Orthopedic Trauma Devices Market Size, Share, Growth, And Industry Analysis by Type (Internal Fixation Trauma Devices, External Fixation Trauma Devices) by Application (Hospitals, ASCs), Regional Forecast To 2031

Updated On: 15 April 2024

Orthopedic Trauma Devices Market Report Overview

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global orthopedic trauma devices market size was USD 5935.8 million 2022 and market is projected to touch 7899.6 Million by 2031, exhibiting a CAGR of  3.2% during the forecast period.

Orthopedic trauma devices are medical devices designed to aid in the treatment and management of fractures and other injuries to the musculoskeletal system. These devices are used by orthopedic surgeons to help patients regain their mobility and function after traumatic injuries. There are various types of orthopedic trauma devices, including plates, screws, pins, wires, and external fixation devices. These devices are made of materials such as titanium, stainless steel, and cobalt-chromium alloys, which are biocompatible and can withstand the forces generated by the musculoskeletal system. Orthopedic trauma devices are also used in the treatment of non-union fractures, which occur when bones fail to heal properly. In these cases, bone grafts may be used along with internal or external fixation devices to encourage bone growth and healing.

The orthopedic trauma devices market size is growing due to several factors firstly, the aging population is more susceptible to fractures and other musculoskeletal injuries, which has led to an increased demand for orthopedic trauma devices. As people age, their bones become weaker and more prone to fracture, making these devices essential for their treatment. Additionally, advancements in technology and surgical techniques have made orthopedic trauma devices safer and more effective. New materials and designs have been developed that are more biocompatible and can better withstand the forces generated by the musculoskeletal system, leading to better outcomes for patients. Finally, the growing awareness among patients and healthcare providers about the benefits of orthopedic trauma devices has also contributed to the market's growth. Patients are more informed about their treatment options and are more likely to seek out devices that can provide better outcomes and a faster recovery time.

COVID-19 Impact: Pandemic Had A Significant Impact On The Market Causing Disruptions In The Supply Chain And Reducing Demand For These Devices In The Short Term

The COVID-19 pandemic has had a significant impact on the orthopedic trauma device market. The pandemic led to the postponement or cancellation of elective surgeries, including orthopedic procedures, as hospitals and healthcare facilities focused on treating COVID-19 patients and conserving resources. The pandemic also disrupted supply chains, leading to shortages of raw materials and delays in the production and distribution of orthopedic trauma devices. This, in turn, has led to higher prices and reduced availability of these devices, particularly in countries with weaker healthcare systems.

Furthermore, the economic downturn caused by the pandemic has led to a reduction in healthcare spending, particularly in non-essential areas such as elective surgeries. This has further reduced demand for orthopedic trauma devices, as patients and healthcare providers prioritize essential medical procedures. However, as the pandemic has progressed, healthcare facilities have adapted to the new reality, and elective surgeries, including orthopedic procedures, have resumed in many areas. Moreover, the pandemic has highlighted the importance of medical devices and the need for investment in healthcare infrastructure, which may lead to increased demand for orthopedic trauma devices in the long term. 

Latest Trends

"The Creation Of Minimally Invasive Surgical Methods And Equipment Is One Trend In The Orthopedic Trauma Device Industry"

One trend in the orthopedic trauma device market is the development of minimally invasive surgical techniques and devices. Minimally invasive surgery (MIS) involves making smaller incisions and using specialized instruments and devices to access the affected area, resulting in less tissue damage and a faster recovery time for patients. In response to this trend, new products and technologies are being launched that are specifically designed for MIS procedures. For example, companies are developing specialized screws, plates, and anchors that can be inserted through smaller incisions and do not require extensive soft tissue dissection. Additionally, companies are developing imaging and navigation systems that can aid surgeons in performing MIS procedures with greater precision and accuracy.

Leading players in the orthopedic trauma device market, such as DePuy Synthes, Zimmer Biomet, and Stryker Corporation, are investing heavily in the development of MIS devices and technologies. These companies are constantly innovating and improving their product offerings to meet the growing demand for minimally invasive surgical options. For example, DePuy Synthes has launched a range of MIS devices, including plates, screws, and anchors, that are designed to reduce the invasiveness of surgical procedures and minimize tissue damage. Zimmer Biomet has developed a range of MIS instruments and devices, including screwdrivers and drill bits, that are specifically designed for use in MIS procedures. Stryker Corporation has also invested heavily in the development of navigation and imaging systems that aid in performing MIS procedures with greater accuracy and precision.

Orthopedic Trauma Devices Market SEGMENTATION

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• By type

Depending on orthopedic trauma devices market given are types: Internal Fixation Trauma Devices, External Fixation Trauma Devices. The Internal Fixation Trauma Devices type will capture the maximum market share through 2031.

• By Application

The market is divided in Hospitals, ASCs based on application. The global orthopedic trauma devices market  players in cover segment like Hospitals will dominate the market share during 2023-2031.

Driving Factors

"The Rising Incidence Of Musculoskeletal Injuries, Particularly In The Elderly Population, Is One Reason Propelling The Market"

One driving factor that is boosting the demand for orthopedic trauma devices market growth is the increasing prevalence of musculoskeletal injuries, particularly among the aging population. As people age, their bones become weaker and more susceptible to fractures, which can lead to a range of health complications and impairments. According to the World Health Organization, fractures are responsible for an estimated 9 million emergency department visits each year, making them a significant public health concern. As a result, there is a growing demand for orthopedic trauma devices that can effectively treat fractures and other musculoskeletal injuries. These devices include implants such as plates, screws, and rods, as well as external fixation devices that stabilize and immobilize fractures to promote healing. Moreover, the aging population is growing, which is further fueling demand for these devices. According to the United Nations, the number of people aged 60 and over is expected to reach 2.1 billion by 2050, up from 962 million in 2017. This demographic shift is expected to result in a significant increase in the number of musculoskeletal injuries and fractures, further driving demand for orthopedic trauma devices.

"The Rise In Traffic Accidents And Sports-Related Injuries Is Another Factor Fueling The Market Growth"

Another driving factor that is boosting the demand for orthopedic trauma devices market growth is the increasing incidence of road accidents and sports-related injuries. These injuries can range from minor sprains and strains to more severe fractures and dislocations and can have a significant impact on an individual's quality of life. According to the World Health Organization, road traffic accidents are responsible for over 1.3 million deaths globally each year, making them a significant public health concern. Additionally, sports-related injuries are common among athletes and individuals who engage in physical activity and can result in long-term disabilities and impairments. As a result, there is a growing demand for orthopedic trauma devices that can effectively treat these injuries and promote healing. These devices include implants such as screws, plates, and rods, as well as external fixation devices that stabilize and immobilize fractures to promote healing. Furthermore, the growing popularity of sports and physical activity is also driving the demand for orthopedic trauma devices. As more individuals engage in physical activity, the risk of sports-related injuries increases, creating a need for effective treatment options.

Restraining Factors

"The High Cost Of These Devices Is One Factor That May Hinder The Growth Of The Orthopedic Trauma Device Market"

One restraining factor that can affect the orthopedic trauma devices market growth is the high cost associated with these devices. Orthopedic trauma devices, particularly implants such as screws, plates, and rods, can be expensive and may not be covered by insurance in some cases. This can make it difficult for some patients to afford the treatment they need, particularly in regions with lower income levels. The high cost of these devices can also limit their adoption in developing countries, where access to advanced medical technologies may be limited due to financial constraints. This can lead to disparities in the availability and quality of care for patients with musculoskeletal injuries. In addition, the regulatory environment can also be a restraining factor for the market growth. The regulatory requirements for these devices are stringent, and the approval process can be time-consuming and costly. This can limit the ability of smaller companies to enter the market, as they may not have the resources to meet regulatory requirements.

Orthopedic Trauma Devices Market Regional Insights

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"North America Currently Holds The Maximum Market Share In The Market And Is Expected To Grow At The Fastest Rate In The Coming Years Due To Favorable Demographic And Economic Factors "

North America is currently the leading region in the orthopedic trauma device market in terms of market share. The region has a well-developed healthcare infrastructure and is home to some of the leading players in the orthopedic trauma device market. Additionally, the region has a high incidence of musculoskeletal injuries, which has contributed to the growth of the market in recent years. The United States is the largest orthopedic trauma devices market share holder in North America, accounting for the majority of the region's market share. The country has a large population and a high incidence of sports-related injuries and road accidents, which has driven demand for orthopedic trauma devices. Additionally, the country has a favorable reimbursement scenario, with a significant portion of the cost of these devices covered by insurance. Canada is also a significant market for orthopedic trauma devices in North America, with a growing demand for these devices due to the increasing prevalence of musculoskeletal injuries and a growing aging population. In terms of growth rate, the Asia Pacific region is expected to grow at the fastest rate in the coming years. The region has a large and growing population, increasing healthcare spending, and a growing incidence of musculoskeletal injuries due to an increasing aging population and a rise in sports-related injuries. Moreover, several emerging economies in the region, including China and India, are investing heavily in healthcare infrastructure, which is expected to drive demand for orthopedic trauma devices. 

Europe is the second-leading region in the orthopedic trauma device market in terms of market share. The region has a well-established healthcare system, with a high level of awareness about the availability of orthopedic trauma devices. Additionally, the region has a high incidence of musculoskeletal injuries, which has driven demand for these devices. Germany is the largest orthopedic trauma devices market share holder in Europe, accounting for a significant portion of the region's market share. The country has a large and aging population, which has contributed to the growth of the market. Moreover, the country has a favorable reimbursement scenario, with a significant portion of the cost of these devices covered by insurance. The United Kingdom is another significant market for orthopedic trauma devices in Europe, with a growing demand for these devices due to the increasing prevalence of musculoskeletal injuries and a growing aging population.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• DePuy Synthes (U.S)
• Smith & Nephew (U.K)
• Stryker (U.K)
• Zimmer Biomet (U.S)
• B. Braun Melsungen (Germany)
• DJO Global (U.S)
• OsteoMed (U.S)
• Globus Medical (U.S)
• BioPro (U.S)
• CONMED (U.S)
• Image Ortho Surgical (U.S)
• Integra LifeSciences (U.S)
• Medtronic (Ireland)
• Acumed (U.S)
• Orthofix (U.S)
• VILEX IN TENNESSEE (U.S)
• Wright Medical (U.S)
• Arthrex (U.S)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.