Trauma Fixation Devices Market Outlook:
Trauma Fixation Devices Market size was over USD 8.4 billion in 2024 and is estimated to reach USD 18.9 billion by the end of 2037, exhibiting a CAGR of 7.02% during the forecast period, i.e., 2025-2037. In 2025, the industry size of trauma fixation devices is evaluated at USD 8.9 billion due to the rising demand for advanced intervention in trauma injury.
According to the United Nations World Aging Report, more than 1 billion people are anticipated to be over the age of sixty. The risk of injuries and fractures in the aged population is extremely high, which has created a significant demand for trauma fixation devices. Market analysis conducted by the World Health Organization, approximately 45 million non-fatal injuries and 1.4 million deaths occur due to road accidents globally. Risk of fracture and growing demand for advanced devices to intervene the critical accident injuries leveraged the demand within the concerned market. Technological advancement is one of the key aspects that have created high reliability in trauma fixation devices.
Primary raw materials required for the manufacturing of the trauma fixation devices include titanium and stainless steel. China, Germany, and the U.S. are the dominating regions with possession of more than 60% of the supply chain share. According to the data of the U.S. Bureau of Labor Statistics (BLS), a 4.4% rise in the Producer Price Index and a 2.9% growth in the Consumer Price Index are experienced within the market. This resulted in an escalation of the price of the raw materials, and the practice of bulk purchasing increased. Higher investment by the government expanded the scope of advanced research and development. For instance, approximately USD 675 million is invested by NIH for orthopedic device innovation.
