The global trauma products market size was USD 5.01 Billion in 2021 and is expected to register a revenue CAGR of 8.1% during the forecast period. Key factors driving market revenue growth are major prevalence of degenerative bone diseases, increasing global geriatric population, and rising preference for minimally invasive surgeries.
Trauma is a medical term that refers to sudden physical injuries that require immediate medical treatment. Trauma can be two types; mental and physical trauma due to sudden accident, violent attack, or physical injuries. Physical injuries include burns, fractures, sprains, strains, and dislocations. Trauma products are usually used to treat physical traumas.
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Trauma products can be categorized into two types; external fixators and internal fixators. External fixator is a type of stabilizing frame that holds broken bones in an appropriate position. There are mainly three types of external fixators such as unilateral, circular, and hybrid fixators. Unilateral external fixator is used in the treatment of tibial fractures by placing it on one side of the limb. It is comprised of connecting rods, clamps, and Schanz screws. Circular external fixator comprises a set of arches or rings that are connected using wire. It hold rods that are fixed to the bones using tensioned wires. Hybrid fixators are the combination of unilateral and circular fixators. This is primarily used to treat tibial plateau fractures. Internal fixation is a surgical process that helps to stabilize and connect the fractured or broken bones by using internal fixators such as pins, metal plates, rods, screws, and wires.
Ongoing technological advancements in trauma products, growing awareness regarding the benefits of advanced trauma products, increasing healthcare expenditure, and rising investment by private investors and governments in development of medical devices are some key factors expected to drive trauma products market growth throughout the forecast period.
Market Dynamics:
Driver: Major prevalence of orthopedic diseases
Major prevalence of orthopedic diseases such as osteoarthritis and rheumatoid arthritis is fueling revenue growth of trauma products market. In addition, rapidly increasing global geriatric population and increasing preference for minimally invasive surgeries are factors expected to support market growth throughout the forecast period.
Restraint: Risk of infection
Trauma products such as plates, pins, nails, wires, and others are usually made of different metals and metal alloys. Use of metal-based products may lead to several side effects such as allergies and severe infections. This factor can restrain market growth to a certain extent over the forecast period.
Key Takeaways
Type Outlook:
Based on type, the global trauma products market has been segmented into external fixators and internal fixators. Internal fixators segment is further sub-segmented into plates, nails, screw, pins, and staples. External fixators segment is further sub-segmented into unilateral, circular, and hybrid. Internal fixators segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing global geriatric population and rising application of internal fixators.
Surgical Site Outlook:
Based on surgical site, the global trauma products market has been segmented into lower extremities and upper extremities. Lower extremities segment is further sub-segmented into thigh, hip & pelvic, lower leg, knee, and foot & ankle. Upper extremities segment is sub-segmented into hand & wrist, elbow, shoulder, and arm. Lower extremities segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing use of trauma products for treating sports injuries and major prevalence of osteoarthritis.
End-Use Outlook:
Based on end-use, the global trauma products market has been segmented into hospitals & trauma centers and ambulatory surgery centers. Hospitals & trauma centers segment accounted for largest revenue share in the global market in 2020. This can be attributed to rising number of private hospitals in developing countries and increasing preference among patients and individuals for hospital-based treatments.
Regional Outlook:
Based on regional analysis, North America is expected to account for significantly larger revenue share over the forecast period. The United States and Canada are the largest revenue share contributors to the market in the region. Robust presence of major players and increasing application of advanced trauma products are some other major factors driving revenue growth of the market in this region.
Asia Pacific market accounted for a 23.3% revenue share in the global market in 2020, which is expected to expand at a rapid CAGR over the forecast period. This can be attributed to continuous development in healthcare infrastructure and increasing geriatric population in countries in the region.
Europe accounted for second-largest revenue share in the global market in 2020. Rising investment by investors and governments in healthcare infrastructure and major prevalence of orthopedic diseases are some key factors expected to continue to drive market growth going ahead.
Competitive Landscape:
The global trauma products market is highly fragmented and key companies are increasingly investing in medical research. Prominent companies in the market include Acumed LLC, Arthrex Inc., B. Braun Melsungen AG, Citieffe s.r.l., CONMED Corporation, DePuy Synthes, Double Medical Inc., Integra LifeSciences Corporation, Orthofix Holdings Inc., and Smith & Nephew.
Some key developments in the market:
- In March 2020, Acumed signed an agreement with Vivorte. This agreement helped Acumed to distribute Vivorte’s products such as calcium phosphate-based bone allograft (Trabexus) and calcium phosphate-based biocement (Fortera).
- In July 2018, Globus Medical launched Anthem ankle fracture system and Anthem proximal humerus fracture system. Anthem ankle fracture system helps to reduce soft tissue irritation from implant prominence and Anthem proximal humerus fracture system is designed for treatment of shoulder fractures.
Segments Covered in the Report:
This report provides historical as well as forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each segment and sub-segment from 2022 to 2030.
Trauma Products Market Report Scope
Segments covered By type, Surgical Site Outlook, End-Use Outlook, Regional Outlook
By type
External Fixators
Unilateral
Circular
Hybrid
Internal Fixators
Plates
Nails
Pins
Staples
By Surgical Site
Lower Extremities
Thigh
Hip & Pelvic
Lower Leg
Knee
Foot & Ankle
Upper Extremities
Hand & Wrist
Elbow
Shoulder
Arm
By End-Use
Clinical Laboratories
Biotechnology Industries
Others
Regional scope
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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