The Trauma Products Market is expected to reach USD 7.6 billion by 2025 from USD 5.0 billion in 2020, at a CAGR of 8.3% during the forecast period of 2020 to 2025. The growth in this market is driven by the rising prevalence of degenerative bone diseases, increasing incidence of sports injuries, and the growing number of road accidents and falls. However, Metal sensitivity in patients with trauma implants has hampered market growth to an extent.
Key Market Players:
The trauma products market is dominated by a few globally established players such as DePuy Synthes (US), Integra LifeSciences Corporation (US), Smith & Nephew (UK), Stryker (US), and Zimmer Biomet (US).
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In this report, the trauma products market is segmented on the basis of type, surgical site, end user, and region.
COVID-19 Impact on the Global Trauma products Market
The COVID-19 outbreak in Wuhan, China, led to the rapid establishment of several hospitals for treating the increasing number of patients. This has been mirrored in other countries as well—Italy and the US. The COVID-19 outbreak will have a negative impact on the trauma products market from 2020 to 2021. Wound care and planned surgeries are being denied to a number of patients, as medical providers are restricted from performing elective or non-essential surgeries in an attempt to preserve resources for treating COVID-19 patients, causing a drop in demand for trauma products such as internal fixators. However, after this pandemic, these denied cases will be addressed, thereby increasing the demand for trauma products.
Trauma products Market Dynamics
Drivers: High prevalence of degenerative bone diseases
Degenerative bone diseases such as osteoporosis, Paget’s disease, and osteoarthritis result in the deterioration of bones and cause extreme pain and stiffness of joints. Osteoarthritis is more common in people above 40 years, and the risk of the disease increases with age. According to the WHO, globally, the population of individuals aged 60 years and above was 900 million (12% of the total population) in 2015; this figure is estimated to reach 2 billion (22% of the global population) by 2050. The growth in the geriatric population is expected to increase the incidence of degenerative bone diseases worldwide, thereby driving the demand for trauma products.
Opportunities: Growing popularity of orthobiologics/biological materials
Regenerative medicine plays a significant role in the management of traumatic injuries. This area of medicine includes the use of orthobiologics (substances used to improve the healing of broken bones and injured muscles, tendons, and ligaments). Orthobiologics are made from substances naturally found in the body and help in speeding up the healing process. Some examples of orthobiologics are allografts, polymer-based bone substitutes, and viscosupplements.
Challenges: Metal sensitivity in patients with trauma implants
Trauma care products such as screws, plates, nails, wires, and pins are mostly made of metal or metal alloys (nickel, cobalt, chromium, and/or titanium). Products containing or made of these metals may cause allergies and infections once implanted, such as eczematous dermatitis, urticaria, and vasculitis. Metal sensitivity also causes osteolysis, pain, and the aseptic loosening of implanted metal hardware.
The internal fixators segment is estimated to grow at the highest CAGR in the trauma products market, by type, in 2019
Based upon type, the trauma products market is segmented into internal fixators, external fixators, and other trauma products. Internal fixators include plates, screws, nails, and other internal fixators (pins, wires, clamps, and staples). External fixators include unilateral and bilateral, circular, and hybrid fixators. In 2019, the internal fixators segment accounted for the largest share of the market. This segment is also projected to grow at the highest CAGR during the forecast period. This can be attributed to the high incidence of trauma injuries, rising geriatric population, and the high adoption of internal fixators over external fixators.
The lower extremity segment will continue to dominate the trauma products surgical site market during the forecast period
Based on surgical site, the trauma products market is segmented into upper extremity and lower extremity procedures. The upper extremities segment includes shoulder, arm, hand and wrist, and elbow. The lower extremities segment includes hip and pelvic, thigh, lower leg, foot and ankle, and knee. In 2019, the lower extremities segment accounted for the largest share of the trauma products market. The high incidence of sports injuries and the growing number of road accidents and falls are supporting the growth of this segment.
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Hospitals and trauma centers are the largest end users of trauma products
By end user, the trauma products market is segmented into hospitals and trauma centers and ambulatory surgery centers. In 2019, the hospitals and trauma centers segment accounted for the largest share of the global trauma products market. The large share of this segment can be attributed to the growing number of patients undergoing treatments in hospitals, increasing government support to supply well-equipped instruments, and infrastructural developments in hospitals.
Asia market to witness the highest growth during the forecast period
The trauma products market is divided into four regions—North America, Europe, the Asia and RoW. These regions are further analyzed at the country levels. North America held the largest share of the trauma products market in 2019, followed by Europe and the Asia. The Asia market is projected to grow at the highest CAGR during the forecast period. The growth in the Asian market is primarily attributed to the increasing incidence of trauma injuries, rising geriatric population, increasing government investments, and the growing focus of major players on the Asian region.
