U.S. trauma fixation devices market expansion is being driven by the increasing number of bone related surgeries. A large number of people suffer from degenerative bone diseases, injuries, and trauma every year. Government and regulatory organizations such as the National Institutes of Health (NIH) and WHO are undertaking initiatives to create awareness regarding osteoporosis, rheumatoid arthritis, and other bone related disorders. Increasing awareness about the availability of different treatment options among consumers will augment U.S. trauma fixation devices industry forecast.
U.S. trauma fixation devices market share from foot & ankle injuries was valued at US$753 million in 2019 and is likely to grow substantially in the future. In feet and ankle related surgeries, fixation devices are used in case of infection to enable better care of skin and soft tissues.
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Based on the product spectrum, plates segment is expected to register substantial gains over the years to come on account of their significant role in fixing fractures. Plates keep the broken ends of fractured bones in place which facilitates the healing process. Further, after the insertion of plates, chances of malunion and nonunion of bones decreases considerably. Apparently, in 2019, the segment had accounted for USD 930.8 million.
In terms of material landscape, stainless-steel segment is estimated to witness a commendable growth over the subsequent years owing to elevating product adoption. This is majorly due to its better corrosion resistance as compared to other materials. Besides, they offer stability which prevents the chance of infection. Additionally, stainless steel has smooth surface and can be bent in two planes which makes them useful in anatomical regions such as the clavicle and symphysis. Such applications and properties will positively influence the segment growth over the forthcoming years. For the record, in 2019, stainless-steel segment accounted for a significant valuation of USD 2.4 billion.
This has resulted in increased adoption of trauma fixation devices which is expected to enhance the business growth. Further, growing geriatric population across the states such as Washington and California who are prone to several types of bone degenerative disorders will fuel the product demand significantly.
In terms of the end-user, ambulatory surgical centers (ASCs) captured approximately 11.1% revenue share of U.S. trauma fixation devices industry in 2019. ASCs have gained wide popularity among the masses as they offer cost-effective treatment options. They also provide greater flexibility in terms of scheduling and appointments compared to hospitals.
Manufacturers are continuously working on designing new innovative fixation devices. There have been numerous technological innovations in recent years. In July 2020, Orthofix Medical Inc. had received European CE Mark approval and U.S. FDA 510(k) clearance for the JuniOrtho Plating System specifically designed for pediatric patients. The fixation system helps in the reconstruction of advanced deformity and trauma in the lower extremities.
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Partial Chapter of the Table of Content
Chapter 4 U.S. Trauma Fixation Devices Market, By Product
4.1 Key segment trends
4.2 External fixators
4.2.1 Market size, by zone, 2015 - 2026 (USD Million)
4.2.2 Unilateral and bilateral
126.96.36.199 U.S. Trauma Fixation Devices Market size, by zone, 2015 - 2026 (USD Million)
188.8.131.52 Market size, by zone, 2015 - 2026 (USD Million)
184.108.40.206 Market size, by zone, 2015 - 2026 (USD Million)
4.3 Internal fixators
4.3.1 Market size, by zone, 2015 - 2026 (USD Million)
220.127.116.11 U.S. Trauma Fixation Devices Market size, by zone, 2015 - 2026 (USD Million)
18.104.22.168 Market size, by zone, 2015 - 2026 (USD Million)
22.214.171.124 Market size, by zone, 2015 - 2026 (USD Million)
126.96.36.199 Market size, by zone, 2015 - 2026 (USD Million)
4.4 Unilateral and bilateral
4.4.1 Market size, by zone, 2015 - 2026 (USD Million)
Chapter 5 U.S. Trauma Fixation Devices Market, By Material
5.1 Key segment trends
5.2 Stainless steel
5.2.1 U.S. Trauma Fixation Devices Market size, by zone, 2015 - 2026 (USD Million)
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