Trauma Products Market Share, Size, Trends, Industry Analysis Report, By Product Type (Internal Fixators, External Fixators); By Surgical Site (Lower Extremities, Upper Extremities); By End-Use; By Region; Segment Forecast, 2022 - 2030
- Published Date:Sep-2022
- Pages: 112
- Format: PDF
- Report ID: PM1622
- Base Year: 2021
- Historical Data: 2018-2020
Report Outlook
The global trauma products market is valued at USD 5.14 billion in 2021 and is expected to grow at a CAGR of 8.4% during the forecast period. One of the supreme aspects enhancing the trauma products market is the growing geriatric population across the world. Upgrade health amenities and uplifted disposable income are prominent factors in the magnification of the overall status of life and life expectancy. The aged citizens are susceptible to many bone-related and deteriorating bone diseases.
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According to the United Nations, in 2020 there were about 1.4 billion people above 60+ worldwide. The elderly people are anticipated to twice over the next 50 years to over 1.7 billion. Aged people are more prone to developing the deteriorating bone disease compared to the young generation.
Trauma implants support to comfort the motion of joints and reduce pain. Market participants in the global trauma products market are extending the manufacturing potential of interlocking nails, wires, pins, screws, plates, etc. Screws are deployed to clamp fractured bones to cure in the curative procedure and as an appurtenance to spine binding surgery to assist grip implants in a properly arranged manner.
Orthopedic biodegradable trauma products assist solve the innate drawback of permanent metal-based trauma products. Trauma product manufacturers are gaining the precedence of government incentive offers to stick financially stable in the middle of the COVID-19 pandemic.
The principal trend witnessed in the trauma products market is the enlarging number of collaboration and partnership ventures between trauma product manufacturers and service providers in the market. These joint enterprises result in the procurement of technologically advanced trauma products for the therapeutic of severe injuries.
The inception of biological/orthobiologics substances and the fattening requirement for trauma products in the superlative emerging markets are generating abundant window of opportunities for the key companies in the trauma products market globally. The burgeoning of orthobiologics/biologicals materials is contributing to enhanced surgery methods for diseases such as knee joint cases and other trauma injuries.
Additionally, the rising funding for healthcare advancements in emerging countries and the surge in health insurance policies for various diseases and trauma injuries is anticipated to drive the growth of the global trauma product market during the projection period.
The COVID-19 outbreak in China accompanies the fast institution of multiple hospitals for the treatment of the booming number of infected sufferers and the same situation is cloned globally. The COVID-19 pandemic reflected a negative impression on the trauma products market worldwide.
The general OPD (Outpatient Department) and low preference surgeries are rescheduled, and experienced trauma surgeons are limited to implementing prioritized or unnecessary surgeries to conserve medical resources for the treatment of COVID-19 patients, bringing out a descend in demand for trauma products.
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Industry Dynamics
Growth Drivers
Expanding old age population, a rising physical casualty in sports and drastic road accidents around the world, acceptance of slightly invasive surgeries, rising investment in R&D in the healthcare sector, degenerative bone injuries such as Paget's disease, osteoarthritis, and osteoporosis egress the degradation of bones and bring out uttermost pain and rigidity of joints and technological improvements are some of the aspects that will boost the growth of the global trauma products market in the forecast period of 2022 - 2030.
Furthermore, some strong factors which open vital opportunities for the development of the market are the improving maturation of the emerging nations and progressive acceptance of trauma products in pharmaceuticals and medical biotechnology.
Report Segmentation
The market is primarily segmented based on by product, surgical site, end-use, and regions.
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By Product Type |
Distribution Channel |
End-Use |
By Region |
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The internal fixators section dominates the market share in 2021
The trauma products market is fragmented into internal & external fixators. The internal fixators section occupies the superlative market share in 2021. The internal fixators category includes nails, screws, plates, and other types of internal fixators.
There is eminent compliance of the internal fixators owing to their multiple benefits for patients like as limited scarring shorter length of hospital stays and bruising, and accuracy in functionality. The Acumed's Acu-Loc 2 Wrist Plating procedure offers 48 plate choices, including proximal and distal sitting plates, three plate extension alternatives, and section-wise plating preferences are factors boosting the growth of trauma products market.
Internal fixators attribute ingenious apparatus for plate locating and fracture care. The application of an internal fixator is to rehabilitate the natural structure of the bones amidst of people with fusions, fractures, and severe osteotomies.
The Zimmer Natural Nail technique is the latest intramedullary nailing methodology purposefully designed to compel the surgery process more accurately. This trauma product (fixator both types) is operated to fabricate the nails as skeletal and patient-sentient as feasible, the equipment is mapped out to be liquefied in configuration and instinctual in the task.
The external fixators category is anticipated to have healthy market broadening owing to their competence in the speedy treatment technique by equilibrating the injured bones. The external fixators are commonly deployed for open cracks/fracture therapy.
These external fixators are the selective option by surgeons for fractures in infants as internal fixators are ineffectual in developing bones. The external fixators incorporate hybrid fixators, circular fixators, and bilateral & unilateral fixators. Circular fixators have substantiated soaring efficacy for extensive fractures where internal fixation is not suggested.
The lower extremities segment accounts for the highest market share in 2021
The lower extremities section holds the biggest market share on account of the favorable acceptance of the lower extremities trauma product globally. The number of road accidents and sports injuries, as well as general accidents, leads to major fractures to the foot, ankle, and others. The lower extremities fragment involves damage to the lower leg, pelvis & hip, foot & ankle, thigh, and knee joints.
The upper extremities section is anticipatory to showcase significant growth due to the mutiny stipulation for upper extremities trauma products with the rising pervasiveness of sports-related damages and orthopedic injuries. The upper extremities fragment involves the injury to the wrist, hand, elbow, shoulder, and arm.
There is a big rise in the number of market players offering upper extremities trauma products. For example, Zimmer Biomet endows a prominent range of external fixation products for the complex investigation and anatomy of the upper extremities. It embraces implants and contrivance with modern technologies to intensify fixations and boost the precision of surgeries.
North America dominated the trauma products market globally in 2021
North American region leads the trauma products market owing to the high proportion of acceptance of trauma products, together with implants and instrumentation. There is a surge in the aggregate number of cases agonizing from traumatic problems with the increasing number of road and other accidental cases.
Major market participants in biotechnology and pharmaceutical are spreading awareness about the trauma products in the region. For instance, Kaiser Permanente collaborated in December 2019 with the Discovery Education and Alliance for a Healthier Generation to inscribe trauma products and promote community-based and mental cheerfulness in many schools in the United States.
The APAC region is anticipated to reflect significant market growth due to rising research and development campaigns for trauma products. There is a big number of players preparing advanced trauma products. Notable growth is projected to see in countries including Australia, China, and India owing to the expansion elderly population as aged people are more prone to suffer traumatic injuries.
The demand for trauma products is expected to grow with the booming healthcare centers, rise in healthcare infrastructure, and government schemes to provide healthcare policies to their citizens are vital factors boosting the trauma products market growth during the forecast period.
Competitive Insight
Some of the key players operating in the global trauma product market include Johnson & Johnson, B. Braun Melsungen Ag, Nuvasive, Colfax, Zimmer Biomet Holdings Inc., Stryker Corporation, Arthrex, Wright Medical Group N.v, Smith & Nephew, Globus Medical Inc., Medtronic Plc., Medtronic Plc, Cardinal Health Inc., Smith & Nephew Plc Inc., Berkshire Hathaway Inc., Stryker Corporation and Others.
Recent Developments
In July 2021, Endeavor Orthopedics accepted the 510(k) sanction from US FDA for the Summit Patella Plating Technique. This process is suggested in the surgical equilibrium of patella fractures through open depletion internal fixation surgeries especially in adults.
In June 2021, Zimmer Biomet introduced Bactiguard-coated trauma products for contamination avoidance in Europe and the Middle East and Africa regions. These implants obtained the CE mark from International Trade Administration (ITA), in January 2021.
In July 2020, Orthofix Medical Inc launched their JuniOrtho Plating System. This system is a full-fledged plating system especially invented to convey the difficult needs of trauma reformation and modern defacement of the lower extremities segment in infants.
Trauma Products Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 5.14 billion |
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Revenue forecast in 2030 |
USD 10.40 billion |
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CAGR |
8.4% from 2022 – 2030 |
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Base year |
2021 |
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Historical data |
2018 – 2020 |
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Forecast period |
2022 – 2030 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2022 to 2030 |
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Segments covered |
By Product Type, By Surgical Site, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Johnson & Johnson, B. Braun Melsungen Ag, Nuvasive, Colfax, Zimmer Biomet Holdings Inc., Stryker Corporation, Arthrex, Wright Medical Group N.v, Smith & Nephew, Globus Medical Inc., Medtronic Plc., Medtronic Plc, Cardinal Health Inc., Smith & Nephew Plc Inc., Berkshire Hathaway Inc., Stryker Corporation, and Others. |
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