Global Trauma Fixation Devices Market Size, Trends & Growth Opportunity By Product (Triclopyr, Diquat, Imazapyr), By Distribution Channel (Ambulatory Surgical Centers, and Hospitals), By Region and Forecast till 2027.
Global Trauma Fixation Devices Market
The global trauma fixation devices market was valued at USD 8654 million in 2019 which is expected to reach at USD 12650 million by 2027, at a CAGR 7.71 %from 2022-2027.
Trauma refers to physical injuries such as fractures, burns, strains, and sprains that are produced by an external source such as fire or an accident. Furthermore, the CDC (Centers for Disease Control and Prevention) defines trauma as any damage or wound produced by an external source or violence. Trauma fixation devices are used to treat or repair wounds.
Market Drivers
The rise in the number of traffic accidents is the primary factor projected to drive the worldwide trauma fixation devices market's growth. For example, the World Health Organization (WHO) estimates that over 1.25 million people die each year as a result of traffic accidents. Furthermore, rising occurrences of bone degenerative illnesses will boost worldwide trauma fixation device market growth. Furthermore, technological improvements and innovations in the medical device industry are likely to drive the worldwide trauma fixation devices market's growth.
Market Restraints
However, a lack of educated professionals is projected to limit the growth of the worldwide market for trauma fixation devices market. Furthermore, strict laws and regulations would have an impact on the growth of the worldwide market for trauma fixation devices market.
Market Segmentation
Global Trauma Fixation Devices Market is segmented into type such as Internal Fixators (Plates & Screw, Rods& Pins & Others), and External Fixators (Uniplanar & Biplanar Fixators), by site such as Upper Extremity, and Lower Extremity. Further, the global trauma fixation devices market is segmented into end use, such as ambulatory Surgical Centers, and hospitals.
Regional analysis
Also, Global Trauma trauma fixation devices market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Market Key Players
Various key players are discussed in this report, such as Johnson & Johnson, Stryker Corporation, Arthrex, Inc., B. Braun Melsungen AG, Conmed Corporation, Integra Lifesciences Holdings Corporation, Zimmer Biomet, and Smith & Nephew.
Market Taxonomy
By Type
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