Trauma Fixation Device market will register a 4.5% CAGR in terms of revenue, the global market size will reach $ 8790.9 million by 2027, from $ 7382.8 million in 2020. In particular, this report presents the global market share (sales and revenue) of key companies, The proportion of internal fixation screws in 2019 is about 75% and The proportion of lower extremities in 2019 is about 65%.
The Trauma Fixation Devices Market is predicted to develop at a CAGR of about 4.5% from 2022 to 2027, with a market value of USD 7382.8 million in 2020. Companies are developing technologically improved goods in order to meet the increased need for trauma fixation devices while also gaining market share. Drug-eluting implants, bioresorbable implants, and nano-coated devices, among other technologically advanced goods, have considerably boosted the use of trauma fixation devices in surgery centres and hospitals. Trauma fixation devices have experienced revolutionary technological and user-friendliness modifications, resulting in increased market growth.
Trauma Fixation Device Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global 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. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
The report also assesses the key opportunities in the Trauma Fixation Device market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Trauma Fixation Device Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Zimmer Biomet Announces First Quarter 2022 Financial Results
ARSAW, Ind., May 3, 2022 /PRNewswire/ -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) today reported financial results for the quarter ended March 31, 2022. The Company reported first quarter net sales from continuing operations of $1.663 billion, an increase of 3.9% over the prior year period, and an increase of 6.8% on a constant currency basis. Net earnings from continuing operations for the first quarter were $73.0 million, or $337.4 million on an adjusted1 basis.
Diluted earnings per share from continuing operations were $0.35 for the first quarter, and adjusted diluted earnings per share from continuing operations were $1.61.
"We are encouraged by the better than expected results seen in Q1, driven by COVID recovery and continued execution by the Zimmer Biomet team. This performance increases our confidence level for 2022 and we are raising and tightening our guidance accordingly," said Bryan Hanson, Chairman, President and CEO of Zimmer Biomet. "Our underlying business remains strong, fueled by innovation in our portfolio and an acceleration of our transformation activities. I continue to be proud of how the Zimmer Biomet team is executing against our mission so that we can serve healthcare providers and their patients while delivering value for shareholders."
Trauma Fixation Device Market is segmented based on the type, applications, companies and regions.
By Type, Trauma Fixation Device Market has been segmented into
The end user’s industry application on Trauma Fixation Device Market are,
Regional Analysis:
North America Trauma Fixation Devices is expected to witness a surge in the future. With the emergence of COVID-19, the demand for trauma fixation devices experienced a decline in 2020. This is mainly due to the decline in the load of fracture cases and delayed orthopedic surgeries. But with the activities resumed now, the market is expected to boost in the coming years. In May 2020, Syosset Hospital, United States, resumed performing elective surgeries, including that related to orthopedic and trauma.
The primary factors responsible for the market growth are the increasing number of geriatric patients, the rising burden of osteoporosis and other bone diseases, increasing incidents of burn cases. According to JAMA (The Journal of the American Medical Association), by 2020, approximately 12.3 million individuals in the United States older than 50 years are expected to have osteoporosis, which is expected to drive the market growth over the forecast period.
Furthermore, according to the Centers for Disease Control and Prevention, in May 2020, unintentional injury accounted for 169,936 deaths each year, and unintentional injuries accounted for 39.5 million physician visits and 29.4 million emergency department visits in the United States. Thus, the factors mentioned above are expected to thrive in the market growth in the region.
Reports Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.5% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Depuy Synthes (J&J), Stryker Corporation (NYSE :SYK), Orthofix Medical Inc. (NasdaqGS :OFIX), Smith & Nephew, Wright Medical, Zimmer Biomet, Lima Corporate |
Regions Covered | • North America • Europe • Asia-Pacific • Rest of the World |
Countries Covered | • US • Canada • Germany • France • UK • Italy • Spain • Rest of Europe • China • Japan • India • Australia • South Korea • Rest of Asia-Pacific • Middle East & Africa • Latin America |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 119 |
Customization Available | Yes, the report can be customized as per your needs |
All our reports are customizable 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 to your needs.
What is the study period of this market?
The Trauma Fixation Device Market is studied from 2017 - 2027.
Who are the key players in Trauma Fixation Device Market?
Depuy Synthes (J&J), Stryker Corporation (NYSE :SYK), Orthofix Medical Inc. (NasdaqGS :OFIX), Smith & Nephew, Wright Medical, Zimmer Biomet, Lima Corporate, Aap Implantate, B Braun, Medtronic, MicroPort, Globus Medical, NuVasive, Tornier and others.
What are the significant types of Trauma Fixation Device Market?
Internal Fixation Groups Plates, Internal Fixation Screws, Internal Fixation Nail, Internal Fixation Others, External Fixation, Others
What are the major end-use applications of Trauma Fixation Device Market?
Upper Extremities, Lower Extremities, Others
What segments are covered in the Trauma Fixation Device Market report?
The Global Trauma Fixation Device Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Trauma Fixation Device Market?
The sample report for the Trauma Fixation Device Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
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.
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