Orthopedic Trauma Devices Market Overview
Orthopedic trauma is a condition that includes injuries mainly affecting the human skeleton and deteriorating the condition of the subject. It includes the conditions ranging from simple fracture to severe life threatening injuries that are caused due to accidents. Orthopedic trauma includes multiple broken bones across different parts of the body that involve extensive reconstructive surgery. Severe orthopedic traumas can only be treated by fracture specialists and specialized team of surgeons. Various equipment and devices play a key role in reconstructive surgeries. Orthopedic traumas include dislocations, sprains, connective tissue injuries, hematomas, and final to traumatic amputations.
Orthopedic Trauma Devices Market Trends: Increasing Number of Cranial and Musculoskeletal Surgeries
Fat embolism and compartment syndrome are some of the other conditions that can arise due to orthopaedic traumas. The human skeleton is broadly divided into two main sections, namely upper and lower extremity. As the name suggests the upper extremity includes the upper section of the body above the abdomen such as cranium, humorous, ulna, collar bone, spine, and wrist bones. Cranium is an important part of the skeleton that helps keep the nervous system protected. Treatment of orthopedic trauma such as cranial injury is a complex task that requires specialized devices and support system. Treatment options vary according to the type and severity of the condition. For instance, external fixation is a commonly used technique for skeletal immobilization through which, bones or their fragments are kept stationary to perform surgeries. Fixation involves insertion of nails and screws in the fractured pieces of bones to make them immovable.
Orthopedic Trauma Devices Market: Global Market Still Provides Significant Growth Potential
Though there are large number of specialized orthopedic hospitals, clinics and trauma centres across the globe, the market still holds lucrative growth opportunities. This is further augmented by increasing number of surgeries worldwide. According to National Model of Care for Trauma and Orthopaedic Surgery 2015, during patient’s stay in hospital, 86% of orthopaedic inpatients undergo primary surgery procedure and around 70% of this activity is focussed on lower limb surgery.
Orthopedic Trauma Devices Market: Cost Driven Market with Favourable Reimbursement Policies
Favourable reimbursement policies are the beneficial checkpoints of the orthopedic trauma devices market, as the cost for treatment in such cases is relatively high as compared to regular surgery. The reimbursement policies include some vital instruction in which, only evidence-based medicine should be prescribed for treatment apart from the devices used in the surgery that are branded and requires authentic make. Also, other expenditure such as patient transfer rates with healthcare changes should be as per protocol in order to decrease out-of-pocket expense by the patient. However, some factors that can slow down market traction in the near future are rise in cost of procedure, high cost of devices used in treating orthopaedic trauma cases, and low availability of super specialized professionals. Also, the dynamic nature of orthopedic branch is such that specialists involved need to constantly upgrade their skills and keep track of the changing practices. Sub-specialization has become commonplace and the market is characterized by an acute shortage of general orthopedic surgeons.
Market segmentation of orthopaedic trauma devices includes various categories, such as:
Product type, material type and end user
Orthopedic Trauma Devices Market by Product type
Orthopedic Trauma Devices Market by Material type
Orthopedic Trauma Devices Market by End User
Orthopedic Trauma Devices Market Future Outlook: Focus on Research and Development for Cost Effective Products
Some organizations involved in the manufacturing of the orthopaedic trauma devices also actively focus on research and development activities to introduce better and economical products. Increasing focus on strengthening the distribution channels is expected to further enhance availability of products in the market. Some of the key players in market are as follows:
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:
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:
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:
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.
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:
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.
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:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized firstname.lastname@example.org
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.