arthrex Inc.
- B. Braun Melsungen AG
- Globus Medical Inc.
- Johnson & Johnson Private Limited
- Medartis AG
- Orthofix Medical Inc.
- Orthopaedic Implant Company
- OsteoMed (Berkshire Hathaway Inc.)
- Smith & Nephew plc
- Stryker Corporation
- Zimmer Biomet.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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