The global trauma products market size is expected to reach USD 9.41 Billion in 2028 and register a CAGR of 8.1% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are major prevalence of degenerative bone diseases such as osteoarthritis and rheumatoid arthritis, increasing global geriatric population, rising investment by private investors and governments in development of medical devices and high preference for minimally invasive surgeries.
Trauma is a medical term that refers to sudden physical injuries that require immediate medical treatment. Trauma can be two types mental and physical trauma due to sudden accident, violent attacks or physical injuries. Trauma products are primarily used in hospitals & trauma centers, and ambulatory surgery center. Hospitals & trauma centers segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing number of private hospitals in developing countries and high preference for hospital-based treatments. Asia Pacific market is expected to register relatively faster revenue CAGR throughout the forecast period. Continuous development of healthcare infrastructure and increasing geriatric population in countries in the region are major factors driving revenue growth of the market in this region.
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Some Key Highlights From the Report:
- In March 2020, Acumed signed an agreement with Vivorte. This agreement helped Acumed to distribute Vivorte’s products such as calcium phosphate-based bone allograft (Trabexus) and calcium phosphate-based biocement (Fortera).
- Internal fixators segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing global geriatric population and rising application of internal fixators.
- North America is expected to register significantly larger revenue share over the forecast period. Robust presence of key market players and increasing application of advanced trauma products are some major factors driving revenue growth of the market in this region.
- Major players in the global market include Acumed LLC, Arthrex Inc., B. Braun Melsungen AG, Citieffe s.r.l., CONMED Corporation, DePuy Synthes, Double Medical Inc., Integra LifeSciences Corporation, Orthofix Holdings Inc., and Smith & Nephew.
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For the purpose of this report, Reports and Data has segmented the trauma products based on type, surgical site, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- External Fixators
- Internal Fixators
Surgical Site Outlook (Revenue, USD Billion; 2018-2028)
- Lower Extremities
- Hip & Pelvic
- Lower Leg
- Foot & Ankle
- Upper Extremities
- Hand & Wrist
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Clinical Laboratories
- Biotechnology Industries
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Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
About Reports and Data
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