U.S. trauma fixation devices market, by product, 2018 & 2025 (USD Million)
Rising prevalence of road accidents is anticipated to strengthen trauma fixation devices industry outlook, as most of these incidents can lead to significant health repercussions. Road traffic crashes have become one of the leading causes for death and disability worldwide and the World Health Organization (WHO) reports that over 1.25 million people die annually due to these accidents. Increasing number of mishaps involving vehicles and pedestrians which lead to traumatic injuries will play a key role in the growth of surgical procedures and emergency care units.
Trauma fixation devices are used for complex technical procedures and handling the latest products in the industry requires excellent precision and accuracy. The lack of trained professionals to operate advanced devices and perform vital operations will slightly hamper the adoption of fixation devices but will encourage companies to develop more efficient and easy to implant products. Majority of the underdeveloped and developing economies are lacking in crucial healthcare infrastructure and access to medical devices, offering notable revenue prospects to expand trauma fixation devices market size.
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Fractures in adults are extremely challenging to treat and can often lead to complications as well as need for re-surgery. Although plate fixation is a reliable fracture fixation method, its increasing infection rate has resulted inclination of practitioners towards external hybrid fixation methods, which have proven to produce favorable results. Novel products, such as Depuy Synthes’ Synthes hybrid fixator, are external fixators that form a structure to stabilize distal or proximal tibial fractures. External hybrid trauma fixation devices industry will certainly generate substantial remunerations in the years to come.
Growing instances of sports injuries on account of increased focus of people towards sports and other physical activities will inadvertently drive the consumption of medical devices. Increasing number of career options in the sports industry will augment the frequency of traumatic injuries, which will further influence the need for trauma fixation devices. In United States alone, close to 30 million children and teens engage in some form of physical activity, out of which over 3.5 million kids suffer from injuries, and roughly 77% of these involve lower leg, ankle or foot. Undoubtedly, rising occurrence of injuries from sports activities will fuel trauma fixation devices industry trends in the region.
Increased frequency of arthritis among the middle-aged and elderly population is another factor that will impact the deployment of trauma fixation devices. Evidently, arthritis has become one of the major causes of disability among adults all over the world. Statistically, close to 54 million U.S. adults have doctor-diagnosed arthritis. Within a period of 10 years since its detection, over 50% patients in developed countries globally fail to maintain a full-time job. Significant incidence of arthritis worldwide will create a demand for effective fixation procedures, which in turn will foster North America trauma fixation devices market size.
The advent of nanotechnology has unlocked fresh new possibilities and unexplored areas in the field of trauma fixation devices. The use of silver nanoparticles for coating of implantable devices to inhibit the growth of infection-causing bacteria is perhaps a pioneering applications nanotechnology in medicine. The smaller size of the compound enhances the solubility due to an increased surface area, which is an important property of nanotech devices. Growing concerns regarding infections caused by implantable fixation devices and advancements in the combining nanotechnology with healthcare will impact trauma fixation devices market share in a constructive manner.
With considerable efforts towards innovating more safe products, trauma fixation device makers will exhibit remarkable progress over forecast timeframe. Introduction of bio-absorbable implants will enormously transform the concept of trauma fixation. Major players including Stryker, Wright Medical Group, Zimmer Biomet and Johnson & Johnson have displayed strong dominance over the industry. Reports estimate that global trauma fixation devices market share will surpass USD 9.5 billion by 2025.
Author Name : Hrishikesh Kadam