Global
Trauma Fixation Market by Types (Internal Fixator Devices (Plates, Screws,
Rod Wires & Pins, Fusion Nails), External Fixator Devices), By End-User
(Hospital, Orthopedic Clinic) By Geography (North America, Europe,
Asia-Pacific, Latin America, Middle East and Africa) – Industry Trends and
Forecast to 2024
The Global
Trauma Fixation Market is expected to reach USD 13.2 billion by 2024 from USD
8.2 billion in 2016, at a CAGR of 6.1% in the forecast period 2017 to 2024. The
new market report contains data for historic years 2014 and 2015, the base year
of calculation is 2016 and the forecast period is 2017 to 2024.
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The main driver of global
trauma fixation market is upsurge in the geriatric population worldwide this is
because the aged people possess higher risk for osteoporosis that spur the
demand for trauma fixation devices market. The advancements in the healthcare
technologies, increased disposable income boosts the global trauma devices
market. However the necessity of devices over the globe is increasing and
expected to grow at a CAGR of 6 percent to 9 percent. Favorable reimbursement
policies and awareness about latest progressions in medical field with
inaccessibility of advanced medical facilities contributes to the growth of
trauma fixation devices market.
Trauma
Fixation Market – Market Segmentation:
The
Global Trauma Fixation Devices is segmented on the basis of type and end-user.
On
the basis of types, the market is segmented into internal fixator devices and
external fixator devices. Internal fixator devices are further segmented into
plates, screws, rod wires and pins, and fusion nails. The market report covers
market value and volume of the segments mentioned earlier.
The
global trauma fixation market is further segmented based on end-user into
hospital and orthopedic clinic. The hospital segment dominated the market in
2016 by XXX %.
The
global trauma fixation market is segmented into two types of distribution
channel into over the counter and direct tenders.
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Trauma
Fixation Market – Geographical Segmentation
Based
on geography, the global trauma fixation devices market covers data for 52
countries across multiple geographies such as North & South America,
Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries
covered in this report are U.S., Germany, France, U.K., Netherlands,
Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia,
Singapore, Saudi Arabia, South Africa, and Brazil among others. North America
holds the largest market followed by Asia Pacific which is growing rapidly.
Trauma
Fixation Market – Competitive Landscape:
The
global trauma
fixation market is highly fragmented with various companies operating in
local regions. The major players have used various strategies such as new
product launches, expansions, agreements, joint ventures, partnerships,
acquisitions, and others to increase their footprints in this market.
The
global trauma fixation market report contains an in-depth profiling of the key
market players, along with the recent developments (new product launches,
partnerships, agreements, collaborations, and joint ventures) and strategies
adopted by them to sustain and strengthen their position in the market. Some of
the major players operating in this market are DePuy Synthes Company, Smith
& Nephew, Tornier, Inc., Biomet, Inc., Stryker, and Zimmer Inc., among
other companies.
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