Global Internal Trauma Fixation Devices Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Internal Trauma Fixation Devices Market 2021 (Includes Business Impact of COVID-19)
Global Internal Trauma Fixation Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global internal trauma fixation devices market report has been segmented on the basis of product, material, end user, and region.
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The global Internal Trauma Fixation Devices market size was valued at USD $8970.48 million in 2020 and is projected to reach $16650.05 million by 2030, and is anticipated to expand at a CAGR of 6.38% over the forecast period from 2020 to 2030.


Global Internal Trauma Fixation Devices Market: Overview


The internal trauma fixation devices are the medical instruments used to treat internal injuries, such as fractures, dislocations, bruises, and others such injuries. Internal fixation devices are implanted into the human body, in order to stabilize severe fractures, dislocations, or deformity correction treatment or procedures. These devices help in the alignment of fractured bones promotes faster healing, prevent improper bone recovery, and aids in complete repair of internal injuries. The internal trauma fixation is done via using, cannulated screws, intramedullary nails, hip screws, wires, pins, cables, and plates.


Global Internal Trauma Fixation Devices Market: Dynamics


Growing incidence of orthopedic diseases, increasing aging population, and rising cases of road accidents and injuries, are the major key factors expected to drive the revenue growth of the target market over the forecast years. According to the report of World Health Organization (WHO), in 2010, the worldwide geriatric population was about 524 Mn and is expected to reach approximately 2,000 Mn by 2050. In addition, higher health care expenditure, favorable government reimbursement policies, and rising incidences and prevalence of age-related diseases and disorders are other factors expected to drive revenue growth of the target market. However, lack of trained professional and technical expertise, as well as complications associated with these devices, are some of the major factors expected to restraint growth of the global internal trauma fixation devices market.


Global Internal Trauma Fixation Devices Market: Segment Analysis


Among the usage type segments, the reusable sling is expected to register the highest market share in terms of revenue. Among the product segments, seating sling is expected to witnessed highest market revenue share over the forecast period. Among the material, nylon is expected to hold significant share as compared to another material type. Among the end user, the home care facility is expected to witness the fastest CAGR over the next ten years.


Global Internal Trauma Fixation Devices Market: Trends


The players are launching new products in order to cater to the growing demand for a wide range of trauma fixation devices. For instance, in 2015, DePuy Synthes Companies and Stryker Corporation, which are US-based companies launched fixation trauma device market owing to increasing incidences of hip fractures in the US


Global Internal Trauma Fixation Devices Market: Regional Analysis


In 2019, the markets in North America is projected to a significant major share in the target market over the forecast period. This is primarily due to, increasing incidence of sports injuries and rising rate for adoption of various internal trauma fixation devices in countries in the region. The market in the Asia Pacific is projected to witness the highest CAGR over the forthcoming years, owing to developed medical facilities, higher technological advancements, higher health care expenditure.


Below are the active patents related to Internal Trauma Fixation Devices Market.


Patent Number: US20140228895A1

Bone fixation device

Abstract

A bone fixation apparatus is provided and includes a bone fixation plate having a fixation hole, a fastener shaft having a bone-anchoring portion and an upper portion defining an outer cam, and a C-shaped annular member having an outer surface, an inner surface defining an inner cam, and a gap formed through the entire annular member. The inner cam cooperates with the outer cam of the fastener shaft to move the annular member between an unexpanded position and an expanded position independent from movement of the fastener shaft relative to the bone fixation plate.

Application filed Date: 2014-04-16

Application Granted Date: 2018-07-03

Current Assignee: Zimmer Biomet Spine Inc

Patent Number: US20110087227A1

Bone fixation device, tools and methods

Abstract

A bone fixation device is provided with an elongate body having a longitudinal axis and having a first state in which at least a portion of the body is flexible and a second state in which the body is generally rigid, an actuateable gripper disposed at one or more locations on the elongated body, a hub located on a proximal end of the elongated body, and an actuator operably connected to the gripper(s) to deploy the gripper(s) from a retracted configuration to an expanded configuration. Methods of repairing a fracture of a bone are also disclosed. One such method comprises inserting a bone fixation device into an intramedullary space of the bone to place at least a portion of an elongate body of the fixation device in a flexible state on one side of the fracture and at least a portion of a hub on another side of the fracture, and operating an actuator to deploy at least one gripper of the fixation device to engage an inner surface of the intramedullary space to anchor the fixation device to the bone. Various hub designs are disclosed that may be used in combination with other fixation device components.

Application filed Date: 2009-12-18

Application granted Date: 2013-10-29

Current Assignee: Arthrex Inc

Patent Number: US20050283192A1

Closure device and method for tissue repair

Abstract

A method of closing a tissue wound includes providing a wound closure device having a first anchor, a second anchor, and a flexible member movably attached to the second anchor, positioning the first anchor against tissue, passing the flexible member across the wound, positioning the second anchor against tissue, and pulling on a free end of the flexible member to shorten a length of the flexible member between the first and second anchors, thereby closing the wound. A wound closure device includes a first anchor, a second anchor; and a flexible member connecting the first anchor to the second anchor, the flexible member being movably attached to the second anchor, such that pulling on a free end of the flexible member shortens a length of the flexible member between the first and second anchors.

Application filed Date: 2004-12-30

Application Granted Date: 2013-08-20

Current Assignee: Smith and Nephew Inc

Global Internal Trauma Fixation Devices Market Segmentation:

Segmentation by product:

  
Closure Device
  
Plates & Screws
  
Wires
  
Clips & Pins
  
Rods & Nails
  
Cables
  
Bone Cement

Segmentation by material:

  
Stainless Steel
  
Nitinol
  
Titanium
  
Tritium
  
Polyether Ether Ketone (PEEK)

Segmentation by end user:

  
Hospitals
  
Orthopedic Surgical Centers
  
Trauma Centers
  
Ambulatory Centers


Key Market Players included in the report:


  
Arthrex Inc.
  
B. Braun Melsungen AG
  
Biomet
  
Braun Melsungen AG
  
Cardinal Health Inc.
  
DePuy Synthes
  
Globus Medical Inc.
  
Japan Medical Dynamic Marketing
  
Johnson & Johnson Company (Depuy Synthes)
  
Mathys
  
Medtronic Plc
  
Orthofix Medical Inc.
  
Smith & Nephew PLC
  
Stryker Corporation
  
Tornier
  
Waldemar Link
  
Wright Medical Group
  
Zimmer Biomet, Inc.