The physical injuries such as, burns, dislocations, sprains, fractures, and strains are segregated under trauma, for which the trauma fixation devices are a prominent solution. Technologically advanced customized implants, tissue engineering and smart implants are diversifying the product portfolio in this market.
Factors such as increase in disposable incomes, growing awareness about the latest products in medical field, supportive policies of governments, coverage under public insurance programs like Medicare and Medicaid, availability of advanced medical facilities at near distance, rise in healthcare expenditure of governments on R&D activities are fuelling the growth of North America trauma fixation devices market. Further, unaffordability and complications of surgeries is also making people look at other options.
The upsurge in aging population in North American countries is also providing an opportunity for the growth of trauma fixation devices market as the aged personnel possess high risk of osteoporosis which in turn will increase the demand for trauma devices.
However, problems associated with biocompatibility of the internal and external trauma devices and the high cost of advanced technologies are limiting the reach of the trauma fixation devices in these region. The North America trauma fixation devices market is segmented on the basis of type into internal and external fixation devices. The internal fixation devices are employed in fixing fractured bones in definite shape. Screws, Plates, Rods, Wires and Intramedullary nails, all this equipment come under internal fixation devices. The external trauma fixation devices are classified on the basis of technology into Unilateral, Circular and Hybrid Fixation. The internal trauma fixation devices segment holds the largest share of the North American market. Moreover, the demand for better services in trauma surgeries is compelling the manufacturers to develop products that are less invasive and more anatomical, such as low-profile plating system for extremity fixation procedures.
By End Users •Hospitals •Point of Care testing •Others
Scope of the report: •Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
•Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
•Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
•Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
•Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
•A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
•Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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