The United States Orthopedic Trauma Devices Industry is estimated to reach a substantial size of US$ 7.8 billion in 2033, demonstrating impressive growth. This represents an absolute dollar growth of US$ 3.3 billion from the previous period.
The United States stands out as the leading contributor to this market’s revenue, primarily attributed to its high consumption rate. This growth is expected to persist, driven by a network of third-party payers, including government schemes, local dealers, and private health insurance companies.
This robust market expansion is further propelled by favorable reimbursement policies within the U.S. healthcare system, a surge in accident cases, and the increasing adoption of digital orthopedic technologies in trauma and orthopedic surgeries.
The historical compound annual growth rate (CAGR) from 2017 to 2022 was at a steady 5%. Looking ahead, the forecasted CAGR from 2023 to 2033 suggests continued growth and prosperity in the orthopedic trauma devices market.
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Based on the regional analysis, the global orthopedic trauma devices industry will continue to witness dominance in North America, which currently accounts for a major portion of the total revenues. With around 48% value share observed in 2021, North America’s orthopedic trauma devices industry is estimated to attain a value of over US$ 6 Bn by the end of 2028. Western Europe is also identified to be a key market, holding the second-largest position in terms of value.
Manufacturers will however discover attractive opportunities in developing economies, including Asia Pacific, Latin America, and Middle East, and Africa. Among the emerging regional markets, Asia Pacific excluding China and Japan (APECJ) is likely to emerge at a relatively higher pace, followed by MEA. China is expected to be the most lucrative market owing to the highest estimated CAGR value over 2022-2028. The strong presence of key companies will reportedly uplift the markets in North America and China.
A majority of the key companies operating in the global orthopedic trauma market are opting for strategic mergers and acquisitions, in addition to new product launches. According to the report, the tier 1 companies, followed by the tier 3 players, contribute most of the revenue. Tier 1 includes DePuy Synthes Inc., Stryker Corporation, Zimmer Biomet Holdings Inc., and Smith & Nephew Plc., which collectively represent nearly 70% share of the total market revenues. Among these, DePuy and Stryker will continue to remain the top players worldwide over the next decade. Tier 3 accounts for a relatively decent revenue share and includes brands such as Arthrex, Inc., RTISurgical, Medartis, Integra LifeSciences Corporation, Japan MDM, S. H. Pitkar Orthotools Pvt Ltd, Weigao Group Co Ltd, and Invibio Ltd.
Others operating in the global orthopedic trauma devices industry include Johnson & Johnson Services, Inc., Wright Medical Group NV, B. Braun Melsungen AG, Orthofix International, and OsteoMed. Growing outpatient surgical procedure demand and boosting funds for delivery of the top-notch trauma care are foreseen to collectively create a lucrative pool of opportunities for the leading bunch of companies in the global marketplace. The market is also witnessing the development of novel and effective products for use in trauma care, which stands to be another important opportunity.
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Key Companies Profiled:
- Medtronic, Inc.
- Invibio Ltd.
- OsteoMed
- Weigao Group Co Ltd.
- Arthrex, Inc.
- Johnson & Johnson Company
- CONMED, Tornier, Inc.
- Stryker Corporation
- Zimmer Holding Inc.
- NuVasive
- Medartis
- Olympus Corporation
Key Segments Covered in Orthopedic Trauma Devices Industry Research
Orthopedic Trauma Devices Industry by Product Type:
- Internal Fixators
- Screws
- Intramedullary Nails
- Plates
- Others (Wires, Pins, Staples)
- External Fixators
- Unilateral Fixators
- Circular Fixators
- Hybrid Fixators
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Orthopedic Trauma Devices Industry by Product Type by End User:
- Hospitals
- Orthopedic and Trauma Centers
- Ambulatory Surgical Centers
Orthopedic Trauma Devices Industry by Region:
- North America Orthopedic Trauma Devices Market
- Latin America Orthopedic Trauma Devices Market
- Europe Orthopedic Trauma Devices Market
- East Asia Orthopedic Trauma Devices Market
- South Asia & Pacific Orthopedic Trauma Devices Market
- Middle East & Africa (MEA) Orthopedic Trauma Devices Market
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