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Trauma Fixation Devices Market Size
- Report ID: GMI3745
- Published Date: Nov 2024
- Report Format: PDF
Trauma Fixation Devices Market Size
The global trauma fixation devices market was valued at USD 8.8 billion in 2023 and is expected to exhibit growth at a CAGR of 3.7% from 2024 to 2032. High market growth can be attributed to the rising incidence of trauma and orthopedic injuries, growing aging population, technological advancements in internal trauma fixation devices, and increased demand for minimally invasive procedure, among other contributing factors.
Moreover, the global increase in trauma cases owing to road accidents, sports injuries, and falls, fuels the demand for trauma fixation devices. 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 centres. 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%). Hence, these devices are essential in stabilizing fractures and improving healing outcomes, making them indispensable in trauma care.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Trauma Fixation Devices Market Size in 2023: | USD 8.8 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 3.7% |
| 2024 – 2032 Value Projection: | USD 12.3 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 238 |
| Segments covered: | Product, Material, Site, End Use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Furthermore, the elderly population is more prone to fractures due to conditions like osteoporosis, leading to higher demand for trauma fixation devices. With a larger aging demographic, there is an increased need for devices specifically designed to address fractures and bone-related issues in older adults.
Trauma fixation devices are medical implants and instruments used to stabilize and heal broken bones and fractures. They include products such as plates, screws, rods, pins, and external fixators, which are designed to hold bone fragments in place during the healing process. These devices are crucial in orthopedic surgery for ensuring proper alignment and stabilization of bones following traumatic injuries.
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Trauma Fixation Devices Market Scope
