Trauma and Extremities Devices Market Growth Report by 2031

Trauma and Extremities Devices Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Device Type (Internal Fixation Devices, External Fixation Devices, Craniofacial Devices, Long Bone Stimulation, and Others), End User (Hospitals, Clinics, and Others), and Geography

  • Report Code : TIPRE00007345
  • Category : Medical Device
  • No. of Pages : 150
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Trauma and Extremities Devices Market Growth Report by 2031

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The trauma and extremities devices market size is projected to reach US$ 17.72 billion by 2031 from US$13.43 billion in 2023. The market is expected to register a CAGR of 3.8% in 2023–2031. Increasing use of non-metallic fixators and bioabsorbable fixators are likely to remain key trends in the trauma and extremities devices market.

Trauma and Extremities Devices Market Analysis

According to the World Health Organization (WHO), road traffic crashes result in the death of approximately 1.19 million people every year, and between 20 and 50 million people are suffer from non-fatal injuries that hamper their daily life. On similar lines, the Indian Ministry of Road Transport and Highways (MORTH) and the National Crime Records Bureau (NCRB) provide the estimates of road crashes based on police data. As per the report, nearly 371,884 non-fatal road traffic injuries were reported in 2021, although the figure mentioned may be underestimated. Thus, the growing number of road traffic accidents that result in bone deformities escalate the demand for trauma and extremities devices.

Trauma and Extremities Devices Market Overview

The growth of the trauma and extremities devices market is attributed to the rising prevalence of road crashes that endure non-fatal injuries and the growing aging geriatric population prone to fractures due to reduced bone density. However, the high cost of trauma and extremity devices is a major factor hindering the market growth. The global trauma and extremities devices market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. In North America, the US held the largest market share due to the presence of key players and rising number of injuries caused by trauma. In addition, continuous product developments is expected to stimulate the growth of trauma and extremities devices market in North America.

Asia Pacific is expected to account for the fastest growth in the trauma and extremities devices market. The improving healthcare facilities and increasing cases of bone degenerative disorders in Asia Pacific are likely to fuel the growth of the market.

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Trauma and Extremities Devices Market: Strategic Insights

Trauma and Extremities Devices Market

  • CAGR (2023 - 2031)
    3.8%
  • Market Size 2023
    US$13.43 Billion
  • Market Size 2031
    US$ 17.72 Billion

Market Dynamics

GROWTH DRIVERS
  • Growing Cases of Osteoporosis Bone Deformation in Adults and Newborns
  • Increasing cases of bone degenerative disorders in elderly population
FUTURE TRENDS
  • Increasing use of non-metallic fixators and bioabsorbable fixator
OPPORTUNITIES
  • Increasing funding for trauma treatment

Key Players

  • Stryker
  • Zimmer Biomet
  • Smith & Nephew
  • Wright Medical Group N.V
  • Advanced Orthopaedic Solutions
  • Integra LifeSciences Corporation
  • Acumed LLC
  • Orthofix Holdings, Inc
  • Medartis AG
  • Corin

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Device Type
  • Internal Fixation Devices
  • External Fixation Devices
  • Craniofacial Devices
  • Long Bone Stimulation
  • Other Trauma Devices
End User
  • Hospitals
  • Clinics
  • Others
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Trauma and Extremities Devices Market Drivers and Opportunities

Increasing Cases of Bone Degenerative Disorders in Elderly Population to Favor Market

Elderly people are at a greater risk of falls, and minor accidents can cause fractures or bone breakage due to the tendency of muscles and bones to wear off with age. Osteoporosis and other conditions that affect older people may further raise the risk of bone breakage. Thus, an upsurge in the elderly population is correlated with the soaring number of orthopedic injuries and disorders, which creates the demand for trauma and extremities devices. According to the Osteoarthritis (OA) Action Alliance, 88% of people with OA are at least 45 years old, and 43% are 65 or older in the US. Thus, the growing number of road traffic accidents escalates the demand for trauma and extremities devices.

Increasing Funding for Trauma Treatment – An Opportunity

In July 2021, the Substance Abuse and Mental Health Services Administration contributed US$ 62.4 million in grant funding to provide and increase access to effective treatment and service systems across the US. These funds aim to help children, adolescents, and their families who have experienced traumatic events. The White House will also provide additional support through US$ 800,000 in American Rescue Plan (ARP) funding. Thus, increasing funding for trauma treatment is likely to create significant opportunities in the trauma and extremities devices market.

Trauma and Extremities Devices Market Report Segmentation Analysis

Key segments that contributed to the derivation of the trauma and extremities devices market analysis are device type and end user.

  • Based on device type, the trauma and extremities devices market is segmented into internal fixation devices, external fixation devices, craniofacial devices, long bone stimulation, and others. The internal fixation devices segment held the largest market share in 2023.
  • By end user, the market is segmented into hospitals, clinics, and others. The hospitals segment held the largest market share in 2023.

Trauma and Extremities Devices Market Share Analysis by Geography

The geographic scope of the trauma and extremities devices market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America dominated the trauma and extremities devices market. According to Centers for Disease Control and Prevention estimates, 21.2% of adults in the US, or 53.2 million people, had doctor-diagnosed arthritis from 2019 to 2021. Due to rising incidences of bone degenerative disorders in the region, North America held the largest share of the market in 2022. An inclination toward the development of technologically advanced products and the presence of global market players are factors contributing to the dominance of North America in the trauma and extremities devices market.

Trauma and Extremities Devices Market News and Recent Developments

The trauma and extremities devices market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments and strategies in the market for trauma and extremities devices:

  • Stryker launched its Gamma4 Hip Fracture Nailing System in most European markets. This newest Gamma system is designed to provide surgeons with the next generation of Stryker's intramedullary nailing system, and it is specifically designed to treat hip and femur fractures. The Gamma4 system aims to streamline procedural workflows for surgeons. In September 2023, the system received CE certification in Europe. (Source: Stryker, Press Release, 2023)
  • DePuy Synthes, the Orthopaedics Company of Johnson & Johnson, launched the UNIUM System as the newest addition to its Power Tools portfolio. The system is designed with a commitment to ergonomics, reliability, and efficiency in the trauma setting. It can be used across small bone, sports medicine, spine, and thorax procedures. (Source: Johnson & Johnson, Press Release, 2021)

Trauma and Extremities Devices Market Report Scope

Report Attribute Details
Market size in 2023 US$13.43 Billion
Market Size by 2031 US$ 17.72 Billion
Global CAGR (2023 - 2031) 3.8%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Device Type
  • Internal Fixation Devices
  • External Fixation Devices
  • Craniofacial Devices
  • Long Bone Stimulation
  • Other Trauma Devices
By End User
  • Hospitals
  • Clinics
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Stryker
  • Zimmer Biomet
  • Smith & Nephew
  • Wright Medical Group N.V
  • Advanced Orthopaedic Solutions
  • Integra LifeSciences Corporation
  • Acumed LLC
  • Orthofix Holdings, Inc
  • Medartis AG
  • Corin
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Trauma and Extremities Devices Market Report Coverage and Deliverables

    The “Trauma and Extremities Devices Market Size and Forecast (2022–2030)” report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    What was the estimated trauma and extremities devices market size in 2023?

    The trauma and extremities devices market was valued at US$ 13.43 billion in 2023.

    What are trauma and extremities?

    Orthopedic trauma describes all kinds of injuries affecting the bones, muscles, joints, and ligaments in any part of the body that are caused by trauma. The term may refer to minor fractures or severely broken bones with a direct threat to life.

    What are the growth estimates for the trauma and extremities devices market till 2031?

    The trauma and extremities devices market is expected to be valued at US$ 17.72 billion in 2031.

    Which device type segment dominates the trauma and extremities devices market?

    Based on device type, the trauma and extremities devices market is segmented into internal fixation devices, external fixation devices, craniofacial devices, long bone stimulation, and others. The internal fixation devices segment held the largest market share in 2023.

    Who are the major players in the trauma and extremities devices market?

    The trauma and extremities devices market majorly consists of the players, including Stryker, Zimmer Biomet, Smith & Nephew, Wright Medical Group N.V, Advanced Orthopaedic Solutions, Integra LifeSciences Corporation, Acumed LLC, Orthofix Holdings, Inc, Medartis AG, Corin, Matrix Meditec Private Limited, Electramed Ltd., and Miraclus.

    What factors drive the trauma and extremities devices market?

    Key factors driving the trauma and extremities devices market growth are rising number of road accidents and increasing cases of bone degenerative disorders in elderly population.

    The List of Companies - Trauma And Extremities Devices Market

    1. Stryker
    2. Zimmer Biomet, Smith & Nephew
    3. Wright Medical Group N.V
    4. Advanced Orthopaedic Solutions
    5. Integra LifeSciences Corporation
    6. Acumed LLC
    7. Orthofix Holdings, Inc
    8. Medartis AG
    9. Corin
    10. Matrix Meditec Private Limited

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