The Global Orthopedic
Trauma Devices Market, by Fixator Type (Internal Fixator [Screws, Plates,
Nails, and Others], External fixator), by Material (Non-absorbable [Titanium,
Stainless steel, and Other] and Bio-absorbable), by End User (Hospitals,
Orthopedic Clinic, and Ambulatory Surgical Centers), and by Region (North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was
valued at US$ 4,915 million in 2016 and is projected to exhibit a CAGR of 5.3%
over the forecast period (2017 – 2025).
The orthopedic trauma devices
market is expected to gain significant traction with rising incidence of
fractures due to road accidents, falls, and old age. Furthermore, increasing
number of people suffering from osteoarthritis is expected to be another factor
for growth of the market. For instance, by 2040, the number of adults in the
U.S., with doctor-diagnosed arthritis is projected to be 78.4 million,
according to International Osteoporosis Foundation statistics, and around 1.6
million hip fractures occur worldwide each year.
This number could reach 4.5
million by 2050. Therefore, there is increasing demand for plates, screws,
nails, and other implants such as staples and bridge for treatment of
fractures. Emerging economies such as China and India are characterized by high
prevalence of falls and road injuries. According to World Health Organization
factsheet in 2018, 80% of worldwide fatal falls are reported from low and
middle income countries. Asia Pacific region faces one of highest incidence of
falls worldwide according to World Health Organization’s 2018 factsheet. This
is another factor aiding in growth of the market.
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New product launches,
collaboration, and mergers by key players is expected to drive growth of the
orthopedic trauma devices market
Key players are launching new and
innovative products in screws, plating systems, and other orthopedic trauma
devices, in order to cater to increasing demand by end users, thereby expanding
their market share. For instance, in 2017, DePuy Synthes received 510(k)
clearance from the U.S. Food and Drug Administration (FDA) for the VIPER and
EXPEDIUM Fenestrated Screw Systems. This system provide stabilization and
palliative treatment for patients suffering from spinal cord compression, due to
advanced stage tumors.
In 2015, DePuy Synthes launched
two new variable angle plating systems featuring its proprietary variable angle
locking technology. DePuy Synthes also launched an external circular fixation
device named MAXFRAME Multi-Axial Correction System, in 2017, which can be used
to correct bone or soft tissue deformities in the arm, leg, foot or ankle. In
2016, Zimmer Biomet received 510(k) clearance from the U.S. Food and Drug
Administration for the Unite3D Bridge Fixation System. In 2017, company (Zimmer
Biomet) showcased its innovative products in trauma segment such as A.L.P.S.
Proximal Humerus Plating System, N-Force Fixation System. In 2015, Smith &
Nephew launched its TRIGEN META-TAN (Trochanteric Antegrade Nail) System at the
Orthopedic Trauma Association’s (OTA) annual meeting in San Diego, U.S.
Browse 65 Market Data Tables and
40 Figures spread through 180 Pages and in-depth TOC on “Orthopedic Trauma
Devices Market- by Fixator Type (Internal Fixator [Screws, Plates, Nails, and
Others], External fixator), by Material (Non-absorbable [Titanium, Stainless
steel stand, and Other] and Bio-absorbable), by End User (Hospitals, Orthopedic
Clinic, and Ambulatory Surgical Centers), and by Region (North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to
2025”
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Report: https://www.coherentmarketinsights.com/market-insight/orthopedic-trauma-devices-market-130
Companies are focusing on
collaborative agreements, in order to expand their presence in emerging
markets. For instance, in 2016, Stryker Corporation entered into collaboration
with Indo UK Institute of Health's (IUIH) Medicity Program, to serve as a
preferred partner in the orthopedic areas of hip, knee, and trauma products and
services in India. Smith and Nephew launched Atlas Hip Fracture Nail in
emerging markets such as South Africa and India, in 2017, to expand presence in
these regions. Companies are also focusing on strategic mergers and
acquisitions, in order to expand its footprint in the orthopedic trauma devices
market.
For instance, in 2015, Smith
& Nephew plc acquired the trauma and orthopedics business of DeOst LLC and
DC LLC, which is a manufacturing company in DeOst group from Russia. DeOst
distributed Smith & Nephew’s products in Russia. In 2013, Smith &
Nephew bought Adler Mediequip Private Limited, which was a mid-tier trauma
business in India, and also acquired a direct presence in Turkey through buying
assets related to the distribution of its orthopedic reconstruction, trauma,
and sports medicine products in Turkey. In March, 2016 Zimmer Biomet entered
into an exclusive global distribution agreement with CelgenTek Innovations
Corporation, for its N-Force Fixation System and iN3 Cement.
Key Takeaways of the Orthopedic
Trauma Devices Market:
The global orthopedic trauma
devices market is expected to exhibit a CAGR of 7.3 % over the forecast period,
owing to growth in injuries from trauma associated incidences and rising
population suffering from bone degenerative diseases.
Among fixator types, internal
fixator segment, which includes the screws, nails, plates, and specialized
implants is expected to be the dominant in the market, due to increasing demand
of these devices in trauma incidence as trauma is often characterized by bone
fracture. Among material types, metallic devices segment is expected to account
for larger share, due to the easy availability and low cost. However,
bio-absorbable is slowly gaining traction in the market. Amongst end users,
hospital segment is expected to be the largest segment, in terms of revenue
share, to large number of orthopedic trauma patients admitted in hospitals as
compared to ambulatory surgical centers and orthopedic clinics. According to
study published in journal Injury in 2016 there were 20,659,684 traumatic
injury discharges from US hospitals between 2000 and 2011.
North America is expected to be
the dominant market for orthopedic trauma devices, due to high incidence of
sport related injuries, high probability of fracture in population aged over
50, and rising geriatric population(47.8 million in 2015).
Some of the major players
operating in orthopedic trauma devices market are DePuy Synthes (a Johnson
& Johnson Company) Stryker Corporation, Zimmer Holding Inc., Smith &
Nephew plc, and Biomet, Inc. Other prominent players are Braun Melsungen AG,
Arthrax, Inc., Medtronic Inc., Integra LifeSciences Corporation, Orthofix
International, NuVasive, and Conmed Corporation
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