Global Trauma Products Market

1. Global Trauma Products Market Gaining Impetus: flourishing at a CAGR of 9.1% Global Trauma Products Market- Industry Trends & Forecast Report 2027 View report Sample report Press release Summary Global Trauma Products Market, By Type (Internal Fixators, External Fixators), By Surgical Site (Upper Extremities, Lower Extremities), By End-Users (Hospital, Ambulatory Surgical Centers, Others), By Region (North America, Europe, Asia- Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027 A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that market was worth USD 5.3 billion in the year 2020 and it is estimated to grow at the CAGR of 9.1%, earning revenue of around USD 9.6 billion by the end of 2027. Several factors like the rising prevalence of orthopedic diseases or injuries, along with the rising geriatric population are contributing significantly to the growth of the trauma products market. the global trauma products Global Trauma Products Market- Industry Trends & Forecast Report 2027 The global trauma products market was worth USD 5.3 billion in the year 2020 and is further projected to reach USD 9.6 billion by 2027, growing at the CAGR of 9.1% during the forecast period (2021-2027). The market is driven by factors such as the rising geriatric population, increasing incidences of sports injuries due to sports activities, as well as the alarming surge in road accidents. Additionally, the expanding prevalence of degenerative bone diseases is also contributing significantly to the growth of the global trauma products market.

2. Global Trauma Products Market Gaining Impetus: flourishing at a CAGR of 9.1% Global Trauma Products Market- Overview Trauma, in terms of physical medical conditions, means a very serious injury to the body. When a person is affected by physical trauma, they may be suffering from wounds, broken bones, or internal organ damage. The experience of physical damage can sometimes be so severe that it can lead to psychological difficulties too. That is why hospitals or other healthcare facilities which offer trauma treatment are designated as Major Trauma Centers (MTCs). This is because these facilities are equipped with all the medical specialties that are required for treating an injured patient in the best possible manner. Global Trauma Products Market Forecast and Trends Growth Drivers Rising Cases of Degenerative Bone Diseases Degenerative bone diseases refer to the deterioration of the bones which causes immense pain and stiffness in the joints. According to a study conducted by the Arthritis Foundation, degenerative osteoarthritis will affect at least 130 million people worldwide by the year 2050 as the world's population continues to age. Some of the most common types of degenerative bone diseases are osteoporosis, osteoarthritis, Paget’s disease, and so on. The prevalence of degenerative bone diseases is surging at a very high rate, especially among the older population as the patients seek treatment as soon as they can because the pain becomes unbearable as time passes. Therefore, they seek implant surgeries, which is contributing to the growing demand for such trauma products. joint disease disorders such as Expanding Product Portfolio from Companies Trauma products are widely used in the treatment of wounds caused by accidents, particularly road accidents. Injuries from these accidents can occur anywhere on the body. The anatomy of different regions of the body differs, and treating injuries necessitates the use of different types of implants that are appropriate for the situation. As a result, the industry players are focusing on offering a variety of product lines that meet the demand for various sorts of injuries as well as the needs of the geriatric population as they are more vulnerable to accidents. Restraints Existence of Metal Sensitivity in the Human Body Metals or alloys such as nickel, cobalt, chromium, or titanium are used to make trauma products. When an alien object is inserted into the human body, the natural immune system may attempt to combat it, increasing the risk of allergies or infections such as vasculitis, urticaria, and so on. Furthermore, it may also cause problems or discomfort as the implanted object starts losing its grip. Therefore, in some cases, patients are reluctant to get a surgery that involves using implants of trauma products, thereby affecting its market demand. Impact of Covid-19 on the Global Trauma Products Market

3. Global Trauma Products Market Gaining Impetus: flourishing at a CAGR of 9.1% The sudden onset of the Covid-19 pandemic brought the global trauma products market to a halt. The entire production of such products had to be put on hold due to the protocols of the government-imposed nationwide lockdown in various countries. Furthermore, the distribution channels were completely blocked to prevent the transmission of the virus. As the healthcare professionals, as well as medical facilities, were giving preference to the Covid-19 virus-affected patients, all the elective and non-essential surgeries were postponed and subsequently declined the demand for the trauma products. However, in the post-Covid-19 period, the market is expected to get back on its track as all the postponed surgeries will resume. Global Trauma Products Market - By Type Based on types, the global trauma products market is categorized into internal fixators and external fixators. While internal fixators include plates & screws, rods & pins, and others, external fixators include uniplanar & multiplanar fixators, circular fixators, and hybrid fixators. The internal fixators segment held the largest market share in the year 2020. The same segment is estimated to register an impressive CAGR in the forecast period as well. Internal fixators are becoming more popular due to factors such as the rising geriatric population and an increase in the number of physical injuries, which is propelling the market forward. Global Trauma Products Market - By Surgical Site Based on the surgical site, the market is segmented into two segments— upper extremities and lower extremities. The upper extremities segment covers the upper part of the body like hands and wrists, shoulders, arm, and elbow, whereas lower extremities cover lower parts like hip & pelvis, lower leg, foot & ankle, knee, and thigh. The upper extremities segment dominated the market in the year 2020 and is likely to maintain its dominance even during the forecast period. People started engaging more and more in physical activities in their homes due to lockdown; however, due to the absence of expert supervision, the cases of physical injuries surged profoundly, driving the market growth. Global Trauma Products Market - By End-User Based on end-users, the global trauma products market is divided into hospitals, ambulatory surgical centers, and others. The hospital segment dominated the overall market in terms of revenue in the year 2020. This dominance is mostly due to the high number of patients who come to hospitals for treatment of their individual trauma problems. The government also contributes significantly to the equipment supply. Though the hospital segment is projected to witness a healthy CAGR during the forecast period, the market of ambulatory surgical centers is also expected to surge with a significant growth rate in the foreseeable future. Global Trauma Products Market - Regional Insights Geographically, the global trauma products market is segmented into North America, Europe, Asia-Pacific, Latin America (LATAM), and Middle-East & Africa (MEA). Among all the regions, North America held the largest market share in the year 2020. This is owing to factors such as advanced healthcare infrastructure and rising awareness regarding trauma. Furthermore, all the leading trauma product manufacturing companies are mainly concentrated in this region. As a result, there

4. Global Trauma Products Market Gaining Impetus: flourishing at a CAGR of 9.1% is easy affordability of such products in the market, which is fueling its overall demand. Competitive Landscape The leading market players in the global trauma products market are Smith & Nephew, Stryker, Depuy Synthes, Cardinal Health, Acumed, Advanced Orthopaedic Solutions, Wright Medical Group N.V., Bioretec Ltd., Integra Lifesciences, Zimmer Biomet, Traumédica, Citieffe S.R.L., Arthrex, Inc., Osteomed, Response Ortho, Conmed Corporation, B. Braun Melsungen Ag, Double Medical Technology Inc., Ortosintese, and other prominent players. The companies are focused on adopting competitive market strategies like partnerships, mergers, acquisitions, product launches, etc. to expand their product portfolio and to cover a larger consumer base. Recent Developments In April 2021, Safeguard Medical, a US-based medical technology company, completed its acquisition of H&H Medical Corporation, which is a leading medical equipment manufacturer. The purpose of this acquisition was to expand the former’s product portfolio. In March 2020, Acumed, a US-based medical device manufacturing company, joined hands with Vivorte, another manufacturer. The agreement will make Acumed the official distributor for the product range manufactured by Vivorte. US-based medical equipment Scope of the Report Attributes Details Historical data – 2017-2020 Years Considered Base Year – 2020 Forecast – 2021 – 2027 Facts Covered Revenue in USD Million Market Coverage North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa Product Service/Segmentation By Type, By Surgical-Site, By End-User, By Region

5. Global Trauma Products Market Gaining Impetus: flourishing at a CAGR of 9.1% Key Players Smith & Nephew, Stryker, Depuy Synthes, Cardinal Health, Acumed, Advanced Orthopaedic Solutions, Wright Medical Group N.V., Bioretec Ltd., Integra Lifesciences, Zimmer Biomet, Traumédica, Citieffe S.R.L., Arthrex, Inc., Osteomed, Response Ortho, Conmed Corporation, B. Braun Melsungen Ag, Double Medical Technology Inc., Ortosintese, and other prominent players By Type Internal Fixators Plates & screws Rods & Pins Others External Fixators Uniplanar & Multiplanar Fixators Circular Fixators Hybrid Fixators By Surgical Site Upper Extremities Hand & Wrist Shoulder Arm Elbow Lower Extremities Hip & Pelvis Lower Leg Foot & Ankle Knee Thigh By End-User Hospitals Ambulatory Surgical Centers Others By Region North America

6. Global Trauma Products Market Gaining Impetus: flourishing at a CAGR of 9.1% Europe Asia-Pacific (APAC) Latin America (LATAM) Middle-East & Africa (MEA) FAQs: 1. What is the current size of the global trauma products market? Answer: The global trauma products market reached USD 5.3 billion in 2020. 2. What are the major factors driving the growth of the global trauma products market? Answer: The major factors driving the growth of the global trauma products market are rising incidences of road accidents, increasing prevalence of degenerative bone diseases, and expanding product portfolio from companies 3. Who are the key players in the global trauma products market? Answer: The key players in the global trauma products market are: Smith & Nephew, Stryker, Depuy Synthes, Cardinal Health, Acumed, Advanced Orthopaedic Solutions, Wright Medical Group N.V., Bioretec Ltd., Integra Lifesciences, Zimmer Biomet, Traumédica, Citieffe S.R.L., Arthrex, Inc., Osteomed, Response Ortho, Conmed Corporation, B. Braun Melsungen Ag, Double Medical Technology Inc., Ortosintese, and other prominent players. 4. Which end-user segment accounted for the largest share in the global trauma products market? Answer: The hospital segment accounted for the largest share in the global trauma products market. 5. Which region is at the highest growth rate in the global trauma products market? Answer: North America has the products market. largest share in the global trauma

7. Global Trauma Products Market Gaining Impetus: flourishing at a CAGR of 9.1% About us Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade- off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com

8. Global Trauma Products Market Gaining Impetus: flourishing at a CAGR of 9.1%