The global orthopedic trauma devices market size was valued at US$ 8.9 Billion in 2021 and is expected to reach US$ 15.5 Bn by 2027, growing at a CAGR of 7.8% over the forecast period.
Orthopedic trauma refers to injuries mostly affecting the skeletal systems of humans, which restricts the person's easy mobility and lowers their quality of life. Orthopedic trauma problems range from minor fractures to serious, life-threatening wounds brought on by mishaps or other tragic incidents. Screws, plate systems, nail systems, and specialized implants are among the many tools and equipment that are used in reconstructive procedures (such as internal fixator devices and external fixator devices). Stainless steel and titanium are the most popular materials used to make orthopedic trauma devices. The global Orthopedic Trauma Devices market is predicted to develop significantly as the occurrence of simple fractures and serious life-threatening injuries rises. Additionally, a significant element driving the expansion of the market for orthopedic trauma devices is the rise in accidents and other fatalities, as well as the trauma related to slip and fall accidents, traffic accidents, osteoarthritis, and orthopedic sports injuries. Orthopedic trauma devices are essential in the surgical treatment of traumatic orthopedic injuries. The global market for orthopedic trauma devices has been expanding significantly over the past few years as a result of the startling rise in traffic accidents and severe fracture rates around the world.
Jul. 20, 2020: Orthofix Receives FDA Clearance and CE Mark for the JuniOrtho Plating System --
Orthofix Medical Inc. (NASDAQ:OFIX), a global medical device company focused on musculoskeletal healing products, today announced it has received the U.S. Food and Drug Administration (FDA) 510(k) clearance and European CE Mark approval for the JuniOrtho® Plating System. Created specifically for pediatric patients, this innovative fixation system is designed to address the demands of advanced deformity and trauma reconstruction of the lower extremities.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
North America currently dominates the worldwide Orthopedic Trauma Devices market in terms of revenue share, and it is anticipated that this trend will continue throughout the forecast period. This dominance is caused, among other things, by recent product approvals for orthopaedic trauma devices and the increased prevalence of orthopaedic illnesses in the area. Additionally, the expansion of the regional market for orthopaedic trauma devices will be aided by increased research and development in the field as well as increased use of the devices throughout North America. Furthermore, increased sports injuries in the United States are likely to push the Orthopedic Trauma Devices market. Moreover, due to the increased presence of key players in the Asia-Pacific region, there is an increasing need for Orthopedic Trauma Devices in these regions, which will drive the Orthopedic Trauma Devices market growth.
The Orthopedic Trauma Devices 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 Orthopedic Trauma Devices Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 7.8% over the forecast period (2022-2027) |
By Type |
|
By Application |
|
By Companies | DePuy Synthes, Smith & Nephew, B. Braun Melsungen, DJO Global, Globus Medical, BioPro, Image Ortho Surgical, Integra LifeSciences, Acumed, Orthofix, VILEX IN TENNESSEE, Wright Medical, Medtronic, Inc., Invibio Ltd., OsteoMed, Weigao Group Co Ltd., Arthrex, Inc., Johnson & Johnson Company, CONMED, Tornier, Inc., Stryker Corporation, Zimmer Holding Inc., NuVasive, Medartis, Olympus Corporation |
Regions Covered |
|
Countries Covered |
|
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 158 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Orthopedic Trauma Devices Market?
The Orthopedic Trauma Devices Market is growing at a CAGR of 7.8% over the next 5 years.
Who are the key players in Orthopedic Trauma Devices Market?
DePuy Synthes, Smith & Nephew, B. Braun Melsungen, DJO Global, Globus Medical, BioPro, Image Ortho Surgical, Integra LifeSciences, Acumed, Orthofix, VILEX IN TENNESSEE, Wright Medical, Medtronic, Inc., Invibio Ltd., OsteoMed, Weigao Group Co Ltd., Arthrex, Inc., Johnson & Johnson Company, CONMED, Tornier, Inc., Stryker Corporation, Zimmer Holding Inc., NuVasive, Medartis, Olympus Corporation
What are the significant types of Orthopedic Trauma Devices Market?
Internal Fixation Trauma Devices, External Fixation Trauma Devices
What are the major end-use applications of Orthopedic Trauma Devices Market?
Hospitals, ASCs
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
Reach us with your research requirements and we shall provide the optimum solution to suit your needs.
Discounts available for multiple report purchases.