Global Trauma Fixation Devices Market is Expected to Reach $8.9 Billion by 2020 and is Estimated to Grow at a CAGR of 6.7%, From 2015 to 2020
PUNE, India, October 20, 2015 /PRNewswire/ --
According to the new Market Research Report "Global Trauma Fixation Devices Market by Types [Internal Fixator Devices (Internal Trauma Fixation Plates, Screws, Rod Wires & Pins, Fusion Nails), External Fixator Devices], & by End-Users (Hospital, Orthopedic Clinics) - Analysis and Forecast to 2019", the global trauma fixation devices market report defines and segments the concerned market in four geographic regions. The global trauma fixation devices market is expected to reach $8.9 billion by 2020 and is estimated to grow at a CAGR of 6.7%, from 2015 to 2020.
Browse through the TOC of Global Trauma Fixation Devices Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Trauma fixation devices are one of the most vital treatment methods for patients suffering from trauma. Trauma is a condition caused by various strains or physical injuries such as dislocation, fractures, or burns due to external sources. This report categorizes the trauma fixation devices market into two segments, namely, the internal trauma fixation devices and external trauma fixation devices segments. Internal trauma fixation devices form a major segment of the trauma fixation devices market and consist of devices such as plates, screws, rods, wires & pins, and fusion nails. Among all the internal trauma fixation devices, trauma fixation plates accounted for the largest share of the trauma fixation devices market in 2014.
The increasing number of road accidents and increase in aging population are factors that have triggered market growth. In 2014, around 46,179,004 people in the U.S. were found to be above the age of 65. According to statistics available from OECD, the number of road accidents in 2012 was 5,751,090 in North America.
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Furthermore, Trauma device manufacturers are becoming increasingly focused on developing products that are suited for specific anatomical locations. Low-profile plating systems, for example, have grown in popularity for extremity fixation procedures, where soft tissue coverage is minimal and thicker systems often cause irritation. Polyaxial plating systems are also penetrating the market because these systems improve screw placement, a particularly important feature when a surgeon is securing small bone fragments near periarticular surfaces.
The global trauma fixation devices market is segmented on the basis of types and end users. On the basis of type, the devices market is further segmented into internal trauma fixation devices and external trauma devices. The market is also segmented and analyzed further on the basis of major end users of these devices.
This report also includes the market share; value chain analyses; and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market, including major companies of the market.
Key Players of the Global Trauma Fixation Devices Market include:
Top market players that have established their base in the global trauma fixation devices are Stryker Corporation (U.S.), DePuy Synthes Companies of Johnson & Johnson (U.S.), Zimmer Holdings, Inc. (U.S.), Smith & Nephew Plc (U.K.), Tornier, Inc. (France) and other companies.
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