Trauma Fixation Devices Market size was valued at USD 8.93 billion in 2023 and is anticipated to reach USD 26.1 billion by the end of 2036, expanding at around 8.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of trauma fixation devices is assessed at USD 9.54 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.
Author Credits: Radhika Pawar
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