23-Apr-2024 | Facts and Factors
Findings from Facts and Factors report “Orthopedic Trauma Devices Market Size, Share, Insights Report By Type of Device (Internal Fixators, External Fixators, and Orthobiologics), By Material (Metallic and Bioabsorbable), By Type of Injury (Simple Fractures, Complex Fractures, and Soft Tissue Injuries), By End-User (Hospitals, Orthopedic Clinics, and Ambulatory Surgery Centers (ASCs)), and By Region – Global Industry Analysis, Emerging Trends, Demand and Forecast Report 2024 – 2032” states that the global orthopedic trauma devices market in 2023 was above USD 7.42 billion. The market is expected to grow around a CAGR of 6.63% and is anticipated to reach over USD 13.22 billion by 2032.
Orthopedic trauma is a kind of injury that affects any part of the body that is caused by trauma, including muscles, joints, bones, ligaments, and tendons. The term ranges from minor fractures to seriously broken bones that produce direct threat to the life of the patient. The Orthopedic Devices help to restore soft tissue injury, skeletal stability, and irregular bone formation, joint movements in various fractures, and other deformities. The orthopedic instruments are inserted inside the body by surgical procedures or maybe connected externally by minimally invasive procedures.
Browse the full “Orthopedic Trauma Devices Market Size, Share, Insights Report By Type of Device (Internal Fixators, External Fixators, and Orthobiologics), By Material (Metallic and Bioabsorbable), By Type of Injury (Simple Fractures, Complex Fractures, and Soft Tissue Injuries), By End-User (Hospitals, Orthopedic Clinics, and Ambulatory Surgery Centers (ASCs)), and By Region – Global Industry Analysis, Emerging Trends, Demand and Forecast Report 2024 – 2032" https://www.fnfresearch.com/orthopedic-trauma-devices-market
In the surgical treatment of serious orthopedic injuries, orthopedic trauma devices play a vital role. Owing to the increasing number of fracture incidents and road accidents the orthopedic trauma devices market expected to grow in the future years. The occurrence of osteoarthritis and rheumatoid arthritis is anticipated to increase the demand for orthopedic trauma devices.
Moreover, rising demand for the technically advanced orthopedic trauma devices, a growing number of orthopedic injuries, and introduction advanced facilities in trauma devices are driving the market growth. However, the higher cost of the orthopedic trauma devices, the lack of awareness about the availability of the advanced devices may restraints market growth. Furthermore, lack of health insurance, especially in developing countries may negatively impact market growth. On the other hand, high investment in the healthcare industry by much organization, technological advancement in the orthopedic devices, and constant innovations in these devices may create lucrative opportunities in the market.
By Product type segmentation, the internal fixator category is expected to contribute the largest market share in the global orthopedic trauma devices market attributed to internal fixator allows early rehabilitation and enable patients to return to function earlier. On the basis of the material type segment, the bioabsorbable materials category led the market in 2023 and it is anticipated to grow in the future years attributed to its use in the fixation of fractures and soft-tissues. It reduces the requirement of hardware removal.
By end-users, the emergency department headed the market and it is anticipated to grow over the forecast period attributed to an increase in the number of fracture incidents and accidents. By geography, in 2019, North America dominated the market for orthopedic trauma devices owing to growing expenditure on healthcare and the high adoption of technological advancement. Europe is also expected to boost the market owing to new technologies in the medical devices and growing facilities for the healthcare treatment.
Report Scope
Report Attribute |
Details |
Market Size in 2023 |
USD 7.42 Billion |
Projected Market Size in 2032 |
USD 13.22 Billion |
CAGR Growth Rate |
6.63% CAGR |
Base Year |
2023 |
Forecast Years |
2024-2032 |
Key Market Players |
Acumed, Advanced Orthopaedic Solutions, Arthrex Inc., B. Braun Melsungen AG., Bioretec Ltd., Biorez, CONMED Corporation, DePuy Synthes (Johnson & Johnson), DJO LLC, INION OY, Invibio Ltd., JEIL MEDICAL CORPORATION, Medartis AG, Medtronic, Orthofix Medical Inc., Orthomed, OsteoMed, Smith & Nephew, Stryker, Zimmer Biomet, and Others. |
Key Segment |
By Type of Device, By Material, By Type of Injury, By End-User, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Some of the leading players in the global market include
- Acumed
- Advanced Orthopaedic Solutions
- Arthrex, Inc.
- B. Braun Melsungen AG.
- Bioretec Ltd.
- Biorez
- CONMED Corporation
- DePuy Synthes (Johnson & Johnson)
- DJO, LLC
- INION OY
- Invibio Ltd.
- JEIL MEDICAL CORPORATION
- Medartis AG
- Medtronic
- Orthofix Medical Inc.
- Orthomed
- OsteoMed
- Smith & Nephew
- Stryker
- Zimmer Biomet
This report segments the orthopedic trauma devices market as follows:
By Type of Device
- Internal Fixators
- External Fixators
- Orthobiologics
By Material
By Type of Injury
- Simple Fractures
- Complex Fractures
- Soft Tissue Injuries
By End-User
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgery Centers (ASCs)
By Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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