The size of the trauma fixation devices market in North America is predicted to worth USD 3.25 billion by 2028 and USD 2.49 billion in 2023, growing at a CAGR of 5.51% during the forecast period.
The market for trauma fixation devices in North America is projected to grow due to increased geriatric patients with osteoporosis and other bone diseases and an increase in the number of road and burn accident cases. Furthermore, increased investments by government agencies, increased demand for trauma fixation devices in hospital departments and outpatient surgery, and companies will boost the market growth. An increase in the number of sports injuries, traffic accident injuries, other bone diseases, and the rising incidence of burn cases are the major drivers of market expansion.
The availability of technologically advanced goods such as bioresorbable implants and nano-coated devices also increases the demand for trauma fixation solutions. Untapped potential in this region, on the other hand, opens up fresh opportunities. Internal trauma fixation devices are used to repair and stabilize severe fractures and dislocations. Internal and external fixation devices are the two types of fixation devices. Internal fixation devices are implanted within the human body. They provide the patient's fractured bone the appropriate form and keep the patient's bearing load during the recovery period.
Many patients who may benefit from a trauma fixation device are unaware that it is a viable alternative for pain relief and functional improvement. A lack of awareness may hamper the trauma fixation devices market. The North America Trauma fixation devices market is being hampered by various import tariffs on healthcare items and high costs. High surgical costs, competitive pricing, and the availability of alternatives would all limit market development. One of the market's restrictions is the rise in product recalls for trauma fixation therapy devices and equipment. The procedure of recovering all faulty items sold or accessible on the market is known as a product recall. In addition, the trauma fixation devices market in North America is forecasted to be hampered by a shortage of qualified specialists to operate technologically complex devices.
This research report on the North American Trauma Fixation Devices Market has been segmented and sub-segmented into the following categories:
By End Users:
Geographically, the Trauma fixation devices market in North America is likely to grow in the future and account for a significant share in the global market during the forecast period. In the year 2020, the need for trauma fixation devices decreased due to the introduction of COVID-19. This is mostly attributable to a decrease in fracture patients and the delay of orthopedic operations. Furthermore, the presence of significant competitors in the area contributes to the market's growth. In terms of technology and user comfort, trauma fixation devices have experienced revolutionary improvements. As a consequence of technical developments, the need for these devices is growing. Because of favorable payment rules in the healthcare system, fewer accident cases, and easy access to modern technologies in the region, North America is predicted to dominate the market. Drug-eluting implants, bioresorbable implants, and nano-coated devices are among the technologically advanced items that have fuelled the market growth. Key industry players such as Stryker Corporation and Johnson & Johnson are expected to impact the United States market substantially.
KEY MARKET PLAYERS:
Companies playing a dominant role in the North America trauma fixation devices market profiled in this report are Smith & Nephew, DePuy Synthesis, Stryker Corporation, Zimmer, Arthrex, Biomet, Conmed, Integra Lifesciences Corporation, Medtronic, Inc., and Bioretec, Inc.
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