Lower Extremities Trauma Devices Market is expected to grow at a CAGR of 6.85% 2031
Global Lower Extremities Trauma Devices Market is
driven by advancing technologies in the forecast period, 2031-2031F.
According to TechSci Research report, “Lower
Extremities Trauma Devices Market - Global Industry Size, Share, Trends,
Opportunity and Forecast, 2021-2031F”, the Global Lower Extremities Trauma Device Market will grow from USD 2.48 Billion in 2025 to USD 3.69 Billion by 2031 at a 6.85% CAGR. Market growth can be attributed to factors such as increasing demand for efficient equipment and devices to address lower-limb trauma.
The increasing incidence of osteoporosis, which reduces bone density and makes bones brittle, is also driving growth in the global lower-extremity trauma devices market over the next five years. Also, increasing cases of spinal cord injuries that often arise due to road accidents and weaker bones are supporting the growth of the global lower extremities trauma devices market in the next five years.
Rapidly increasing instances of road accidents, accidental falls, and sports injuries are major causes of spinal injuries; thus, for such instances, demand for effective trauma devices increases and thus substantiates the growth of the global lower extremities trauma devices market in the future five years. Moreover, rising research and demand for technologically advanced products, and
innovative products flooding the market are some of the major factors that
drive the market growth.
Government bodies and other authoritative bodies are actively investing in the healthcare sector to support the research and development of medical devices. Private and market investments from market players and global giants involved in medical device development also play a vital role in the growth of the global lower-extremities trauma devices market over the forecast period, 2031.
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The global lower-extremity trauma devices market is segmented by type, site, end user, regional distribution, and competitive landscape. By type, the market is further differentiated into internal and
external fixators. Internal fixators include plates & screws, rods &
pins, and others. Also, external fixators include uniplanar & biplanar
fixators, circular fixators, and hybrid fixators.
Internal fixators are expected to account for the largest share of the market and dominate the segment over the next five years, owing to the increasing incidence of bone diseases and deformities that require surgical treatment. Moreover, growing sports events,
rapidly increasing road accidents, and geriatric population of the country
further support the growth of the global lower extremities market in the next
five years.
Market segments on the basis of site, is fragmented into hips &
pelvis, lower leg, foot & ankle, knee, and thigh. The lower leg site is anticipated to hold the largest revenue shares of the market due to increasing instances where traumatic injury is suffered in the lower leg. Moreover, the foot & ankle site is also anticipated to register significant growth in the next five years on the grounds of the growing geriatric population that is more susceptible to traumatic accidents and sufferings in the foot & ankle.
The end-user market segment is further bifurcated into hospitals & clinics, ambulatory surgical centres, and others. Hospitals & clinics are expected to account for the highest demand for lower-extremity trauma devices over the next five years, owing to increased patient volumes and greater financial resources to acquire low-cost medical devices to improve patient care.
Some of the market players, dominating the global market are:
- Stryker Corporation
- Zimmer Biomet Holdings
- Smith & Nephew
- Wright Medical Group
- Integra Life Sciences Corporation
- Acumed
- Orthofix Holdings
- Medartis
- Advanced Orthopaedic Solutions
- Matrix Meditec Private Limited
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“North America region is anticipated to hold the largest revenue
shares of the market due to increasing investment in the healthcare sector and
its expansion in the major economies. The countries like the United States and
Canada are actively supporting their healthcare industry by increasing
investments, providing favorable schemes for the development, supply, and
advancement in the medical devices, therapeutic approaches and pharmaceutical
products. Surging instances of spinal injuries, osteoporosis, and bone
deformities, is further aiding the growth of the global lower extremities
trauma devices market in the upcoming five years.
Increasing technological
advancement and surging demand from the patients for effective and affordable
treatment further substantiate the market growth. New market entrants may focus their resources on extensive research and innovative product development to satisfy consumer demand and thereby further aid brand establishment. Merger and acquisitions with the global giants would also help,” said Mr Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Lower Extremities Trauma Devices Market - Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By Type (Internal Fixators {Plates & Screws, Rods & Pins, Others} v/s External Fixators {Uniplanar & Biplanar Fixators, Circular Fixators, Hybrid Fixators}), By Site (Hips & Pelvis, Lower Leg, Foot & Ankle, Knee, Thigh), By End User (Hospitals & Clinics, Ambulatory Surgical Centers, Others), By Region 2021-2031F”, has evaluated the future growth
potential of global lower extremities trauma devices and provides statistics
& information on market size, structure and future market growth. The
report aims to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global lower extremities trauma devices market.
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