The global Orthopedic Trauma Devices Market expected to grow at the CAGR of 8%.
Orthopedic trauma is a type of severe injury occurred in musculoskeletal system like bones, joints, or ligaments. In some cases, it presents a life-threatening medical emergency while in some it is a need of urgent attention but the patient is not in imminent danger. The market for orthopedic trauma devices is booming. Due to the rise in the number of fractures due car accidents and sports injuries has projected the growth in this market. Furthermore, increase in emergency cases and product availability has shoot the market for orthopedic trauma devices.
Some of the key factors which can hamper the growth of this market is the rising cost of procedures due to advancement in technology and less availability of super specialized professionals in this field. The market for orthopedic trauma devices can be segmented on the basis of material type that includes bioabsorbable material, non-absorbable material among others. Bioabsorbable material are used as these materials are biocompatible, with degradation products that are well tolerated by the host with no immunogenic or mutagenic tendency while non-absorbable material are those substances which are not degradable and need to be removed after sufficient healing of the injury.
Orthopedic trauma is a type of orthopedic surgery to heal the injuries happened to the musculoskeletal system of the body after trauma. It may lead to traumatic amputations, dislocations, connective tissue injuries and damage of soft tissues. Orthopedic trauma devices plays a key role during surgical treatment of traumatic orthopedic injuries. Increase in road accidents and severe fracture incidences worldwide are some of the factors driving the market for orthopedic trauma device.
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Key Players for Global Orthopedic Trauma Devices Market:
- Invibio (UK)
- BIOTEK (India)
- Auxein Medical (India)
- Johnson & Johnson Services, Inc. (US)
- DePuy Synthes Companies
- Ortho Max Manufacturing Company Pvt. Ltd.
- NuVasive, Inc.
- Orthofix Holdings, Inc. (Italy)
- Smith & Nephew
- B. Braun Melsungen AG
Depending on geographic region, orthopedic trauma devices market is segmented into four key regions: North America, Europe, Asia Pacific, and Middle East & Africa. Globally, North America is the largest market for orthopedic trauma devices as they deploy the most advanced healthcare technologies and increasing demand for the reliable and cost effective products. Europe is the second-largest market for clinical trial management system. Asia pacific region is expected to be fastest growing region in orthopedic trauma devices market due to increasing healthcare expenditure.
Global orthopedic trauma device market has been segmented on the basis of material type which comprises of bioabsorbable materials, non-absorbable materials and others. On the basis of product type; the market is segmented into screws, plates, patient specific implants and others. On the basis of end users; market is segmented into hospitals, rehabilitation centers, clinics and others.
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The report of Global Orthopedic Trauma Devices Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in of the market. The report provides detail information and strategies of top key players in the industry also gives a broad study of different markets segments and regions.
We are thankful for the support and assistance from Global Orthopedic Trauma Devices Market – Forecast to 2022 chain related technical experts and marketing experts during Research Team survey and interviews.
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