The North American trauma fixation devices market is estimated to grow to $5,196.3 million by 2018 - New Report by MicroMarket Monitor
(PRWEB) October 08, 2014 -- The North American trauma fixation devices report defines and segments the concerned market in North America with analysis and forecast of revenue. The trauma fixation devices market in North America is estimated to grow to $5,196.3 million by 2018, at a CAGR of 6.3% from 2013 to 2018.
Browse through the TOC of the North American trauma fixation devices market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the trauma fixation devices market in the same region, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/north-america-trauma-fixation-devices-2735087626.html
The major drivers for the growth of the trauma fixation devices market in North America include better reimbursement policies for orthopedic treatment, which has enabled the patients to afford expensive treatments such as joint reconstruction & spinal fusion surgeries and trauma fixation. Moreover, the increased disposable income and higher adoption of advanced technologies such as trauma fixation devices are also contributing to the growth of this market.
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Increasing incidences of osteoporosis is one of the main causes for fractures, especially wrist, spine, and hip fractures, which are driving the North American trauma fixation devices market. There is a rapid increase in the population in the age group of 65 and above in this region, which is expected to reach 56 million by 2030. This aging population is more prone to osteoarthritis and bone fracture, and is responsible for high demand of orthopedic treatments and implants. Furthermore, the market is expected to grow due to the increasing trend towards a sedentary lifestyle and rise in the number of people with obesity.
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The U.S. contributed significantly to the trauma fixation devices market in North America, with a major share of around 92.0% in 2014. In addition to the rising number of aging population, the U.S. has one of the highest incidence rates of osteoporosis, which is one of the causes of bone fracture among st the elderly.
This market is segmented and forecast based on sub markets, namely Internal Fixator Devices and External Fixator Devices. The market is further segmented and forecast based on major countries in this region, such as the U.S., Canada, and Mexico. The market is also segmented and analyzed based on the end users.
This report includes market share and value chain analyses, along with 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.
Related Reports:
European Trauma Fixation Devices Market Research Report
The European Trauma Fixation Devices Market is mainly driven by increasing prevalence of osteoporosis and increasing incidences of accidental fracture.
The report “The European Trauma Fixation Devices Market forecast, 2012-2018” analyzes the market of devices by 2 segments Internal Fixator Devices and External Fixator Devices. Both segments experienced a positive growth till 2012 with an increased awareness for procedures and sophisticated diagnostic techniques.
Increasing incidences of osteoporosis is the main cause of fractures, especially for wrist, spine, and hip and this is driving the demand for trauma fixation devices market. The incidences of osteoporosis-related fractures are higher for women than men. The sedentary lifestyle and obesity is the major cause of trauma related injuries.
Internal fixator market is by far the largest market as these devices have well proven track records for trauma fixation and are more effective than the external devices. Moreover these devices are used for permanent solution to support broken bone, contrary to external devices which are used on temporary basis.
http://www.micromarketmonitor.com/market/europe-trauma-fixation-devices-8600467081.html
Asian Trauma Fixation Devices Market
The Asian Trauma Fixation Devices Market is mainly driven by increasing prevalence of osteoporosis and increasing incidences of accidental fracture.
Major driver for the growth of internal fixation devices is advancements in product technologies and designs, along with the use of various new, efficient constituent materials including stainless steel, titanium, and bio-absorbable materials such as polyamide and carbon polymers. This report also provides an extensive competitive landscaping of companies operating in this market.
Osteoporosis and huge number of accident cases due to automobile-related mishaps is the major driver for this market in Asia and the market is destined to retain the pole position in the coming years also.
Geographically, The Asian Trauma Fixation Devices Market is divided into India, China, Japan and Rest of Asia.
http://www.micromarketmonitor.com/market/asia-trauma-fixation-devices-4891070333.html
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