In 2020, the global trauma devices market reached a valuation of USD 8,099.8 Million, and it is projected to reach USD 12.93 Billion by 2028, growing at a compound annual growth rate (CAGR) of 6.2%. Trauma refers to injuries such as fractures, burns, bone dislocations, and others that result from severe accidents. Trauma devices are utilized in the treatment of these injuries. Accidents or external forces that cause injuries are categorized as trauma, and the market is significantly driven by numerous cases of road traffic accidents that result in serious injuries. It is estimated that over 28% of vehicle accidents lead to trauma injuries.
The increasing prevalence of bone fractures due to arthritis and osteoporosis in the geriatric population is a key factor driving the market. According to the World Health Organization, 13 to 18% of women in the US aged over 50 years have osteoporosis, and 37 to 50% have osteopenia, a condition characterized by reduced bone mass but less severe than osteoporosis. Among men, 3% to 6% have osteoporosis, while 28% to 47% have osteopenia. Extensive technological advancements in trauma devices are taking place as healthcare providers and device manufacturers collaborate to deliver state-of-the-art products that incorporate technology and innovation. These devices are designed with improved patient usability and are expected to contribute to patients' health and recovery.
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Companies considered and profiled in this market study
The key players in the Trauma devices market are Siemens, Cardinal Health, Abbott. Depuy Synthes (Johnson and Johnson), Acumed LLC, B. Braun Melsungen AG, Integra LifeSciences, Smith Nephew, Zimmer Biomet Holdings Inc., Stryker Corporation,
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Factors Driving the Trauma Devices Market:
- Increasing Incidence of Traumatic Injuries: The rising number of traumatic injuries caused by accidents, falls, and sports-related activities is a significant driver for the trauma devices market. These devices are essential for the treatment and management of fractures, dislocations, and other trauma-related injuries.
- Growing Geriatric Population: The aging population is prone to fractures and other trauma injuries due to factors such as reduced bone density and increased susceptibility to falls. As the geriatric population continues to expand, the demand for trauma devices to address age-related injuries is increasing.
- Technological Advancements: Continuous advancements in trauma devices, including implants, instruments, and fixation techniques, are driving market growth. Technological innovations, such as improved materials, minimally invasive procedures, and enhanced biomechanical stability, contribute to better patient outcomes and drive adoption.
- Favorable Reimbursement Policies: Favorable reimbursement policies for trauma devices in many healthcare systems encourage the use of these devices. Adequate reimbursement coverage helps ensure affordability and accessibility, thereby driving market growth.
Factors Restraining the Trauma Devices Market:
- High Cost of Devices: The cost of trauma devices, including implants and instruments, can be a significant restraint. The high upfront costs associated with these devices, along with the need for specialized surgical expertise, may limit their adoption, particularly in regions with limited healthcare resources or in patients with financial constraints.
- Complications and Risks: The potential risks and complications associated with trauma devices, such as infection, implant failure, and tissue damage, can impact market growth. Surgeons and patients may be cautious or hesitant about using these devices due to concerns about adverse events.
- Stringent Regulatory Requirements: The trauma devices market is subject to stringent regulatory requirements, including product approvals and quality standards. Compliance with these regulations can be time-consuming and costly, creating barriers to market entry for new players and slowing down innovation.
- Limited Awareness and Training: Adequate training and awareness among healthcare professionals are crucial for the effective utilization of trauma devices. Insufficient knowledge or training may lead to suboptimal outcomes or reluctance to adopt newer technologies, restraining market growth.
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Table of Content
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2028
Chapter 3. Indicative Metrics
3.1. Macro-Economic Indicators
3.1.1. Increasing incidences of fractures
3.1.2. Growing prevalence of roadside accidents
Chapter 4. Global Trauma devices Segmentation Impact Analysis
4.1. Global Trauma devices Segmentation Analysis
4.2. Industrial Outlook
4.3. Market Indicators Analysis
4.3.1. Market Drivers Analysis
4.3.1.1. Increasing fractures due to osteoporosis and arthritis
4.3.1.2. Growing advancements in RD
Continue…
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