orthopedic trauma fixation devices market has witnessed robust growth in recent times. According to a research report, published by Transparency Market Research (TMR), in 2013, the global market for orthopedic trauma fixation devices stood at around US$5 bn, and reported a slight increase in market value in 2014, reaching US$6.1 bn. Analysts at TMR estimate this market to rise at a CAGR of 7.20% during the period from 2014 to 2020 and attain a value of US$9.3 bn by the end of 2020.
Browse Research Report: http://www.transparencymarketresearch.com/orthopedic-trauma-fixation-device-market.html
The rapid increase in accidences, including sports injuries, has fueled the global orthopedic trauma fixation devices market to a significant extent. The usage of advanced technologies resulting in positive clinical outcome is also triggering the uptake of orthopedic trauma fixation devices. Apart from this, rising disposable incomes have encouraged customers to increase expenditure on healthcare, which is also a major reason for the growth of this global market.
On the other hand, the high cost associated with surgeries and the lack of proper knowledge regarding health insurance in emerging economies are creating severe challenges for the worldwide orthopedic trauma fixation devices market. However, analysts predict that the dearth of alternative treatment will continue to boost the market in the coming future.
The global market for orthopedic trauma fixation devices is analyzed on the basis of the type of fixators, composition, and the regional distribution of this market.
Internal fixators and external fixators are the two main segments of this market based on the type of fixators. The internal fixator market is further segmented into the markets for intramedullary nails, plate and screw systems, and intramedullary screws. Based on the composition, metallic and bioabsorbable fixators are the key segments and regionally, North America, Europe, Asia Pacific, and the Rest of the World are the major markets for orthopedic trauma fixation devices. Here is a snapshot of the current and historical performances of every segment of this market:
• The market for internal fixators leads the global orthopedic trauma fixation devices market and is likely to expand at CAGR of around 6.80% during the period from 2014 to 2020.
• The plate and screw systems market dominates the internal fixators segment and is expected to report a CAGR of around 7.10% between 2014 and 2020.
• The bioabsorbable fixators market is projected to rise at a CAGR of around 8.40% from 2014 to 2020.
• North America occupies the leading position in the global trauma fixation devices market. However, Asia Pacific is estimated to report the fastest growth over the 2014-2020 period.
Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/orthopedic-trauma-fixation-device-market.htm
The major companies operating in the global market for orthopedic trauma fixation devices are Johnson & Johnson Services Inc., Wright Medical Technology Inc., Tornier Inc., Braun Melsungen AG, CONMED, Orthofix Holding Inc., Smith & Nephew, Arthrex Inc., Medtronic Inc., Stryker Corp., Integra LifeSciences Holdings Corp., and Zimmer Holdings Inc. Among these, Johnson & Johnson leads the worldwide market with a share of 47.3%.