Globally, the orthopaedic trauma fixation devices market is witnessing a significant growth due to increase in incidence of fractures cases and increasing demand for better facility in orthopedic trauma surgeries. As a result the market is expected to grow at a CAGR of about 7.2% during 2014-2020.
Albany, NY -- (SBWIRE) -- 11/05/2015 -- Orthopedic trauma is referred to a severe injury to the musculoskeletal system including bone or joints. Treatment of this injury usually requires an orthopedic trauma surgery, which involves various fixation devices, such as internal and external fixators to fix the fractures. Some of the internal fixators include Intramedullary Nails (IM Nails), IM Screws and plate and screw system. IM Nail is an orthopedic device that is used to treat fractured and broken bones. It is most commonly used device for treatment for tibia and femoral shaft injuries. Plate and screw system is used for stabilizing and fixation of long bone fractures.
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There are various types of plates and screw systems available, such as straight plates, T-plates, tubular plates, buttress plates, H-plates, Y-plates, and cloverleaf plates. Trauma fixators may be made of metals and its alloys or bioabsorbable materials. Titanium alloys are currently the most widely used trauma fixation devices, followed by alloys of stainless steel. Bioabsorbable materials are new to the market and have gained much popularity. Various compounds, such as polyglycolide and polylactide, are used to manufacture orthopedic implants which can be absorbed within the body.
On the basis of the type of fixator, internal fixator holds the largest market in the global orthopedic trauma fixation devices market. North America has the largest market for orthopedic trauma fixation devices followed by the Asia and Europe. Asia has the fastest growing market for trauma fixation device market.
Increase in incidence of fractures, increase healthcare expenditure and positive clinical outcomes involved act as some of major key drivers for the global orthopedic trauma fixation devices market. In addition, rising number of sports injuries and lack of availability of substitutes are also expected to drive the market for orthopedic trauma fixation devices. According to Healthcare Cost and Utilization Project (HCUP), by Agency for Healthcare Research and Quality (AHRQ), in the U.S., the number of fracture cases treated in hospitals had increased about 2% from 2008 to 2009 and reached to 1.93 million fractures in 2009.
High cost of surgery, lack of awareness, absence of health insurance in the developing countries and risk of double surgery involved are some of the major restrains in the market for orthopedic trauma fixation devices. In addition, a chance of infection is also one of the major restrains faced by trauma fixation device market.
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Increase in aging population, rising number of road accidents and increased government funding holds immense potential for orthopedic trauma fixation device market. Orthopedic trauma fixation device market is one of the fastest growing segments of the global medical devices market.
Some of the major players operating in the orthopedic trauma fixation devices market are DePuy Synthes, a Johnson & Johnson company. Others major companies operating in the market are Medtronic, Inc., CONMED, Tornier, Inc., Arthrex, Inc., Smith & Nephew and Stryker.
The report segments the market under four geographies: North America, Europe, Asia Pacific and Rest of the World (RoW). The report provides the market size and forecast for the different segments under these geographies for the period of 2009 to 2020. The report provides Porters Five Forces Analysis and competitive benchmarking of global orthopedic trauma fixation device market for the period of 2009 to 2020.
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