Orthopedic Trauma Fixation Devices Market : Description

One of the key elements driving the market’s expansion is the rise of osteoarthritis cases. Another factor influencing market expansion is the increasing number of applications from developing nations. Rising incidence of road accidents and fractures, raising launches of new inventive goods, ever-rising technological improvement and innovation of new instruments, as well as the untapped potential of the expanding markets, will all further create profitable market growth prospects.

The market growth rate would be slowed down in developing economies due to a lack of awareness. Additionally, the market would face constraints from a lack of qualified medical personnel, high surgical implant prices, and an absence of a favourable reimbursement environment in developing and undeveloped economies.

For internal fracture fixation, screws are employed. Rods and plates can be used alone or in conjunction with screws. Long bone fractures require the insertion of a rod or nail through the hollow centre of the bone to hold the fractured bone pieces together. Until the fracture heals, the screws at either end of the rod keep it in place. An external fixator serves as a stabilising framework to maintain the appropriate alignment of the shattered bones. Since external fixation may be applied quickly and does not require prolonged surgery to cure the fracture, it is used as a temporary treatment for fractures. The rise of joint ventures and alliances among businesses that provide orthopaedic trauma products, as well as the shifting

Orthopedic Trauma Fixation Devices Market : Overview

Trauma Fixation Devices Market Size valued at USD 6.9 billion in 2020 and is expected to grow at a CAGR of over 4.2% from 2021 to 2027. Owing to the growing demand for trauma fixation devices, companies are developing technologically advanced products to cater to the increasing demand as well as to gain market share.

Over the projection period, it is anticipated that the market for orthopaedic trauma fixation devices will expand significantly. Orthopedic traumas are serious wounds to the bones and ligaments that make up the musculoskeletal system of the body. Orthopedic traumas are severe wounds that need to be treated right away by an orthopaedic surgeon or orthopaedic trauma expert.Around 1.24 million people die in automobile accidents each year, according to WHO figures. Additionally, the number of fatal and non-fatal accidents is increasing, which would function as a high impact rendering driver for the worldwide orthopaedic trauma fixation devices market. Other market drivers include some of the following. The existence of undiscovered prospects in developing Asian and Latin American regions will fuel this market’s future growth.

Market Insights

Due to an ageing population and rising fracture rates, the market for orthopaedic trauma devices is expanding globally. The market is expanding globally because to the benefits provided by orthopaedic trauma devices, such as internal and external fixators to set a fracture and in relocating bone fragments into their normal alignment. Additionally, internal fixators have decreased the length of hospital stays, the frequency of incorrect healing, and the location of shattered bones. Due to the titanium and stainless steel used in their construction, these fixators are strong. The broken bone fragment is held together by plates, which function like internal splints and are fastened to the bone with screws.

Orthopedic Trauma Fixation Devices Market : Segment Analysis

Orthopedic Trauma Fixation Devices Market based by application

Hospital

Clinic

Home

Orthopedic Trauma Fixation Devices Market : By Types

Metallic Fixators

Bioabsorbable Fixators

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Orthopedic Trauma Fixation Devices Market : Competitive Landscape

Key Regions & Countries: North America (the United States, Canada, and Mexico), Europe, (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia, etc.), and The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Key Players: DePuy Synthes,Orthofix Holdings,Smith & Nephew PLC,Stryker Corporation,Zimmer Biomet,Shanghai Puwei

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