MarketsandMarkets New release: Trauma Products Market Trends, Business Strategies and Opportunities With Key Players Analysis 2025
The growth in this market is driven by the rising prevalence of degenerative bone diseases, increasing incidence of sports injuries, and the growing number of road accidents and falls. However, Metal sensitivity in patients with trauma implants has hampered market growth to an extent.
[188 Pages Report] The trauma products market is expected to reach USD 7.6 billion by 2025 from USD 5.0 billion in 2020, at a CAGR of 8.3% during the forecast period of 2020 to 2025.
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COVID-19 Impact on the Global Trauma Products Market
The COVID-19 outbreak in Wuhan, China, led to the rapid establishment of several hospitals for treating the increasing number of patients. This has been mirrored in other countries as well—Italy and the US. The COVID-19 outbreak will have a negative impact on the trauma products market from 2020 to 2021. Wound care and planned surgeries are being denied to a number of patients, as medical providers are restricted from performing elective or non-essential surgeries in an attempt to preserve resources for treating COVID-19 patients, causing a drop in demand for trauma products such as internal fixators. However, after this pandemic, these denied cases will be addressed, thereby increasing the demand for trauma products.
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The internal fixators segment is estimated to grow at the highest CAGR in the trauma products market, by type, in 2019
Based upon type, the trauma products market is segmented into internal fixators, external fixators, and other trauma products. Internal fixators include plates, screws, nails, and other internal fixators (pins, wires, clamps, and staples). External fixators include unilateral and bilateral, circular, and hybrid fixators. In 2019, the internal fixators segment accounted for the largest share of the market. This segment is also projected to grow at the highest CAGR during the forecast period. This can be attributed to the high incidence of trauma injuries, rising geriatric population, and the high adoption of internal fixators over external fixators.
The lower extremity segment will continue to dominate the trauma products surgical site market during the forecast period
Based on surgical site, the trauma products market is segmented into upper extremity and lower extremity procedures. The upper extremities segment includes shoulder, arm, hand and wrist, and elbow. The lower extremities segment includes hip and pelvic, thigh, lower leg, foot and ankle, and knee. In 2019, the lower extremities segment accounted for the largest share of the trauma products market. The high incidence of sports injuries and the growing number of road accidents and falls are supporting the growth of this segment.
Hospitals and trauma centers are the largest end users of trauma products
By end user, the trauma products market is segmented into hospitals and trauma centers and ambulatory surgery centers. In 2019, the hospitals and trauma centers segment accounted for the largest share of the global trauma products market. The large share of this segment can be attributed to the growing number of patients undergoing treatments in hospitals, increasing government support to supply well-equipped instruments, and infrastructural developments in hospitals.
Asia market to witness the highest growth during the forecast period
The trauma products market is divided into four regions—North America, Europe, the Asia and RoW. These regions are further analyzed at the country levels. North America held the largest share of the trauma products market in 2019, followed by Europe and the Asia. The Asia market is projected to grow at the highest CAGR during the forecast period. The growth in the Asian market is primarily attributed to the increasing incidence of trauma injuries, rising geriatric population, increasing government investments, and the growing focus of major players on the Asian region.
Key Players:
The trauma products market is dominated by a few globally established players such as DePuy Synthes (US), Integra LifeSciences Corporation (US), Smith & Nephew (UK), Stryker (US), and Zimmer Biomet (US).
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