The internal trauma fixation devices global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Internal Trauma Fixation Devices Market, 2024The internal trauma fixation devices global market report 2024
Market Size –
The internal trauma fixation devices market size has grown strongly in recent years. It will grow from $9.74 billion in 2023 to $10.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historical period can be attributed to the rise in ambulatory surgical procedures, supportive reimbursement policies in the healthcare system, the increase in the demand for medical devices, the low cost of labor, and the rise in disposable income.
The internal trauma fixation devices market size is expected to see strong growth in the next few years. It will grow to $13.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to easy accessibility to advanced devices, increase in awareness associated with advanced internal trauma fixation devices, focus on patient outcomes, growing healthcare expenditure, and increasing healthcare infrastructure development. Major trends in the forecast period include integration of 3D printing technology, increasing adoption of bioabsorbable fixators, availability of healthcare insurance coverage for fracture fixation procedures, collaborative research efforts between orthopedic surgeons, and researchers, and focus on sustainability and biocompatibility in implant development.
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Scope Of Internal Trauma Fixation Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Internal Trauma Fixation Devices Market Overview
Market Drivers –
The rise in orthopedic disease incidences is projected to drive growth in the internal trauma fixation market. Orthopedic diseases, including osteoarthritis, affect the musculoskeletal system, with increasing incidents attributed to longer lifespans, rising obesity rates, and more sports-related injuries. Internal trauma fixation devices play a crucial role in orthopedic care, aiding in the proper alignment of fractured bones. According to the Australian Institute of Health and Welfare, as of May 2024, hospitalizations for osteoarthritis in the 50 to 54 age group rose to 15,628 in 2021-22 from 14,993 in 2019-20. Therefore, the rise in orthopedic disease incidences is driving the internal trauma fixation market’s growth, with a continued upward trend anticipated through 2024 and into 2028.
Market Trends –
Major players operating in the internal trauma fixation devices market are focused on advancements in fixation devices, such as next-generation intramedullary nailing systems, to improve surgical outcomes and patient recovery. Next-generation intramedullary nailing systems refer to advanced medical devices used in orthopedic surgery to stabilize and treat fractures within long bones such as the femur and tibia. For instance, in March 2024, Stryker Corporation, a US-based, medical technology company, launched the Gamma4 Hip Fracture Nailing System, in the European market. The latest Gamma4 system by Stryker represents the next evolutionary step in intramedullary nailing systems, specifically engineered to effectively treat hip and femur fractures while optimizing surgical workflows for medical professionals. The Gamma system has advanced by refining processes, standardizing procedures, and paying meticulous attention to detail, all focused on enhancing surgical techniques and usability.
The internal trauma fixation devices market covered in this report is segmented –
1) By Product: Plates, Nails, Screws, Other Products
2) By Material Type: Stainless Steel, Titanium Alloy, Bioabsorbable
3) By Application: Lower Extremity, Upper Extremity
4) By End-Use: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
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Regional Insights –
North America was the largest region in the internal trauma fixation device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internal trauma fixation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Johnson and Johnson, Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings Inc, Olympus Corporation, Smith and Nephew plc, KARL STORZ SE & Co KG, NuVasive Inc., Conmed Corporation, Globus Medical Inc., Wright Medical Group N.V., Orthofix Medical Inc., KLS Martin SE & Co. KG, Richard Wolf GmbH, Paragon 28 Inc., Corin Medical Holdings, Acumed LLC, Narang Medical Ltd., GPC Medical Ltd., Inion Oy, Vast Ortho Inc, Extremity Medical LLC, Citieffe s.r.l., Bioretec Ltd., Arthrex Inc.
Table of Contents
1. Executive Summary
2. Internal Trauma Fixation Devices Market Report Structure
3. Internal Trauma Fixation Devices Market Trends And Strategies
4. Internal Trauma Fixation Devices Market – Macro Economic Scenario
5. Global Internal Trauma Fixation Devices Market Size and Growth
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32. Global Internal Trauma Fixation Devices Market Competitive Benchmarking
33. Global Internal Trauma Fixation Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Internal Trauma Fixation Devices Market
35. Internal Trauma Fixation Devices Market Future Outlook and Potential Analysis
36. Appendix
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