According to Report, the trauma implants market is estimated to expand growth at a CAGR of 6.9% from 2021 to 2031.
According to Report, the trauma implants market is estimated to expand growth at a CAGR of 6.9% from 2021 to 2031.
The global trauma implants market was valued over US$ 8.1 Bn in 2020 and is expected to cross the value of US$ 16.7 Bn by the end of 2031.
Companies in the trauma implants market are taking advantage of government stimulus packages to stay financially afloat amid the ongoing COVID-19 pandemic. Even though orthopedic biodegradable implants help to overcome inherent disadvantages of permanent metal implants, the former is associated with shortcomings. The long-term performance of biodegradable implants is largely determined by the inflammatory events at the implant-host tissue interface and their degradation profiles. Hence, healthcare companies should increase the understanding of acute & chronic inflammatory events at the implant-host tissue interface and develop methods for controlling these events. They should increase research about the body’s response at the bone-implant interface, which is crucial for the development of proactive implants that facilitate optimal outcomes for patients.
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Companies Increase Production of Screws to Support Spine Fusion Surgeries
Trauma implants help to ease movement of joints and decrease the pain. Companies in the global trauma implants market are increasing production capabilities in pins/wires, plates, screws, interlocking nails, etc. Screws are utilized to immobilize fractured bone segments to aid in the healing process and as an adjunct to spine fusion surgery to help hold implants in place.
Pedicle screw is a bone screw commonly used in the spine fusion surgery, as it holds rods into the spine. The screws are placed at two (or sometimes three) consecutive spine segments (e.g. lumbar segment 4 and 5) and then a short rod is used to connect the screws.
| Report Scope | Details |
| Market Size By 2031 | USD 16.7 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 6.9% |
| Largest Market | North America |
| Fastest Growing Region | Asia Pacific |
| Companies Covered | 2021 |
| Forecast Data | 2022 to 2030 |
Life-saving Trauma Implants Subject to Robust Supply amid COVID-19 Pandemic
Since trauma implants serve as life-saving healthcare products, companies in the trauma implants market are maintaining robust supply chains of products to support medical facilities amid ongoing COVID-19 pandemic. Although the pandemic has subsided significantly, scarcity of raw materials is likely to be experienced due to production stoppages and labor shortages. The global sales order is anticipated to come to its normal rate by the end of 2022. Nevertheless, manufacturers in the trauma implants market are conducting data-driven research before investing in new product designs and production technologies. They are increasing efforts to shorten lead times.
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High Prevalence of Accidents in America and Asia Contributes to Market Growth
The increase in incidence rate of injuries related to accidents, sports, and adventures is acting as a driver for growth of the trauma implants market. A study carried out by the American Academy of Orthopedic Surgeons (AAOS) revealed that around 25% of sports injuries is related to lower extremities such as ankle and foot.
North America dictated the revenue share among all regions in the global trauma implants market in 2020, and the trend is estimated to continue throughout the assessment tenure. The region’s dominance can be attributed to the increase in greater affordability for treatments, geriatric population, surge in incidence of osteoarthritis, presence of key players in the region, government support for quality healthcare, and rise in demand for technologically advanced products.
The market in Asia Pacific is predicted to grow at an astonishing rate during the forecast period, owing to high prevalence of road accidents, increase in adoption of new products, surge in per capita income, and high unmet medical needs in emerging countries such as India and China.
Growing Risk of Osteoporosis Fueling Demand for Trauma Implants
Companies in the trauma implants market are focusing on anatomy-specific devices such as plates for humerus, femur, clavicle, and other bones. These plates provide better attachment guidelines as compared to low profile general application plates. Furthermore, increase in incidence of osteoporosis is a key factor boosting the expansion of the global market. According to the National Osteoporosis Foundation, in 2018, an estimated 10 million people in the U.S. had osteoporosis and another 44 million had low bone density, placing them at higher risk.
The increase in the global geriatric population that is prone to low bone density is another key driver, which is fueling the growth of the global market. According to data published by the International Osteoporosis Foundation in 2020, globally, one in five men and one in three women aged over 50 could experience osteoporosis fractures in their remaining lifetimes.
Head Trauma-related Injuries Growing Prominent in U.S. and Asian Countries
The National Electronic Injury Surveillance System in the U.S. indicated that every year, more than two million patients visit the U.S. emergency department for head trauma related injuries.
Surge in the number of injury cases is also a key factor triggering the demand for trauma implants. Road accidents have increased significantly. An alarming number of traumatic brain injury cases have been reported in countries such as Thailand, India, Australia, China, and Malaysia. According to the World Health Organization (WHO), around 1.35 million people die each year in road accidents. Hence, rise in the number of injuries and accidents is propelling the expansion of the global trauma implants market.
Trauma Implants Market: Overview
Physical injuries such as burns, fractures, dislocations, sprains, and strains caused by any external source (fire and accident) are termed as trauma
Trauma implant is a medical device used to repair a fracture or broken bone and in surgical treatment of tumor disease of bones, especially related to leg, arm, shoulders, or skull. Trauma implant helps ease movement of joints and decrease pain.
Trauma implants include metal plate, screw, wires, and nails & rod. Manufacturers focus on anatomy-specific devices such as plates for humerus, femur, clavicle, and other bones. These plates provide better attachment guidelines compared to low profile general application plates.
Trauma Implants Market Drivers: Overview
Degenerative bone diseases, including Paget’s disease, osteoporosis, and osteoarthritis result in the deterioration of bones and cause extreme pain and stiffness of joints
Osteoarthritis is more common in people aged over 40, and the risk of the disease increases with age. According to the WHO, globally, the population of individuals aged 60 years and above was 900 million (12% of the total population) in 2015. The number is estimated to reach 2 billion (22% of the global population) by 2050. Increase in the geriatric population is projected to increase the incidence of degenerative bone diseases across the globe, thereby fueling the demand for trauma products.
Increase in incidence of osteoporosis is a key factor boosting the growth of the global market. According to the National Osteoporosis Foundation, in 2018, an estimated 10 million people in the U.S. had osteoporosis and another 44 million had low bone density, placing them at higher risk. Increase in the global geriatric population that is prone to low bone density is another major factor fueling the growth of the global market.
According to data published by the International Osteoporosis Foundation in 2020, globally, one in five men and one in three women aged over 50 could experience osteoporosis fractures in their remaining lifetimes
Market Segmentation: Trauma Implants Market
In terms of type, the global trauma implants market has been classified into plates, screws, interlocking nails, pins/wires, and others
Based on end-user, the global trauma implants market has been divided into hospitals, orthopedic clinics, ambulatory surgical centers, and others
Each of the segments has been analyzed in detail for market trends, recent trends, and developments, drivers, restraints, opportunities, and useful insights. The trauma implants market report provides current and expected revenue (US$ Mn) for each of these segments from 2021 to 2031, considering 2020 as the base year. The compound annual growth rate (percentage CAGR) has been provided for each segment and market from 2021 to 2031 along with market size estimations.
Regional Overview: Trauma Implants Market
In terms of region, the global trauma implants market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa
North America dominated the global trauma implants market in 2020 and the trend is projected to continue during the forecast period. The region’s dominance is attributed to increase in geriatric population, surge in incidence of osteoarthritis, presence of key players in the region, greater affordability, government support for quality healthcare, and rise in demand for technologically advanced products.
The market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period, owing to rise in number of road accidents, increase in adoption of new products, surge in per capita income, and high unmet medical needs in emerging countries such as India and China.
Major Players: Trauma Implants Market
The trauma implants market report concludes with the company profiles section, which includes key information about major players in the global trauma implants market
Leading players analyzed in the report include
- Globus Medical
- Medtronic
- DePuySynthes
- Stryker Corporation
- Zimmer Biomet
- Conformis
- Smith + Nephew
- Orthofix Medical, Inc.
- B. Braun
- Acumed LLC
- Other prominent players
Market Segmentation
Type
- Plates
- Screws
- Interlocking Nails
- Pins/ Wires
- Others
End-user
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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