Trauma Products Market Size 2021-2028- Increasing Number Of Private Hospitals In Developing Countries

(MENAFN- EIN Presswire)

Reports And Data

Increasing geriatric population and prevalence of degenerative bone diseases such as osteoarthritis and rheumatoid arthritis are some key factor

NEW YORK , NY, UNITED STATES, April 25, 2022 /EINPresswire.com / -- The global trauma products market size is expected to reach USD 9.41 Billion in 2028 and register a CAGR of 8.1% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are major prevalence of degenerative bone diseases such as osteoarthritis and rheumatoid arthritis, increasing global geriatric population, rising investment by private investors and governments in development of medical devices and high preference for minimally invasive surgeries.

Trauma is a medical term that refers to sudden physical injuries that require immediate medical treatment. Trauma can be two types mental and physical trauma due to sudden accident, violent attacks or physical injuries. Trauma products are primarily used in hospitals & trauma centers, and ambulatory surgery center. Hospitals & trauma centers segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing number of private hospitals in developing countries and high preference for hospital-based treatments. Asia Pacific market is expected to register relatively faster revenue CAGR throughout the forecast period. Continuous development of healthcare infrastructure and increasing geriatric population in countries in the region are major factors driving revenue growth of the market in this region.

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Some Key Highlights From the Report:

In March 2020, Acumed signed an agreement with Vivorte. This agreement helped Acumed to distribute Vivorte's products such as calcium phosphate-based bone allograft (Trabexus) and calcium phosphate-based biocement (Fortera).
Internal fixators segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing global geriatric population and rising application of internal fixators.
North America is expected to register significantly larger revenue share over the forecast period. Robust presence of key market players and increasing application of advanced trauma products are some major factors driving revenue growth of the market in this region.
Major players in the global market include Acumed LLC, Arthrex Inc., B. Braun Melsungen AG, Citieffe s.r.l., CONMED Corporation, DePuy Synthes, Double Medical Inc., Integra LifeSciences Corporation, Orthofix Holdings Inc., and Smith & Nephew.

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

Trauma Products Market Segmentation:

Type Outlook (Revenue, USD Billion; 2018-2028)

External Fixators
Unilateral
Circular
Hybrid
Internal Fixators
Plates
Nails
Screw
Pins
Staples

Surgical Site Outlook (Revenue, USD Billion; 2018-2028)

Lower Extremities
Thigh
Hip & Pelvic
Lower Leg
Knee
Foot & Ankle
Upper Extremities
Hand & Wrist
Elbow
Shoulder
Arm

End-Use Outlook (Revenue, USD Billion; 2018-2028)

Clinical Laboratories
Biotechnology Industries
Others

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Regional Outlook:

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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