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Market Research Reports included a detailed market survey and analysis trends
on “Trauma Fixation Devices Market”. This report also includes more info about basic
overview of the industry including definitions, applications and global market
industry structure. The physical injuries such as, burns, dislocations,
fractures, sprains and strains caused by any external source (fire and
accident) are termed as trauma. The Centers for Disease Control and Prevention
(CDC) trauma has defined trauma as “an injury or wound to a living body caused
by the application of external force or violence”. To treat trauma various
procedures are available and their usage by surgeons is determined by the
severity of injury. Trauma fixation devices are one of the key treatment
methods for the aforementioned medical conditions.
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The
trauma fixation devices can be categorized in two segments namely external
trauma fixation devices and internal trauma fixation devices. External trauma
fixation devices are used for temporary fracture fixation and help in providing
support to the affected bone while their healing process. Since these fixation
devices are applied externally, can be adjusted as per the individual
requirements of the patient. Owing to the underdevelopment of the bones, this
procedure is preferred in pediatric trauma cases. In addition, they are also
applied on those patients whose skin over fracture has been damaged.
Internal
fixation devices are helpful in fixing fractured bones in definite shape by
implanting different devices. These devices includes various intramedullary
nails, cannulated screws, hip screws, wires, cables, conventional hip screws,
pins and plates. The materials utilized to build these devices are majorly made
of stainless steel, cobalt and titanium. Internal fixation devices are gaining
popularity over the external fixation devices, hence the demand for internal
fixation devices are increasing. This is due to the fact that the raw materials
utilized in manufacturing internal fixation devices are durable, stable and
flexible which provide necessary support to the bone and results in quick
recovery from the medical condition. In addition, it also reduces stay in
hospitals and improper bone healing. All these mentioned parameters result in
high growth rate of internal fixation devices during the forecast period 2013
to 2019.
Rise
in geriatric population across the globe will augment the growth of trauma
fixation devices since elderly people possess higher risk for osteoporosis that
will propel the demand for utilization of trauma fixation devices. It has been
estimated by the World Health Organization (WHO) that global elderly population
was around 524 million in 2010 and is expected to grow to reach around 2,000
million by 2050. Increasing number of accidents throughout the world will
further boost the growth of trauma fixation devices market. Recently, the U.S.
reported around 42 million trauma cases. These trauma patients required
immediate medical treatment (trauma fixation devices implantation) to recover
from trauma.
Increased
disposable income and awareness in developed nations such as U.S. and U.K. have
also contributed in the growth of trauma fixation devices market, since high
disposable income increases the affordability for availing these medical
services. Despite various advantages, growth of trauma fixation devices market
may get hindered owing to infection and allergy associated with the utilization
of external and internal trauma fixation devices. Similarly, high cost of these
devices will also reduce the utilization of these devices and in turn will
restrain the growth of trauma fixation devices market in developing nations
(with low disposable income) such as India, China and Brazil.
North
America followed by Europe accounts for the largest share of total trauma
fixation devices market owing to large patient population coupled with high
disposable income of the population in the regions. Asia-Pacific is expected to
grow at the highest CAGR during the forecast period due to increasing
healthcare expenditure in the nations such as India and China. High growth rate
of geriatric population in the region will further support the growth of trauma
fixation devices market. It has been estimated by WHO that around 12% of total
Chinese population and 300 million of Indians will belong to elderly population
by 2050. The major players operating in trauma fixation devices market include
Bioretec, Inc., Medtronic, Inc., Advanced Orthopaedic Solutions and Integra
LifeSciences Corporation amongst other significant players.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological growth
map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
More Reports On Medical Devices Market: - http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html
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