This report provides exclusive insights into the COVID-19 impact on the Trauma and Extremities Devices Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Trauma and Extremities Devices Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Trauma and Extremities Devices Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
trauma and extremities devices market provides an in-depth analysis of segments
and sub-segments in the global as well as regional trauma and extremities
devices market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional trauma and extremities devices
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global trauma and
extremities devices market. According to the report, the global trauma and
extremities devices market is projected to grow at a CAGR of 7.5% over the
forecast period of 2019-2025.
Trauma and extremities devices consist of different simple
and complex devices. The rising psychological traumas due to workplace
injuries, accidents, robbery, sports injury, harassment, and emotionally
intrusive thoughts are promoting the demand for trauma and extremities devices.
Various cost-effective improvements in injury care promote market growth.
The surge in the number of road accidents globally will
augment the expansion of trauma and extremities devices market. As per the
World safety report, every year road accidents claim the lives of 1.3 million
people globally. Additionally, road accident causes around 20 to 50 million
injuries every year. The growing number of sports-related injuries led to the
growth of the trauma and extremities devices market. As per the American
Physical Therapy Association, annually there are nearly 2.9 million injuries
which are a third of all injuries are occurred due to athletic field, sports
facility, and playground activities. The rising geriatric population escalates
market growth. A study projected that around 17 percent of the world’s
population will be aged 65 and over by 2050. Further, rapid urbanization along
with demand for better health promotes the development of trauma and
extremities devices market. In addition, the prevalence of diabetes and other
complications such as diabetic foot contribute to the rise in demand for trauma
and extremities devices market. According to the International Diabetes
Federation, in 2019, there were around 463 million adults living with diabetes.
The number is estimated to reach 700 million by 2045. On the flip side, strict regulations for
product approval hinder the growth of the trauma and extremities devices
market. Moreover, technological development creates numerous opportunities in
the global trauma and extremities devices market.
Geographically, the global trauma and extremities devices
market is divided into North America, Asia-Pacific, Europe, and the Rest of the
World. North America is expected to hold a premium share in the global trauma
and extremities devices market. The rising geriatric population and
technological development in North America drive the growth of trauma and
extremities devices market. A study projected that by 2060 the number of
Americans aged 65 and over will be around 95 million. Europe has a significant
growth rate in the global trauma and extremities devices market owing to rising
research and development activities in the region. Asia-Pacific region has a
healthy CAGR in the global trauma and extremities devices market over the
forecast period. The surge in healthcare expenditure and growing per capita
expenditure in Asia-Pacific stimulate the growth of the trauma and extremities
devices market in Asia-Pacific.
The report on global trauma and extremities devices market
covers segments such as type, injury type, and end-user. On the basis of type,
the sub-markets include internal fixation device, external fixation device,
craniofacial devices, and long bone stimulation. On the basis of injury type,
the sub-markets include upper extremities, lower extremities, foot and ankle,
hip fracture and pelvic, and shoulder. On the basis of end-user, the
sub-markets include ambulatory surgery centers, hospitals, specialty clinics,
and orthopedic centers.
The report provides profiles of the companies in the market
such as Zimmer Biomet, Integra LifeSciences Corporation, Bioretec Ltd.,
Advanced Orthopedic Solutions, Cardinal Health, Smith & Nephew plc, Stryker
Corporation, Wright Medical Technology, Inc., Acumed, LLC, DePuy Synthes, and
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of trauma and
extremities devices market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.