Trauma Products Market size was USD 5.01 Billion in 2020 and is expected to register a revenue CAGR of 8.1% during the forecast period.
Trauma Products Market size was USD 5.01 Billion in 2020 and is expected to register a revenue CAGR of 8.1% during the forecast period. Key factors driving market revenue growth are major prevalence of degenerative bone diseases, increasing global geriatric population, and rising preference for minimally invasive surgeries.
Trauma is a medical term that refers to sudden physical injuries that require immediate medical treatment. Trauma can be two types; mental and physical trauma due to sudden accident, violent attack, or physical injuries. Physical injuries include burns, fractures, sprains, strains, and dislocations. Trauma products are usually used to treat physical traumas.
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Trauma is a medical term that refers to sudden physical injuries that require immediate medical treatment. Trauma can be two types mental and physical trauma due to sudden accident, violent attacks or physical injuries. Trauma products are primarily used in hospitals & trauma centers, and ambulatory surgery center. Hospitals & trauma centers segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing number of private hospitals in developing countries and high preference for hospital-based treatments. Asia Pacific market is expected to register relatively faster revenue CAGR throughout the forecast period. Continuous development of healthcare infrastructure and increasing geriatric population in countries in the region are major factors driving revenue growth of the market in this region.
The global pharma & healthcare market report points out the key trends and developments taking place in this business space in the ongoing COVID-19 times. According to market experts, the pandemic has turned this industry upside down, with an unprecedented rise in demand and acute supply shortage. The report clearly depicts the current global economic landscape and the considerable situation of the healthcare industry. A substantial increase in demand for healthcare services worldwide, rising cases of the SARS-CoV-2 infection, increasing pharmaceutical research & development activities, and new drug pipelines are among the key factors that have driven the global pharma & healthcare industry growth in the recent past. Growing acceptance of telehealth and telemedicine services, rise in government initiatives for COVID-19 vaccine development, and escalating demand for advanced point-of-care diagnostics and home healthcare products have further bolstered the industry growth.
Major Players in The Global Market Include:
Acumed LLC, Arthrex Inc., B. Braun Melsungen AG, Citieffe s.r.l., CONMED Corporation, DePuy Synthes, Double Medical Inc., Integra LifeSciences Corporation, Orthofix Holdings Inc., and Smith & Nephew.
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Some Key Highlights From the Report:
- In March 2020, Acumed signed an agreement with Vivorte. This agreement helped Acumed to distribute Vivorte’s products such as calcium phosphate-based bone allograft (Trabexus) and calcium phosphate-based biocement (Fortera).
- Internal fixators segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing global geriatric population and rising application of internal fixators.
- North America is expected to register significantly larger revenue share over the forecast period. Robust presence of key market players and increasing application of advanced trauma products are some major factors driving revenue growth of the market in this region.
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For the purpose of this report, Reports and Data has segmented the trauma products based on type, surgical site, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- External Fixators
- Unilateral
- Circular
- Hybrid
- Internal Fixators
- Plates
- Nails
- Screw
- Pins
- Staples
Surgical Site Outlook (Revenue, USD Billion; 2018-2028)
- Lower Extremities
- Thigh
- Hip & Pelvic
- Lower Leg
- Knee
- Foot & Ankle
- Upper Extremities
- Hand & Wrist
- Elbow
- Shoulder
- Arm
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Clinical Laboratories
- Biotechnology Industries
- Others
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Israel
- Rest of MEA
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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