Trauma Products Market Demand, Sales, Consumption Status and Growth Opportunities
Trauma
products refer to the products that are used for the physical injuries
and wounds caused by the external sources. In some of the major trauma cases,
the injuries might lead to long term complications such as chronic pain,
infections, and long-term disability. Trauma injuries include the injuries
causing severe damage to the body parts such as fractures, dislocations,
traumatic amputations, and damage to soft tissues.
With the increase in incidence
of accidents and natural disasters, the global trauma products market is
expected to witness a considerable growth during forecast period. According to
the World Health Organization (WHO), injuries accounts for 9% of the global
mortalities and a large number of survivors incur temporary or permanent
disabilities, in 2014. The increasing prevalence of injuries is driving the
growth of the global trauma market.
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Geographically, North America was the largest market for
trauma products in 2016, followed by Europe. The North American trauma products
market is primarily driven by the presence of key established players in the
market, developed reimbursement policies, and the high prevalence of trauma
cases and subsequent increase in trauma procedures in the region. The growth of
European trauma products market is driven by increasing healthcare expenditure,
and rising orthopedic trauma cases. Asia-Pacific is expected to witness
significant growth during forecast period. Some of the factors driving the
growth of Asia-Pacific trauma products market include, improving healthcare
infrastructure, increasing number of trauma cases and growing aging population.
The intensity of rivalry in the trauma
products market is quite high with the presence of number of small and
big players. Some of the key players in the global Trauma Products market are
DePuy Synthes, Zimmer Biomet Holding Inc., Accumed LLC, B. Braun Melsungen AG,
Citieffe S.R.L., Double Medical Inc., Medtronic plc, Wright Medical Group N.V.,
Orthofix Holdings Inc., Integra LifeSciences Corporation, Conmed Corporation,
Cardinal Health, Arthrex Inc., Smith & Nephew, and Stryker.
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