🔍 Market Drivers
Rise in Road Accidents: Road injuries remain a major cause of bone fractures. According to NCRB, India recorded 437,396 road accident cases in 2019, while the U.S. saw a 10.5% increase in accidents in 2021.
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Growing Elderly Population: WHO estimates that the number of people aged 60 and older will rise from 1 billion in 2019 to 1.4 billion by 2030, increasing vulnerability to fractures.
Innovation by Key Players: Companies like Johnson & Johnson and Stryker are investing in advanced R&D, launching new products such as 2.7 mm Variable Angle Locking Compression Plate for fracture treatment.
🧬 Market Segmentation Highlights
By Product:
Screws led in 2021 due to high demand in tibial fracture treatment.
Bioabsorbable fixators are gaining popularity for their ability to stabilize bones and naturally degrade.
By Material:
Metallic biomaterials (titanium, stainless steel) dominate the market.
Bioabsorbable materials such as PLA and PGA are expected to see significant growth.
By End User:
Hospitals held the largest share in 2021.
Orthopedic centers are expected to grow steadily due to increased specialized surgeries.
By Region:
North America dominates the market due to robust infrastructure and strong company presence.
Asia-Pacific is expected to register fast growth, driven by increased healthcare investments and awareness.
⚠️ Challenges
High Cost of Surgery: Trauma implant procedures remain expensive, limiting access in low-income regions.
Side Effects: Risk of infections, implant rejection, and post-surgical pain may deter some patients.
Regulatory Hurdles: Strict government approval procedures slow down market entry for new products.
🤝 Competitive Landscape
Key players shaping the trauma implants market include:
B. Braun Melsungen AG, Bioretec Ltd, Acumed, Conformis Inc., Globus Medical, J&J (DePuy Synthes), Medtronic, Orthofix, Siora Surgicals, Smith & Nephew, Stryker, and Zimmer Biomet.
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David Correa
Allied Market Research
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