Global Trauma Fixation Devices Market to Grow at Over 7% CAGR through 2025

Posted on 2017-12-18 by Mark Hub in Healthcare // 0 Comments

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Albany, US, 2017-Dec-18 — /EPR Network/ —The global trauma fixation devices market is likely to grow at a CAGR of 7.4% during the forecast period 2017-2025 on account of a host of macroeconomic and microeconomic factors. Increasing emphasis on healthcare, combined with rising focus on providing emergency care are some of the major drivers for trauma fixation devices market. The report titled “Trauma Fixation Devices Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” has been added to the vast repository of Market Research Hub (MRH).

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According to the report, the demand for trauma fixation devices is growing in emergency settings, both in the hospital and outpatient clinics. The demand has been increasing in both developing and developed countries, and many regions in APAC are focusing on giving their healthcare infrastructure a boost. There has been a steady rise in the number of road fatalities and workplace accidents which has necessitated the need of effective emergency care. This has further led to increasing demand for trauma fixation devices globally.

Although the outlook on trauma fixation devices remains positive, there are a number of impediments that can stymie the growth of the market during the forecast period. Lack of awareness, combined with high taxes and rising spate of protectionist measures can hurt the interests of the global industry. Import duties, prohibitive tariffs, and lack of advancement in trauma fixation devices can play a role in slowing the growth of the market during the forecast period.

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The key trends that are likely to shape the global market include international collaborations between players who have the know-how, and focus on developing advanced products that can replace the long-used devices. Manufacturers are also looking at the possibility of using robotic technology to further offer high-quality products to users. Patient-centric approach is gaining solid footing in the trauma fixation devices market, and it is likely that future developments will have patient comfort and affordability at their crux.

Hospitals continue to be the largest end-users of trauma fixation devices globally. The hospitals segment is likely to grow at a CAGR of 7.9% and reach a valuation of over US$ 2.5 Bn by the end of 2025. By product type, metal plates and screws are likely to be the leading segment, accounting for nearly 43% revenue share of the market in 2017. Europe continues to be the leading market for trauma fixation devices globally, with total revenues accounting for over 50% share of global market.

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