Trauma Fixation Devices Market Size By Product (External Fixators {Unilateral & Bilateral, Circular, Hybrid}, Internal Fixator {Plates, Screws, Nails}), By Material (Stainless Steel, Titanium), By Site (Lower Extremities {Hip & Pelvic, Lower Leg, Knee, Fo

Trauma Fixation Devices Market Size By Product (External Fixators {Unilateral & Bilateral, Circular, Hybrid}, Internal Fixator {Plates, Screws, Nails}), By Material (Stainless Steel, Titanium), By Site (Lower Extremities {Hip & Pelvic, Lower Leg, Knee, Foot & Ankle, Thigh}, Upper Extremities {Hand & Wrist, Shoulder, Elbow, Arm}), By End-use (Hospitals, Ambulatory Surgical Centers, Orthopedic Centers), Industry Analysis Report, Application Potential, Competitive Market Share & Forecast, 2023 - 2032

Trauma Fixation Devices Market is set to witness significant growth by 2032 end, primarily owing to the growing technological advancements regarding trauma fixation devices. Furthermore, increasing demand for minimally invasive surgery will foster the adoption of trauma fixation devices. For instance, in the October-December 2020 issue of the Journal of the society of Laparoscopic & Robotic Surgeons, a research revealed that the number of minimally invasive surgeries has gone up dramatically since the introduction of laparoscopic surgery in the 1980s.

In addition, the service providers in the trauma fixation devices market are seeking to strengthen their market presence by expanding the existing portfolios and engaging in meaningful acquisitions and mergers. To cite an instance, in July 2022, the California-based spine technology firm, Spinal Elements announced the successful completion of two commercial cases by using the Karma MIS system, which is a metal-free posterior fixation method. The Karma MIS system lessens trauma to the tissues and doesn’t use rods or screws while providing a similar kind of fixation to pedicle screw systems.

Overall, the trauma fixation devices market has been classified into product, material, site, end-use, and zones.

In the context of the product, the market is likely to be characterized by the others segment, which will grow at more than 4% CAGR by 2032. The others segment comprises of everything except for nails, plates, and different kinds of fixators.

Based on site, the lower extremities segment will grow steadily between 2023 and 2032. Rising cases of sports injuries and bone-related disorders are some of the major factors that will fuel the market demand. Besides, the growing number of road accidents worldwide is as well likely to proliferate the demand for trauma fixation devices for low extremities through 2023-2032.

In terms of end-use, the hospital segment accounted for more than USD 2.8 billion in 2022 and will grow robustly through 2032. The growth can be attributed to the growing number of multispecialty hospitals, that aim to treat trauma injuries. Furthermore, growing technological advancements in trauma fixation devices will also accelerate the market demand.

In the zonal context, the trauma fixation devices market will expand significantly in the Asia Pacific region, primarily due to the rising prevalence of degenerative bone diseases and the increasing geriatric population. According to a UNFPA report, the percentage of the geriatric population in the Asia Pacific region is increasing at an alarming rate. It also stated that between 2010 and 2050, the number of people above 60 years will reach a staggering 1.3 billion.