GLOBAL INTERNAL TRAUMA FIXATION DEVICES MARKET FORECAST 2019-2027

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Apr 10, 2019, 16:03 ET

LONDON, April 10, 2019 /PRNewswire/ -- KEY FINDINGS
Trauma internal fixation is the repair of an injured or fractured bone with the help of devices that implement stainless steel, nitinol, titanium, tritium, and polyether ether ketone (PEEK). These devices avoid further injuries of nearby muscles, nerves, and blood vessels.

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The global internal trauma fixation devices market is expected to generate revenue of $14,231 million by 2027 and to grow at a CAGR of 6.38% from 2019 to 2027. The base year for the market analysis is considered to be 2018 and the forecast period initiates in 2018 and lasts till 2027. Increase in the incidence rate of orthopedic disorders coupled with a surge in the aging population worldwide is expected to boost the demand for internal fixation devices.

MARKET INSIGHTS
The upsurge in the geriatric populace and an increase in the incidence rate of orthopedic disorders, the growing incidence of road accidents and the rising healthcare expenditure in developing countries are expected to drive the market growth by raising the rate of adoption of internal trauma fixation devices during the forecasting years.
The lack of skilled professionals in the field plays a major role in inhibiting the advancement of the internal trauma fixation devices market.Majority of the doctors do not opt for the specialization field for the internal trauma fixation specifically for sports and the area of other physical activities.

It is mainly due to the prolonged duration of the specialized studies that are required for the sports medicine field. Furthermore, the global internal trauma fixation devices market segments include material, product, and end-user.

REGIONAL INSIGHTS
Geographically, the global internal trauma fixation devices market has been segmented on the basis of four major regions, namely, North America, Europe, Asia Pacific and the remaining countries collectively forming the Rest of World regional segment.The Asia-Pacific market is anticipated to the fastest-growing region for the global internal trauma fixation devices market.

In the Asia-Pacific region, internal trauma fixation devices market is primarily driven by rising geriatric population, increasing disposable income, etc. Asia is estimated to cover over 60% of the total population aged 65 years or older worldwide by 2030 which will be boosting the internal trauma fixation devices market in the Asia Pacific region.

COMPETITIVE INSIGHTS
Cardinal Health Inc., OsteoMed, Medartis Holding AG, Orthofix, Zimmer Biomet Holdings Inc., Smith and Nephew PLC, Orthopedic Implant Company, Stryker Corporation, Wright Medical Group N.V., Surgical Frontiers (First Ray), Globus Medical Inc., B Braun Melsungen AG, Johnson & Johnson Company (DePuy Synthes), and Arthrex are the major companies operating in the global market which have been exhaustively profiled in the report. The company profiles cover the analysis of important market players.

Companies mentioned
1. ARTHREX
2. B BRAUN MELSUNGEN AG
3. CARDINAL HEALTH INC.
4. GLOBUS MEDICAL INC.
5. JOHNSON & JOHNSON COMPANY (DEPUY SYNTHES)
6. MEDARTIS HOLDING AG
7. ORTHOFIX
8. ORTHOPAEDIC IMPLANT COMPANY
9. OSTEOMED
10. SMITH AND NEPHEW PLC
11. STRYKER CORPORATION
12. SURGICAL FRONTIERS (FIRSTRAY)
13. WRIGHT MEDICAL GROUP N.V.
14. ZIMMER BIOMET HOLDINGS INC.

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