According to the most recent analysis by Reports and Data, the size of the worldwide Trauma Products Market is anticipated to reach USD 9.41 billion in 2028 and show a CAGR of 8.1% over the projected period. The high prevalence of degenerative bone diseases like osteoarthritis and rheumatoid arthritis, the rising global geriatric population, rising investments by private investors and governments in the development of medical devices, and the high preference for minimally invasive surgeries are the main factors influencing market revenue growth.
Trauma is a medical term that refers to sudden physical injuries that require immediate medical treatment. Trauma can be two types mental and physical trauma due to sudden accident, violent attacks or physical injuries. Trauma products are primarily used in hospitals trauma centers, and ambulatory surgery center. Hospitals trauma centers segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing number of private hospitals in developing countries and high preference for hospital-based treatments. Asia Pacific market is expected to register relatively faster revenue CAGR throughout the forecast period. Continuous development of healthcare infrastructure and increasing geriatric population in countries in the region are major factors driving revenue growth of the market in this region.
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Some Key Highlights From the Report:
- In March 2020, Acumed signed an agreement with Vivorte. This agreement helped Acumed to distribute Vivorte’s products such as calcium phosphate-based bone allograft (Trabexus) and calcium phosphate-based biocement (Fortera).
- Internal fixators segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing global geriatric population and rising application of internal fixators.
- North America is expected to register significantly larger revenue share over the forecast period. Robust presence of key market players and increasing application of advanced trauma products are some major factors driving revenue growth of the market in this region.
Competitive Outlook of the Global Trauma Products Market
The globla Trauma Products market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Trauma Products market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
Acumed LLC, Arthrex Inc., B. Braun Melsungen AG, Citieffe s.r.l., CONMED Corporation, DePuy Synthes, Double Medical Inc., Integra LifeSciences Corporation, Orthofix Holdings Inc., and Smith Nephew.
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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
Trauma Products Market Segmentation:
Type Outlook (Revenue, USD Billion; 2018-2028)
- External Fixators
- Internal Fixators
Surgical Site Outlook (Revenue, USD Billion; 2018-2028)
- Lower Extremities
- Hip Pelvic
- Lower Leg
- Foot Ankle
- Upper Extremities
- Hand Wrist
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Clinical Laboratories
- Biotechnology Industries
Regional Analysis of the Trauma Products Market Includes:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, BENELUX, Italy, Rest of Europe)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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