Internal Trauma Fixation Devices Market is Expected to Reach $7,419.9 Million by 2019, at a CAGR of 6.7% From 2014 to 2019

May 14, 2015, 10:30 ET from MicroMarket Monitor

DALLAS, May 14, 2015 /PRNewswire/ --

The global internal trauma fixation devices market is expected to reach $7,419.9 million by 2019 s from $5,328.3 million in 2014, growing at a CAGR of 6.7% from 2014 to 2019.

Browse through the TOC of the global internal trauma fixation devices market to get an idea of the in-depth analysis provided. The report also provides a glimpse of the segmentation of this market in the major regions, which is supported by various tables and figures.

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Internal trauma fixation devices are helpful in fixing fractured bones by implanting different devices. These devices include various intramedullary nails, cannulated screws, hip screws, wires, cables, conventional hip screws, pins, and plates. The materials utilized to build these devices are stainless steel, cobalt, and titanium. Internal fixation devices are gaining popularity over external fixation devices as the raw materials used in internal fixation devices are durable, stable, and flexible which provide necessary support to the bone and result in quick recovery from the medical condition. Moreover, these devices reduce the stay in hospitals and improper bone healing. All the above-mentioned parameters lead to the higher demand and growth rate of internal fixation devices during the forecast period of 2014 to 2019.

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The global internal trauma fixation devices market is driven by the rising geriatric population across the globe as elderly people possess higher risk for osteoporosis. According to the World Health Organization (WHO), the global elderly population was estimated at 524 million in 2010 and is expected to reach around 2,000 million by 2050. Increasing number of accidents across the globe is further expected to boost the growth of this market. Recently, the U.S. reported around 42 million trauma cases. These patients required immediate medical treatments to recover from trauma.  

The key players in the global internal trauma fixation devices market are Stryker Corporation (U.S.), DePuy Synthes (a Johnson & Johnson Company) (U.S.), Zimmer Holdings, Inc. (U.S.), Smith & Nephew plc (U.K.), Tornier, Inc. (France), and Biomet, Inc. (U.S.).

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The North America Internal Trauma Fixation Device Market is projected to grow at a CAGR of 7.0% from 2014 to 2019. The internal trauma fixation device market holds a high potential, due to a wide number of factors favoring the growth of this market. These include innovation in implant technologies and increasing adoption of supporting technologies.

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