The trauma fixation devices market is expected to witness steady growth, and this is expected to be primarily driven by increasing demand for trauma fixation devices in hospital departments, as well as outpatient surgery.

According to the World Health Organization, 2020, more than 1.35 million people die every year as a result of road traffic crashes and accidents. Road traffic injuries are the leading cause of death among people aged between 15 and 29 years. Every year the lives of more than 1.35 million people are cut short as a result of a road traffic crash. Between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury. Hence, these above-stated statistics shows that the increasing number of road injuries and accidents is affecting the global population, which is ultimately increasing the demand for trauma fixation devices in healthcare facilities. The demand for trauma fixation devices is growing due to the advantages of advanced products such as bioresorbable implants, drug-eluting implants, and nano-coated devices.

The other driving factors also include growth in geriatric population, high prevalence of bone degenerative diseases, and increasing cases of sports injuries worldwide.

Key Market Trends

Internal Fixators segment is Expected to Hold a Major Share in the Trauma Fixation Devices

By type, the trauma fixation devices market is segmented into Internal Fixators and External Fixators. The internal fixator segment of the market will witness significant growth in the forecast years and is expected to have a positive contribution to market growth, as it has certain benefits such as shorter hospital stay and early functionality for patients. These devices provide immobilization at the fracture site and allow the primary bone healing process by callus formation. The increasing cases of accidents and the aging population is expected to boost the growth of the market during the forecast period.

North America is expected to Dominate the Market, Over the Forecast Period

Based on the geographic region, the market is segmented into North America, Europe, Asia Pacific, Middle-East & Africa, and South America. North America is expected to witness a surge in the future due to the increasing number of geriatric patients suffering from osteoporosis and other bone diseases, increasing incidents of burn cases. According to JAMA (The Journal of the American Medical Association), By 2020, approximately 12.3 million individuals in the United States older than 50 years are expected to have osteoporosis, which is expected to drive the market growth, over the forecast period.

Competitive Landscape

The Major Players in the Trauma Fixation Devices Market includes - Medtronic PLC, Cardinal Health Inc., Stryker Corporation, Smith & Nephew, Johnson & Johnson, Zimmer Biomet, Integra Lifesciences Holdings Corporation, Conmed Corporation, B. Braun Melsungen AG and Arthrex, Inc., among others.

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