Following higher penetration of orthopedic trauma devices in developing markets, the market in Asia Pacific is likely to witness the fastest growth throughout the forecast period. Rise in sports and road injuries coupled with high awareness regarding availability of treatments is anticipated fuel the demand for orthopedic devices in foot and ankle applications.
In addition, the absence of health insurance in developing countries is also obstructing the growth of the global market of orthopedic trauma devices. The Global orthopedic trauma devices market size spent USD 1.
As per WHO, the global population over 60 years is expected to reach 2 billion by Emerging economies are poised to witness higher growth than the developed ones, mainly because of increasing adoption of in developing nations and market maturity in the developed countries. In addition, sports organizations working to boost morale of sportspersons disabled by sports injuries are expected to engage in research and development of treatment solutions for serious sports injuries.
High prevalence of orthopedic conditions such as degenerative bone disease and rising geriatric population are some of the major market drivers. Some of the key driving factors for the orthopedic trauma fixation devices market are increase in the elderly population, growing healthcare costs, and rising prevention measures for various orthopedic-related problems.
Lack of uniform reimbursement landscape in developed countries and low per capita healthcare expenditure in developing nations will hamper adoption of advanced devices over the coming years.
High prevalence of orthopedic conditions such as degenerative bone disease coupled with rising geriatric population and number of road accidents are anticipated to drive the market. The following section covers the critically important drivers, which are primarily responsible for bolstering and sustaining the demand for devices.
Development of novel devices, geographic expansion, strategic acquisitions and mergers and new product launches are some of the major strategies adopted by industry participants to hold their market position. Some of the fastest growing markets for orthopedic trauma fixation devices are China, Japan, other countries in South East Asia and the Eastern Mediterranean.
Some of the major companies operating in the global orthopedic trauma devices market are Zimmer Holding Inc. These factors encourage customers to opt for advanced and high-priced devices, thus adding to total revenue generation of the sector.
Increasing geriatric population, rising prevalence of osteoporosis and osteoarthritis and soaring incidence of road accidents and sport injuries will drive demand for artificial joint reconstruction devices. In Maythe company announced a definitive agreement to acquire the assets of Medical Enterprises Distribution, LLC, a developer of surgical impactor technology, to further develop surgical impactor technology for orthopedic surgical procedures.
Numerous orthopedic trauma fixation device companies are increasing their focus on the internal fixators manufacture with bio- absorbable materials. The Asia Pacific segment is expected to experience a compound annual growth rate of 8.
These fixators are durable, as they are made up of stainless steel and titanium. Availability of innovative materials and biodegradable implants for medical interventions will augment demand. This helps in driving adoption of advanced devices in developing countries where medical reimbursement is partially available or is completely unavailable.
Numerous orthopedic trauma fixation device companies are increasing their focus on the internal fixators manufacture with bio- absorbable materials. While the market has a strong foothold in Europe and North America, the emerging nations in the Asia Pacific region and Latin America are expected to drive rapid growth for the market.
Technological advances in 3D printing, robot-assisted surgical procedures, and smart implants will represent high impact driving factors for the global industry revenue. Moreover, external fixators are preferred in case of fractures in children as permanent internal fixators are not viable in growing bones.
A few of the most rapidly growing markets for orthopedic trauma fixation devices are Japan, China and several other countries in the Eastern Mediterranean and Southeast Asia.
The deal was aimed at providing the company an entry point in the booming Indian market. The global market for orthopedic trauma fixation devices is experiencing substantial growth owing to the rising frequency of fractures and shortage of substitutes.
Expanding demand for improved facilities in orthopedic trauma surgeries and rising investments by multinational companies and governments have supported the growth of the market for orthopedic trauma fixation devices. Internal fixation involves healing and stabilization of broken bones with the help of screws, plates, rods, and others.
Global knee and hip replacements market from a Medical Market Research report Orthopedic traumas are specifically related to severe damage to the musculoskeletal system of a body, causing loss of function. Rise in geriatric population suffering from knee problems is primarily driving demand for knee surgeries.
Orthopedic Devices Market Share Insights The global market is oligopolistic with a few international players capturing over As a result, demand for orthopedic surgeries in China and India is expected to grow tremendously in future.
The report also incorporates a detailed analysis of the industry patterns and organization profiles for orthopedic trauma fixation devices market. The market will especially witness higher growth in China, India, Japan, and some of the countries in the Eastern Mediterranean and Southeast Asia.
Globally, the orthopedic trauma fixation devices market is witnessing significant growth due to increasing incidence of fractures and lack of substitutes.
In addition, the increasing healthcare expenditure and growth of sports injuries, is further leading to growth of the market in the region. These factors allow customers to opt for advanced and high-prices devices, thus adding to the total revenue generated.Geographically, North America holds the major share in the global market for orthopedic trauma devices driven by the growth of aging population.
In addition, the increasing.
The global market for orthopedic trauma fixation devices is experiencing substantial growth owing to the rising frequency of fractures and shortage of bigskyquartet.comon: State Tower, 90 State Street, SuiteAlbany, the global orthopedic trauma fixation devices market is estimated at USD billion in and is expected to grow at a CAGR of % from toto reach an estimated value of USD billion in Location: State Tower, 90 State Street, SuiteAlbany, The global orthopedic trauma fixation devices market is segmented on the basis of type of fixator into internal fixator and external fixator, and on the basis of material into metallic fixators and bio-absorbable fixators.
Orthopedic Devices Market Size to hit $53bn by Global Market Insights, Inc. Europe Orthopedic Devices Market Size, By Product, (USD Million) The growing geriatric population base is highly susceptible for developing bone related diseases such as osteoporosis and osteoarthritis.
As per WHO, the global population over 60 years is expected to reach 2 billion byDownload