Trauma Fixation Devices - Global Market Insights, Competitive Landscape, and Market Forecast - 2028

Trauma Fixation Devices - Global Market Insights, Competitive Landscape, and Market Forecast - 2028

Trauma Fixation Devices Market By Product Type (Internal Fixators [Plates & Screws, Rods & Pins, and Others] and External Fixators [Unilateral, Circular, Hybrid, and Others]), Absorbability (Non-Absorbable and Resorbable), Application Site ( Cranial & Facial, Spine, Upper Extremities [Hand & Wrist, Arm, Shoulder, and Elbow], and Lower Extremities [Knee, Foot & Ankle, Thigh, and Hip & Pelvis], End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography is expected to grow at a steady CAGR forecast till 2028 owing to the rising geriatric population and increasing number of trauma cases.

The global trauma fixation devices market was valued at USD 7.03 billion in 2022, growing at a CAGR of 6.42% during the forecast period from 2023 to 2028 to reach USD 10.21 billion by 2028. Factors such as the rising demand for technologically advanced products, increasing geriatric population, rising number of accident and trauma cases, growing prevalence of degenerative bone disorders, and the rising number of sports-related injuries are expected to drive the trauma fixation devices market.

Trauma Fixation Devices Market Dynamics:

According to World Health Organization (WHO) 2022, musculoskeletal conditions are the leading contributor to disability, and worldwide around 1.71 billion people are suffering from musculoskeletal diseases such as osteoporosis, osteoarthritis, rheumatoid arthritis, and others.

As per a research study in 2020, there were around 654.1 million individuals (40 years and older) with knee osteoarthritis (OA) worldwide. As per the aforementioned source, the pooled global incidence of knee OA was 203 per 10,000 person-years in individuals aged 20 and over. Additionally, there are around annual 86⋅7 million individuals (20 years and older) with incident knee OA in 2020 worldwide.

As per the International Osteoporosis Foundation (2022), over 8.9 million fractures related to osteoporosis occur annually. It further stated that about one in five men and one in three women over the age of 50 are susceptible to suffering from a fracture due to weak bones. Osteoporosis is one of the common degenerative bone diseases where the body starts to lose bone mass or makes too little bone. The osteoporotic bones become less dense, become weak, and are more prone to fractures.

Furthermore, according to the World Health Organization factsheet (2022) on road traffic injuries, road traffic injuries are the leading cause of fatality in children and young adults in the age group 5-29 years.

The same factsheet further stated that near about 20-50 million people suffer from non-fatal injuries in road accidents resulting in a disability as a result of their injury.

As the incidents mentioned above such as road accidents, and degenerative bone disorders majorly result in bone fractures and dislocation which can drastically affect the quality of life of patients, devices such as trauma fixation devices are employed in the fixing of bone-related errors and deformities.

Another major factor driving the trauma fixation devices market is the rising geriatric population across the globe. The elderly population is susceptible to numerous bone-related disorders and degenerative bone diseases. According to the latest data provided by the United Nations, in 2020, there were about 727 million people over the age of 65 years and above living across the globe. The number of the elderly population is further expected to double reaching over 1.5 billion for three decades. The elderly population is susceptible to developing degenerative bone disorders more frequently than the younger population.

The factors mentioned above will propel the growth of the trauma fixation devices market during the forecast period.

However, stringent product approval processes and high cost of procedures may prove to be certain restraints to the trauma fixation devices market growth.

Trauma Fixation Devices Market Segment Analysis:

Trauma Fixation Devices Market by Product Type (Internal Fixators [Plates & Screws, Rods & Pins, and Others] and External Fixators [Unilateral, Circular, Hybrid, and Others]), Absorbability (Non-Absorbable and Resorbable), Application Site (Cranial & Facial, Spine, Upper Extremities [Hand & Wrist, Arm, Shoulder, And Elbow], and Lower Extremities [Knee, Foot & Ankle, Thigh, and Hip & Pelvis], End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the product type segment of the trauma fixation devices market, under the internal fixators category, the plates & screw segment is expected to account for the prominent market share during the forecast period.

Plates & Scew internal fixators are now commonly used for the correction of bone deformities and fractures due to the advent of sterile surgical procedures which significantly reduced the risk of infection.

Additionally, these allow for faster recovery, and shorter hospital stays, enable patients to resume their daily activities quicker, and reduced the chances of improper healing of the broken bones.

Even being a simple device, there are different types of screws available depending on the type of fracture and the application of the screws. Screws can be used alone or in combination with other internal fixation devices such as rods, plates, or nails.

Furthermore, the use of stainless steel and titanium in the manufacturing of these fixators has contributed immensely to improving the safety prospects of these devices and thereby is assisting the growing demand for plates & screws.

North America is expected to dominate the Overall Trauma Fixation Devices Market:

Among all the regions, North America is expected to account for a significant market share in the trauma fixation devices market. This can be ascribed to the high prevalence of osteoporosis, osteoarthritis, and other bone diseases, the rising population of the elderly, and the increasing number of sports-related injuries among other factors in the region.

As per the Centers for Disease Control and Prevention (CDC) 2021, it has been estimated that there will be around 78.4 million people suffering from doctor-diagnosed arthritis by 2040, and out of that two-thirds will be the women population.

As per the facts provided by the National Safety Council (NSC), a US-based non-profit organization, in 2019, irrespective of the use of exercise equipment, exercise-related injuries accounted for about 468,000 injuries, the most of any category of sports and recreation. It was followed by bicycling with about 417,000 injuries, while basketball with 404,000 injuries, and football, with 292,000 injuries, ranked third and fourth.

The abovementioned facts point towards the growing need for surgical interventions to correct bone-related defects and injuries either due to disease-related etiologies or in trauma cases. All these factors require the usage of trauma fixation devices in bone fixation and correction of bone deformities, thereby contributing to the high demand for trauma fixation devices.

The increasing number of product development activities in the region is further expected to propel the growth of the North American trauma fixation devices market. For example, in February 2022, OsteoMed received clearance from the US Food and Drug Administration for ExtremiLOCK Lateral Ankle Fusion Plates, which is intended to be used in the fixation of osteotomies, fractures, and non-unions of the fibula and the tibia.

The prompt and well-established healthcare services and infrastructure further contributes to the growth of the regional trauma fixation devices market growth. Moreover, the presence of key players in the region and supportive reimbursement programs further provide immense growth opportunities for the trauma fixation devices market.

Trauma Fixation Devices Market Key Players:

Some of the key market players operating in the trauma fixation devices market include Zimmer Biomet, Orthofix Medical Inc, DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG., Stryker, Medtronic, Acumed, INION OY, Orthomed., Smith+Nephew, CONMED Corporation, Bioretec Ltd, Arthrex Inc, JEIL MEDICAL CORPORATION, OsteoMed, Medartis AG and others.

Recent Developmental Activities in Trauma Fixation Devices Market:

In July 2022, Endeavor Orthopedics received 510k approval from the US FDA for their Summit Patella Plating System. This system is indicated in the surgical stabilization of patella fractures during open reduction internal fixation procedures in adults.

In June 2022, Zimmer Biomet launched Bactiguard-coated trauma implants for infection prevention in select Europe and the Middle East, and Africa markets. In January 2022, these implants received the CE mark.

In July 2020, Orthofix Medical Inc received the US FDA approval and the CE mark for their JuniOrtho Plating System. The JPS JuniOrtho Plating System is a complete plating system designed to address specific requirements of trauma reconstruction and advanced deformity of the lower extremities in pediatric patients.

Key Takeaways from the Trauma Fixation Devices Market Report Study

Market size analysis for current trauma fixation devices market size (2022), and market forecast for 5 years (2023-2028)

Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years

Key companies dominating the global trauma fixation devices market.

Various opportunities available for the other competitor in the trauma fixation devices market space.

What are the top-performing segments in 2022? How these segments will perform in 2028?

Which are the top-performing regions and countries in the current trauma fixation devices market scenario?

Which are the regions and countries where companies should have concentrated on opportunities for trauma fixation devices market growth in the coming future?

Target Audience who can be benefited from this Trauma Fixation Devices Market Report Study

Trauma Fixation Devices products providers

Research organizations and consulting companies

Trauma Fixation Devices-related organization, association, forum, and other alliances

Government and corporate offices

Start-up companies, venture capitalists, and private equity firms

Distributors and Traders dealing in trauma fixation devices

Various End-Users who want to know more about the trauma fixation devices market and the latest technological developments in the trauma fixation devices market.

Frequently Asked Questions for Trauma Fixation Devices Market:

1. What is a Trauma Device?

Trauma fixation devices are used in the correction and fixation of bone fractures and deformities. These devices are used in various orthopedic surgeries helping in fixing bone-related deformities of various anatomical regions such as the spine, cranium, and extremities.

2. What is the market for global trauma fixation devices?

The global trauma fixation devices market was valued at USD 7.03 billion in 2022, growing at a CAGR of 6.42% during the forecast period from 2023 to 2028 to reach USD 10.21 billion by 2028.

3. What are the drivers for the global trauma fixation devices market?

The major drivers of the global trauma fixation devices market growth are the rising prevalence of degenerative bone diseases, the increasing geriatric population, rising number of trauma cases, among other factors.

4. Who are the key players operating in the global trauma fixation devices market?

Some of the major market players operating in the trauma fixation devices market include Zimmer Biomet, Orthofix Medical Inc, DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG., Stryker, Medtronic, Acumed, INION OY, Orthomed., Smith+Nephew, CONMED Corporation, Bioretec Ltd, Arthrex Inc, JEIL MEDICAL CORPORATION, OsteoMed, Medartis AG and others.

5. Which region has the highest share in the trauma fixation devices market?

North America is expected to dominate the overall trauma fixation devices market during the forecast period, 2023 to 2028. The accumulation of the highest revenue share is because of the high prevalence of osteoporosis and other bone diseases, the rising population of the elderly, increasing number of sports-related injuries among other factors in the region.


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