Global Trauma Fixation Market Poised To Reach USD 13.2 Billion by 2024
"Global Trauma Fixation Market" by Types (Internal Fixator Devices (Plates, Screws, Rod Wires & Pins, Fusion Nails), External Fixator Devices), By End-User (Hospital, Orthopedic Clinic) By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Industry Trends and Forecast to 2024
The Global Trauma Fixation Market is expected to reach USD 13.2 billion by 2024 from USD 8.2 billion in 2016, at a CAGR of 6.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 and 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The main driver of global trauma fixation market is upsurge in the geriatric population worldwide this is because the aged people possess higher risk for osteoporosis that spur the demand for trauma fixation devices market. The advancements in the healthcare technologies, increased disposable income boosts the global trauma devices market. However the necessity of devices over the globe is increasing and expected to grow at a CAGR of 6 percent to 9 percent. Favorable reimbursement policies and awareness about latest progressions in medical field with inaccessibility of advanced medical facilities contributes to the growth of trauma fixation devices market.
Trauma Fixation Market – Market Segmentation:
The Global Trauma Fixation Devices is segmented on the basis of type and end-user.
On the basis of types, the market is segmented into internal fixator devices and external fixator devices. Internal fixator devices are further segmented into plates, screws, rod wires and pins, and fusion nails. The market report covers market value and volume of the segments mentioned earlier.
The global trauma fixation market is further segmented based on end-user into hospital and orthopedic clinic. The hospital segment dominated the market in 2016 by XXX %.
The global trauma fixation market is segmented into two types of distribution channel into over the counter and direct tenders.
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Trauma Fixation Market – Geographical Segmentation
Based on geography, the global trauma fixation devices market covers data for 52 countries across multiple geographies such as North & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. North America holds the largest market followed by Asia Pacific which is growing rapidly.
Trauma Fixation Market – Competitive Landscape:
The global trauma fixation market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The global trauma fixation market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. Some of the major players operating in this market are DePuy Synthes Company, Smith & Nephew, Tornier, Inc., Biomet, Inc., Stryker, and Zimmer Inc., among other companies.
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