Global Trauma Products Industry – Creating a positive impact during the COVID-19 crisis

Posted June 27, 2020 by torento2310

The Global Trauma Products Industry was estimated at $6.61 billion in 2018 and is expected to reach $10.41 billion by 2026, growing at a CAGR of 5.8% from 2019 to 2026.

The Increase in incidence of orthopedic diseases, the rise in the global geriatric population and surge in the occurrence of road accidents and falls drive the growth of the global trauma products market. On the other hand, strict government approval processes for trauma products hamper the growth to some extent. However, development in emerging economies is expected to pave the way for a number of opportunities for the key players in the industry.

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As per the report, The Global Trauma Products Industry was estimated at $6.61 billion in 2018 and is expected to reach $10.41 billion by 2026, growing at a CAGR of 5.8% from 2019 to 2026.

The internal fixators segment to maintain its leadership status until 2026

Based on the product, the internal fixators segment contributed to three-fourths of the global trauma products market revenue in 2018 and is expected to retain its dominance by the end of 2026. The same segment would also register the fastest CAGR of 6.2% throughout the forecast period. Rise in the number of cases of joint disorders such as osteoarthritis & rheumatoid arthritis, wide availability of internal fixators, and an increase in the geriatric population across the globe drive the growth of the segment.

The lower extremities segment to rule the roost during the estimated period

Based on application, the lower extremities segment held the largest share in 2018, garnering three-fifths of the global trauma products market. The same segment is also projected to grow at the fastest CAGR of 6.1% till 2026. The majority of the leading players in the lower extremity trauma products market are launching innovative products using advanced technologies to address the specific demands of their consumers, thereby augmenting the sale of trauma devices.

North America to maintain its dominance throughout the forecast period

Based on geography, North America accounted for nearly half of the global trauma products market share in 2018 and is anticipated to maintain the lion’s share during 2019–2026. An increase in the prevalence of orthopedic disorders, availability of advanced trauma products, and a higher number of the target population in this province has boosted the growth. The Asia-Pacific region, on the other hand, would showcase the fastest CAGR of 7.6% by 2026. Rise in incidence of bone degenerative diseases in various countries in the region, and rise in awareness regarding the benefits offered by trauma products fuel the growth.

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Key market players

B. Braun Melsungen AG
Zimmer Biomet Holding Inc.
Globus Medical, Inc.
Accumed LLC.
Johnsons & Johnsons
Medtronic PLC.
Nuvasive Inc.
Smith & Nephew
Stryker Corporation
Colfax Corporation (DJO)
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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Tags market report , Industry Trends , business report , Forecast analysis , covid19impact , allied market research , trauma products industry , Global Forecast
Last Updated June 27, 2020