Internal Trauma Fixation Devices Market - Forecast(2024 - 2030)
Internal Trauma Fixation Devices Market Overview
The Internal Trauma Fixation Devices Market size was estimated at $4,608 million in 2020, projected to grow at a CAGR of 7.2% during the forecast period 2021-2026. Trauma fixation devices help to speed up the healing process by limiting the movement of broken bones, allowing quicker healing and avoiding improper bone recovery. The demand for trauma fixation devices is expected to grow due to an increase in the number of road accidents, especially in developing countries. In terms of technology and user friendliness, trauma fixation systems have undergone groundbreaking improvements. As a result of technological advances, demand for these devices is growing.
Older people are more vulnerable to fractures and dislocations due to a higher risk of degenerative bone diseases such as Osteoporosis, Osteoarthritis and Paget’s disease. The global geriatric population was about 703 million in 2019, according to the United Nation (UN), which is projected to grow to 2,000 million by 2050, the rising geriatric population that are more prone to and degenerative bone diseases and orthopedic surgery are increasing the demand for internal trauma fixation devices. Moreover, favorable reimbursement policies, in the developed nations are further anticipated to fuel the growth. However, the allergic reactions and high cost associated with Internal Trauma Fixation Devices could pose a threat to the market's growth during the forecast period 2021-2026.
Report Coverage
Key Takeaways
- Geographically, The North America region held 37.4% of the total market share in 2020 owing to the rising geriatric population, favorable reimbursement policies and increasing health concerns.
- Increasing prevalence of degenerative bone diseases such as Osteoporosis, Osteoarthritis and Paget’s disease are the major driving force for the Internal Trauma Fixation Devices Market during the forecast period 2021-2026.
- Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the Internal Trauma Fixation Devices Market will be provided in the research report.Internal Trauma Fixation Devices Market - By Geography, 2020.
Internal Trauma Fixation Devices Market Segment Analysis- By Product Type
By Product, the Internal Trauma Fixation Devices Market can be classified into bone cement and closure devices (plates & screws, wires, clips, pins, and cables). Closure devices accounted for the largest share of the market and is predicted to expand at a steady CAGR of 6.7% over the forecast period 2021-2026, owing to factors such as an increase in the incidences and prevalence of orthopedic diseases, as well as an increase in the cases of sports injuries.
Poly (methyl methacrylate) PMMA, also known as bone cement, is a space-filling material that serves as a grout to keep the implant in place against the bone. It is widely used for implant fixation in orthopaedic and trauma surgery is also anticipated to register significant growth owing to the easy acceptance of the products from manufacturing companies and end user.
Internal Trauma Fixation Devices Market Segment Analysis - By Material
Based on Material, the global market is segmented as Stainless Steel, Nitinol, Titanium, Tritium, and Polyether Ether Ketone. The stainless steel segment accounted for major share of Internal Trauma Fixation Devices Market in 2020. In contrast to other biomaterials, stainless steel is one of the most commonly used biomaterials in internal fixation implants owing to its favorable combination of mechanical properties, cost effectiveness, and corrosion resistance. As a result of its cost effectiveness, stainless steel is widely used in low-income countries thereby driving the market.
However, titanium as a biomaterial is expected to grow at a faster CAGR of 8.7%. Its rapid expansion can be due to its numerous biomechanical applications. Titanium implants are gaining popularity in a number of developing economies due to their excellent biocompatibility. Titanium's lower modulus of elasticity and corrosion resistance characteristics is further poised to increase the Internal Trauma Fixation Devices Market during the forecast period 2021-2026.
Internal Trauma Fixation Devices Market Segment Analysis - By Geography
Based on geography, North America dominated the Internal Trauma Fixation Devices Market with a region share of 37.4% in 2020 followed by Europe and APAC. Increased geriatric population that are more prone to orthopedic surgery and increasing health concerns are the major factor propelling the growth in this region. Moreover, the presence of large number of internal trauma fixation device manufacturing company that invest heavily on the research along with the easy availability of technologically advanced devices is predicted to drive the market growth in this region.
However, Asia Pacific is set to be the fastest growing region owing to the growing population, rising demand for a better healthcare structure and higher investment and funding by government in this region is further predicted to drive the market growth during the forecast period 2021-2026.
Internal Trauma Fixation Devices Market Drivers
Increasing incidence of Accidents.
Internal Trauma Fixation Devices Market Challenge
High Cost of the Product
Internal Trauma Fixation Devices Market Landscape:
Developments:
- In March 2020, Orthofix Medical completed the acquisition of assets associated with the FITBONE intramedullary lengthening system.
- In September 2019, Smith & Nephew (UK) launched a new product TRIGEN INTERTAN Intertrochanteric Hip Fracture Nail
Relevant reports
LIST OF TABLES
1.Global INTERNAL TRAUMA FIXATION DEVICES MARKET, BY PRODUCT Market 2023-2030 ($M)1.1 Closure Devices Market 2023-2030 ($M) - Global Industry Research
1.1.1 Plates and screws Market 2023-2030 ($M)
1.1.2 Wires Market 2023-2030 ($M)
1.1.3 Clips Pins Market 2023-2030 ($M)
1.1.4 Rods Nails Market 2023-2030 ($M)
1.1.5 Cables Market 2023-2030 ($M)
1.2 Bone cement Market 2023-2030 ($M) - Global Industry Research
2.Global INTERNAL TRAUMA FIXATION DEVICES MARKET, BY MATERIAL Market 2023-2030 ($M)
2.1 Stainless steel Market 2023-2030 ($M) - Global Industry Research
2.2 Nitinol Market 2023-2030 ($M) - Global Industry Research
2.3 Titanium Market 2023-2030 ($M) - Global Industry Research
2.4 Tritium Market 2023-2030 ($M) - Global Industry Research
2.5 Polyether ether ketone Market 2023-2030 ($M) - Global Industry Research
3.Global INTERNAL TRAUMA FIXATION DEVICES MARKET, BY END USER Market 2023-2030 ($M)
3.1 Hospitals Market 2023-2030 ($M) - Global Industry Research
3.2 Orthopedic Surgical centers Market 2023-2030 ($M) - Global Industry Research
3.3 Trauma centers Market 2023-2030 ($M) - Global Industry Research
3.4 Ambulatory centers Market 2023-2030 ($M) - Global Industry Research
4.Global INTERNAL TRAUMA FIXATION DEVICES MARKET, BY PRODUCT Market 2023-2030 (Volume/Units)
4.1 Closure Devices Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 Plates and screws Market 2023-2030 (Volume/Units)
4.1.2 Wires Market 2023-2030 (Volume/Units)
4.1.3 Clips Pins Market 2023-2030 (Volume/Units)
4.1.4 Rods Nails Market 2023-2030 (Volume/Units)
4.1.5 Cables Market 2023-2030 (Volume/Units)
4.2 Bone cement Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global INTERNAL TRAUMA FIXATION DEVICES MARKET, BY MATERIAL Market 2023-2030 (Volume/Units)
5.1 Stainless steel Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Nitinol Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Titanium Market 2023-2030 (Volume/Units) - Global Industry Research
5.4 Tritium Market 2023-2030 (Volume/Units) - Global Industry Research
5.5 Polyether ether ketone Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global INTERNAL TRAUMA FIXATION DEVICES MARKET, BY END USER Market 2023-2030 (Volume/Units)
6.1 Hospitals Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Orthopedic Surgical centers Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Trauma centers Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Ambulatory centers Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America INTERNAL TRAUMA FIXATION DEVICES MARKET, BY PRODUCT Market 2023-2030 ($M)
7.1 Closure Devices Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Plates and screws Market 2023-2030 ($M)
7.1.2 Wires Market 2023-2030 ($M)
7.1.3 Clips Pins Market 2023-2030 ($M)
7.1.4 Rods Nails Market 2023-2030 ($M)
7.1.5 Cables Market 2023-2030 ($M)
7.2 Bone cement Market 2023-2030 ($M) - Regional Industry Research
8.North America INTERNAL TRAUMA FIXATION DEVICES MARKET, BY MATERIAL Market 2023-2030 ($M)
8.1 Stainless steel Market 2023-2030 ($M) - Regional Industry Research
8.2 Nitinol Market 2023-2030 ($M) - Regional Industry Research
8.3 Titanium Market 2023-2030 ($M) - Regional Industry Research
8.4 Tritium Market 2023-2030 ($M) - Regional Industry Research
8.5 Polyether ether ketone Market 2023-2030 ($M) - Regional Industry Research
9.North America INTERNAL TRAUMA FIXATION DEVICES MARKET, BY END USER Market 2023-2030 ($M)
9.1 Hospitals Market 2023-2030 ($M) - Regional Industry Research
9.2 Orthopedic Surgical centers Market 2023-2030 ($M) - Regional Industry Research
9.3 Trauma centers Market 2023-2030 ($M) - Regional Industry Research
9.4 Ambulatory centers Market 2023-2030 ($M) - Regional Industry Research
10.South America INTERNAL TRAUMA FIXATION DEVICES MARKET, BY PRODUCT Market 2023-2030 ($M)
10.1 Closure Devices Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Plates and screws Market 2023-2030 ($M)
10.1.2 Wires Market 2023-2030 ($M)
10.1.3 Clips Pins Market 2023-2030 ($M)
10.1.4 Rods Nails Market 2023-2030 ($M)
10.1.5 Cables Market 2023-2030 ($M)
10.2 Bone cement Market 2023-2030 ($M) - Regional Industry Research
11.South America INTERNAL TRAUMA FIXATION DEVICES MARKET, BY MATERIAL Market 2023-2030 ($M)
11.1 Stainless steel Market 2023-2030 ($M) - Regional Industry Research
11.2 Nitinol Market 2023-2030 ($M) - Regional Industry Research
11.3 Titanium Market 2023-2030 ($M) - Regional Industry Research
11.4 Tritium Market 2023-2030 ($M) - Regional Industry Research
11.5 Polyether ether ketone Market 2023-2030 ($M) - Regional Industry Research
12.South America INTERNAL TRAUMA FIXATION DEVICES MARKET, BY END USER Market 2023-2030 ($M)
12.1 Hospitals Market 2023-2030 ($M) - Regional Industry Research
12.2 Orthopedic Surgical centers Market 2023-2030 ($M) - Regional Industry Research
12.3 Trauma centers Market 2023-2030 ($M) - Regional Industry Research
12.4 Ambulatory centers Market 2023-2030 ($M) - Regional Industry Research
13.Europe INTERNAL TRAUMA FIXATION DEVICES MARKET, BY PRODUCT Market 2023-2030 ($M)
13.1 Closure Devices Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Plates and screws Market 2023-2030 ($M)
13.1.2 Wires Market 2023-2030 ($M)
13.1.3 Clips Pins Market 2023-2030 ($M)
13.1.4 Rods Nails Market 2023-2030 ($M)
13.1.5 Cables Market 2023-2030 ($M)
13.2 Bone cement Market 2023-2030 ($M) - Regional Industry Research
14.Europe INTERNAL TRAUMA FIXATION DEVICES MARKET, BY MATERIAL Market 2023-2030 ($M)
14.1 Stainless steel Market 2023-2030 ($M) - Regional Industry Research
14.2 Nitinol Market 2023-2030 ($M) - Regional Industry Research
14.3 Titanium Market 2023-2030 ($M) - Regional Industry Research
14.4 Tritium Market 2023-2030 ($M) - Regional Industry Research
14.5 Polyether ether ketone Market 2023-2030 ($M) - Regional Industry Research
15.Europe INTERNAL TRAUMA FIXATION DEVICES MARKET, BY END USER Market 2023-2030 ($M)
15.1 Hospitals Market 2023-2030 ($M) - Regional Industry Research
15.2 Orthopedic Surgical centers Market 2023-2030 ($M) - Regional Industry Research
15.3 Trauma centers Market 2023-2030 ($M) - Regional Industry Research
15.4 Ambulatory centers Market 2023-2030 ($M) - Regional Industry Research
16.APAC INTERNAL TRAUMA FIXATION DEVICES MARKET, BY PRODUCT Market 2023-2030 ($M)
16.1 Closure Devices Market 2023-2030 ($M) - Regional Industry Research
16.1.1 Plates and screws Market 2023-2030 ($M)
16.1.2 Wires Market 2023-2030 ($M)
16.1.3 Clips Pins Market 2023-2030 ($M)
16.1.4 Rods Nails Market 2023-2030 ($M)
16.1.5 Cables Market 2023-2030 ($M)
16.2 Bone cement Market 2023-2030 ($M) - Regional Industry Research
17.APAC INTERNAL TRAUMA FIXATION DEVICES MARKET, BY MATERIAL Market 2023-2030 ($M)
17.1 Stainless steel Market 2023-2030 ($M) - Regional Industry Research
17.2 Nitinol Market 2023-2030 ($M) - Regional Industry Research
17.3 Titanium Market 2023-2030 ($M) - Regional Industry Research
17.4 Tritium Market 2023-2030 ($M) - Regional Industry Research
17.5 Polyether ether ketone Market 2023-2030 ($M) - Regional Industry Research
18.APAC INTERNAL TRAUMA FIXATION DEVICES MARKET, BY END USER Market 2023-2030 ($M)
18.1 Hospitals Market 2023-2030 ($M) - Regional Industry Research
18.2 Orthopedic Surgical centers Market 2023-2030 ($M) - Regional Industry Research
18.3 Trauma centers Market 2023-2030 ($M) - Regional Industry Research
18.4 Ambulatory centers Market 2023-2030 ($M) - Regional Industry Research
19.MENA INTERNAL TRAUMA FIXATION DEVICES MARKET, BY PRODUCT Market 2023-2030 ($M)
19.1 Closure Devices Market 2023-2030 ($M) - Regional Industry Research
19.1.1 Plates and screws Market 2023-2030 ($M)
19.1.2 Wires Market 2023-2030 ($M)
19.1.3 Clips Pins Market 2023-2030 ($M)
19.1.4 Rods Nails Market 2023-2030 ($M)
19.1.5 Cables Market 2023-2030 ($M)
19.2 Bone cement Market 2023-2030 ($M) - Regional Industry Research
20.MENA INTERNAL TRAUMA FIXATION DEVICES MARKET, BY MATERIAL Market 2023-2030 ($M)
20.1 Stainless steel Market 2023-2030 ($M) - Regional Industry Research
20.2 Nitinol Market 2023-2030 ($M) - Regional Industry Research
20.3 Titanium Market 2023-2030 ($M) - Regional Industry Research
20.4 Tritium Market 2023-2030 ($M) - Regional Industry Research
20.5 Polyether ether ketone Market 2023-2030 ($M) - Regional Industry Research
21.MENA INTERNAL TRAUMA FIXATION DEVICES MARKET, BY END USER Market 2023-2030 ($M)
21.1 Hospitals Market 2023-2030 ($M) - Regional Industry Research
21.2 Orthopedic Surgical centers Market 2023-2030 ($M) - Regional Industry Research
21.3 Trauma centers Market 2023-2030 ($M) - Regional Industry Research
21.4 Ambulatory centers Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)2.Canada Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
3.Mexico Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
4.Brazil Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
5.Argentina Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
6.Peru Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
7.Colombia Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
8.Chile Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
9.Rest of South America Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
10.UK Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
11.Germany Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
12.France Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
13.Italy Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
14.Spain Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
15.Rest of Europe Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
16.China Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
17.India Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
18.Japan Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
19.South Korea Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
20.South Africa Internal Trauma Fixation Devices Market Revenue, 2023-2030 ($M)
21.North America Internal Trauma Fixation Devices By Application
22.South America Internal Trauma Fixation Devices By Application
23.Europe Internal Trauma Fixation Devices By Application
24.APAC Internal Trauma Fixation Devices By Application
25.MENA Internal Trauma Fixation Devices By Application
26.B. BRAUN MELSUNGEN AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.GLOBUS MEDICAL INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.JOHNSON JOHNSON SERVICES, INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.MEDARTIS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.ORTHOPAEDIC IMPLANT COMPANY, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.OSTEOMED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.SMITH AND NEPHEW, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.STRYKER, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.WRIGHT MEDICAL GROUP N.V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.ZIMMER BIOMET HOLDINGS, INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)