The global market for orthopedic trauma devices is projected to register CAGR of 8% during the forecast period (2015-2022), as predicted by Market Research Future (MRFR). Increasing number of trauma associated with road accidents and other causes is expected to fuel the market growth. Rising geriatric population also aides the growth of the orthopedic trauma devices market, as people in this age group are highly prone to bone fractures resulting from fall injury and other orthopedic complications. It has also been observed that an increasing number of people are getting interested in some form of sport, owing to increasing awareness about one’s health. This has resulted in an accelerated number of injuries associated with sport, thus having a knock-on effect on the global market size. Moreover, a handful of companies are involved in the development and marketing of orthopedic trauma devices, thereby leading to the market to evolve with growth opportunity.
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But the market is not without its challenges as poor healthcare infrastructure in few developing economies impedes the said market growth. However, looking at the bright side, the industry is discovering new applications in orthopedics on the back of advances in 3D printing. Subsequently, 3D printed implants are trending rapidly across the globe. Also, the market is apprehended to attain massive revenues in coming years due to another market trend, namely reverse shoulder arthroplasty.
Market Segmentation
The global orthopedic trauma device market is segmented on the basis of material type, product type and end-users.
The material types in the market are bio-absorbable materials, non-absorbable materials and others. The applications of bio-absorbable implants in orthopedic surgery are primarily mandated from the need to eliminate implant removal operations, thus gaining widespread popularity among orthopedic surgeons. Consistent development and product enhancement have given significant push to the bio-absorbable materials segment in the global market.
The product types in the global market are screws, plates, patient specific implants and others. The market for screws is expected to retain a massive share of the market due to favorable reimbursement policies and its wide array of applications in orthopedic surgeries. Moreover, benefits of orthopedic screws make them highly favorable, such as non-interference with MRI, decreased incidence of graft laceration and do not need implant removal. The end-users in the global market include hospitals, rehabilitation centers, clinics and others.
Regional Analysis
Globally, North America currently occupies the largest market for global orthopedic trauma devices market and is bound to secure its top position in the global market throughout the forecast period. Soaring use of bio-absorbable plates and screws is mainly fuelling the orthopedic trauma devices market in the region. Also, the region is witnessing robust sales of hybrid plates and screws, which will work in favor of the market growth in coming years. On top of that, intramedullary nails are steadily gaining traction in the majority of orthopedic surgeries owing to their increasing popularity as an ideal orthopedic trauma device for various anatomies, in the region.
Closely following the North America region stands the region of Europe, securing the second position in the global orthopedic trauma devices market. Trending incorporation of robotics technology during orthopedic surgeries is presumed to push the market in the region. The market also thrives on the back of constantly flourishing medical industry with well-established healthcare infrastructure.
According to the report, the Asia Pacific region is projected to be the fastest growing market. On the backdrop of an expanding market in developing nations in the region, flourishing medical tourism will continue to trigger the market for orthopedic trauma devices. Moreover, growing preference for minimally invasive fixation is expected to provide a tremendous thrust to the regional market as well. Growing geriatric population and increasing number of cases of injuries and road accidents also help the market captivate the region to a large extent.
The Middle East and Africa markets are exhibiting a positive outlook in terms of market expansion. This can be attributed to manufacturers consistently investing in research and development (R&D) activities to develop innovative and efficient devices, to cater to the growing demand. Large number of R&D activities is presumed to ensure enhanced growth opportunities during the forecast period. Moreover, increasing awareness regarding availability of innovative products among patients is pushing the market to higher levels in the region.
Key Players
Some of the key players in this market are: Invibio (UK), BIOTEK (India), DePuy Synthes Companies, Ortho Max Manufacturing Company Pvt. Ltd., Auxein Medical (India), Stryker, Johnson & Johnson Services, Inc. (US), Smith & Nephew, MEDTRONIC, B. Braun Melsungen AG and others.
Industry Developments
In June 2018, CoreLink acquired Expanding Orthopedics, a privately held medical device developer. The acquisition provides CoreLink with many benefits including growth in the inter-body product category along with growth in the portfolio of innovative orthopedic technology for advanced spine care. The acquisition will also boost the appeal of CoreLink’s recently launched FLXfit and FLXfit 15 titanium interbody systems.
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The minimally invasive and non-invasive product and service market are expected to witness market growth at a rate of 11.10% in the forecast period of 2021 to 2028.
Data Bridge Market Research report on minimally invasive and non-invasive product and service market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth.
The rise in the aging population is escalating the growth of minimally invasive and non-invasive product and service markets.The minimum invasive and non-invasive operation is referred to as an operation that has the lowest incision within the flesh or no instrumentation inside the house.. Download Sample Report @ https://www.databridgemarketresearch.com/request-a-sample?dbmr=global-minimally-invasive-non-invasive-product-service-market The major players covered in the minimally invasive and non-invasive product and service market report are CONMED Corporation., Intuitive Surgical., Medtronic, Johnson & Johnson Services, Inc., Boston Scientific Corporation, Abbott., Clarus Medical LLC., The Cooper Companies Inc., KARL STORZ SE & Co. KG, FUJIFILM Corporation, BD, Zimmer Biomet, Stryker Corporation, Surgical Innovations, HOYA Corporation., Teleflex Incorporated., Smith & Nephew plc, NuVasive, Inc., Olympus Corporation., Mentice., Integra LifeSciences Corporation., among other domestic and global players.
Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately.
DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them in making strategic decisions for the identification of core market applications.Based on product, the minimally invasive and non-invasive product and service market are segmented into surgical devices, medical robotics, monitoring and visualization systems, electrosurgical and auxiliary equipment, and endosurgical equipment.Based on surgery, the minimally invasive and non-invasive product and service market is segmented into cosmetic, gastrointestinal, gynecological, urological, thoracic, cardiac, vascular, and orthopedic surgeries.Based on technology, the minimally invasive and non-invasive product and service market is segmented into non-visual imaging, transcatheter surgery, and laparoscopic surgery.Based on end-user, the minimally invasive and non-invasive product and service market is segmented into hospital surgical departments, surgery centers, individual surgeons, medical schools, and others.
Mobile C-arms are exhibiting the fastest growth in this sector due to its mobility, flexibility and ease of use.
As the technology is advancing and newer accessories are being developed in the medical devices sector, mobile C-arms are continuously providing precise images with greater depth which would in turn help in getting faster and accurate diagnostic results.Growing prevalence of geriatric population and rising orthopedic, respiratory and cardiovascular conditions globally are expected to boost growth of the market.
Other factors, which is leading to such growth in the market, are increasing patient awareness, advancing technology, 3D visualization and greater accessibility of patients for improved healthcare facilities.Request a PDF Sample @ https://www.millioninsights.com/industry-reports/fixed-mobile-c-arms-market/request-sample In the year 2016, orthopedics and trauma segment dominated the Fixed & Mobile C-arms Market market due to the device’s accurate image capturing capability with flexible positioning, efficiency, and versatility.
Products from Siemens Healthineers such as cios Fusion, cios Select and cios Alpha have successfully led and dominated the market in orthopedic sector due to its wide applications in the operating rooms.
The pain management market is estimated to witness the highest growth during the forecast period due to faster workflow, greater maneuverability and higher resolution.Regional InsightsNorth America dominated the C-arms industry with largest revenue share in 2016.
Widening application areas of C-arms and increasing number of people suffering from orthopedic disorders are some of the factors responsible for the dominant growth of the market in this region.
