Trauma Implants Market: Introduction

According to the report, the global trauma implants market was valued over US$ 8.1 Bn in 2020 and is projected to expand at a CAGR of 6.9% from 2021 to 2031. Trauma implants, such as internal trauma fixation devices, craniomaxillofacial fixation devices, and implantable trauma stimulators, are manufactured or produced from various metals and substances. These implants are placed inside the body through surgery and function as a bone structure by replacing or reinforcing a damaged structure. These are very important for introducing or launching new products.

Increase in geriatric and obese population is anticipated to propel the adoption rate of orthopedic devices such as trauma implants. According to the U.S. Department of Health & Human Product estimates, the U.S. is likely to have about 72.1 million geriatric population by 2030, which is more than twice the number in 2000.

Surge in incidence rate of injuries related to accidents, sports, and adventures is another major factor boosting the growth of the global trauma implants market. A study carried out by the American Academy of Orthopedic Surgeons (AAOS) revealed that around 25% of sports injuries were related to lower extremities such as ankle and foot. The National Electronic Injury Surveillance System in the U.S. indicated that every year over two million patients visit the U.S. emergency departments for head trauma related injuries.

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Increase in Incidence Rate of Injuries

The growth in incidence rate of injuries related to accidents, sports, and adventures fuels the expansion of the global trauma implants market. A study carried out by the American Academy of Orthopaedic Surgeons (AAOS) revealed that around 25% of sports injuries were related to lower extremities such as ankle and foot. The National Electronic Injury Surveillance System in the U.S. indicated that every year over two million patients visit the U.S. emergency departments for head trauma related injuries. Rise in prevalence of chronic conditions has increased the number of surgeries performed. Hence, surge in the number of injuries is anticipated to increase the demand for trauma implants, thereby propelling the global trauma Implants market.

The rise in the number of injury cases is also a key factor boosting the demand for trauma implants. Road accidents have increased considerably. An alarming number of traumatic brain injury cases have been reported in countries such as Thailand, India, Australia, China, and Malaysia. According to the World Health Organization, around 1.35 million people die each year due to road traffic crashes. Hence, rise in the number of injuries & accidents augments the global trauma implants market.

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Screws to Lead Trauma Implants Market

In terms of type, the global trauma implants market has been classified into plates, screws, interlocking nails, pins/wires, and others. Screws are utilized to immobilize fractured bone segments to aid in the healing process and as an adjunct to spine fusion surgery to help hold implants in place. Pedicle screw is a bone screw commonly used in spine fusion surgery, as it holds rods into the spine. The screws are placed at two (or sometimes three) consecutive spine segments (e.g. lumbar segment 4 and 5) and then a short rod is used to connect the screws.

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Hospitals to be Key End-user

In terms of end-user, the global trauma implants market has been divided into hospitals, orthopedic clinics, ambulatory surgical centers, and others. Increase in demand for trauma implants in various applications & cataract procedures, rise in investment for new implant development, and initiatives for immunization are expected to drive the segment during the forecast period. Surge in the number of hospitals, rise in number of new treatment launches, and supportive government initiatives for trauma implants in hospitals are likely to propel demand for trauma implants in hospitals during the forecast period.

North America to Lead Global Trauma Implants Market

In terms of region, the global trauma implants market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to be a highly lucrative market during the forecast period, with an attractiveness index of 1.9. The growth of the market in the region can be attributed to rapid consumption of trauma implants in various applications, presence of trauma implants companies, favorable reimbursement policies, and increase in adoption in cancer research.

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Competition Landscape

The global trauma implants market is fragmented due to presence of large number of leading players. Key players operating in the global market include Globus Medical, Medtronic, DePuy Synthes, Stryker Corporation, Zimmer Biomet, Conformis, Smith + Nephew, Orthofix Medical, Inc., B. Braun, and Acumed LLC. These players hold major market share in their respective regions. Growth strategies adopted by leading players are likely to drive the global trauma implants market.

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