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Global Trauma Fixation Device Market Report 2022: Market will Reach US$ 10.42 Billion by 2027 from US$ 7.49 Billion in 2021
Global Trauma Fixation Devices Market
Dublin, May 03, 2022 (GLOBE NEWSWIRE) -- The "Global Trauma Fixation Device Market, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Trauma Fixation Devices Market will reach US$ 10.42 Billion by 2027 from US$ 7.49 Billion in 2021
Trauma refers to physical injuries such as burns, dislocations, fractures, sprains, and strains produced by an external source (fire or accident). Furthermore, trauma is defined by the Centers for Disease Control and Prevention (CDC) as "a damage or wound to a live body produced by the application of external force or violence.
Furthermore, various techniques are available to treat trauma, and their use by surgeons is determined by the degree of the injury. Surprisingly, one of the essential treatment approaches for the aforementioned medical disorders is trauma fixation devices.
Global Trauma Fixation Devices Industry is expected to expand at a CAGR of 5.7% during 2021-2027:
Globally, companies are developing technologically improved goods to meet the increased need for trauma fixation devices while gaining market share.
Drug-eluting implants, bioresorbable implants, and nano-coated devices, among other technologically advanced goods, have significantly boosted the use of trauma fixation devices in surgery centers and hospitals. Trauma fixation devices have experienced revolutionary technological and user-friendliness modifications, resulting in increased market growth.
Throughout The Forecast Period, Internal Fixators Are Expected to Dominate:
Internal trauma fixation devices will account for more than half of the market by 2027, owing to a strong patient preference for internal fixators due to improved procedural outcomes. Internal fixators also enable faster recovery and shorter hospital stays, influencing market demand.
Internal fixators also lower the chances of damaged bones not healing correctly, increasing the industry's value. Various players are concentrating their efforts on developing biocompatible devices, resulting in market revenue.
The Impact of COVID-19 on the Global Trauma Fixation Devices Market:
The COVID-19 pandemic has substantially impacted world economies, with all industries experiencing considerable declines in 2020. The healthcare industry was severely damaged since the pandemic put enormous strain on healthcare institutions to contain infection transmission.
Many treatments and surgical procedures were documented to be suspended or postponed indefinitely during the pandemic due to the non-essential essence of trauma fixation operations. As a result, during the earlier months of the pandemic, demand for trauma fixation devices was low, stifling the industry's growth.
The Trauma Fixation Devices Market in Hospitals Will Benefit from Quick and Cost-Effective Results:
Hospitals for trauma fixation treatments are expected to grow until 2027, owing to an increase in the frequency of sports-related injuries and vehicle accidents.
Furthermore, an increase in multispecialty hospitals to provide proper trauma care, primarily in emerging nations such as India, will boost industry revenue. Likewise, the low-cost treatments given by various government institutions in low-income countries will serve as a significant market expansion catalyst.
The Existence of Key Players in the North American Market to Stimulate Market Growth:
Over the years, the market for trauma fixation devices in North America has remained significant. The presence of key market leaders such as Stryker Corporation will substantially impact the industry in North America.
Furthermore, the increased prevalence of orthopedic illnesses such as osteoporosis and rheumatoid arthritis will propel trauma fixation devices. Moreover, as arthritis is the most common cause of disability in the population, the need for trauma fixation devices in North America is rising.
Market Players' Growth Strategies Are Centred On Expanding Their Customer Base:
To obtain a significant revenue share, these market actors used various mergers and acquisitions, collaborations, and new product launches.
Zimmer Biomet
Orthofix Medical Inc
B. Braun Meslungen AG
Stryker
Medtronic
Smith & Nephew
Integra LifeSciences
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Trauma Fixation Device Market
6. Market Share - Global Trauma Fixation Device Analysis
6.1 By Products
6.2 By End User
6.3 By Regions
7. Products - Global Trauma Fixation Device Market
7.1 External Fixators
7.2 Internal Fixators
7.3 Others
8. End User - Global Trauma Fixation Device Market
8.1 Hospitals
8.2 Special Clinics
8.3 Ambulatory Surgery Centers
8.4 Others
9. Region - Global Trauma Fixation Device Market
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 South America
9.5 Middle East and Africa
10. Porters Five Forces
10.1 Overview
10.2 Bargaining Power of Buyers
10.3 Bargaining Power of Suppliers
10.4 Degree of Competition
10.5 Threat of New Entrants
10.6 Threat of Substitutes
11. Company Analysis
11.1 Overview
11.2 Recent Developments
11.3 Revenue
For more information about this report visit https://www.researchandmarkets.com/r/c30xd6
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