The Global Trauma Fixation Devices Market Is Expected to Grow at a CAGR of 6.4% Till 2019
“The top market players that have established their base in the global trauma fixation devices are Stryker Corporation (U.S.), DePuy Synthes Companies of Johnson & Johnson (U.S.), Zimmer Holdings, Inc. (U.S.), Smith & Nephew Plc (U.K.), Tornier, Inc. (France), and Biomet, Inc. (U.S.), and other companies.”
The global internal neurostimulation market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued at $4,850.1million in 2014, and is expected to reach $8,585.1 million by 2019, at a CAGR of 12.1% from 2014 to 2019. Orthopedic traumas are referred to severe injury that usually affects the body’s musculoskeletal system particularly in ligaments and bones. These injuries require immediate medical attention by an orthopedic surgeon. Rise in geriatric population across the globe will augment the growth of trauma fixation devices, for this section of people is more vulnerable to osteoporosis. The cases of fractures/trauma injury, particularly in the wrist, spine, and hip are also at rise due to the increasing incidences of osteoporosis which in turn is triggering the market growth of trauma fixation devices.
The market is segmented on the basis of types, end-users, and geography. On the basis of types, the market covers internal fixator and external fixator devices. The internal fixator devices accounted the largest share in the global orthopedic trauma fixation devices market. The internal fixators market is further classified based on its products, which includes plates and screws that commands the largest market share, and is expected to dominate throughout the forecast period. There is a rise in the investments by the companies operating in this market particularly on new innovations. These innovations include fixators that comprise bio absorbable material. These products are used in most of the orthopedic surgeries, and therefore have high usage rates.
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Related Reports “Some of the key players in the market include Alphatec Spine Inc., DePuy Spine, Medtronic Inc., Stryker Corporation, Smith & Nephew Plc, Orthovita Inc., and Zimmer Spine Inc., among others.�
Global Spine Surgery Devices Market The global spine surgery devices market has seen challenging and dynamic market conditions. The global spine surgery devices market, mainly driven by aging population and the increasing prevalence of rheumatoid and osteoarthritis, was valued at $11.6 billion in 2013, and is expected to reach $15 billion by 2018, at a CAGR of 5.1%. The report analyzes the market of devices by 4 segments such as spinal fusion devices, spinal non-fusion devices, spine bone stimulators, vertebral compression fracture treatment, and spine biologics. The fusion category can be divided into spine fusion and fixation, and spinal bone stimulators.
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