Global Orthopedic Trauma Devices Market to Witness Growing Number of M&As

The global orthopedic trauma devices market is projected to witness good growth in the coming few years. According to Persistence Market Research (PMR), the global orthopedic trauma devices market will expand at a 7.20% CAGR during the forecast period from 2014 to 2020. In 2013, the global orthopedic trauma devices market was worth US$5.7 bn and by 2020, the market is projected to be worth US$9.4 bn. The global orthopedic trauma devices market’s dynamics will be shaped by many key trends.

Rising Incidence of Fractures to Drive Global Market
 

Orthopedic trauma refers to a severe injury to the musculoskeletal system including joints and bones. The rising incidence of fractures around the world will drive the global orthopedic trauma devices market. According to the Healthcare Cost and Utilization Project from the Agency for Healthcare Research and Quality, in the U.S., the number of fracture cases treated in hospital has grown by 2% from 2008 to 2009 and reached almost 2 million in 2009.

The rising number of sports injuries will further contribute to the rising incidence of fractures and drive the global orthopedic trauma devices market. According to the U.S. CDC, participation in organization sports is rising and around 30 million children and adolescents participate in youth sports in the U.S. The CDC further states that around 62% of organized sports-related injuries occur during practice.

Advancement in Technology to Fuel Global Orthopedic Trauma Devices Market
 

Technological advancements will significantly drive the global orthopedic trauma devices market. The positive clinical outcomes due to the new techniques will continue to drive the demand for innovative techniques in the global orthopedic trauma devices market.

Growing Healthcare Expenditure to Boost Global Market
 

Expenditure on healthcare is rising in developed and developing countries. Emerging economies in Asia Pacific such as China and India are increasingly investing in their healthcare sector. This elevated healthcare expenditure will fuel the global orthopedic trauma devices market.

Global Orthopedic Trauma Devices Market Restrained by Cost Issues
 

Treatment of orthopedic trauma needs an orthopedic trauma surgery. This surgery involves the use of several fixation devices such as external fixators and internal fixators to mend the fractures. Due to the various tools and procedures involved in orthopedic trauma surgery, the high cost of orthopedic trauma surgery is projected to constrain the growth of the global orthopedic trauma devices market.

Lack of Awareness to Constrain Global Orthopedic Trauma Devices Market
 

The global orthopedic trauma devices market will also be suppressed by lack of awareness about orthopedic trauma techniques and devices. Many basic surgical trainees lack the essential knowledge of radiation in orthopedic trauma surgery. Moreover, the absence of health insurance in developing countries will also limit the growth of the global orthopedic trauma devices market.

Market to Witness Growing Popularity of Bioabsorbable Internal Fixators
 

By composition, the global orthopedic trauma devices market is segmented into bioabsorbable fixators and metallic fixators. The global orthopedic trauma devices market will witness a demand shift within internal fixators from metallic to bioabsorbable materials.

Increasing Number of Collaborations and Partnerships in Global Market
 

The global orthopedic trauma devices market is projected to witness several collaborations, partnerships, mergers, and acquisitions in the coming few years. Some of the key players operating in the global orthopedic trauma devices market are Orthofix Holding, B. Braun Melsungen, Wright Medical Technology, Tornier, Johnson & Johnson Services, and Stryker Corporation.