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(Medical-NewsWire.com, June 19, 2017 ) Europe trauma fixation devices market is predicted to reach USD 1800 million by 2021 from USD 1360 million in 2016, growing at a CAGR of 5.77%.
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Trauma is a medical condition caused by various strains or physical injuries, such as, dislocation, fractures, or burns., for which the trauma fixation devices are a prominent solution.
According to the statistics of 2015, there were 61 million people in the age group of 65 years and above, in Germany, the U.K., Italy, France, and Spain together. The ever growing aging population in European countries is acting as a force for growth of trauma fixation devices market as the aged personnel have a high risk of osteoporosis leading to a rise in demand for trauma devices.
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The factors driving the growth in Europe trauma fixation devices market are growing awareness about the latest products in medical field, increase in disposable incomes, supportive policies of governments, provision for reimbursements, ease of access to advanced medical facilities, rise in healthcare R&D expenditure, unaffordability of surgeries.
However, problems associated with biocompatibility of the internal and external trauma devices and the high cost of advanced technologies are limiting the reach of the trauma fixation devices in these region.
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The Europe trauma fixation devices market is segmented on the basis of type into internal and external fixation devices. Screws, Plates, Rods, Wires and Intramedullary nails are included in internal fixation segment. Further, the external trauma fixation devices are segregated on the basis of technology into Unilateral, Circular and Hybrid Fixation. The internal trauma fixation devices segment holds the largest share of the Europe market. Besides, the demand for improved services in trauma surgeries is pursuing the manufacturers to develop products that are minimally invasive and more anatomical, like low-profile plating system for extremity fixation procedures.
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