NEW YORK, Oct. 3, 2022 /PRNewswire/ -- According to a new market research report titled, "Trauma Implants Market by Product (Metal Plates & Screws, Nails & Rods, Pins/Wires, Others), by End User (Orthopedic Clinics, Hospitals, Ambulatory Surgical Centers) - Global Outlook & Forecast 2022-2030" published by Growth Plus Reports, the trauma implants market is expected to grow at a CAGR of 6.80% from 2021 to reach US$ 15.25 billion by 2030.
Market Drivers
Growth in the elderly population, who are more susceptible to osteoarthritis and obesity, reducing bone density, and osteoporosis are the main reasons propelling the worldwide trauma implants market. Additionally, a sharp increase in incidence of road accidents and sports-related injuries are projected to drive market expansion. In addition, it is anticipated that the healthcare sector's rapid expansion and technological improvements will drive the global market expansion.
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Excerpts from 'by Product'
The global trauma implants market is divided into categories based on type:
- Metal Plates & Screws
- Nails & Rods
- Pins/Wires
- Others
Majority market share belongs to metal plates and screws segment. This market expansion is credited to the imperative need for these products in orthopedic emergencies. Furthermore, articular fractures treatments have a significant demand for screws. The use of screws improves accuracy while reducing the possibility of misalignment. Due to growing technological advancements, and the presence of significant market players involved in the creation of pins and wires, and other factors, the pins/wires segment is expected to expand over the forecast period.
Excerpts from 'by End User'
Based on end users, orthopedic clinics, hospitals, and ambulatory surgical centers cumulatively make up the global trauma implant market. The hospitals segment occupies the largest revenue share in the trauma implants market. The segment is anticipated to grow over the forecast period as a result of rising investments in the development of new hospitals in the emerging economies along with rising demand for trauma implants for a variety of surgeries and applications. In addition, the growth of the global market is being attributed to factors such as infrastructure expansion, and rise in the use of innovative therapeutics, and supportive government efforts.
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Excerpts from 'By Region'
The market for trauma implants has been divided into:
- North America
- Europe
- Asia Pacific
- Rest of the world
North America acquired majority revenue share, and it is anticipated that this trend shall persist throughout the projected period. The ageing population, growth in osteoarthritis cases due to influence of lifestyle, presence of key players, government funding for high-quality healthcare, and rise in demand for technologically advanced items are all factors that contributes in region's supremacy.
The Asia Pacific market is expected to prominently expand during the forecast period because of the region's high rate of traffic accidents, rising consumer product adoption, rising per capita income, and the region's significant unmet medical needs in developing nations like China and India.
Excerpts from 'Competitive Landscape'
Some of the prominent players operating in the trauma implants market are Some of the prominent players operating in the trauma implants market are:
- DePuy Synthes Companies (Johnson & Johnson Services, Inc.)
- Smith & Nephew plc
- Zimmer Biomet Holdings, Inc
- Stryker Corporation
- Wright Medical Group N.V
- Aucmed LLC
- Orthofix Medical Inc
- Conformis, Inc
- BioTek
- Conmed Corporation
- Medtronic Plc
- DJO Surgical
- B. Braun Melsungen AG
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Base Year - 2021
- Historical Years - 2020
- Forecasted Years - 2022 to 2030
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- GLOBAL TRAUMA IMPLANTS MARKET - ANALYSIS & FORECAST, BY PRODUCT
- Metal Plates & Screws
- Nails & Rods
- Pins/Wires
- Others
- GLOBAL TRAUMA IMPLANTS MARKET - ANALYSIS & FORECAST, BY END USER
- Orthopedic Clinics
- Hospitals
- Ambulatory Surgical Centers
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- 'Business Profile' of Key Players
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About Us:
Growth+Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).
Growth+ portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.
We were awarded by the prestigious CEO Magazine as "Most Innovative Healthcare Market Research Company in 2020.
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