Global Orthopedic Trauma Devices Market Size, Share, Forecast Report, 2020-2027

The global orthopedic trauma devices market is expected to register an approximate CAGR of 8% during the forecast period. Devices used to treat traumatic orthopedic injuries are termed as orthopedic trauma devices. The most common orthopedic injuries are distal radius fracture, stress fractures, rotator cuff tear, shoulder dislocation/labral tear, meniscus tear, anterior cruciate ligament (ACL) tear, and others. The increase in a number of accidents and severe fracture incidences are key factors for the market growth. According to the Association for Safe International Road Travel (ASIRT) approximately, 3,287 people die every day due to road accidents and 20 to 50 million are injured. It also mentioned that if actions are not taken, road accidents can be among the top five causes of death by 2030. Such high incidences of road accidents drive the market growth. Furthermore, technological advancements, increase in adoption of minimally invasive surgical procedures, increased prevalence of osteoarthritis, and orthopedic sports injury are also expected to drive the growth of the orthopedic trauma devices market.

However, factors such as high cost of orthopedic surgeries and the prevalence of product recalls are expected to hinder the market growth during the forecast period.

Segmentation

The global orthopedic trauma devices market is segmented on the basis of material type, product type, and end-user. The global orthopedic trauma devices market, by material type, is segmented into bioabsorbable materials, non-absorbable materials, and others. Bioabsorbable materials are categorized into Polyglycolic Acid (PGA), Polylactic Acid (PLA), and others. The non-absorbable materials segment is categorized into titanium, stainless steel, and others. The product type segment is further segmented into internal fixator and external fixator. The internal fixator segment consists of screws, plates, nails, patient-specific implants, and others. The external fixator segment includes rigid casts, unilateral frames, circular frames, and others. On the basis of end-user, the global orthopedic trauma devices market is segmented into hospitals and clinics, ambulatory surgical centers, orthopedic centers, emergency departments, and others. On the basis of region, the global orthopedic trauma devices market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.
Key players

Some of the key players for the global orthopedic trauma devices market are Invibio (UK), BIOTEK (India), DePuy Synthes Companies, Ortho Max Manufacturing Company Pvt. Ltd., Auxein Medical (India), Stryker, Johnson & Johnson Services, Inc. (US), Smith & Nephew, MEDTRONIC, B. Braun Melsungen AG, Zimmer Holding Inc, Integra LifeSciences Corporation, and others.

Market Segmentation and Key Market Players

Global Orthopedic Trauma Devices Market, by Material Type

• Bioabsorbable Materials
  • Polyglycolic Acid (PGA)
  • Polylactic Acid (PLA)
  • Other
• Non-Absorbable Materials
  • Titanium
  • Stainless Steel
  • Other
• Others

Global Orthopedic Trauma Devices Market, by Product Type

• Internal Fixator
  • Screws
  • Plates
  • Nails
  • Patient-Specific Implants
  • Others
• External fixator
  • Rigid Casts
  • Unilateral Frames
  • Circular Frames
  • Others

Global Orthopedic Trauma Devices Market, by End-Users

• Hospitals and Clinics
• Ambulatory Surgical Centers
• Orthopedic Centers
• Emergency Departments
• Others