Orthopaedic Trauma Devices Market By Product Type (Internal Fixators, External Fixators) By End User (Hospitals, Orthopedic and Trauma Centers, Ambulatory Surgical Centers)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Key Highlights of the Report

The global orthopedic trauma devices market is segmented by product type, end-user, and region. Internal fixators are the most used product type, as it assists in the stability and alignment of shattered bones. The hospital segment is the dominating segment due to the presence of skilled professionals and required devices for fatal orthopedic treatments, with North America leading the market growth.

The global orthopedic trauma devices market has several drivers. The market is anticipated to grow rapidly as a result of a rise in the frequency of minor fractures and catastrophic, life-threatening injuries. The rise in accidents, other fatalities, and trauma are other significant factors supporting the expansion of the global market regarding traffic accidents, slips and falls, rising rates of osteoarthritis, and orthopedic sports injuries.

Nonetheless, the global orthopedic trauma devices market offers significant growth opportunities, including huge growth potential in the Asia Pacific region and the increasing adoption of orthopedic trauma devices in hospitals and orthopedic centers. Moreover, new developments in orthopedic trauma devices will further p[promote the market.

Market Overview

The global orthopedic trauma devices market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 6.2% between 2023 and 2030. The market was valued at USD 9.1 million in 2022 and is expected to reach USD 13.9 million in 2030.

What Are The Main Drivers Of The Global Orthopaedic Trauma Devices Market?

Over the next few years, the rising number of sports injuries, fractures, and traffic accidents is anticipated to drive up demand for orthopedic trauma medical devices. The strong local player presence of major international players in their respective markets is another important factor for the sales of orthopedic trauma products through localized marketplaces.

What Are The Major Challenges Faced By The Global Orthopaedic Trauma Devices Market?

The global orthopedic trauma devices market also faces several challenges; Major challenges and drawbacks of fixators include the potential for joint contractures, a protracted bone-healing period, and a higher risk of infection at the sites where pins and wires are inserted into the body. The material chosen for the implants used to address orthopedic issues must also be carefully considered, just like with any other implant. The implants themselves may lead to bone fractures, abnormalities, or insufficient bone healing if the incorrect material is chosen.

What Are The Growth Opportunities In The Global Orthopaedic Trauma Devices Market?

The global orthopedic trauma devices market offers significant growth opportunities; Even if orthopedics has not yet been completely studied, the rapid breakthroughs and use of 3D printing technology are considerably improving orthopedics. Polymers are one of the most often used materials in 3D printed orthopedic implants because they are potentially used as gels for direct ink writing, solutions for stereolithography equipment, and filaments for fused deposition modeling.

Executive Summary

Overview of the Global Orthopaedic Trauma Devices Market

The global orthopedic trauma devices market has steadily grown in recent years, driven by regulations requiring the distribution of secure medical equipment for end users. Orthopedic trauma devices are in high demand as cases of rheumatoid arthritis and osteoarthritis rise. Market expansion is also anticipated to be aided by rising demand for sensor-integrated orthopedic trauma devices.

Market Definition

Orthopedic trauma diseases are treated with orthopedic trauma devices, which are medical equipment. Joints, ligaments, tendons, and muscles are typically affected by orthopedic trauma. One of the key elements driving the market’s expansion is the rise in the incidence of osteoarthritis. Another factor driving market expansion is the increase in applications from developing nations. Continuous technological development and innovation of new tools, rising consumer awareness of the advantages of minimally invasive surgery, rising product launches, an increase in fractures and road accidents, and untapped potential in emerging markets will all contribute to the creation of lucrative market growth opportunities.

Market Insights

• The global demand for orthopedic trauma devices was valued at USD 9.1 Billion in 2022 and is expected to reach USD 13.9 Billion in 2030, growing at a CAGR of 6.2% between 2023 and 2030.
• The internal fixator is the leading segment by product type and held over 60% share in value in 2022, while the external fixator segment is likely to exhibit a significant CAGR during the forecast period.
• The hospital segment governs the demand for orthopedic trauma devices globally, holding a massive share of over 45% in 2022, and is expected to grow at a rapid CAGR.
• The orthopedic and trauma centers segment will post the highest CAGR during the forecast period.
• North America is fueling the growth of the orthopedic trauma devices industry with an over one-third share in 2022, while Asia Pacific and Europe collectively accounted for just under 50% share in 2022. Europe held over 22% share in 2022.
• Growing innovation in technology and tools promotes orthopedic trauma device growth.
• The huge growth potential in Asia Pacific is creating major opportunities in the market.

Segmentation by Product Type

• In 2022, the internal fixator category dominated the market growth for orthopedic trauma devices, and it is anticipated that the segment will see the fastest increase over the following five years.
• Internal fixators are frequently used to repair bone deformities and fractures due to the development of sterile surgical procedures, significantly reducing the risk of infection.
• Internal fixation also expedites healing, allows patients to resume everyday activities sooner, and reduces the possibility that the broken bones would heal wrongly.

Segmentation by Application

• The hospital segment dominated the orthopedic trauma devices market revenue in 2022 and is anticipated to increase at a quicker rate over the forecast period of 2022–2030.
• The prevalence of trauma and injury worldwide and the use of less intrusive procedures have led to the usage of orthopedic treatment approaches in institutional settings.
• The availability of trained personnel and equipment to aid in surgical procedures also contributes to the hospital sector’s increased market share.

Segmentation by Region

• North America is fuelling the growth of the orthopedic trauma devices industry with over one-third share in 2022.
• Asia Pacific and Europe collectively account for just under 50% share in 2022, with Europe holding over 22% share in the same year.
• The rest of the world, including Latin America, The Middle East, and Africa, contributes the remainder to the demand for algal polysaccharides.

The need for orthopedic trauma medical equipment is expected to increase over the coming years because of the increased in sports injuries, fractures, and auto accidents. Another crucial element in the sales of orthopedic trauma products through regional marketplaces is the significant local player presence of big international players in their particular areas.

In 2022, the US held a market share of roughly 95.5% in North America. Due to the increased incidence of chronic pain, arthritis, low back pain, and neck pain, the US market has a sizable part of the global market. In addition, factors driving the growth of the overall market include the rising elderly population in the nation, increased awareness of orthopedic operations, and the availability of government reimbursements.

In 2022, China had a market share of approximately 10.1%. In China, fractures affect 4.41 million people annually on average. Due to China’s aging population, rapid economic development, industrialization, urbanization, and other causes, traumatic fractures will likely increase substantially shortly.

Even though orthopedics has yet to be thoroughly investigated, the field is rapidly advancing thanks to 3D printing technology. Because of their potential for usage as gels for direct ink writing, solutions for stereolithography equipment, and filaments for fused deposition modeling, polymers are one of the most often utilized materials in 3D-printed orthopedic implants.

The main difficulties and disadvantages of fixators are the possibility of joint contractures, a prolonged bone-healing period, and a higher risk of infection at the places where pins and wires are put into the body.

Increased prevalence of osteoporosis will drive market expansion

The prevalence of osteoporosis and other degenerative bone diseases is increasing, driving up market revenue for orthopedic trauma devices. According to the International Osteoporosis Foundation (2021), more than 8.9 million fractures occur yearly due to osteoporosis. According to additional information in the article, one in five men and one in three women over 50 are at risk for fractures due to weak bones. Osteoporotic bones deteriorate over time, becoming less thick, brittle, and susceptible to fracture. Degenerative bone diseases like osteoporosis cause bone fractures in the musculoskeletal system, increasing the demand for orthopedic trauma devices to treat bone-related disorders. This is driving up demand for orthopedic trauma devices. As a result, this aspect is boosting the orthopedic trauma devices market CAGR.

Rise in traffic injuries and technological developments.

Another significant factor propelling the market for orthopedic trauma devices is increased traffic injury incidents. The primary cause of death for children and young adults between the ages of 5 and 29 is road traffic accidents, according to the World Health Organisation brief (2021) on road traffic injuries. The same factsheet estimates that between 20 and 50 million people worldwide sustain disabilities as a result of non-fatal injuries in automobile accidents. Such injuries may seriously harm the limbs, depending on where the trauma originates. Since traffic-related injuries and accidents are expected to increase, it is predicted that demand for orthopedic trauma devices will rise as well, eventually driving the market throughout the forecast period.

The increase in outpatient surgeries and the introduction of cutting-edge product concepts drive the market for orthopedic trauma devices. The fast development of hip, knee, and spine replacement products in terms of functionality and design, including smart implants with integrated sensors for real-time data processing and metal-on-metal and metal-on-ceramic implants, is driving the market. Developing tissue engineering and gene editing technology also contributes to the industry’s expansion. Industry players are conducting extensive studies on the absorbable polymer since it encourages rapid recovery without the risk of metal corrosion, ultimately driving the market during the forecast.

Limitation of fixators

External fixation or joint replacements may be options for long-bone fractures instead of internal treatment, depending on where the fracture is. The risk of infection and the size of the functioning output are limitations that vary depending on the surgery. Whether wound treatment and debridement are handled with intramedullary nailing or external fixation, the risk of infection remains the same. Other disadvantages of external fixators include the potential for joint contractures, a protracted bone-healing period, and a higher risk of infection at the locations where pins and wires are inserted into the body.

Material Used for implants

The material chosen for the implants used to address orthopedic issues must also be carefully considered, just like with any other implant. The implants themselves may lead to bone fractures, abnormalities, or insufficient bone healing if the incorrect material is chosen. The three categories of biomaterials—ceramics, metals, and polymers—have all been used to treat bone deformities and fractures, and each has advantages and limitations regarding the applications that can be used for them.

Development of novel materials for implants

At the moment, polymers, metal, and bioceramics are the most frequently used materials in orthopedics. According to recent data, biomedical nanotechnology is getting a lot of attention. Magnesium alloys have recently become the research subject because of their biocompatibility and acceptable mechanical properties. Mg-based metal alloys produce contemporary biodegradable metal products with good osseointegration characteristics. The research will continue to concentrate on the creation of alloys with a slow rate of degradation and higher mechanical strength to address load-bearing zone fractures.

Deployment of 3D printing technology

Even if orthopedics has not yet been completely studied, the rapid breakthroughs and use of 3D printing technology are considerably improving orthopedics. Polymers are one of the most often used materials in 3D printed orthopedic implants because they are potentially used as gels for direct ink writing, solutions for stereolithography equipment, and filaments for fused deposition modeling. 

Studies on the viability of using desktop 3D printers to duplicate surgical implant models from biocompatible materials showed decreased production costs. Still, they could not achieve mechanical attributes on par with traditional stainless-steel implants. In orthopedics, materials that can be 3D printed can be used to create life-size anatomical models and implants. A growing study on the applicability of improved treatments for orthopedic trauma has been done in light of the acceptability of adopting 3D printing technologies for developing customized implants and using nanotechnology-based biomaterials for implant materials.

Competitive Landscape

Key Players

The global orthopedic trauma devices market is highly competitive, with several key players. Some of the major players in the market and their market share are as follows:

• Medical Devices Business Services, Inc.,
• Stryker
• Zimmer Biomet
• Smith & Nephew plc
• B. Braun Melsungen AG
• CONMED Corporation
• Orthofix Holdings, Inc.
• Integra LifeSciences Corporation
• Citieffe s.r.l.
• Acumed LLC
• Wright Medical Group NVNV.
• Invibio Ltd, Biotek., Auxein Medical
• Medtronic
• NuVasive, Inc,
• Others

To stay ahead, these companies focus on product innovation, expanding their distribution channels, and mergers and acquisitions. The major players in the global orthopedic trauma devices market constantly strive to stay ahead by introducing new products and innovations. In June 2021, Zimmer Biomet trauma implants with Bactiguard coating were available in select EMEA regions.

Stryker’s Trauma & Extremities division unveiled the CitrelockTM Tendon Fixation Device System in September 2021. Through a tendon thread constructed of CitregenTM, a resorbable material with unique chemical and mechanical properties for orthopedic surgical applications, the new system provides surgeons with a distinctive design.

Summary of Key Findings

• Growing prevalence of osteoarthritis across various end-use sectors driving market growth
• Developing novel implant materials will further promote the growth of orthopedic trauma devices.
• Asia Pacific is the fastest-growing orthopedic trauma device market due to increasing traffic accidents in developing countries.

Future Outlook

• Positive outlook for the global orthopedic trauma devices market with significant growth potential in the Asia Pacific region
• Increasing adoption of orthopedic trauma devices in the orthopedic and trauma centers industry to drive growth
• Key players to focus on product innovation, expanding market reach and maintaining competitive pricing to stay ahead.

Segmentation

• By Product Type
  • Internal Fixators
  • External Fixators
• By End User
  • Hospitals
  • Orthopedic and Trauma Centers
  • Ambulatory Surgical Centers
• By Region
• North America
  • The US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • The UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa