The trauma products market is expected to reach USD 8.43 billion by 2022 from USD 5.98 billion in 2017, at a CAGR of 7.1% during the forecast period. Growth in geriatric population, the high prevalence of bone degenerative diseases, increasing incidence of road accidents & falls, and increasing sports injuries are driving the growth of the trauma products market. On the other hand, allergies associated with the implantation of trauma products and the lack of trained professionals may hinder the growth of the market in the coming years.
“Internal fixators are expected to witness high growth during the forecast period.”
Based on type, the trauma products market is segmented into internal fixators, external fixators, and other trauma products. Internal fixators are expected to register the highest CAGR during the forecast period. The high incidence of trauma injuries and increasing aging population is a key factor driving the growth of this segment.
“Lower extremities to dominate the trauma products market.”
Based on surgical site, the trauma products market is segmented into upper extremities and lower extremities. The lower extremities segment is expected to dominate this market with the largest share in 2017. The large share of this segment can be attributed to the increasing incidence of road accidents and sports injuries.
“North America to dominate the market and Asia to witness high growth during the forecast period.”
In 2017, North America is expected to account for the largest share of the trauma products market. Factors such as growing number of trauma cases and the subsequent increase in the number of trauma procedures are supporting the growth of the trauma products market in the region. Also, Asia is expected to register the highest CAGR during the forecast period. The growth in this region is mainly attributed to the large population base in Asian countries (India and China account for over one-third of the global population) and the growing geriatric population.
The primary interviews conducted for this report can be categorized as follows:
• By Company Type: Tier 1 – 36%; Tier 2 - 41%; Tier 3 - 23%.
• By Designation: C-level- 25%; D-level- 29%; Others- 46%.
• By Region: North America–40%; Europe-20%; Asia-33%; RoW-7%.
List of Companies Profiled in the report
• DePuy Synthes
• Stryker Corporation
• Zimmer Biomet Holding Inc.
• Smith & Nephew
• Accumed LLC
• Arthrex Inc.
• B. Braun Melsungen AG
• Cardinal Health
• Citieffe S.R.L.
• Conmed Corporation
• Double Medical Inc.
• Integra LifeSciences Corporation
• Medtronic plc
• Orthofix Holdings Inc.
• Wright Medical Group N.V.
The report provides an overview of the trauma products market. It aims at estimating the market size and future growth potential of this market across different segments such as type, surgical site, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them with the closest approximations of the revenue numbers for the overall trauma products market and its subsegments. This report will help stakeholders to understand the competitor landscape better and gain insights to position their businesses better and make suitable go-to-market strategies. The report also help the stakeholders understand the pulse of the market and provide them with information regarding key market drivers, challenges, and opportunities.