Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Trauma Fixation Devices Market size was over USD 9.7 billion in 2024 and is poised to exceed USD 28.35 billion by 2037, witnessing over 8.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of trauma fixation devices is evaluated at USD 10.41 billion.
The increasing prevalence of orthopaedic diseases such as osteoporosis and rheumatoid arthritis, along with the rising geriatric population, are expected to fuel the market's progress. The growth of the market can also be attributed to factors such as increasing road accidents, sports-related injury, and contributing to the trauma fixation devices market. According to the data collected from International Osteoporosis Foundation, globally, osteoporosis causes more than 8.9 million fractures annually.
Trauma Fixation Devices Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Burden of Bone Degenerative Diseases
- Increasing Number of Road Accidents
Challenges
- Lack of Trained Professionals
Trauma Fixation Devices Market: Key Insights
Trauma Fixation Devices Segmentation
The trauma fixation devices market is segmented on product into external fixators, internal fixators, and others, out of which the external fixator segment is anticipated to grab the most significant share by the end of 2025 on account of the rising incidence of bone-related injuries that needs alignment and support for appropriate fixation and increasing technological advancements in such devices. Moreover, internal fixators are widely used due to their cost-effectiveness and anatomical compatibility, thereby boosting product demand and overall industry growth.
Based on end-user, the hospital segment in the market is projected to grow with a significant CAGR over the forecast period. The growth of the component can be attributed to the growing incidence of injuries related to sports, a hike in the number of road accidents, and serving a more extensive customer base due to hospitals' expanded presence have augmented segmental growth.
Our in-depth analysis of the global market includes the following segments:
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Customize this ReportTrauma Fixation Devices Industry - Regional Synopsis
Geographically, the trauma fixation devices market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. Asia Pacific industry is likely to hold largest revenue share by 2037, due to a rising geriatric population base prone to physical injury and other degenerative orthopaedic diseases, especially in countries like Japan. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to leading healthcare service providers in the region. Additionally, the rising prevalence of orthopaedic diseases, including osteoporosis and rheumatoid arthritis, also contributes to North America's growth. As per the National osteoporosis foundation, approximately 44 million Americans have low bone density, and around 10 million Americans have osteoporosis, thereby increasing regional growth.
Companies Dominating the Trauma Fixation Devices Landscape
- Cardinal Health Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Medtronic PLC
- Smith & Nephew
- Stryker Corporation
- Zimmer Biomet Holdings Inc.
- Acumed LLC
- Bioretec Ltd.
- Wright Medical Group N.V.
In the News
Author Credits: Radhika Pawar
- Report ID: 2983
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
