According to a new report by Expert Market Research titled, “Global Trauma and Extremities Devices Market Share, Size, Report and Forecast 2024-2032″, the global trauma and extremities devices market size reached a value of USD 13.41 billion in 2023. Aided by rising number of road accidents and improved health facilities, the market is projected to further grow at a CAGR of 7.5% between 2024 and 2032 to reach a value of USD 20.69 billion by 2032.
Trauma and extremities devices primarily encompass equipment used in the treatment of orthopaedic injuries, such as fractures, dislocations, and injuries to ligaments. These devices, which include plates, screws, and prosthetic implants, play a pivotal role in ensuring alignment, facilitating healing, and restoring the function of injured extremities. Additionally, given their paramount importance in surgical procedures, their design, and biocompatibility are of utmost essence.
Introduction of technology in the medical sector has given rise to several medical innovations, which is considered to be one of the growing trauma and extremities devices market trends. From bio-resorbable implants to 3D printed prosthetics, the market has a number of applications where it offers several solutions to patients. Moreover, with a rising global geriatric population and their associated musculoskeletal issues, the demand for these devices is expected to grow further.
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The trauma and extremities devices market growth is aided by the rise in sports and athletic activities globally. With more individuals indulging in high-impact sports, there is an inherent rise in sports-related injuries. These scenarios necessitate advanced trauma devices and equipment that not only facilitate swift recovery but also ensure the athletes return to their best performance levels.
Rapid expansion and modernisation in healthcare infrastructure has further bolstered the trauma and extremities devices market demand. The increasing number of orthopaedic hospitals and clinics equipped with state-of-the-art facilities caters effectively to trauma cases. This is especially observed in urban settings where a fast-paced lifestyle has augmented the risk of accidents and, thereby, injuries.
A comprehensive trauma and extremities devices market analysis also highlights the growing emphasis on research and development within this sector. Medical device manufacturers are investing heavily in research and development, collaborating with clinicians to refine and innovate their offerings. From smarter materials that promote bone growth to minimally invasive surgical devices that reduce recovery times, the scope of advancements is vast and continues to evolve.
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Market Segmentation
The market can be divided based on type and region.
Market Breakup by Type
• External Fixation
• Internal Fixation
o Plates and Screws
o Rods and Pins
o Bone Grafts
• Craniofacial Devices
• Long Bone Stimulation
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global trauma and extremities devices market. Some of the major players explored in the report by Expert Market Research are as follows:
• Stryker Corporation
• Zimmer Biomet Holding Inc
• Smith & Nephew PLC
• Wright Medical Group N.V.
• Advanced Orthopaedic Solutions
• Johnson & Johnson Medtech (DePuy Synthes)
• Others
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