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Orthopedic Trauma Devices Market

Growing incidence of trauma and accidents will propel the overall orthopedic trauma devices market

Orthopedic Trauma Devices Market Segmented By Internal Fixator, External Fixator, Intramedullary Nail, Intramedullary Screw, Plate and Screw System, Metallic Fixators, Bioabsorbable Fixators

Orthopedic Trauma Devices Market Outlook (2023-2033)

The global revenue from the orthopedic trauma devices market stands at US$ 9.9 Bn in 2022, with the global market expected to grow at a CAGR of 6.04% to reach a valuation of approximately US$ 19.2 Bn by the end of 2033.

Market Size (2022)

US$ 9.9 Bn

Projected Market Value (2033)

US$ 19.2 Bn

Global Market Growth Rate (2023-2033)

6.04% CAGR

Market Share of Top 5 Countries

70.0%

As assessed by Persistence Market Research, internal fixators as products are expected to hold a market value of around US$ 15.1 Bn by 2033. Overall, orthopedic trauma devices market sales account for approximately 25.4% revenue share in the global orthopedic devices market, which was valued at around US$ 39.17 Bn in 2022.

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Sales Analysis of Orthopedic Trauma Devices Market from 2013 to 2022 Vs Market Outlook for 2023 to 2033

The global market recorded a historic CAGR of 6.02% in the last 9 years from 2013 to 2022.

In orthopaedics, bone fixation virtually always necessitates the use of implants. The materials utilised for the implant have changed throughout time from being inert to resembling the shape of the bone. As a result, bioactive, biocompatible, and absorbable materials have been developed.

The major objective of external fixation is to keep the fracture's length, alignment, and rotation stable. External fixation can be used for either temporary or permanent fixes. If required, both techniques can be used in addition to partial internal fixation. The methods and ideas of external fixation for different fractures of the upper extremities, lower extremity, and pelvis are crucial knowledge for orthopaedic surgeons working in trauma centres.

Today, external fixation is essential in the treatment of fractures. It can give final fixation in addition to temporary fracture stabilisation. Due to its rapid application, reduced blood loss, and minimally invasive application, external fixation can be used in damage control settings to avoid the so-called "second hit" problem.

Furthermore, the danger of injection and wound complications is proportionally reduced by allowing time for the swelling of the soft tissues to go down in severe injuries.

Due to an increase in the frequency of minor fractures and serious, life-threatening injuries, the market is predicted to develop significantly. In addition, an important element influencing the expansion of the global market is the increase in accidents and other fatalities, as well as the trauma related to road accidents, falls, and the increased prevalence of osteoarthritis and orthopaedic sports injuries.

The global market is thus likely to show high growth over the coming years at a CAGR of 6.0% and reach a global market size of US$ 19.1 Bn by 2033.

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How Can the Global Orthopedic Trauma Devices Market Grow?

Development of Novel Implant Materials and Deployment of 3D Printing Technologies

Metal, bioceramics, and polymers are currently the most common materials utilised in orthopaedics. Recent evidence suggests that biomedical nanotechnology is receiving significant attention.

The focus of research has recently shifted to magnesium alloys because of their biocompatibility and suitable mechanical qualities.

Modern biodegradable metal materials with good osseointegration properties come from Mg-based metal alloys. In order to deal with load-bearing zone fractures, continued research will focus on the development of alloys with a slow rate of degradation and increased mechanical strength.

Orthopedics is significantly benefiting from the rapid advancements and implementation of 3D printing technology, even though the field of orthopaedics has yet to be investigated thoroughly.

Due to their potential for usage as filaments for fused deposition modelling, solutions for stereolithography equipment, and gels for direct ink writing, polymers are one of the most often utilised materials in 3D printed orthopedic implants.

Studies on the viability of employing desktop 3D printers to replicate surgical implant models with biocompatible materials indicated lower manufacturing costs but did not attain mechanical qualities equal to conventional stainless-steel implants.

Life-size anatomical models and implants can be generated from 3D printed materials in the field of orthopaedics.

Given the suitability of the adoption of 3D printed technologies for creation of customized implants, as well as the use of nanotechnology-based biomaterials for implant materials, there has been growing research on the usability of enhanced solutions for orthopedic trauma.

These factors will cumulatively provide an opportunistic growth outlook to the overall market during he forecast years.

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Can the Orthopedic Trauma Devices Market Growth Be Affected in Any Way?

Limitations of Fixators

For long-bone fractures, external fixation or joint replacements may be an alternative to internal fixation, depending on where the fracture is. Limitations vary based on the operation and include the risk of infection as well as the magnitude of the functioning output. Infection risk is the same whether wound management and debridement are effective or ineffective when managed with intramedullary nailing or external fixation.

Additionally, external fixators have a number of other drawbacks, such as the possibility of joint contractures, a prolonged bone-healing time, and an increased risk of infection at the points where pins and wires go into the body.

In addition, like any other implant, significant consideration must be given to the material selected for the implants used to treat orthopaedic problems. If the wrong material is used, the implants themselves may result in bone fractures, deformities, or inadequate bone healing. Each of the three groups of biomaterials-ceramics, metals, and polymers-has been used to treat bone fractures and bone abnormalities, and each has certain advantages and restrictions for the applications that they can be employed in.

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Country-wise Insights

Why is the U.S. Orthopedic Trauma Devices Market Booming?

“Increasing Prevalence of Orthopedic Issues, and Growing Adoption of Orthopedic Procedures in the Country”

The U.S. accounted for around 95.5% share in the North America market in 2022. The market in the U.S. holds a large share within the global market, owed to the rising prevalence of chronic pain, arthritis, low back pain, and neck pain. Moreover, the growing geriatric population in the country, as well as the rising awareness on the existing orthopedic procedures and availability of reimbursements by the government, are factors further propelling the growth of the overall market.

According to the Centers for Disease Control and Prevention, over 40 million American employees experienced lower back pain in 2019. One of the main symptoms that point to underlying disc degeneration is low back pain, which can lead to the replacement of spinal discs and increase demand for orthopaedic trauma devices in the nation.

Will Germany Be a Lucrative Market for Orthopedic Trauma Devices?

“Large Obese Population and Adoption of Titanium Based Fixator Products”

Germany held around 3.5% share of the global market in 2022. Demographics are one of the main forces in this sector. Unit sales are rising as the population gets older and larger, and the elderly have a disproportionately high rate of bone fractures. Additionally, as there are more obese people in Europe, unit sales will increase in line with this trend. Obesity also raises the danger of bone fractures.

Products made of titanium are becoming more and more common in the European orthopaedic trauma device industry. It is anticipated that the price decline of titanium in Germany will contribute to an increase in surgeons' utilisation of titanium products on the global market.

How is China Emerging as a Prominent Market?

“Growing Cases of Injury and Trauma”

China held a share of about 10.1% of the global market in 2022. 4.41 million people in China experience fractures per year, on average. It is expected that the number of traumatic fractures will definitely rise sharply in the near future due to China's ageing population, rapid economic development, industrialisation, and urbanisation, as well as other factors.

Injuries occurring in young and middle-aged patients reached 72%, representing the predominance of injuries, and the comparable percentage of fractures in old persons was 14.7%, according to data collected nationally on the clinical epidemiology of orthopaedic trauma by 2019.

With high prevalence of orthopedic trauma within the country, the segment is set to present a lucrative growth over the forecasted years.

Category-wise Insights

Which Product is Driving Demand within the Global Market?

“Efficiency of Internal Fixators”

Internal fixators held the largest market share globally in 2022 and are expected to hold a market value of around US$ 15.1 Bn by 2033. Internal fixation is a surgical method that uses rods, pins, metal plates, screws, wires, or other mechanical devices to support and unite the ends of fractured bones. If a fracture needs to be internally fixed with a splint or cast, internal fixation is the approach.

To maintain the stability and alignment of shattered bones, an internal fixation device is often employed. To make sure the bones stay in their ideal position both throughout and after the healing process, the device is surgically inserted.

Internal fixation shortens hospital stays, allowing patients to resume normal activities significantly earlier, and reduces the possibility that fractured bones may heal improperly or in the wrong position, thus propelling this segment value within the overall global market.

Which End User Generally Promotes Market Growth?

“Presence of Skilled Professionals and Reimbursement for Procedures”

Hospitals hold a share of about 57.0% in 2022 globally. Growing prevalence of injury and trauma around the globe, as well as the adoption of minimally invasive procedures have propelled the adoption of treatment measures of orthopedic issues within institutional settings. Moreover, with the presence of skilled professions, as well as the existence of devices aiding with surgical interventions, contribute towards the market share for the hospital segment.

Additionally, presence of reimbursement plans, as well as the establishment of trauma centers have further provided traction to this segment within the global market. Essentially, presence of reimbursements for surgical procedures will promote adoption of orthopedic trauma fixation procedures, thus propelling the segment value, within the global market.

Competition Landscape

The primary methods used by manufacturers to boost product sales in various locations are mergers, acquisitions, expansion, product launches, and agreements.To strengthen their product portfolios, the companies in the market are concentrating on launching new products.

Some key instances of development include:

  • In a few EMEA areas, Zimmer Biomet trauma implants with Bactiguard coating were introduced in June 2021.
  • The CitrelockTM Tendon Fixation Device System was introduced by Stryker's Trauma & Extremities business in September 2021. The novel system offers surgeons a distinct design through a tendon thread made of CitregenTM, a resorbable material with special chemical and mechanical characteristics for orthopaedic surgical applications.

Similarly, the team at Persistence Market Research has tracked recent developments related to companies in the orthopedic trauma devices market, which are available in the full report.

Orthopedic Trauma Devices Industry Report Scope

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2013-2022

Market Analysis

USD Million for Value

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Argentina
  • Mexico
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • BENELUX
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Turkey
  • GCC
  • North Africa
  • South Africa

Key Market Segments Covered

  • Product
  • End User
  • Region

Key Companies Covered

  • Johnson & Johnson Services, Inc.
  • Zimmer Biomet Holdings, Inc.
  • Stryker Corporation
  • Smith & Nephew
  • B. Braun Melsungen AG
  • Wright Medical Group N.V.
  • Orthofix International N.V.
  • Integra LifeSciences
  • Citieffe S.R.L
  • Acumed

Report Coverage

  • Market Forecast
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Segments Covered in Global Industry Research

Product:

  • Internal Fixators
    • Screws
    • Plates
    • Intramedullary Nails
    • Others
  • External Fixators
    • Unilateral Fixators
    • Circular Fixators
    • Hybrid Fixators

End User:

  • Hospitals
  • Orthopedic and Trauma Centers
  • Ambulatory Surgical Centers

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

- Companies Covered in This Report -

  • Johnson & Johnson Services, Inc.
  • Zimmer Biomet Holdings, Inc.
  • Stryker Corporation
  • Smith & Nephew
  • B. Braun Melsungen AG
  • Wright Medical Group N.V.
  • Orthofix International N.V.
  • Integra LifeSciences
  • Citieffe S.R.L
  • Acumed

- Frequently Asked Questions -

The global market is currently valued at around US$ 9.9 Bn in 2022.

Sales of the market are set to witness growth at a CAGR of 6.04% and be valued at around US$ 19.1 Bn by 2033.

Demand for the global market increased at a 6.02% CAGR from 2013 to 2022.

The U.S., China, Japan, Germany, and Brazil account for most demand within the market, currently holding around 70.0% market share.

The U.S. accounts for around 95.5% share of the North American market in 2022.

Latin America accounts for around 7.4% share of the global market in 2022.

China held a revenue share of about 10.1% of the global market in 2022.

Germany held around 3.5% share of the global market in 2022.

Brazil market is expected to grow at a 6.0% CAGR during the forecast period.

The orthopedic trauma devices market in India is set to expand at a 8.8% CAGR over the forecast period.

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