(PharmaNewsWire.Com, January 23, 2017 ) According to the report Trauma Fixation Devices Market by Type, by End Users and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (20162021)", published by Market Data Forecast, the global market is projected to reach USD 7.08 billion by 2021, at a CAGR of 6.24% from 2016 to 2021.
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.
According to Market Data Forecasts Analysts, the upsurge in worldwide geriatric population has augmented the growth of market, as the aged people possess higher risk for osteoporosis leading to an increased demand for Trauma fixation devices Market . Further, rise in disposable incomes and growing awareness about latest developments in medical field along with the availability of advanced medical facilities, favourable reimbursement policies, rise in healthcare expenditure, high costs associated with surgeries, competitive pricing, and availability of substitutes have also contributed in the growth of global trauma fixation devices market.
However, problems associated with biocompatibility of the internal and external trauma devices and the high cost of advanced technologies are inhibiting the reach of trauma fixation devices to low income countries.
This era of orthopaedics can be labelled as an era of mechanized solutions, where development of mechanical devices is prioritized by most of the companies. Some of the major companies operating in the Europe trauma fixation devices market are Smith & Nephew, DePuy Synthesis, Stryker Corporation, Zimmer, Arthrex, Biomet, Conmed, Integra Lifesciences Corporation, Medtronic, Inc., and Bioretec, Inc.
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