Global Trauma Fixation Devices Market - 2021-2028
Any wound or injury caused by applying force or violence to a living body is referred to as a traumatic injury. Bone fractures and illnesses that affect bone tissue, such as cancers, are among the most frequent. Trauma fixation devices are among the oldest devices still in use and treat bone fractures and tissue deterioration.
The global trauma fixation devices market size was valued US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
Total Hip replacement arthroplasty(THA) advances and innovations are expected to drive market growth.
Total hip arthroplasty (THA) has been considered one of the most successful and cost-effective orthopedic surgeries. The number of THAs performed globally has increased exponentially in the previous decade, as has the percentage of young patients looking to improve their quality of life and return to physically demanding activities. Total joint arthroplasty has seen an increase in the use of 3D printing technologies. This technology is used in patient-specific instrumentation (PSI), which allows the operating surgeon to precisely position the implants according to the pre-operative plan. Moreover, 3D printed metal can replicate the pore size and elasticity of the trabecular bone, opening numerous avenues to cementless implants.
More recently, robotic-arm assisted surgery has been developed as a promising technique to improve accuracy in cup placement with minimal intra-operative complications. Additionally, the trauma fixation sector has progressed steadily over time, with the most recent improvements focusing on using polymeric materials to improve outcomes. For various reasons, this is especially true for bone fixation components made of Carbon Fiber (CF) reinforced PEEK polymers, such as bone plates and screws. Future advancements in PEEK implants will potentially feature antimicrobial properties, reducing the likelihood of infection around the implantation site. Even without those advancements, PEEK is increasingly becoming the material of preference in trauma fixation devices. Thus, from the above statements, the market is expected to boost in the forecast period.
The new trauma fixation devices come with complex technological operations that trained professionals can only perform. Most developing and poor economies lack trained candidates to operate technologically complicated equipment. Moreover, the decrease in Medicare reimbursements for orthopedic trauma surgery from 2000 to 2020 in the USA and stringent regulatory issues are some of the factors the market is expected to get hampered in the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic has substantially influenced orthopedic surgery, with a considerable reduction in elective procedures, which are orthopedic physicians' bread and butter. The spectrum of orthopedic trauma injuries has shifted from more severe and frequent road traffic accidents (high energy trauma) to general, low energy household injuries like low energy fractures in the elderly, pediatric fractures, household sharp cut injuries, and nail bed lacerations, according to the findings. Moreover, outpatient clinics and the orthopedic emergency bay were restricted to emergency issues such as infections, fractures, and follow-up care of post-operative patients. The screening of these patients was done by clinical staff and consultants only (residents were excused from the clinics); the rest of the patients are managed via tele-clinics, a promising evolving modality. Additionally, COVID-19 disrupted daily practices: elective orthopedic procedures like joint replacements, nerve and tendon transfer, reconstruction of sports-related injuries and care delivery system of orthopedic surgery. The pandemic is not likely to have long-term effects on end-users primary growth in the trauma fixation devices market.
Internal Fixators segment is expected to hold the largest market share in trauma fixation devices market.
In 2020, the internal fixators segment accounted for the highest market share. Internal fixation devices are medical implants implanted in the body to keep the bone's shape and to bear load as it heals. Cannulated screws, intramedullary nails, hip screws, cables, wires, pins, and plates treat internal damage. This hardware is biologically inert and provides great support, allowing it to work across a wide spectrum of therapies. For instance, PEEK and PAEK polymers are used for applications relating to facial trauma. Craniomaxillofacial, or CMF, implants are essential for facial trauma or tumor resection and are increasingly fabricated from PAEK or PEEK polymers for numerous reasons.
Moreover, they are much lighter than metal alternatives, so patients adapt to their presence faster. Further, PEEK and PAEK offer much lower thermal conductivity, making them less sensitive to changing temperatures. Therefore, it increases the demand for trauma fixation devices.
North America region holds the largest market share in the global trauma fixation devices market
In 2020, North America accounted for the highest revenue share. The increasing number of geriatric patients, the rising burden of osteoporosis and other bone diseases, increasing incidents of burn cases, increasing unintentional injury is some factors the region is expected to boost in the forecast period. For instance, according to the National Center for Biotechnology Information, published in May 2020, With an increasingly aging population, the importance of preventing and managing osteoporotic fragility fractures is increasing over time. Moreover, according to a report by the US Surgeon General, approximately 10 million Americans over the age of 50 have osteoporosis, with a further 34 million at risk of the disease. Osteoporotic fractures in the USA are extremely common, with an estimated 1.5 million suffering fragility fractures each year. Additionally, according to the Centers for Disease Control and Prevention, unintentional injuries caused 169,936 fatalities in the United States in May 2020, and unintentional injuries caused 39.5 million physician visits and 29.4 million emergency department visits. Thus, the market is expected to grow in the North American region in the forecast period from the above statements.
Major key players in the trauma fixation devices market are Stryker Corporation , Johnson & Johnson, Cardinal Health Inc., Smith & Nephew PLC, Medtronic PLC, Wuhan Yijiabao Biological Materials, Ortosintese, Zimed Medical, MIKAI and TASARIMMED. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which contribute to the growth of the trauma fixation devices market globally. For instance, Orthofix's 'JuniOrtho plating system' obtained FDA and CE Mark clearance from the United States Food and Drug Administration and the European Commission in July 2020. This device is designed for advanced deformity and trauma reconstruction of the lower extremities in pediatric patients.
Smith & Nephew plc:
Smith & Nephew plc, also known as Smith+Nephew, is a British multinational medical equipment manufacturing company headquartered in Watford, England. It is an international producer of advanced wound management products, arthroscopy products, trauma and clinical therapy products, and orthopedic reconstruction products. Its products are sold in over 100 countries.
Product Portfolio: The company manufactures Plates and Screws, IM Nails, Temporary Fixations (External Fixator and Unilateral Fixator), Hip fractures, Extremities and Limb Restoration, Foot and Ankle, Hand and Wrist, Shoulder and Elbow devices.
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Global Trauma Fixation Devices Market – By Type
• Internal Fixators
• External Fixators
o Unilateral and Bilateral External Fixators
o Circular Fixators
o Hybrid Fixators
Global Trauma Fixation Devices Market – By Surgical site
• Lower Extremities
o Hip and Pelvic
o Foot and Ankle
• Upper Extremities
o Hand and Wrist
Global Trauma Fixation Devices Market – By Material type
o Stainless steel
Global Trauma Fixation Devices Market – By End user
• Ambulatory Surgery Centers
• Trauma Centers
Global Trauma Fixation Devices Market - By Region
• North America
• South America
• Asia Pacific
• Middle East & Africa"
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