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Trauma and Extremities Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Published : Oct 2024

Report ID: ARC1489

Pages : 250

Format : Trauma and Extremities Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

The Global Trauma and Extremities Market Size accounted for USD 13.7 Billion in 2023 and is estimated to achieve a market size of USD 21.7 Billion by 2032 growing at a CAGR of 5.4% from 2024 to 2032.

Trauma and Extremities Market Highlights

  • The global trauma and extremities market is projected to reach USD 21.7 billion by 2032, with a CAGR of 5.4% from 2024 to 2032
  • North America’s trauma and extremities market was valued at approximately USD 6.3 billion in 2023
  • The Asia-Pacific trauma and extremities market is expected to grow at a CAGR exceeding 6.1% from 2024 to 2032
  • In 2023, the internal fixation devices segment held a dominant 71% share of the market based on composition
  • Hospitals accounted for 65% of market growth in 2023 within the end-user segment
  • Focus on biocompatible materials and personalized implants is expanding product innovation in the market is the trauma and extremities market trend that fuels the industry demand

Trauma and Extremities Market Dynamics

Various simple and complex devices, as well as devices for trauma and limits, are rapidly evolving. Several factors, including workplace injuries, accidents, sports injuries, harassment, robberies, and mentally intrusive thoughts, contribute to psychiatric disorders. The trauma and extremities market is likely to be driven by factors such as an increase in accident volume, an increase in sports-related injuries, changes in lifestyle, and the growth of elderly populations. According to the World Health Organization, 16,000 people die in accidents every day. Other factors boosting the global trauma and extremities market are technological advancements and public reimbursement policies.

Global Trauma and Extremities Market Dynamics

Market Drivers

  • The rising number of accidents and sports-related injuries
  • Innovations in surgical procedures and technologies
  • Increased public awareness and education regarding trauma treatment options

Market Restraints

  • The expensive nature of trauma surgeries and rehabilitation
  • Stringent regulations and lengthy approval processes for medical devices
  • Risks of postoperative complications and lengthy recovery periods

Market Opportunities

  • The growth of telemedicine can improve access to trauma care, especially in remote areas.
  • Increasing demand for less invasive procedures
  • Research and development in biomaterials for implants can lead to improved patient outcomes and satisfaction in trauma recovery

Trauma and Extremities Market Report Coverage

Market Trauma and Extremities Market
Trauma and Extremities Market Size 2022

USD 13.7 Billion

Trauma and Extremities Market Forecast 2032 USD 21.7 Billion
Trauma and Extremities Market CAGR During 2023 - 2032 5.4%
Trauma and Extremities Market Analysis Period 2020 - 2032
Trauma and Extremities Market Base Year
2022
Trauma and Extremities Market Forecast Data 2023 - 2032
Segments Covered By Composition, By End-User, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Zimmer Biomet Holdings, Inc., Cardinal Health, Braun Melsungen AG, Siemens, Stryker Corporation, Abbott Laboratories, Boston Scientific Corporation, Becton, Dickinson and Company, Johnson & Johnson Services, Inc., Koninklijke Philips N.V., and GE Healthcare.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Trauma and Extremities Market Insights

The World Health Organization (WHO) plays an important role in addressing these issues by promoting cost-effective improvements in injury care, improving and standardizing injury supervisory systems, and promoting violent, trafficking, and other significant injury policy initiatives such as sports damage. The market is driven by a significant increase in geriatrics worldwide, as well as an alarming increase in road crashes. The rising need for fracture fixtures is expected to result in more serious fractures caused by falls and disruptions among the elderly.

Falls and car accidents account for almost 40% of all trauma injuries. Senior individuals and children under the age of seven are more likely to drop. Car accidents are responsible for more than 28% of trauma injuries. This is a key factor in the global economy. Technological advancements also drive the market; leading firms launch items based on extensive research capacities and increase their segment portfolio through collaborations with others. Diabetes is expected to become more prevalent, particularly in middle-income countries. Other issues, such as diabetic footing, afflict a diverse population of diabetics.

External fasteners provide mechanical stability to structurally defective bones, allowing for skeletal alignment. The rise in diabetic foot incidence is expected to drive up demand for internal fixators. For instance, according to Centers for Disease Control and Prevention, Diabetes affected 38.4 million persons of all ages in the United States, accounting for 11.6% of the population. For interior fasteners, the material is long-lasting, non-corrosive, and stable. The CT and MRI scans are also compatible. With industry actors producing new goods to meet rising demand, the utilization of bone grafts is increasing.

Trauma and Extremities Market Growth 2024 - 2032

Trauma and Extremities Market Segmentation

The worldwide market for trauma and extremities is split based on composition, end-user, and geography.

Trauma and Extremities Composition

  • Internal Fixation Devices
    • Rods and Pins
    • Plates and screws
    • Bone Grafts
  • Craniofacial Devices
    • Internal Craniofacial Devices
    • External Craniofacial Devices
  • Long Bone Stimulation
  • External Fixation Devices
  • Other Trauma Devices

According to the trauma and extremities industry analysis, internal fixation devices dominate in market. Internal fixators are in high demand because they reduce scarring and bruising, and shorten hospital stays. For instance, according to American Academy Of Orthopedic Surgeons, internal fixation shortens hospital stays by encouraging speedier healing, allowing patients to regain mobility and function more quickly. It also minimizes the chance of nonunion (where the bone fails to heal properly) and malunion (where the bone repairs in the wrong place). During the projection period, the external fixators section should experience the biggest growth. The external fixator stabilizes the injured bones, speeding up the healing process. Open fractures are routinely treated. Furthermore, for childhood fractures, exterior fixators are better since continuous inside fixators in growing bones are not practical.

Trauma and Extremities End-User

  • Hospitals
  • Outpatient Facilities

According to the trauma and extremities industry analysis, hospitals are the primary end consumers in industry because of their ability to handle severe trauma patients requiring specialist surgical treatments and emergency care. They provide advanced medical infrastructure, such as trauma centers, trained orthopedic surgeons, and rehabilitation facilities, which are critical for handling serious limb injuries. With a high patient volume, hospitals are well-equipped to provide complete care, from diagnosis to post-operative rehabilitation. Their involvement in providing essential care and access to treatment solutions establishes them as key participants in this sector.

Trauma and Extremities Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Trauma and Extremities Market Drivers

Trauma and Extremities Market Regional Analysis

For several reasons, the trauma and extremities markets are dominated by North America's increasing population aging and technology advancement. As research and development activity and individual healthcare knowledge improve, North America becomes a major market for trauma and extremities. Increased population growth, healthcare spending, and per capita consumption are all expected to enhance Asia Pacific. These variables are predicted to improve as the trauma and extremities industry grows. The rise of the pressurized adhesives market in the projection period may limit the increase in raw material prices such as acrylate, silicon, rubber, and other chemical goods. Some raw materials are derived from petroleum; therefore price variations are also influenced. Because of more accidents, favorable demographics, and improved access to care, developing countries like U.S, AND Canada are predicted to provide an excellent opportunity for the development of trauma and extremities on their markets.

In the predicted age, Asia Pacific is expected to be the most profitable segment, with India leading the way. Rising senior populations in Japan and China, frightening increases in traffic accidents and rapidly rising economies will all boost the Asia-Pacific market. The demand for operative plugs for bariatric and other minimally invasive operations in that region is driven mostly by health tourism. The growing number of road accidents is the primary driver of regional development. Better healthcare policies and financial conditions facilitate strong demand. Furthermore, producers are required to supply biocompatible implants that are anatomically similar to their native structures.

Trauma and Extremities Market Players

Some of the top trauma and extremities companies offered in our report include Zimmer Biomet Holdings, Inc., Cardinal Health, Braun Melsungen AG, Siemens, Stryker Corporation, Abbott Laboratories, Boston Scientific Corporation, Becton, Dickinson and Company, Johnson & Johnson Services, Inc., Koninklijke Philips N.V., and GE Healthcare.

Frequently Asked Questions

How big is the trauma and extremities market?

The Trauma and Extremities market size was valued at USD 13.7 billion in 2023.

What is the CAGR of the global trauma and extremities market from 2024 to 2032?

The CAGR of trauma and extremities is 5.4% during the analysis period of 2024 to 2032.

Which are the key players in the trauma and extremities market?

The key players operating in the global market are including Zimmer Biomet Holdings, Inc., Cardinal Health, Braun Melsungen AG, Siemens, Stryker Corporation, Abbott Laboratories, Boston Scientific Corporation, Becton, Dickinson and Company, Johnson & Johnson Services, Inc., Koninklijke Philips N.V., and GE Healthcare.

Which region dominated the global trauma and extremities market share?

North America held the dominating position in trauma and extremities industry during the analysis period of 2024 to 2032.

Which region registered fastest CAGR from 2024 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of trauma and extremities during the analysis period of 2024 to 2032.

What are the current trends and dynamics in the global trauma and extremities industry?

The current trends and dynamics in the trauma and extremities industry include the rising number of accidents and sports-related injuries, innovations in surgical procedures and technologies, and increased public awareness and education regarding trauma treatment options

Which composition held the maximum share in 2023?

The internal fixation devices expected to hold the maximum share of the trauma and extremities industry. 

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