Trauma Fixation Devices Market Analysis

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 2021 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:

By Product	External Fixators Internal Fixators Others
By Application	Hospitals Ambulatory Surgical Centers Other

Frequently Asked Questions (FAQ)

Growing burden of bone degenerative diseases and increasing number of road accidents are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Lack of trained professionals are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increasing geriatric population and increasing prevalence of orthopaedic diseases and injuries.

The major players dominating the trauma fixation devices and equipment market are Smith & Nephew, Stryker Corporation, Zimmer Biomet Holdings Inc., Acumed LLC, Bioretec Ltd. among others.

Trauma Fixation Devices Market Analysis