The global trauma devices market size is expected to reach USD 11.2 billion in 2025, according to a new report by Grand View Research, Inc., registering a 6.1% CAGR during the forecast period. Increasing incidence of severe fractures and rising expenditure on research and development of trauma devices are among the key factors likely to drive the market during the forecast period. Medical devices used for fixation of small bones and joints are categorized under orthopedic trauma.
The
market for trauma devices is likely to witness high growth in the coming years
due to the rising geriatric population and surge in the number of road
accidents. The market is driven by technological advancements, with key players
introducing an array of products through extensive research capabilities and
expanding their segment portfolio through partnerships with other players.
For
instance, in July 2017, Cardinal Health acquired the patient recovery business
from Medtronic for USD 6.1 billion. The acquisition helped expand Cardinal
Health’s portfolio by adding 23 product categories, including segment leader
brands such as Kendall, Curity, Kangaroo, Dover, and Argyle.
Full Research Report On Trauma Devices Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/trauma-devices-market
Further key
findings from the report suggest:
- Rising number
of road accidents and an increase in expenditure on research and
development is expected to drive the trauma devices market from 2018 to
2025
- Osteoporotic
fractures affect around 8.9 million people every year, mainly menopausal
women, and causes osteoporotic fracture in more than 30.0% women over the
age of 50
- Around 40.0%
of trauma injuries occur due to falls and motor vehicle accidents. The
elderly population as well as children below the age of 7 are more prone
to falls. Motor vehicle accidents account for over 28% of trauma injuries
- Internal
fixators dominated the market by type in 2017; however, external fixators
are anticipated to grow at the fastest rate over the forecast period
- Key industry
contributors include Depuy Synthes, Stryker; Zimmer Biomet, Smith &
Nephew, Wright Medical Group N.V., Advanced Orthopaedic Solutions, Integra
LifeSciences, Acumed, Bioretec Ltd., and Cardinal Health.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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