Orthopedic Trauma Devices Market, by Fixator Type (Internal Fixator [Screws, Plates, Nails, and Others], External fixator), by Material (Non-absorbable [Titanium, Stainless steel stand, and Other] and Bio-absorbable), by End User (Hospitals, Orthopedic Clinic, and Ambulatory Surgical Centers), and by Region - Global Forecast to 2025

Published In : May 2018

Code : CMI130

Pages :180

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Rising number of orthopedic trauma cases is expected to drive growth of the orthopedic trauma devices market

Trauma, which causes skeletal injury is associated with number of causes such as road accident and fall injury. Increasing number of trauma associated with road accidents and other causes is expected to propel growth of the orthopedic trauma devices market. According to Global Burden of Disease report published by Lancet in 2015, road injuries is one of leading cause amongst 20 causes of the disease burden worldwide. Rising number of fall injuries is also expected to boost orthopedic trauma devices market, as often fall injury causes dislocation and breakage of bones, which may require surgical procedure. According to World Health Organization (WHO) factsheet in 2018, each year there are around 37.3 million falls, which requires medical attention whereas estimated 646,000 individuals die from falls globally every year. Rising geriatric population would also aid in growth of the orthopedic trauma devices market, as people in this age group are more prone to bone fractures, due to fall injury and other orthopedic complications. According to a WHO factsheet, 2018, adults older than 65 years of age suffer from the greatest number of fatal falls. According to United Nation report titled World Population Prospect -the 2017 revision, global population of people aged over 60 years would rise from 962 million to 1.3 billion by 2030, which in turn could be a leading factor for increasing demand for orthopedic trauma device, over the forecast period.

Increased prevalence of osteoarthritis and orthopedic sports injury is also expected to drive growth of the orthopedic trauma devices market

Osteoarthritis forms one of the major burden of muscoskeletal disease worldwide characterized by deformations of joints, which requires surgical intervention to keep joint intact with help of supporting plates, screws, and nails. According to Arthritis Foundation report titled Arthritis, an estimated 91.2 million people in the U.S. are suffering from arthritis, whereas, 54.4 million people amongst this are diagnosed arthritis by doctors.

Increasing number of people are opting for some of the other sport, owing to increasing awareness about one’s health. This has led to increasing number of injuries associated with sport. These injuries are could be fractures and bone dislocation that need to be corrected with orthopaedic trauma devices. According to statistics by American Academics of Pediatrics, 775,000 children aged 14 years and younger are admitted in hospital emergency rooms for sports-related injuries each year.