Internal Trauma Fixation Devices Market Size – By Product (Plates, Nails, Screws), Material Type (Stainless Steel, Titanium, Bioabsorbable), Application (Lower Extremity [Foot & Ankle, Knee], Upper Extremity [Arm, Hand & Wrist]), End-use & Forecast, 2024 – 2032
Report ID: GMI9607
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Published Date: May 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 15
Tables & Figures: 212
Countries covered: 23
Pages: 110
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Internal Trauma Fixation Devices Market
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Internal Trauma Fixation Devices Market Size
Internal Trauma Fixation Devices Market size was valued at USD 4.5 billion in 2023 and is expected to grow at a CAGR of 4.3% between 2024 and 2032. High market growth can be attributed to the ongoing advancements in fixation devices, increasing incidence of traumatic injuries, growing geriatric population, surging demand for surgical intervention, and rising sports participation and injuries, among other contributing factors.
Traumatic injuries, including fractures, dislocations, and musculoskeletal injuries, are prevalent worldwide due to various factors such as road accidents, sports injuries, falls, and occupational hazards. For instance, according to the article published in 2023, by NCBI, a secondary analysis was conducted on patients hospitalized to one of the North American trauma centers. Approximately one-half of patients sustained blunt (49.0%) vs penetrating (48.2%) injury.
The most prevalent kinds of blunt trauma were motor vehicle injuries (83.5%), followed by falls (9.3%), miscellaneous (3.6%), assaults (1.8%), and machinery-related incidents (1.8%). The most prevalent forms of penetrating injuries were gunshot wounds (72.3%), stabbings (24.1%), other (2.1%), and impalements (1.5%). The growing incidence of traumatic injuries drives the demand for internal trauma fixation devices, which are essential for stabilizing and repairing bone fractures and orthopedic injuries. As the population grows and urbanizes, the risk of traumatic injuries increases, fueling the demand for trauma fixation devices.
Internal trauma fixation devices are medical devices used in orthopedic surgery to stabilize and support fractured or injured bones internally. These devices are surgically implanted directly into the bone or adjacent soft tissues to provide structural stability, facilitate bone healing, and restore normal anatomical alignment.
Internal Trauma Fixation Devices Market Trends
The internal trauma fixation devices industry is experiencing several notable trends that are shaping its growth and development. Factors such as continuous technological advancements, growing demand for minimally invasive surgery, and rise in ambulatory surgical procedures, among other factors are propelling the industry growth.
Internal Trauma Fixation Devices Market Analysis
Based on product, the internal trauma fixation devices market is categorized into plates, nails, screws, and other products. The plates generated the highest revenue of USD 1.7 billion in 2023.
Based on material type, the internal trauma fixation devices market is classified into stainless steel, titanium alloy, and bioabsorbable. The stainless steel segment dominated the market in 2023 with a market share of 53.7%.
Based on application, the internal trauma fixation devices market is classified into lower extremity and upper extremity. The lower extremity segment is further bifurcated into foot & ankle, knee, lower leg, hip and pelvic, spine, and thigh. The upper extremity segment is further divided into arm, hand & wrist, shoulder, and elbow. The lower extremity segment dominated the market and is expected to grow at a pace of 4.1% CAGR between 2024 and 2032.
Based on end-use, the internal trauma fixation devices market is segmented into hospitals, orthopedic clinics, and ambulatory surgical centers. The hospitals segment dominated the market in 2023 and is anticipated to reach USD 3.7 billion by the end of forecast period.
North America internal trauma fixation devices market accounted for USD 2 billion market revenue in 2023 and is poised to expand at CAGR of 4% from 2024 to 2032.
The U.S. held a dominant position in the internal trauma fixation devices market, with a revenue of USD 1.9 billion in 2023.
Germany internal trauma fixation devices market is projected to grow remarkably in the coming years.
Japan holds a dominant position in the Asia Pacific internal trauma fixation devices market.
Internal Trauma Fixation Devices Market Share
The internal trauma fixation devices industry exhibits a dynamic landscape characterized by the presence of several key players competing for market share. Leading orthopedic device manufacturers dominate the market with their extensive product portfolios, global presence, and strategic acquisitions. These companies focus on product innovation, research and development, and strategic partnerships to maintain their competitive edge and expand their market share.
Additionally, the market is characterized by a diverse range of smaller players and emerging companies specializing in niche segments, contributing to market competition and innovation. Factors such as technological advancements, rising incidence of traumatic injuries, aging population, and increasing demand for minimally invasive surgical techniques drive market growth and shape the competitive landscape of the market.
Internal Trauma Fixation Devices Market Companies
Prominent players operating in the internal trauma fixation devices industry include:
Internal Trauma Fixation Devices Industry News
The internal trauma fixation devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Product
Market, By Material Type
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries: