Internal Trauma Fixation Device Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Depuy Synthes, Stryker, Smith & Nephew, Wright Medical

The global Internal Trauma Fixation Device market reached a value of US$ 8,890.20 million in 2021. Looking ahead, the market is expected to reach $ 12,802.14 million by 2027, growing at a CAGR of 5.50% between 2022 and 2027.

Internal Trauma Fixation Device Market Overview

Internal trauma fixation devices are used to repair and stabilize severe bone fractures and dislocations. There are two different categories of fixation devices: internal and exterior. Internal fixation devices are placed inside the body of the patient to maintain the patient's bearing load during the healing process and to give the patient's shattered bone the right shape. External fixation devices are hardware elements that support and secure the underlying bone when utilized with other elements like bolts and wires. Internal trauma fixing devices also help bones heal more quickly and recover improperly. By preventing shattered bones from moving, these devices hasten the process of fixing broken bones. Devices for internal trauma fixation are made of titanium, steel, or steel and nickel alloys. Due to their corrosion resistance and ability to be adjusted to the bone structure, these devices are secure.

The market for internal trauma fixation devices is anticipated to expand significantly during the course of the projection. The increase can be ascribed to a number of variables, including an increase in the prevalence of disorders like osteoporosis and an increase in the incidence of orthopedic ailments together with an ageing population. Additionally, the expansion of healthcare institutions around the world fuels the industry. The lack of experienced workers and high cost of the orthopedic implant technique, however, restrain market expansion. Furthermore, during the projection period, it is anticipated that the high market potential in emerging economies would present lucrative prospects for market expansion.

Industry News and Updates:

26 September 2019: Smith & Nephew Launches TRIGEN INTERTAN Fracture Nail Assurance Program--

Smith & Nephew (SNN) launched an INTERTAN Product Assurance (IPA) Program that will reimburse a healthcare facility for the cost of the TRIGEN™ INTERTAN™ Intertrochanteric Hip Fracture Nail if it fails to perform as expected. The company estimates that hip fracture care has an annual cost of $12BB to $15BB to the healthcare system and an average reoperation rate of 6.6%. The IPA Program is intended to help mitigate this expense by potentially reducing the overall reoperation rate. Under the program, SNN will refund the cost of the implant to the facility for 12 months following the procedure.

What are the major Applications, Types and Regions for Internal Trauma Fixation Device Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Internal Fixation Groups Plates


• Internal Fixation Screws


• Internal Fixation Nail


• Internal Fixation Others

By Application, it is segmented into

• Upper Extremities


• Lower Extremities

Internal Trauma Fixation Device Market Regional Analysis

North America dominated the Internal Trauma Fixation Devices Market in 2020, accounting for 37.4% of the total, followed by Europe and APAC. The main drivers of growth in this area are an ageing population that is more likely to need orthopaedic surgery and rising health concerns. Additionally, it is anticipated that the presence of numerous internal trauma fixation device manufacturers in this area, who heavily invest in research, together with the accessibility of technologically advanced devices, will fuel market expansion. However, the region with the greatest market development is expected to be Asia Pacific because of the region's expanding population, increasing desire for better healthcare, and more government spending in this area.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Internal Trauma Fixation Device Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Internal Trauma Fixation Device Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Internal Trauma Fixation Device Market report scope?

Key Takeaways from this Internal Trauma Fixation Device Market Report

• Evaluate Internal Trauma Fixation Device market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Internal Trauma Fixation Device market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Internal Trauma Fixation Device Market?

The Internal Trauma Fixation Device Market is growing at a CAGR of 5.50% over the next 5 years.

Who are the key players in Internal Trauma Fixation Device Market?

Depuy Synthes, Stryker, Smith & Nephew, Wright Medical, Orthofix, Zimmer Biomet, Lima Corporate, B Braun, Medtronic, MicroPort, Aap Implantate, Globus Medical, NuVasive, Tornier, Johnson & Johnson (Depuy Synthes), Medartis, Orthopaedic Implant Company, Osteomed

What are the significant types of Internal Trauma Fixation Device Market?

Internal Fixation Groups Plates, Internal Fixation Screws, Internal Fixation Nail, Internal Fixation Others

What are the major end-use applications of Internal Trauma Fixation Device Market?

Upper Extremities, Lower Extremities

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