October 04, 2019
According to the latest study titled ‘Global (United States, European Union and China) Trauma Fixation Devices Market Research Report 2019-2025’ available with Market Study Report LLC, the global Trauma fixation devices market is estimated to accumulate US $3000 million by the year 2025.
The trauma fixation devices are used to ensure complete repair of internal injuries, prevent improper bone recovery, align fractured bones, and promote faster healing of external injuries. Internal fixations are implanted inside the body for deformity correction procedures and for stabilizing dislocations & fractures. While, external fixations use external frame to hold in place in case of burn injuries, open fractures, and soft tissue damage.
Increasing number of accidents throughout the world is propelling the growth of trauma fixation devices market as the trauma patients require immediate medical treatment to recover from the trauma. Also, rise in geriatric population is another factor boosting the market growth as elderly citizens possess risk for osteoporosis. However, the risk of allergy and infection development associated with these devices, along with its high cost will impede the market expansion to some extent.
The study cites that the global trauma fixation devices market was valued at US $1800 million in 2019 and is estimated to register a growth rate of 6.6% over the predicted time period. It also provides an exhaustive understanding about trends, challenges, marketing strategies, distribution channels, consumer spectrum, and drivers influencing the market growth.
Based on type, the market is segmented as internal fixation devices and external fixation devices. While based on the application spectrum, the trauma fixation market is divided into physician’s offices, ASCs, and Hospitals.
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Considering the geographical landscape, trauma fixation devices market is analyzed for four major regions which are the United States, China, European Union, and rest of the world including Japan, Korea, India and Southeast Asia.
Some of the vendors that operate in the trauma fixation devices market outlined in the report comprise of Zimmer Biomet, Stryker, Auxein Medical, and Smith & Nephew.