This report segments the orthopedic trauma devices market by material such as metals and non-metals and by geography, including the Americas, APAC, and the EMEA. The report also presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market, which include DePuy Synthes, Smith & Nephew, Zimmer Holding, and Stryker.
Technavio’s market research analysts estimate the global orthopedic trauma devices market to grow at a CAGR of 6.5% between 2016 and 2020. The rise in demand for internal fixation trauma products such as screws and plates is spurring the demand for orthopaedic trauma devices market. The Americas is a major revenue contributor region to the orthopedic trauma devices market, accounting for 40% of the total share. The market in the Americas will see a steady growth because the third-party payers, including domestic dealers, government, and private health insurers limit reimbursement and healthcare coverage resulting in decreased sales of new products.
The new market research report from Technavio provides a breakdown and analysis of the orthopedic trauma devices segments by technology.
“High prevalence of osteoarthritis and rheumatoid arthritis in the elderly population (aged 60 and above) is one of the major factors influencing the growth of the market. The aging population being more prone towards joint-related complications will increase the demand for trauma devices, thereby contributing to market growth during the forecast period,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
The most commonly used metals in the orthopedic trauma devices are stainless steel, titanium, and titanium-based alloys. Tantalum and cobalt alloys are more suitable porous metallic materials use to prepare trauma devices. The introduction of new highly porous metals has improved the biomaterial properties of the traditional metals, namely porosity, modulus of elasticity, and surface coefficient
The key players in the global orthopedic trauma devices market include DePuy Synthes, Smith & Nephew, Zimmer Holding, and Stryker. The market is dominated by few large players and the competition among these players in the market is intense about innovation and launch of new products. Therefore, forming strategic alliances among vendors will help in penetration of a product in untapped markets as well as expansion of product portfolio and increased product sales, thus gaining substantial market shares.
A more detailed analysis is available in the Technavio report, Global Orthopedic Trauma Devices Market 2016-2020.
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