Global Trauma Products Market - 2022-2029

Market Overview

Trauma Products Market size was valued US$ 8,149 million in 2021 and is estimated to reach US$ 13,267 million by 2029, growing at a CAGR of 6.5% during the forecast period (2022-2029).

Trauma is referred to as physical injuries, including fractures, burns, sprains, dislocations, and strains that occurred suddenly and required immediate medical attention. The market is dominated by the availability of trauma products, including internal fixators, external fixators, sports medicine devices, cages, angled blades, power tools, arc bars, and other trauma products.

Market Dynamics

The global trauma products market is growing due to several factors such as increasing the number of people undergoing traumatic injuries worldwide, approval of novel traumatic products and novel technological advances.

Rising incidence of traumatic injuries and various new technological advancements are expected to drive market growth.

The rising demand for trauma products drives the market, increasing the number of people undergoing traumatic injuries worldwide. According to the World Health Organization (WHO), approximately 5 million people die every year due to traumatic injuries including traffic collisions, drowning, poisoning, falls or burns, and violence from assault, self-inflicted violence, or acts of war worldwide. Every year approximately, 30% of people aged group 65 years or more fall, and around 40% of the aged group above 75 years fall. Around 40-60% of falls lead to injuries, 10% result in serious injuries, and 5% being fractured.

The market is witnessing technological advancement in diagnostic trauma products for improving the detection of brain injury. For instance, Medicortex is currently developing a rapid diagnostic kit to detect concussion and mild traumatic brain injury from urine or saliva. The rapid diagnostic kit is based on the specific biomarkers discovered from body fluids following brain injury. The rapid diagnostic kit would help improve the detection of brain injury, especially in mild cases that are harmful and difficult to diagnose by using contemporary means. It is being developed by using glycan-based biomarkers for the detection of mild traumatic brain injury.

The increase in the approval of novel trauma products shall stimulate market growth over the forecasted period. For instance, in December 2019, OrthoGrid Systems, Inc. had received clearance from the U.S. Food and Drug Administration (FDA) for the PhantomMSK Trauma. The OrthoGrid Systems' PhantomMSK is a universal software platform that works with all manufacturer devices across multiple procedures to assist with an implant, instrument, and anatomic alignment that use fluoroscopic imaging. It is the only intraoperative alignment technology effective in correcting the phenomenon of image distortion in orthopedic surgery, attributed to external electromagnetic interference and the mapping of the planar image on a curved input phosphor, affecting image integrity and causing potential risks of malalignment.

In January 2020, vasopharm GmbH completed the patient enrollment into the pivotal European NOSTRA III (NO Synthase in Traumatic Brain Injury) clinical trial. NOSTRA III is a Phase III clinical trial for examining the efficacy and safety of Ronopternin (VAS203) for the treatment of moderately to severely injured closed head traumatic brain (TBI) injury patients.

Scarcity of skilled professionals and high cost of procedures are expected to hamper the market growth.

High cost of these procedures that are increasing, scarcity of skilled professionals and unawareness about these trauma products are some key factors that may restraint the growth of market during the forecast period.

Industry Analysis

The global trauma products market provides in-depth analysis of the market based on various industry factors such as Porter's Five Forces, Regulatory Analysis, Supply Chain Analysis, Pricing Analysis.

Segment Analysis

Product type segment is expected to hold the largest market share in global trauma products market

The trauma products market is segmented based on internal fixators, external fixators, and other trauma products. The internal fixators segment accounts for the highest market share. The internal fixators segment includes the plates, screws, nails, and other internal fixators. There is higher adoption of the internal fixators due to their advantages in providing shorter hospital stay, less scarring and bruising, and early functionality for patients. Acumed's Acu-Loc 2 Wrist Plating System provides 48 plate options, including distal and proximal sitting plates, three different plate extension options, and fragment-specific plating choices. It features innovative instrumentation for fracture management and plate positioning. It is used to restore the natural anatomy of the wrist bones among people with fractures, fusions, and osteotomies. The Zimmer Natural Nail System is a next-generation intramedullary nailing system designed to make the surgery experience easy from pre-op to close. This system is used for designing the nails as anatomical and patient-conscious as possible, and instruments are designed to be fluid in layout and intuitive in function.

The external fixators are expected to have positive market growth due to their efficiency in speeding up the healing process by stabilizing the damaged bones. The external fixators are widely used for the treatment of open fractures. These external fixators are the preferred choice for fractures in children as internal fixators are not effective in growing bones. The external fixators include the unilateral & bilateral fixators, circular fixators, and hybrid fixators. Circular fixators have demonstrated high efficacy for long bone fractures where internal fixation is not recommended.

Further, the market is also classified based on the surgical site as upper extremities and lower extremities. The lower extremities segment accounts for the highest market share due to higher adoption of the lower extremities trauma product. The number of motorcycle accidents leads to severe injury to the ankle, foot, and thigh. The lower extremities segment includes the injury to the hip & pelvic, lower leg, foot & ankle, thigh, knee.

The upper extremities segment is expected to have positive market growth owing to the rising demand for upper extremities trauma products with the increasing prevalence of orthopedic diseases & sports-related injuries. The upper extremities segment includes the injury to the hand, wrist, shoulder, arm, and elbow. There is an increase in the number of companies providing upper extremities trauma products. For instance, Zimmer Biomet provides a wide range of fracture fixation products for the intricate anatomy and physiology of the upper extremities. It comprises implants and instruments with advanced technologies to enhance fixation, simplify, and improve the accuracy of procedures.

Geographical Analysis

North America region holds the largest market share in the global trauma products market

By region, the trauma products market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the trauma products market due to the high rate of adoption rate products, including implants and devices. There is an increase in the number of people suffering from traumatic injuries with the rising accidental cases. There is a large number of trauma centers handling emergencies. The United States accounts for the highest market share due to the rise in the approval of novel products with technological advancement and the favorable reimbursement policy's availability. Several pharmaceutical and biotechnology companies are involved in creating awareness regarding the trauma. For instance, in December 2019, Kaiser Permanent had entered into a partnership with the Alliance for a Healthier Generation and Discovery Education to address trauma and stress and promote social and emotional wellness at 25,000 schools in the United States. This initiative would provide the teachers with the skills and resources to support students' mental health and better tend to their own emotional needs.

The Asia Pacific region is expected to have positive market growth due to increased research and development activities for trauma products. There is a rising number of companies developing trauma products. Substantial growth is expected to observe in the countries including India and China due to the increasing older population as older people are at a high risk of developing traumatic injuries. The demand for trauma products is expected to increase with the increasing per-capita healthcare, healthcare expenditure, and private insurance expenditure over the forecasted period.

Competitive Landscape

The trauma products market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Medtronic Plc, Cardinal Health Inc., Stryker Corporation, Smith & Nephew, Depuy Synthes (part of Johnson & Johnson), Wright Medical Group N.V, B. Braun Melsungen AG, and Arthrex, Inc. are the leading market players with significant market share.

The key players focus on product approval, product development, market expansion, patent filing, and technological advancement strategies for holding their position in the market. For instance, in September 2019, Allied Corp had filed the United States Provisional Patent Application for cannabinoid and terpenoid pharmaceutical compositions and methods for treating post-traumatic stress disorder (PTSD).

The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for trauma products and their expansion across the globe. For instance, in November 2019, Stryker corporation had entered into the definitive agreement to acquire 100% of the issued and outstanding right Medical Group shares for USD 30.75 per share. The acquisition of Wright Medical would strengthen Stryker's trauma and extremities business in the market.

In January 2020, ATAI Life Sciences AG had entered into the collaboration with Neuronasal Inc. to develop the short-term treatment for mild Traumatic Brain Injury (mTBI) or concussion.

In December 2019, Therapeutic Solutions International signed the Letter of Intent to license exclusive rights to a patented adult stem cell to treat chronic traumatic encephalopathy (CTE) and traumatic brain injury (TBI) in the field of sports and athletics.

In January 2020, Anika Therapeutics, In, agreed to acquire Parcus Medical, a leading, privately-held sports medicine company, and Arthrosurface, a leading, privately-held provider of joint surf preservation solutions for active patients. These acquisitions would help the company expand its portfolio into replacement and regenerative therapies for joint preservation and restoration.

Key Companies to Watch

Medtronic Plc:

Overview: Medtronic plc is an American company that operates in U.S. and manufactures and markets medical device headquartered in Minneapolis, US. It is operational in around 140 countries and 90,000 people are employed there.

Product Type Portfolio:

VARILOC: VARILOC locking compression plate system provides the advantages of locking plate that gives angle stability to get better fixation in osteoporosis and metaphyseal fractures. Its locking mechanism offers better blood supply preservation as compared to conventional plate and screw system. Developed under Medtronic-Kanghui trauma products.

Key Developments: In May 2022, Medtronic plc, leader in healthcare technology announced its acquisition of Intersect ENT. They will expand company's ear, nose and throat portfolio with various innovative products.

The global trauma products market report would provide an access to an approx. 45+market data table, 40+figures and 180pages.