According to FutureWise analysis the market for orthopedic trauma devices in 2023 is US$ 10.52 billion, and is expected to reach US$ 17.1 billion by 2031 at a CAGR of 6.30%.
Orthopedic trauma is a condition that involves injuries to the human skeletal system, reducing the person's ability to move freely and lowering their quality of life. It covers anything from a small fracture to major life-threatening injuries caused by accidents or other tragic events. Multiple shattered bones in various sections of the body, including the hand (humerus, radius, and ulna), leg (Femur, Tibia, and fibula), feet (Tarsals, Metatarsals, and Phlanges), shoulder (clavicle and scapula), and brain, necessitate major reconstruction surgery. Screws, plate systems, nail systems, specific implants (internal fixator devices), and exterior fixator devices are among the equipment and instruments used in reconstructive procedures. Titanium and stainless steel are typically used in these devices. Orthopedic trauma devices are frequently employed in skeletal system fractures.
Internal fixators, which are surgically implanted at the site of the fracture, include screw and plate systems, nails, implants, and cables and wires. Plates are available with varying numbers of holes (2, 6), as well as conventional, locking, and hybrid versions, depending on the severity of the trauma. Intramedullary nails can be utilised in a variety of surgical locations, including the forearm, humerus, femur, tibia, and ankle. Screws are used at hips and other locations and are either intramedullary or cannulated. External fixator systems are utilised to provide external support for the leg or hand. It comes in a variety of styles, including unilateral, circular, and hybrid. The growing prevalence of fractures linked with trauma injuries is one of the major factors driving growth in the orthopaedic trauma devices market. According to the International Osteoporosis Foundation's fracture risk map, in 2017, regions such as North America and Eurasia have a high probability of over 15% for people aged 65 and up having a fragile fracture, whereas Europe and some parts of Latin America have an intermediate probability of 10-15% for fragile fracture risk. One of the leading causes of trauma was injuries from numerous causes such as falls and car accidents. Trauma, which results in bone injury, can be caused by a variety of things, including car accidents and falls. The orthopaedic trauma devices market is predicted to develop due to an increase in the number of injuries caused by car accidents and other reasons.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Orthopedic Trauma Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Orthopedic Trauma Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.