Orthopedic Trauma Devices Market, by Fixator Type (Internal Fixator [Screws, Plates, Nails, and Others], External fixator), by Material (Non-absorbable [Titanium, Stainless steel stand, and Other] and Bio-absorbable), by End User (Hospitals, Orthopedic Clinic, and Ambulatory Surgical Centers), and by Region - Global Forecast to 2025
- Report code : CMI4130 |
- Industry :
Medical Devices
- Published On : May 2018 |
- Pages : 180 Pages |
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Orthopedic Trauma Devices Market
Orthopedic trauma is a condition that includes injuries mainly affecting the human skeletal system thereby, limiting smooth mobility of the person affected and reduces quality of life. It includes the conditions ranging from simple fracture to severe life threatening injuries caused, due to accidents or other fatal incidences. Orthopedic trauma includes multiple broken bones across different parts of the body such as hand (humerus, radius, and ulna), leg (Femur, Tibia, and fibula), feet (Tarsals, Metatarsals, and Phalanges), shoulder (clavicle and scapula), and brain that involve extensive reconstructive surgery. Various equipment and devices play a key role in reconstructive surgeries such as screws, plate system, nail system, special implants (internal fixator devices), and external fixator devices. These devices are commonly made of titanium and stainless steel.
The global orthopedic trauma devices market was valued at US$ 4.9 billion in 2016 and is expected to witness a robust CAGR of 5.3% over the forecast period (2017–2025).
Figure 1. Global Orthopedic Trauma Devices Market Value (US$ Bn), by Region, 2016
Source: Coherent Market Insights (2018)
Rising number of orthopedic trauma cases is expected to drive growth of the orthopedic trauma devices market
Trauma, which causes skeletal injury is associated with number of causes such as road accident and fall injury. Increasing number of trauma associated with road accidents and other causes is expected to propel growth of the orthopedic trauma devices market. According to Global Burden of Disease report published by Lancet in 2015, road injuries is one of leading cause amongst 20 causes of the disease burden worldwide. Rising number of fall injuries is also expected to boost orthopedic trauma devices market, as often fall injury causes dislocation and breakage of bones, which may require surgical procedure. According to World Health Organization (WHO) factsheet in 2018, each year there are around 37.3 million falls, which requires medical attention whereas estimated 646,000 individuals die from falls globally every year. Rising geriatric population would also aid in growth of the orthopedic trauma devices market, as people in this age group are more prone to bone fractures, due to fall injury and other orthopedic complications. According to a WHO factsheet, 2018, adults older than 65 years of age suffer from the greatest number of fatal falls. According to United Nation report titled World Population Prospect -the 2017 revision, global population of people aged over 60 years would rise from 962 million to 1.3 billion by 2030, which in turn could be a leading factor for increasing demand for orthopedic trauma device, over the forecast period.
Increased prevalence of osteoarthritis and orthopedic sports injury is also expected to drive growth of the orthopedic trauma devices market
Osteoarthritis forms one of the major burden of muscoskeletal disease worldwide characterized by deformations of joints, which requires surgical intervention to keep joint intact with help of supporting plates, screws, and nails. According to Arthritis Foundation report titled Arthritis, an estimated 91.2 million people in the U.S. are suffering from arthritis, whereas, 54.4 million people amongst this are diagnosed arthritis by doctors.
Increasing number of people are opting for some of the other sport, owing to increasing awareness about one’s health. This has led to increasing number of injuries associated with sport. These injuries are could be fractures and bone dislocation that need to be corrected with orthopaedic trauma devices. According to statistics by American Academics of Pediatrics, 775,000 children aged 14 years and younger are admitted in hospital emergency rooms for sports-related injuries each year.
Key players present in orthopedic trauma devices market are Stryker Corporation, Zimmer Holding Inc., Smith & Nephew, Biomet, Inc, DePuy Synthes (a Johnson & Johnson Company). Other prominent players are Braun Melsungen AG, Arthrax, Inc., Medtronic Inc., Integra LifeSciences Corporation, Orthofix International, NuVasive, and Conmed Corporation.
Orthopedic trauma devices are commonly used in fractures of skeletal system. These devices include internal fixator, which are placed surgically at the location of fracture, and includes screw and plates system, nails, implants, and cables and wires. Plates comes with different number of holes (2 holes, 6 holes) depending on the severity of trauma, also it comes with standard, locking, and hybrid version. Intramedullary nails are to be used at different surgical sites such forearm, humerus, femur, tibia, and ankle. Screw comes either as intramedullary or cannulated, which are used at hips and other location. External fixator system are used to support the leg or hand for external support. It comes with different designs such as unilateral, circular, or hybrid.
Market Dynamics
Major factors driving growth of the orthopedic trauma devices market is increasing incidence of fractures associated with trauma injuries. According to fracture risk map provided by the International Osteoporosis Foundation, in 2017, regions such North America and Eurasia have high probability of over 15%, where people aged 65 years and above have risk of fragile fracture, whereas Europe and some part of Latin America has intermediate probability 10-15% for risk of fragile fracture. Injuries from various reasons such as falls and road accidents accounted for one of largest contributor for trauma. According to WHO report, Injuries and Violence facts 2014, over 5 million people die each year as a result of injuries, resulting from acts of violence (suicide and attack by other), road crashes, burns, falls and other causes. These injuries account for 9% of the world’s deaths, which is close to twice than that of other leading causes (HIV, TB and Malaria). Along with this several people suffer non-fatal injuries, which require treatment. Major players have broad product range to cater to different needs of people for various skeletal trauma. This is expected to aid in growth of the market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of orthopedic trauma devices market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new Fixator launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global orthopedic trauma devices market based on the following parameters – company overview, financial performance, Fixator portfolio, market presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Stryker Corporation, Zimmer Holding Inc., Smith & Nephew plc, Biomet, Inc, DePuy Synthes, and others.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future fixator launch, technology up-gradation, market expansion, and marketing tactics
- The global orthopedic trauma devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the orthopedic trauma devices market
Detailed Segmentation:
- Global Orthopedic Trauma Devices Market, By Fixator Type:
- Internal Fixator
- Plates and Screws
- Nails
- Others
- External Fixator
- Global Orthopedic Trauma Devices Market, By Material :
- Non-absorbable
- Titanium
- Stainless Steel
- Other
- Bio-absorbable
- Global Orthopedic Trauma Devices Market, By End User:
- Hospitals
- Orthopedic Clinic
- Ambulatory Surgical Centers
- Global Orthopedic Trauma Devices Market, By Region:
- North America
- By Fixator Type:
- Internal Fixator
- Plates and Screws
- Nails
- Others
- By Material :
- Non-absorbable
- Titanium
- Stainless Steel
- Other
- Bio-absorbable
- By End User:
- Hospitals
- Orthopedic Clinic
- Ambulatory Surgical Centers
- By Country:
- U.S.
- Canada
- Latin America
- By Fixator Type:
- Internal Fixator
- Plates and Screws
- Nails
- Others
- By Material :
- Non-absorbable
- Titanium
- Stainless Steel
- Other
- Bio-absorbable
- By End User:
- Hospitals
- Orthopedic Clinic
- Ambulatory Surgical Centers
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Fixator Type:
- Internal Fixator
- Plates and Screws
- Nails
- Others
- By Material :
- Non-absorbable
- Titanium
- Stainless Steel
- Other
- Bio-absorbable
- By End User:
- Hospitals
- Orthopedic Clinic
- Ambulatory Surgical Centers
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Fixator Type:
- Internal Fixator
- Plates and Screws
- Nails
- Others
- By Material :
- Non-absorbable
- Titanium
- Stainless Steel
- Other
- Bio-absorbable
- By End User:
- Hospitals
- Orthopedic Clinic
- Ambulatory Surgical Centers
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Fixator Type:
- Internal Fixator
- Plates and Screws
- Nails
- Others
- By Material :
- Non-absorbable
- Titanium
- Stainless Steel
- Other
- Bio-absorbable
- By End User:
- Hospitals
- Orthopedic Clinic
- Ambulatory Surgical Centers
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Fixator Type:
- Internal Fixator
- Plates and Screws
- Nails
- Others
- By Material :
- Non-absorbable
- Titanium
- Stainless Steel
- Other
- Bio-absorbable
- By End User:
- Hospitals
- Orthopedic Clinic
- Ambulatory Surgical Centers
- By Country:
- South Africa
- Central Africa
- North Africa
- Company Profiles
- DePuy Synthes, Inc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Market Strategies
- Stryker Corporation
- Zimmer Biomet, Inc.
- Smith and Nephew, plc
- B.Braun Melsungen AG
- Arthrax, Inc.
- Conmed Corporation
- Orthofix Holdings, Inc.
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Fixator Type
- Market Snippet, By Material
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- New Product Launches
- Mergers and Acquisitions
- Porters Five Forces model
- PESTLE Analysis
- Global Orthopedic Trauma Devices Market, By Fixator Type, 2017 – 2025, (US$ Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2017 – 2025
- Segment Trends
- Internal Fixator
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Plates and Screws
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Nails
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- External Fixator
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Global Orthopedic Trauma Devices Market, By Material, 2017 – 2025, (US$ Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2017 – 2025
- Segment Trends
- Non-absorbable material
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Titanium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Stainless Steel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Other
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Bio-absorbable material
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Global Orthopedic Trauma Devices Market, By End User, 2017 – 2025, (US$ Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2017 – 2025
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Orthopedic Clinic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Introduction
- Global Orthopedic Trauma Devices Market, By Region, 2017 – 2025, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, For Regions, 2015 – 2025
- North America
- Market Size and Forecast, By Fixator Type, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Fixator Type, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Fixator Type, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Fixator Type, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Fixator Type, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Fixator Type, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
- DePuy Synthes.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Market Strategies
- Stryker Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Market Strategies
- Zimmer Biomet, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Market Strategies
- Smith and Nephew, plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Market Strategies
- B.Braun Melsungen AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Market Strategies
- Arthrax, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Market Strategies
- Conmed Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Market Strategies
- Orthofix Holdings, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Market Strategies
- DePuy Synthes.*
- Analyst Views
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 65 market data tables and 40 figures on "Orthopedic Trauma Device Market - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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