Internal Trauma Fixation Device Market to Reach $12.72 Bn, Globally, by 2027 at 4.9% CAGR: Allied Market Research

PORTLAND, Ore., Nov. 24, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Internal Trauma Fixation Device Market by Product (Closure Devices and Bone Cement), Material (Stainless Steel, Nitinol, Titanium, Tritium, and Polyether Ether Ketone), and End User (Hospitals, Orthopedic Surgical Centers, Trauma Centers, and Ambulatory Surgery): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global Internal Trauma Fixation Device Industry generated $8.80 billion in 2019, and is projected to reach $12.72 billion by 2027, manifesting a CAGR of 4.9% from 2020 to 2027.

Download Detailed COVID-19 Impact Sample Report at: https://www.alliedmarketresearch.com/request-for-customization/804?reqfor=covid 

Drivers, restraints, and opportunities

Rise in incidence of orthopedic diseases, surge in number of road accidents & injuries, and improved healthcare facilities in developing nations drive the growth of the global internal trauma fixation device market. However, shortage of skilled workers and high initial costs regarding implants restrain the market growth. On the other hand, unlocked potential from developing countries create new opportunities in the next few years.

Covid-19 Scenario

• Owing to lockdown, manufacturing activities have been halted and supply chain has been disrupted. The issues regarding shortage of raw materials also occurred.
• Hospital authorities decided to perform bone implantation and fixation procedures in extreme or emergency cases. However, the procedures that were not urgent have been postponed to avoid cross-contamination. Moreover, the staff has been reallocated for treatment of coronavirus-infected patients.
• As governments of many countries imposed lockdown, the cases of road accidents and sports injuries lowered down considerably. So, the demand for fixation devices from hospitals also took a toll.
• With governments of different countries relieving lockdown restrictions, the demand for these devices is expected to grow steadily as hospitals began carrying out implantation and fixation services.

The closure devices segment to continue its lead position throughout the forecast period

Based on product, the closure devices segment accounted for the highest share in 2019, holding nearly three-fourth of the total share of the global internal trauma fixation device market, and will maintain its lead position throughout the forecast period. Moreover, this segment is expected to grow at the highest CAGR of 5.2% from 2020 to 2027. This is due to focus of major industry players on development of innovative devices and implementing new strategies. The report provides a detailed analysis of the bone cement segment.

The hospitals segment to maintain its dominant share during the forecast period

Based on end user, the hospitals segment contributed to the highest share in 2019, accounting for nearly half of the global internal trauma fixation device market, and is projected to maintain its dominant share during the forecast period. This is due to improved healthcare settings across emerging countries and overall rise in number of hospitalizations with increase in number of road accidents and other sports injuries. However, the orthopedic surgical centers segment is projected to manifest at the highest CAGR of 5.6% from 2020 to 2027, owing to increase in investments by the governments of various countries to open up new orthopedic surgical centers to offer better medical facilities.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/804 

North America to maintain its lead in terms of revenue by 2027

Based on region, North America held the highest market share of the global internal trauma fixation device market in 2019, contributing to more than two-fifths of the total share, and will maintain its lead in terms of revenue by 2027. This is due to favorable reimbursement policies in the healthcare system, rise in number of accident cases, and ease in accessibility to advanced devices in the region. However, Asia-Pacific is estimated to witness the largest CAGR of 5.7% during the forecast period, owing to rise in awareness regarding advanced internal trauma fixation devices, increase in healthcare expenditure, and technological advancements.

Leading market players

• B. Braun Melsungen AG
• Globus Medical Inc.
• Johnson & Johnson Company (DePuy Synthes)
• Medartis Holding AG
• Orthopaedic Implant Company
• Osteomed
• Smith & Nephew plc.
• Stryker Corporation
• Wright Medical Inc.
• Zimmer Biomet, Inc.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.

Similar Reports:

Trauma Fixation Devices Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

Trauma Devices Market - Global Opportunity Analysis and Industry Forecast, 2019-2027

Low Trauma/Skin-friendly Adhesives Market - Global Opportunity Analysis and Industry Forecast, 2019-2027

Trauma products market - Global Opportunity Analysis and Industry Forecast, 2019–2027

Digital Therapeutics Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

Patient Monitoring Systems Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

Spinal Implant and Devices Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com 
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

SOURCE Allied Market Research