Orthopedic Trauma Devices Market Analysis, Growth Opportunities and Recent Trends by Leading Manufacturers & Regions
The global orthopedic
trauma devices market is growing due to the increasing frequency of
fractures, along with the growth of aging population. The advantageous features
posed by orthopedic trauma devices, such as internal and external fixators to
set a fracture, and in repositioning of bone fragments into their normal
alignment are also driving the growth of the market worldwide. Furthermore, the
internal fixators have reduced the hospital stays, reduced the incidence of
improper healing and improper positioning of the broken bones. These fixators
are durable, as they are made up of stainless steel and titanium. Plates are
like internal splints that hold the broken piece of bones together and are
attached to the bone with the help of screws.
Screws are
used for internal fixation of fracture. Screws can be used alone, or along with
rods and plates. In case of fractures of the long bones, the bone pieces are
held together by the insertion of a rod or a nail through the hollow center of
the bone. The screws at each end of the rod hold the rod in place, until the
fracture gets healed. An external fixator acts as a stabilizing frame to hold
the broken bones in proper position. External fixation is used as a temporary
treatment for fractures, as they can be applied easily and doesn’t require
longer surgery to fix the fracture. The increase in number of collaborations
and partnerships among the companies manufacturing orthopedic trauma devices
and shifting of internal fixators from metallic to non-metallic, bio-
absorbable material are the major trends witnessed in the market.
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However, the
high cost of surgery, chances of double surgery, and lack of awareness are some
of the key factors restraining the growth of the global market of orthopedic
trauma devices. In addition, the absence of health insurance in developing
countries is also obstructing the growth of the global market of orthopedic
trauma devices.
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Some of the
major companies operating in the global orthopedic trauma devices market are
Zimmer Holding Inc., DePuy Synthes, Stryker Corporation, Orthofix Holding Inc.,
and Smith & Nephew.
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