The TBRC Trauma Fixation Devices and Equipment Market report provides analysis of market size and forecast, regional outlook, competitive landscape, opportunities, and strategies to be adopted.
LONDON, March 31, 2022 /PRNewswire/ — The increasing incidence of osteoporosis will support the growth of the trauma fixation devices and equipment market during the forecast period. Osteoporosis makes bones weak and brittle, so fragile that even minor stressors like bending over or coughing can lead to a fracture. Most osteoporosis-related fractures occur in the hip, wrist or spine. With increasing life expectancies, increasingly sedentary lifestyles and an increase in the prevalence of obesity, the world sees an increase in orthopedic disorders as a natural corollary. Internal trauma fixation devices are used to repair and stabilize severe bone dislocations and fractures. Internal fixation devices are used inside the human body to give the correct shape to the broken bone of the patient and to support the supporting load of the patient during the recovery period.
the Global Trauma Fixation Devices and Equipment Market Size should go from $5 billion in 2021 for $5.48 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The growth of the trauma fixation devices and equipment industry is expected to reach $7.41 billion in 2026 at a CAGR of 7.9%.
Growth Opportunities in the Trauma Fixation Devices Market
the better growth potential in the trauma fixation devices and equipment market by device type will arise in the internal fixation devices market, which will gain $2,548.6 million of global annual sales by 2026. The major growth potential of the trauma fixation devices and equipment market by product type will occur in the metal plates and screws market, and by end user in the hospital market. Trauma Fixation Devices and Equipment Market Size will gain the most in the United States at $924.0 million.
Holomedicine is a new technology that uses medical software to support doctors during surgery and aids in telehealth and education. With the help of artificial intelligence (AI), surgeons can improve precision and accessibility in surgery by merging MRI and CT images to create 3D holograms that can be controlled with gestures and voice commands. Holomedicine has the advantage of viewing patient images from all angles, which can serve as a teaching tool or to educate patients about their injury and surgery. Holomedicine also allows surgeons to connect across the world by inviting them to examine a specific case.
Key players and their strategies in the Trauma Fixation Devices and Equipments industry
the Global Trauma Fixation Devices and Equipment Market Consolidated, with some big players. The top ten market competitors accounted for 87.08% of the total market in 2020. Major market players are Johnson & Johnson, Stryker Corporation, Smith & Nephew plc, Zimmer Biomet Holdings, Medtronic Inc.
Strategies adopted by players in the Trauma Fixation Devices and Equipments industry include expanding and developing the product portfolio through collaboration, strengthening its product portfolio by adding new smart devices and implants through mergers and acquisitions, accelerating development in emerging markets and product innovation.
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