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Trauma Implants Market To Reach USD 10.14 Billion By 2026; Rising Number of Sports Injuries Around the World to Spur Demand for Trauma Implants

January 03, 2020 | Healthcare

The global trauma implants market size is expected to reach USD 10.14 billion by 2026. The growing cases of bone fracture is a key factor boosting the global market revenue during the forecast period, states Fortune Business Insights in a report, titled “Trauma Implants Market Size, Share & Industry Analysis, By Product (Metal Plates & Screws, Pins/Wires, Nails & Rods, and Others) End-user (Hospitals, Orthopaedic Clinics, Ambulatory Surgical Centers, and Others) and Regional Forecast, 2019-2026” the market size was USD 7.28 billion in 2018 and is predicted to exhibit a CAGR of 4.3% between 2019 to 2026.


The increasing demand for minimally invasive devices during surgical treatment of bone fractures is predicted to fuel demand for trauma implants products in the forthcoming years. The rising technological advancement will contribute significantly to the growth of the trauma implants market. Furthermore, increasing product launches by leading key players will foster the healthy growth of the market during the forecast period. Additionally, the rising number of sports injuries around the world will have a positive impact on the trauma implants market trends in the foreseeable future.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/trauma-implants-market-101901


Key Segments in the Global Trauma Implants Market



  • Product: Under the segment, the market is divided into metal plates & screws, pins/wires, nails & rods, and others. Metal plates & screws segment held the largest market share of 38.3% in 2018 and is predicted to grow rapidly during the forecast period because metallic plates are more economical and easily available. Moreover, the screws inserted over a guidewire during articular fractures reduces the risk of misplacement, thereby enhancing the accuracy. Pins/Wires segment is predicted to be the fastest-growing sector and is likely to expand at a considerable CAGR during the forecast period owing to the presence of key players involved in the development of pins/wires. Technological innovations in pins/wires for orthopaedic application is the major factor likely to drive the growth of the segment during the forecast period for instance, MAGNEZIX PIN, a bio-absorbable implant has outstanding stability, helps in re-establishing bone continuity after fractures, and has as infection inhibiting properties.

  • End-user: Under the segment, the market is classified into hospitals, orthopaedic clinics, ambulatory surgery centers, and others.  The hospitals segment is predicted to hold a major share in the trauma implants market owing to the rising healthcare infrastructure in hospitals and the presence of advanced facilities. The rising number of orthopaedic fracture surgeries and the growing number of hospital visits by patients with orthopaedic fractures will further aid the growth of the segment and create new opportunities for the market in the forthcoming years. Furthermore, the orthopaedic clinics' segment is predicted to witness outstanding growth during the forecast period owing to the surge in orthopaedic clinics. In addition, the rising number of orthopaedic surgeries in ambulatory surgery centers is likely to fuel demand for trauma implants in the forthcoming years.

  • Geography: Under the segment, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America was valued USD 3.48 billion in 2018 and is predicted to remain dominant during the forecast period. The growing number of patients diagnosed with osteoarthritis and sure in the geriatric population will propel healthy growth of the market in North America. Additionally, the presence of key players engaged in the development of innovative products in the U.S. is likely to boost the trauma implants market trends.  Europe is predicted to witness substantial growth during the forecast period owing to the rising number of degenerative joint diseases. Increasing product launches and the presence of leading players with a strong distribution network is predicted to aid the growth of the market in Europe Strong Brand Presence of Zimmer Biomet and Stryker to Aid Market Expansion Zimmer Biomet, Stryker, and Smith & Nephew are the leading players in the trauma implants market with a strong brand presence combined with a wide range of product offerings. The rising R&D by key players for the launch of cost-effective and innovative trauma implants will further create sales opportunities for the market. In addition, a strategic collaboration between key players is predicted to boost the trauma implants market revenue in the forthcoming years.


Some of the Major Companies in the Trauma Implants Market include:



  • DePuy Synthes Companies (Johnson & Johnson Services, Inc.)

  • Smith & Nephew

  • Zimmer Biomet

  • Stryker

  • Wright Medical Group N.V.

  • Aesculap, Inc.– a B. Braun company

  • Acumed LLC

  • Orthofix Medical Inc.

  • Conformis

  • Other Prominent Players


Industry Development



  • January 2019: Siora Surgicals Pvt. Ltd., an orthopedic implant and instruments manufacturer, announced the launch of the Helix Locking Plate System which includes both small fragments as well as large fragments implants suitable for different bones of Lower and Upper Extremities.

  • October 2018: Biedermann Motech International Limited announced the launch of polyaxial screw technologies, the first injection screw that can be used through, and in combination with, its polyaxial locking plate systems at the 2018 Orthopaedic Trauma Association (OTA) Annual Meeting in Kissimmee (Orlando).


The Global Trauma Implants Market is Segmented into:








































 ATTRIBUTE



 DETAILS



Study Period



2015-2026



Base Year



2018



Forecast Period



2019-2026



Historical Period



2015-2017



Unit



Value (USD Million)



Segmentation



By Product



  • Metal plates & Screws

  • Pins/Wires

  • Nails & Rods

  • Others



By End-user



  • Hospitals

  • Orthopedic Clinics

  • Ambulatory Surgical Centers

  • Others



By Region



  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa


Trauma Implants Market
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  • 2018
  • 2015-2017
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