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(Medical-NewsWire.com, June 19, 2017 ) The Global Trauma Fixation Devices Market is predicted to reach USD 7,079 million by 2021 from USD 5,231 million in 2016, growing at a CAGR of 6.24%
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According to the Centers for Disease Control and Prevention (CDC), trauma is defined as “an injury or wound to a living body caused by the application of external force or violence”. The physical injuries such as, burns, fractures, sprains, dislocations and strains are all classified under trauma. Currently, to treat trauma various treatments are available based on the severity of injury. Trauma fixation devices are one of the key treatment methods for the aforementioned medical conditions.
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The upsurge in global geriatric population has augmented the growth of market, as the aged people possess higher risk for osteoporosis leading to an increased demand for trauma fixation devices. Further, increase in disposable incomes and growing awareness about latest developments in medical field along with the availability of advanced medical facilities, favourable reimbursement policies, rise in healthcare expenditure, high costs associated with surgeries, competitive pricing, and availability of substitutes have also contributed in the growth of global trauma fixation devices market.
However, compatibility issues like infection and allergy associated with the utilization of external and internal trauma fixation devices. Also, the high cost of these devices is inhibiting the adoption or usage of in developing nations (with low disposable income) such as India, China and Brazil.
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The global trauma fixation devices market is segmented on the basis of type into internal and external fixation devices. Internal fixation devices are employed in fixing fractured bones in definite shape by implanting various devices. Further, the internal trauma fixation devices are classified into Screws, Plates, Rods, Wires and Intramedullary nails. Whereas the external trauma fixation devices are segmented on the basis of technology into Unilateral, Circular and Hybrid Fixation. The internal trauma fixation devices segment holds the largest share, representing about 85% of the global trauma fixation devices market. Further, the demand for better services in trauma surgeries has led manufacturers to develop products that are less invasive and more anatomical, such as low-profile plating system for extremity fixation procedures.
Market Segmentation
By Type
Internal trauma fixation devices
•Screws
•Plates
•Rods
•Wires
•Intramedullary nails
External Trauma fixation devices
•Unilateral fixation
•Circular fixation
•Hybrid fixation
By End Users
•Hospitals
•Point of Care testing
•Others
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