Trauma Products Market Size, Share, Analysis, Trends and Forecast - 2021

From: MarketsandMarkets
Published: Mon Sep 24 2018


The trauma products market is expected to reach USD 8.43 Billion by 2022 from USD 5.98 Billion in 2017, at a CAGR of 7.1% during the forecast period. A number of factors such as growth in geriatric population, the high prevalence of bone degenerative diseases, and increasing incidence of road accidents are driving the demand for trauma products. On the other hand, the possibility of allergies associated with the implantation of trauma products and a lack of trained professionals are some of the factors that may hinder the overall growth of this market.

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This report segments the trauma products market into type, surgical site, end user, and region. On the basis of type, the market is segmented internal fixators, external fixators, and other trauma products. In 2017, the internal fixators segment is expected to account for the largest share of the market for trauma products. This segment is also expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the high incidence of trauma injuries and increasing aging population.

The trauma products market, by surgical site is segmented into upper extremities and lower extremities. In 2017, the lower extremities segment is expected to account for the largest share of the market. The large share and high growth of this segment can be attributed to the high prevalence of lower extremity trauma injuries across the globe. By end user, the market for trauma products is segmented into hospitals & trauma centers and ambulatory surgery centers (ASCs). In 2017, the hospitals and trauma centers segment is expected to account for the largest share of the market. The large share of this segment can be attributed to the increasing number of patients undergoing treatment in hospitals, increasing government support to supply well-equipped instruments, and infrastructural development in hospitals.

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In 2017, North America is expected to dominate the market. Factors such as growing number of trauma cases and the subsequent increase in the number of trauma procedures are some of the key factors driving the growth in this region.

The trauma products market is highly competitive with several big and small players. Prominent players in the trauma product market include DePuy Synthes (U.S.), Stryker (U.S.), Zimmer Biomet Holding Inc. (U.S.), and Smith & Nephew (U.K.); whereas, Accumed LLC (U.S.), Arthrex Inc. (U.S.), B. Braun Melsungen AG (Germany), Cardinal Health (U.S.), Citieffe S.R.L. (Italy), Conmed Corporation (U.S.), Double Medical Inc. (China), Integra LifeSciences Corporation (U.S.), Medtronic plc (Ireland), Orthofix Holdings Inc. (U.S.), and Wright Medical Group N.V. (U.S.) are some other players operating in the market.

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