A thorough qualitative review of the aspects responsible for propelling or constraining the growth of the market and impending market opportunities has been administered. As per WHO, the global population over 60 years is expected to reach 2 billion by The accessories segment covers products such as braces, arthroscopes, and other consumables.
End-use Insights The market is classified into hospitals and ambulatory surgical centers based on end use.
However, there are a few factors restraining the growth of the market, such as rising cost of surgery, dearth of awareness, and lack of health insurance in emerging countries.
Key Market Dynamics Prevalence of rheumatoid arthritis and osteoarthritis are the most likely to positively impact the demand for orthopedic trauma fixation devices.
The advantageous features posed by orthopedic trauma devices, such as internal and external fixators to set a fracture, and in repositioning of bone fragments into their normal alignment are also driving the growth of the market worldwide.
The upper extremities segment is expected to grow at a rapid rate owing to factors such as increased physical and sports activities among people 18 years or less, resulting in rise in sports-related injuries. In terms of volume and value, North America is estimated to be remain the dominant market over The global market for orthopedic trauma fixation devices is experiencing substantial growth owing to the rising frequency of fractures and shortage of substitutes.
Emerging economies are poised to witness higher growth than the developed ones, mainly because of increasing adoption of in developing nations and market maturity in the developed countries. Expanding demand for improved facilities in orthopedic trauma surgeries and rising investments by multinational companies and governments have supported the growth of the market for orthopedic trauma fixation devices.
Following higher penetration of orthopedic trauma devices in developing markets, the market in Asia Pacific is likely to witness the fastest growth throughout the forecast period. Reduced prices of older versions owing to rapid pace of innovation and upgrades are anticipated to create business opportunities, especially in emerging regions.
The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year Y-o-Y growth to understand market predictability and to identify the right opportunities.
The reports also highlights a few market trends and provides valuable insights into various segments of the global orthopedic trauma devices market. Geographical analysis elaborates the market trends based on the four key geographical segments of the global market: Moreover, high adaption of new technology is expected to further fuel regional market growth.
Some of the major players operating in the orthopedic trauma fixation devices market: The report also incorporates a detailed analysis of the industry patterns and organization profiles for orthopedic trauma fixation devices market.
In addition, a booming medical tourism industry owing to availability of advanced healthcare treatments at a cheaper cost is expected to attract target patient population from other geographies to Asia Pacific.
Orthopedic Devices Market Size to hit $53bn by Global Market Insights, Inc.
Sep 12, · The "Global Orthopedic Trauma Fixation Devices Market - by Type of Internal Fixator, Composition, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates ( Leading companies active in the global orthopedic trauma devices marketplace are likely to encounter with various attractive opportunities in near future, such as bolstering demand for outpatient surgical procedures, increasing funds for delivering state-of-the-art trauma care, and ongoing development of innovative, efficient, and effective orthopedic trauma care products.
Europe Orthopedic Devices Market Size, By Product, (USD Million) The growing geriatric population base is highly susceptible for developing bone related diseases such as osteoporosis and osteoarthritis. As per WHO, the global population over 60 years is expected to reach 2 billion by According to a recently put forth research on the global market for orthopedic trauma devices, the market is witnessing a primary push from a growing base of geriatric population, in addition to a swelling number of orthopedic disease instances.
Here are 34 most recent trends in the global orthopedic devices market and six of its sub-categories. Global orthopedic devices market (from a Grand View Research report): Global orthopedic trauma devices market (from a Persistence Market Research report) 9.
The market is expected to hit $ billion byGlobal orthopedic trauma devices market size