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
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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