Trauma Implants Market Poised to Surge from $8.4B to $15.2B by 2031 Amid Rising Accident Rates and Aging Population |

PORTLAND, OREGON, UNITED STATES, August 26, 2024 /EINPresswire.com/ -- The global trauma implants market, valued at $8.4 billion in 2021, is expected to reach $15.2 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.1% from 2022 to 2031. This robust growth is primarily fueled by the rising incidence of traumatic injuries, advancements in implant technology, and an aging population prone to fractures.

Key Market Players

1. Johnson & Johnson (Depuy Synthes)
2. Globus Medical Inc.
3. Stryker Corporations
4. Conformis
5. Siora Surgicals
6. Orthofix Medical
7. Bioretec Ltd
8. Colson Medical Llc (Acumed)
9. Zimmer Biomet Holdings
10. Medtronic Plc
11. B. Braun Melsungen Ag
12. Smith & Nephew plc

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/A17527

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

Rising Incidence of Traumatic Injuries
The increasing number of road traffic accidents globally is a significant driver of the trauma implants market. These accidents often result in bone fractures that require surgical intervention using implants. For instance, in 2019, India reported 437,396 road accidents, highlighting the high demand for trauma care solutions. Similarly, the U.S. saw a 10.5% increase in road accident cases in 2021 compared to the previous year, underscoring the critical need for trauma implants.

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐈𝐦𝐩𝐥𝐚𝐧𝐭 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬

Trauma implants are typically made from metallic materials such as titanium, cobalt alloys, and stainless steel, known for their durability and compatibility with the human body. The market is also witnessing a growing interest in bioabsorbable materials, such as polyglycolic acid (PGA) and polylactic acid (PLA), which offer advantages like reduced need for secondary surgeries to remove implants. These materials are particularly popular in bioabsorbable fixators, which help stabilize fractured bones and promote natural healing.

Aging Population as a Market Driver
The global aging population is another key factor driving the demand for trauma implants. Older adults are more susceptible to fractures due to conditions like osteoporosis. According to the World Health Organization (WHO), the number of people aged 60 and older is projected to rise from 1 billion in 2019 to 1.4 billion by 2030, creating a substantial market opportunity for trauma implant manufacturers.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬
Despite the promising growth trajectory, the trauma implants market faces several challenges. These include the risk of infection and pain associated with implants, the high cost of surgeries, and stringent regulatory requirements for product approval. These factors may hinder market expansion, particularly in regions with limited healthcare infrastructure.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭𝐬
The increasing healthcare expenditure in developing countries, particularly in Asia-Pacific, presents significant opportunities for market growth. As awareness about innovative trauma implant surgeries rises, and research and development activities intensify, the region is expected to see substantial market expansion. For example, Johnson & Johnson's launch of the 2.7 mm Variable Angle Locking Compression Plate (VALCP) in June 2021 demonstrates the potential for new product innovations to drive market growth.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The market is segmented by product type, material type, end user, and region:

• Product Type: The screws segment dominated the market in 2021 due to their widespread use in treating tibial fractures. Bioabsorbable fixators are expected to grow significantly, driven by their advantages in bone stabilization.

• Material Type: Metallic biomaterials led the market in 2021, with a continued demand for metallic screws and interlocking nails. However, bioabsorbable materials are anticipated to witness considerable growth due to their innovative applications in trauma care.

• End User: Hospitals accounted for the largest market share in 2021, attributed to their capacity to provide high-quality trauma implant surgeries. Orthopedic centers are expected to see notable growth as the number of specialized trauma implant surgeries increases.

• Regional Analysis: North America dominated the market in 2021, benefiting from a well-established healthcare infrastructure and the presence of key market players. Asia-Pacific is projected to experience significant growth, driven by increased awareness and advancements in the pharmaceutical sector.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A17527

David Correa
Allied Market Research
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