(PharmaNewsWire.Com, October 09, 2018 ) Growth of trauma products market in geriatric population, high prevalence of bone degenerative diseases, increasing incidence of road accidents & falls, and increasing sports injuries are driving growth of trauma products market. On other hand, allergies associated with implantation of trauma products & lack of trained professionals may hinder growth of market in coming years.
The trauma products market expected to reach USD 8.43 billion by 2022 from USD 5.98 billion in 2017, at a CAGR of 7.1% during forecast period. Trauma products market segmented into internal fixators, external fixators, & other trauma products. Internal fixators are expected to register highest CAGR during forecast period. High incidence of trauma injuries and increasing aging population a key factor driving growth of this segment.
Target Audience for Trauma Products Market Report: • Trauma product manufacturers • Healthcare institutions (hospitals and trauma centers) • Trauma product distributors and suppliers • Contract manufacturing organizations (CMOs) • Teaching hospitals and academic medical centers (AMCs) • Research and consulting firms • Academic centers • Venture capitalists
The trauma products market study estimates market size for 2017 & projects its demand till 2022. In primary research process, various sources from both demand side & supply side were interviewed to obtain qualitative and quantitative information of report. Primary sources from demand side include various industry CEOs, vice presidents, marketing directors, technology & innovation directors, & related key executives from various players in market.
Trauma products market segmented into internal fixators, external fixators, and other trauma products. Internal fixators are expected to register highest CAGR during forecast period. High incidence of trauma injuries and increasing aging population is a key factor driving growth of this segment. Trauma products market segmented into upper extremities & lower extremities. Lower extremities segment is expected to dominate this market with largest share in 2017.
The primary interviews conducted for this report can be categorized as follows: • By Company Type: Tier 1 – 36%; Tier 2 - 41%; Tier 3 - 23%. • By Designation: C-level- 25%; D-level- 29%; Others- 46%. • By Region: North America–40%; Europe-20%;Asia-33%; RoW-7%.
The trauma products market is highly competitive with the presence various players. Some of the major players operating in the market are DePuy Synthes (U.S.), Stryker (U.S.), Zimmer Biomet Holding Inc. (U.S.), Smith & Nephew (U.K.), Accumed LLC (U.S.), Arthrex Inc. (U.S.), B. Braun Melsungen AG (Germany), Cardinal Health (U.S.), Citieffe S.R.L. (Italy), Conmed Corporation (U.S.), Double Medical Inc. (China), Integra LifeSciences Corporation (U.S.), Medtronic plc (Ireland), Orthofix Holdings Inc. (U.S.), and Wright Medical Group N.V. (U.S.).
In trauma products market for 2017, hospitals and trauma centers segment is expected to account for largest share of market. Large share of this segment can be attributed to the increasing number of patients undergoing treatment in hospitals, increasing government support to supply well-equipped instruments, and infrastructural development in hospitals.
Trauma products market, by surgical site segmented into upper extremities & lower extremities. In 2017, lower extremities segment expected to account for largest share of market. Large share & high growth of this segment can be attributed to high prevalence of lower extremity trauma injuries across the globe. By end user, market for trauma products is segmented into hospitals & trauma centers and ambulatory surgery centers (ASCs).
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