Trauma Devices Market to Grow with Impressive CAGR During the Forecast Period
Dynamic investments in the research are driving the growth in Global Trauma Devices Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Trauma Devices Market By Type (Internal Fixators {Plates & Screws, Rods & Pins, Others} v/s External Fixators {Uniplanar & Biplanar Fixators, Circular Fixators, Hybrid Fixators}) By Surgical Site (Upper Extremity {Hand & Wrist, Shoulder, Arm, Elbow} v/s Lower Extremity {Hip & Pelvis, Lower Leg, Foot & Ankle, Others}) By End User (Hospitals & Clinics, Ambulatory Care Center, Others) By Region, Competition Forecast & Opportunities, 2026”, the global trauma devices market is projected to grow at an impressive CAGR in the forecast period, 2022-2026. The market attributes responsible for the growth of the market are increasing number of road accidents, active participation of the children and young adults in the adventure ports and physical activities. Moreover, the prevalence of bone diseases among the geriatric population is expected to drive the market growth in the upcoming five years. Trauma devices are one of the clinical medical devices used in trauma care depending on injury severity. The word trauma refers to any form of physical injury caused by some external source, such as fractures, dislocations, sprains & strains and burns. These medical devices are used specifically in long bones deformity cases like fractures. The other areas covered in the trauma devices include upper extremities and lower extremities such as knee, joint, leg, spine, and others.
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The global trauma devices market is segmented by type, surgical site, end user, regional distribution, and competitional landscape. Based on surgical site, the market is majorly divided into upper extremities and lower extremities. Upper extremities are anticipated to hold the larger shares of the market on the account of increasing number of physical and sports activities and traumas caused due to any mishaps during any of those activities. Population under the age of 18 years are actively involved in the physical and sports activities, that has given rise of multipole trauma and such injuries during the play offs, etc. Thereby driving the growth of the market. Moreover, upper extremities include injury to the hand, wrist, shoulder, arm, and elbow and injuries in the limb areas are very common thus supporting the growth of the global trauma devices market.
Lower extremities include hip & pelvis, lower leg, foot & ankle, and others. The market is anticipated to hold the significant shares of the market in the ground of increasing motorbike accidents among the population, that causes severe injuries to the ankle, foot, and thigh. Causes for lower leg injuries can be blunt force trauma and stress in the Achilles tendon, which causes impairment in its functioning. All these factors are majorly driving the growth of the global trauma devices market in the next five years.
Based on end user, the market is further categorized into hospitals & clinics, ambulatory care center, and others. Hospitals & clinics with the availability of the round the clock trauma centers are anticipated to hold the largest shares of the market segment in the upcoming five years on the account of availability of the expensive trauma devices and 24×7 trauma care services for any emergency cases. On the other hand, ambulatory surgery centers are likely to experience the fastest growth over the forecast period as they offer treatment facilities to patients at lower costs and greater flexibility of scheduling as compared to hospitals.
Holding the major shares of the market are Stryker Corporation, Smith & Nephew, Plc., Johnson & Johnson International Inc., Zimmer Biomet Holdings, Inc., Wright Medical Group N.V., Integra Lifesciences Corporation, Acumed, Inc., Bioretec Ltd., Cardinal Health, Inc., Orthofix Medical Inc., among others. Market players like Johnson & Johnson with the instance from its subsidiary, recently invested billions in the manufacture of advanced trauma devices thereby dedicating the financial aid toward more technologically advanced and efficient products for the treatment and diagnosis products. Other strategic recommendations include, partnerships, and deals among the market players.
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“Growing number of geriatric population and increasing incidences of road accidents are some of the major reasons of why North America is anticipated to be a promising future market for the next five years. The region has some of the major economies and the government that aids the emergency trauma treatments and thus creates a definite market growth for the global trauma devices market. Asia Pacific is expected to show lucrative growth with India as the most growing country on the grounds of alarming growth in the number of road accidents and road kills caused. Moreover, rising geriatric population in Japan and China, increasing instances of road rash, along with developing economies are probably the major causes of the region’s exceptional growth in the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Trauma Devices Market By Type (Internal Fixators {Plates & Screws, Rods & Pins, Others} v/s External Fixators {Uniplanar & Biplanar Fixators, Circular Fixators, Hybrid Fixators}) By Surgical Site (Upper Extremity {Hand & Wrist, Shoulder, Arm, Elbow} v/s Lower Extremity {Hip & Pelvis, Lower Leg, Foot & Ankle, Others}) By End User (Hospitals & Clinics, Ambulatory Care Center, Others) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global Trauma Devices and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global Trauma Devices market.
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