Global trauma devices market is expected to witness exponential growth over coming seven years owing to high prevalence of sports injuries, rising geriatric population base and adoption for orthopedic surgery for osteoarthritis. Moreover, rising demand for better orthopedic trauma surgeries and increasing fracture cases has set up positive growth rate for trauma devices market. This happened due to improved efficiency and functionality of trauma devices and higher acceptability of surgeons using plate and screw systems in fracture fixation problems. Tissue engineering, customized implants and small implants are expected to provide future growth opportunities to orthopedic surgeries market. Hybrid systems replacing conventional screw and plate systems is a recent trend an is expected to gain high market share in forecast period.
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The entire trauma devices market is bifurcated into internal fixation devices and external fixation devices. Screws and plates market of internal fixation devices held sizeable market share and are anticipated to gain further popularity owing to stability, flexibility and durability of raw materials which help in supporting fractured bones. External devices are also used in pediatric injuries owing to underdevelopment of the bones. Regionally, North America held the largest share, as of 2014 owing to supportive government policies and high incidences of trauma injuries. Rising geriatric population base and awareness among people is expected to boost market growth in European countries. Increasing personal disposable income is one of the key factors attributing to lucrative growth of Asia pacific region
Some key players in trauma devices market are Integra LifeSciences, Advanced Orthopedic Solutions, Tomier Inc., Medtronic Inc., Smith and Nephew, Bioretec Inc. and Wright Medical Technology Inc. These market players are adopting technological advancement techniques in fixation devices for foot, ankle, hand and wrist. Dynamic market is promoting various mergers and acquisitions among large companies with wide distribution channels and small enterprises with large variety of products.
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