Growing Prevalence of Minimally Invasive Trauma Surgeries to Infuse Growth into the Global Orthopedic Trauma Devices Market Until 2020, Says Technavio

LONDON--()--According to the latest market research report by Technavio, the global orthopedic trauma devices market is expected to grow at a CAGR of around 6.56% until 2020.

In this report, Technavio covers the present scenario and growth prospects of the orthopedic trauma devices market for 2016-2020. To calculate the market size, the report considers the volume consumed and the revenue generated from the sales of the following trauma devices:

  • Metals, including screw systems, nailing systems, external fixation (clamps and connecting rods), and plating systems
  • Non-metals, including polymers, ceramics, and composite devices

“Minimal invasive surgery (MIS) procedures offer safe and efficient treatment to billions of patients, especially those suffering from arthritis or injured in accidents. Trauma devices such as intramedullary nailing, cannulated screws, external fixation, bridge plate, and percutaneous plating are incorporated into patients through MIS. The increasing preference of patients and surgeons for minimally invasive trauma surgeries is anticipated to contribute significantly towards the growth of the orthopedic trauma devices market during the forecast period,” said Brahadeesh Chandrasekaran, one of Technavio’s lead industry analysts for orthopedics and general devices.

“Orthopedic trauma biomaterial products, in particular, are finding widespread application in fracture fixation procedures. These biomaterial devices have the capacity to fit more precisely into the patient’s bone anatomy. Also, biomaterials can be used as a substitute for metal implants, since metals corrode and become less fatigue-resistant during the course of time,” added Brahadeesh.

Segmentation of global orthopedic trauma devices market by geography 2015

Americas

 

39.99%

EMEA

 

33.18%

APAC

 

26.83%

Source: Technavio Research

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Americas: largest region for the global orthopedic trauma devices market

The Americas is a major revenue contributor for the orthopedic trauma devices market, with the US and Canada as its leading countries. The market in the Americas will witness steady growth because third-party players including domestic dealers, government, and private health insurers limit reimbursement and healthcare coverage, resulting in decreased sales of new products.

However, the increased elderly population and high prevalence of obesity in countries such as the US and Canada propels the use of minimal invasive surgeries which in turn spurs the growth of this market. For instance, in 2014, over 1.6 million trauma fixation procedures were performed in the US and the numbers are predicted to increase during the forecast period.

EMEA: second largest region for the global orthopedic trauma devices market

EMEA, the second largest revenue contributor for the orthopedic devices market and is characterized as highly competitive. The rise in demand for internal fixation trauma products such as screws and plates contributes significantly to market growth. The region is also witnessing growth on account of increased sales of intramedullary nails since it is gaining rapid popularity and can be used by surgeons for multiple applications on the human anatomy. The product is particularly witnessing an increase in demand from the diabetic patient population of the region.

Global orthopedic trauma devices market in APAC

APAC is the fastest growing region for the orthopedic trauma devices market. Countries such as China, Australia, Japan, Singapore, India, and Malaysia are major revenue contributors for the APAC region. The APAC market is characterized by the presence of many local players who offer products at lower prices, a factor that is also believed to restrict the entry of large players into the region. This trend is making large corporations cut down the prices of their products and form strategic alliances with local manufacturers to enter this market. Technavio researchers predict the orthopedic trauma devices market in APAC will likely grow at a CAGR of over 9% over the next four years.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

According to the latest market research report by Technavio, the global orthopedic trauma devices market is expected to grow at a CAGR of around 6.56% until 2020.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com