PUBLISHER: TechSci Research | PRODUCT CODE: 1069636
PUBLISHER: TechSci Research | PRODUCT CODE: 1069636
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Global lower extremities trauma devices market is anticipated to grow at a significant rate during the forecast period. The growth can be attributed to the rising incidences of bone related injuries and traumatic accidents, and surge in instances of osteoporosis among the population. Besides, rising cases of road accidents and injuries worldwide and rising awareness for the trauma devices are expected to propel the growth of the global lower extremities trauma devices market. Market players are constantly striving to create a competitive advantage by developing new and innovative trauma devices, which is expected to drive the trauma devices market in the coming years. As per some estimates, 22% of the global population is expected to have osteoarthritis, which is expected to drive the demand for lower extremities trauma products. Growing popularity of Orthobiologics/biological materials to improve the healing of broken bones, tendons, muscles, or ligaments are expected to drive the growth of the global lower extremities trauma devices market in the forecast period. Consistent influx of new technologies and introduction of newer devices are anticipated to drive the global lower extremities trauma devices market. Spinal injuries caused from accidents during sports or road accidents are creating a need for lower extremities trauma devices market, which is expected to propel their market growth in the coming years.
The global lower extremities trauma devices market segmentation is based on type, site, end user, regional distribution, and competitive landscape. Based on type, the market is further differentiated between internal fixators and external fixators. In 2020, the internal fixators devices segment dominated the global lower extremities trauma market due to rising occurrence of road accidents, falls, occupational hazards, etc. Besides, the therapeutic effect of internal fixation trauma devices will further contribute to their dominance in the coming years.
Top companies operating in the global lower extremities trauma devices market include Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew, Plc., Wright Medical Group N.V., Integra LifeSciences Corporation, Acumed LLC, Orthofix Holdings, Inc., Medartis AG, Advanced Orthopaedic Solutions, Inc., Matrix Meditec Private Limited, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F
Objective of the Study:
Report Scope:
In this report, global lower extremities trauma devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Internal Fixators
External Fixators
Hips & Pelvis
Lower Leg
Foot & Ankle
Knee
Thigh
Hospitals & Clinics
Ambulatory Surgical Centers
Others
North America
Europe
Asia-Pacific
Middle East & Africa
South America
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global lower extremities trauma devices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global lower extremities trauma devices market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information