(Health-NewsWire.Net, June 19, 2017 ) The North America trauma fixation devices market is predicted to reach USD 2,599 million by 2021 from USD 1,987 million in 2016, growing at a CAGR of 5.51%.
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The physical injuries such as, burns, dislocations, sprains, fractures, and strains are segregated under trauma, for which the trauma fixation devices are a prominent solution. Technologically advanced customized implants, tissue engineering and smart implants are diversifying the product portfolio in this market.
Factors such as increase in disposable incomes, growing awareness about the latest products in medical field, supportive policies of governments, coverage under public insurance programs like Medicare and Medicaid, availability of advanced medical facilities at near distance, rise in healthcare expenditure of governments on R&D activities are fuelling the growth of North America trauma fixation devices market. Further, unaffordability and complications of surgeries is also making people look at other options.
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The upsurge in aging population in North American countries is also providing an opportunity for the growth of trauma fixation devices market as the aged personnel possess high risk of osteoporosis which in turn will increase the demand for trauma devices.
However, problems associated with biocompatibility of the internal and external trauma devices and the high cost of advanced technologies are limiting the reach of the trauma fixation devices in these region.
The North America trauma fixation devices market is segmented on the basis of type into internal and external fixation devices. The internal fixation devices are employed in fixing fractured bones in definite shape. Screws, Plates, Rods, Wires and Intramedullary nails, all this equipment come under internal fixation devices. The external trauma fixation devices are classified on the basis of technology into Unilateral, Circular and Hybrid Fixation. The internal trauma fixation devices segment holds the largest share of the North American market. Moreover, the demand for better services in trauma surgeries is compelling the manufacturers to develop products that are less invasive and more anatomical, such as low-profile plating system for extremity fixation procedures.
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Internal trauma fixation devices
External Trauma fixation devices
By End Users
•Point of Care testing
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