MicroMarket Monitor
Key Players in the global trauma fixation devices market are Biomet, DePuy, Stryker, and Smith & Nephew.
(PRWEB) December 19, 2014
The global trauma fixation devices market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued at $6.7 billion in 2013, and is expected to grow at a CAGR of 6.4% from 2014 to 2019.
Orthopedic traumas are referred to severe injury that usually affects the body’s musculoskeletal system particularly in ligaments and bones. These injuries require immediate medical attention by an orthopedic surgeon. Rise in geriatric population across the globe will augment the growth of trauma fixation devices, for this section of people is more vulnerable to osteoporosis. The cases of fractures/trauma injury, particularly in the wrist, spine, and hip are also at rise due to the increasing incidences of osteoporosis which in turn is triggering the market growth of trauma fixation devices.
The market is segmented on the basis of types, end-users, and geography. On the basis of types, the market covers internal fixator and external fixator devices. The internal fixator devices accounted the largest share in the global orthopedic trauma fixation devices market. The internal fixators market is further classified based on its products, which includes plates and screws that commands the largest market share, and is expected to dominate throughout the forecast period. There is a rise in the investments by the companies operating in this market particularly on new innovations. These innovations include fixators that comprise bio absorbable material. These products are used in most of the orthopedic surgeries, and therefore have high usage rates.
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On the basis of geography, the market covers regions such as North America, Europe, Asia, and Rest of the World (RoW). North America accounted the largest market share for orthopedic trauma fixation devices, due to the increasing accident rates in this region. The growth of market is expected to be fuelled by the presence of untapped opportunities in emerging Asian and Latin American regions with the rising industrialization.
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The report presents a competitive landscape and company profiles of the key players in the market. Some of the major players operating in the orthopedic trauma fixation devices market are DePuy Synthes, a Johnson & Johnson company, Smith & Nephew, Stryker, and others.
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