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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Trauma and Extremities Devices Market Outlook
The global trauma and extremities devices market attained a value of approximately USD 14.42 billion in 2023. The trauma and extremities devices market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.5% to reach around USD 27.63 billion by 2032.
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The rapid urbanisation in developing countries contributing to countless road accidents and improved health facilities is expected to stimulate the trauma and extremities devices market growth.
Market Segmentation
Various events, including workplace injury, accidents, sports injuries, and robbery, cause trauma. The devices used to treat trauma are known as trauma and extremities devices.
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Based on type, the trauma and extremities devices market is divided into:
- External Fixation
- Internal Fixation
- Craniofacial Devices
- Long Bone Stimulation
- Others
Internal Fixation can be further divided into plates and screws, rods and pins, and bone grafts.
The EMR report looks into the regional markets of trauma and extremities devices like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The growth in the geriatric population and the prevalence of target diseases like osteoporosis are likely to propel the market growth. The introduction of new material and application innovations and the non-invasive quality of the material is increasing the demand. Diabetic foot is operated by external fasteners and therefore enhances its prominence. External fixators allow skeleton alignment by giving structurally deficient bones mechanical stability. The increased prevalence of diabetic foot would lead to an increase in the demand for external fixators, leading to the trauma and extremities devices market growth.
Restrictions, like strict product approval control, reactions to the use of external and internal trauma repair tools, and chances of infection, are likely to obstruct the global trauma and extremity market growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global trauma and extremities devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Stryker Corp (NYSE: SYK)
- Zimmer Biomet Holding Inc
- Smith & Nephew Plc
- Wright Medical Group N.V.
- Advanced Orthopaedic Solutions
- Johnson & Johnson Medtech (DePuy Synthes)
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global trauma and extremities devices market attained a value of nearly USD 14.42 billion.
The market is projected to grow at a CAGR of 7.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 27.63 billion by 2032.
The major drivers of the industry, such as rapid urbanisation, accelerating road accidents, and the increasing number of health facilities, are expected to aid the market growth.
The key market trend guiding the industry growth includes the rising prevalence of diabetic foot, which would result in an increase in the demand for external fixators.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of trauma and extremities devices in the industry are external fixation, internal fixation, craniofacial devices, and long bone stimulation, among others.
The major players in the industry are Stryker Corporation, Zimmer Biomet Holding Inc., Smith & Nephew PLC, Wright Medical Group N.V. Advanced Orthopaedic Solutions, and Johnson & Johnson Medtech (DePuy Synthes), among others.
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